27th Oct 2015 16:00
Results of EGM
The Board of Directors of Hibernia REIT plc ("Hibernia" or the "Company") is pleased to announce that all of the Resolutions proposed at the Extraordinary General Meeting ("EGM") held in Dublin today were duly passed. These resolutions were to approve the proposed internalisation of WK Nowlan REIT Management Limited (the "Transaction"), the appointment of new Directors and granting the Directors authority to hold extraordinary general meetings on 14 days' notice where the purpose of the meeting is to consider ordinary resolutions.
Full details of the resolutions were set out in the circular published by Hibernia on 23 September 2015 (the "Circular"). The Circular is available for inspection in electronic form on the Company's website, www.hiberniareit.com.
Details of the proxies from Shareholders in respect of each Resolution are set out below:
Resolution | For Number |
% | Against Number |
% | Withheld Number | |
1 Approval of the Transaction | 418,771,599 | 98.36 | 6,995,900 | 1.64 | 501,535 | |
2 Appointment of Kevin Nowlan as Director |
418,508,079 |
98.18 |
7,760,955 |
1.82 |
0 | |
3 Appointment of Thomas Edwards-Moss as Director |
418,505,079 |
98.18 |
7,760,955 |
1.82 |
3,000 | |
4 To authorise the Directors to hold EGMs on 14 days' notice |
340,994,406 |
80.00 |
85,274,628 |
20.00 |
0 |
Notes:
1. Percentages are expressed as a proportion of the total votes cast (which does not include votes withheld).
2. A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "for" and "against" a resolution.
3. Any proxy appointments which gave discretion to the Chairman have been included in the "For" totals.
Completion of the Transaction is subject to the fulfillment of the conditions as set out in the Circular. This is expected to occur shortly.
ENDS
Contacts:
Hibernia REIT plc + 353 1 536 9100
Danny Kitchen
WK Nowlan REIT Management Limited + 353 1 536 9100
Tom Edwards-Moss
Murray Consultants
Doug Keatinge: +353 86 037 4163
Jill Farrelly: +353 87 738 6608
About Hibernia REIT plc Hibernia REIT plc is an Irish Real Estate Investment Trust ("REIT") and is listed on the Irish and London Stock Exchanges. The principal activity of the Company is to acquire and hold investments in Irish property (primarily commercial property) with a view to maximising shareholder returns.
Related Shares:
HBRN.L