TIDMAIRE
RNS Number : 0362G
Alternative Income REIT PLC
10 November 2022
THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS RESTRICTED AND
IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION IN THE UNITED
STATES OF AMERICA, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA,
CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA.
10 November 2022
Alternative Income REIT plc
(the "Company" or "Group")
RESULT OF ANNUAL GENERAL MEETING
The Board of Alternative Income REIT plc is pleased to announce
that at the Company's Annual General Meeting held today, all
resolutions were passed on a show of hands.
Resolutions 1 to 10 (inclusive) were proposed as ordinary
resolutions and resolutions 11 to 14 were proposed as special
resolutions. The proxy votes received prior to the meeting were as
follows:
Resolution Votes For* % Votes % Total votes Total votes Votes
Against validly cast as % Withheld**
cast of issued
share capital
To receive and adopt the
audited
financial statements of the
Company for the financial
year
1 ended 30 June 2022 24,707,047 99.75 6,787 0.03 24, 768,305 30.77 3,000
----------------------------- ----------- ------ --------- ----- ------------ --------------- ------------
To approve the Directors'
Remuneration
2 Report 24,089,531 99.57 50,167 0.21 24,194,169 30.05 577,136
----------------------------- ----------- ------ --------- ----- ------------ --------------- ------------
To re-elect Alan Sippetts as
3 a Director 24,671,842 99.68 24,432 0.10 24,750,745 30.75 20,560
----------------------------- ----------- ------ --------- ----- ------------ --------------- ------------
To re-elect Adam Smith as a
4 Director 24,097,042 97.36 599,232 2.42 24,750,745 30.75 20,560
----------------------------- ----------- ------ --------- ----- ------------ --------------- ------------
To re-elect Stephanie
Eastment
5 as a Director 24,653,942 99.57 51,432 0.21 24,759,845 30.76 11,460
----------------------------- ----------- ------ --------- ----- ------------ --------------- ------------
To re-appoint Moore Kingston
Smith LLP as independent
Auditor
6 of the Company 24,686,402 99.68 24,432 0.10 24,765,305 30.76 6,000
----------------------------- ----------- ------ --------- ----- ------------ --------------- ------------
To authorise the Audit
Committee
to determine the Auditor's
7 remuneration 24,705,047 99.75 6,787 0.03 24,766,305 30.77 5,000
----------------------------- ----------- ------ --------- ----- ------------ --------------- ------------
To approve the continuation
of the Company in its
current
8 form 24,463,493 98.78 248,341 1.00 24,766,305 30.77 5,000
----------------------------- ----------- ------ --------- ----- ------------ --------------- ------------
To approve the Company's
dividend
9 policy 24,707,047 99.75 6,787 0.03 24,768,305 30.77 3,000
----------------------------- ----------- ------ --------- ----- ------------ --------------- ------------
To authorise the Directors
10 to allot shares 24,622,222 99.46 79,052 0.32 24,755,745 30.75 15,560
----------------------------- ----------- ------ --------- ----- ------------ --------------- ------------
To authorise the
disapplication
of pre-emption rights up to
11 5% 24,461,898 98.79 245,476 0.99 24,761,845 30.76 9,460
----------------------------- ----------- ------ --------- ----- ------------ --------------- ------------
To authorise the
disapplication
of pre-emption rights up to
a further 5% in connection
with an acquisition or
specified
12 capital investments 24,492,073 98.91 214,725 0.87 24,761,269 30.76 10,036
----------------------------- ----------- ------ --------- ----- ------------ --------------- ------------
To authorise the Company to
13 purchase its own shares 24,674,047 99.72 14,787 0.06 24,743,305 30.74 3,000
----------------------------- ----------- ------ --------- ----- ------------ --------------- ------------
To authorise the calling of
general meetings, other than
an annual general meeting,
on not less than 14 clear
days'
14 notice 24,102,185 97.43 581,649 2.35 24,738,305 30.73 8,000
----------------------------- ----------- ------ --------- ----- ------------ --------------- ------------
* Any discretionary votes have been included in the "For"
totals.
**A vote withheld is not a vote in law and is not counted in the
calculation of the votes for or against a resolution.
Every shareholder has one vote for every Ordinary Share held. As
at 10 November 2022, the share capital of the Company consisted of
80,500,000 Ordinary Shares of GBP0.01 each with voting rights. The
Company does not hold any shares in Treasury.
The full text of all the resolutions can be found in the Notice
of Annual General Meeting dated 5 October 2022, a copy of which is
available on the Company's website at
https://www.alternativeincomereit.com/investors/documents/2021
.
In accordance with Listing Rule 9.6.2 copies of all the
resolutions passed, other than ordinary business, will be submitted
to the National Storage Mechanism and will shortly be available for
inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
ENQUIRIES
Alternative Income REIT PLC
Alan Sippetts - Chairman via Maitland/AMO below
M7 Real Estate Ltd
Richard Croft +44 (0)20 3657 5500
Panmure Gordon (UK) Limited +44 (0)20 7886 2500
Alex Collins
Tom Scrivens
Chloe Ponsonby
Maitland/AMO (Communications
Adviser) +44(0) 7747 113 930
James Benjamin james.benjamin@maitland.co.uk
The Company's LEI is 213800MPBIJS12Q88F71.
Further information on Alternative Income REIT plc is available
at www.alternativeincomereit.com (1) .
NOTES
Alternative Income REIT PLC aims to generate a sustainable,
secure and attractive income return for shareholders from a
diversified portfolio of UK property investments, predominately in
alternative and specialist sectors. The majority of the assets in
the Group's portfolio are let on long leases which contain
inflation linked rent review provisions.
The Company's investment adviser is M7 Real Estate Limited
("M7"). M7 is a leading specialist in the pan-European, regional,
multi-tenanted real estate market. Majority owned by its senior
managers, it has over 200 employees in 14 countries across Europe.
The team manages over 835 properties with a value of circa EUR4.9
billion.
1 Neither the content of the Company's website, nor the content
on any website accessible from hyperlinks on its website or any
other website, is incorporated into, or forms part of, this
announcement nor, unless previously published on a Regulatory
Information Service, should any such content be relied upon in
reaching a decision as to whether or not to acquire, continue to
hold, or dispose of, securities in the Company.
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END
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