Result of AGM
KCR Residential REIT plc announced the results of its annual general meeting where only resolutions to receive the annual report and accounts for the year ended 30 June 2025 and to reappoint Grant Thornton Limited as auditors were passed, with 100% of votes in favour and 56.11% of the issued share capital voted. However, the resolution to authorise directors to allot shares was not passed, with only 21.48% in favour, and consequently, the resolution to disapply pre-emption rights, which was conditional on the former, is ineffective despite passing with 92.86% of votes in favour.
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KCR Residential REIT plc, the residential REIT group, announces that, at the annual general meeting of the Company held today, only Resolutions 1 and 2 were passed and, as explained in the notes below, are effective. The results of the poll vote are set out below.
| Summary of Resolutions | For | Percentage of votes in Favour | Against | Percentage of votes Against | Withheld | Total of issued share capital voted | Percentage of issued share capital voted |
|---|---|---|---|---|---|---|---|
| 1 R eceive the consolidated annual report and accounts for the year ended 30 June 2025 | 23,380,176 | 100% | 0 | nil | 404 | 23,380,176 | 56.11% |
| 2 R eappoint Grant Thornton Limited as auditors | 23,380,176 | 100% | 0 | nil | 404 | 23,380,176 | 56.11% |
| 3 To authorise the Directors to allot ordinary shares and relevant securities pursuant to Section 551 of the Companies Act 2006. | 60,176 | 21.48% | 220,000 | 78.52% | 23,100,404 | 280,176 | 0.67% |
| 4 To disapply pre-emption rights in certain circumstances (general authority). | 260,176 | 92.86% | 20,000 | 7.14% | 23,100,404 | 280,176 | 0.67% |
Notes:
Resolutions 1 and 2 were passed as Ordinary Resolutions. Resolution 3 was not passed. Resolution 4 was passed as a Special Resolution, however as Resolution 4 is conditional on the passing of Resolution 3, which was not passed, Resolution 4 is ineffective.
The number of ordinary shares in issue at the date of this announcement is 41,669,631, of which no ordinary shares are held in treasury.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.