TIDMCSH
RNS Number : 3931Y
Civitas Social Housing PLC
08 September 2020
CIVITAS SOCIAL HOUSING PLC
(the "Company")
Result of Annual General Meeting
The Company is pleased to announce that at the Annual General
Meeting ("AGM") held today, all resolutions were passed on a
poll.
Resolutions 1 to 11 and 15 were proposed as Ordinary
Resolutions. Resolutions 12 to 14 and 16 were proposed as Special
Resolutions.
The total number of proxy votes received in relation to each
resolution were as follows:
Resolutions Votes % Votes Against % Against Votes Votes
For For at Chairman's Withheld
Discretion
Resolution
1 306,937,208 100.00% 250 0.00% 100,598 408,015
------------ -------- -------------- ---------- --------------- ----------
Resolution
2 307,301,157 9 9.99% 33,515 0.01% 100,598 10,801
------------ -------- -------------- ---------- --------------- ----------
Resolution
3 307,335,840 100.00% 4,250 0.00% 100,598 5,383
------------ -------- -------------- ---------- --------------- ----------
Resolution
4 306,613,225 9 9.76% 726,865 0.24% 100,598 5,383
------------ -------- -------------- ---------- --------------- ----------
Resolution
5 306,613,225 99.76% 726,865 0.24% 100,598 5,383
------------ -------- -------------- ---------- --------------- ----------
Resolution
6 305,959,463 99.55% 1,380,627 0.45% 100,598 5,383
------------ -------- -------------- ---------- --------------- ----------
Resolution
7 306,613,225 99.76% 726,865 0.24% 100,598 5,383
------------ -------- -------------- ---------- --------------- ----------
Resolution
8 307,301,310 99.99% 33,064 0.01% 100,598 11,099
------------ -------- -------------- ---------- --------------- ----------
Resolution
9 307,244,359 99.97% 96,715 0.03% 100,598 4,399
------------ -------- -------------- ---------- --------------- ----------
Resolution
10 307,345,223 100.00% 250 0.00% 100,598 0
------------ -------- -------------- ---------- --------------- ----------
Resolution
11 307,340,824 100.00% 250 0.00% 100,598 4,399
------------ -------- -------------- ---------- --------------- ----------
Resolution
12 283,970,561 94.40% 16,834,289 5.60% 100,598 6,540,622
------------ -------- -------------- ---------- --------------- ----------
Resolution
13 253,171,081 82.40% 54,077,926 17.60% 100,598 96,465
------------ -------- -------------- ---------- --------------- ----------
Resolution
14 296,279,879 96.40% 11,056,812 3.60% 100,598 8,782
------------ -------- -------------- ---------- --------------- ----------
Resolution
15 307,336,840 100.00% 8,633 0.00% 100,598 0
------------ -------- -------------- ---------- --------------- ----------
Resolution
16 307,332,441 100.00% 4,250 0.00% 100,598 8,782
------------ -------- -------------- ---------- --------------- ----------
The Board notes that votes representing 17.6% of total votes
cast were received against the market standard 14.99% share buyback
resolution, following the recommendation of Pensions and Investment
Research Consultants Limited ("PIRC"), a proxy adviser.
The UK Corporate Governance Code (the "UK Code") notes that
where a significant proportion of votes have been cast against a
resolution at a general meeting, a company should explain what
actions it has taken to understand the reasons behind the vote. The
Company, via their corporate broker, have spoken to the largest
shareholders who voted against this resolution and those
shareholders remain in favour of the Company's approach to
buybacks, in spite of PIRC's recommendation to vote against this
resolution.
A copy of the full text of Resolutions 11 to 16 will be
submitted to the National Storage Mechanism and will shortly be
available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
LEI: 213800PGBG84J8GM6F95
For further information, please contact:
Civitas Investment Management Limited
Paul Bridge Tel: +44 (0)20 3058 4844
Andrew Dawber Tel: +44 (0)20 3058 4846
Panmure Gordon
Sapna Shah Tel: +44 (0)20 7886 2783
Tom Scrivens Tel: +44 (0) 20 7886 2648
Liberum Capital Limited
Gillian Martin / Chris Tel: +44 (0) 20 3100 2222
Clarke
Buchanan
Helen Tarbet / Henry Tel: +44 (0) 20 7466 5000
Wilson
Notes:
Civitas Social Housing PLC (CSH) was created in 2016 by Civitas
Investment Management Limited as the first dedicated London listed
REIT, to raise long-term, sustainable, institutional capital to
invest in care-based social homes and healthcare facilities across
the UK. So far, CSH has completed more than 120 individual
transactions to build the largest portfolio of its kind that has
been independently valued at GBP885 million (as at 30 June 2020).
CSH provides homes for 4,292 working age adults with long-term care
needs, in 618 bespoke properties that are supported by 118
specialist care providers, 15 housing associations over 164
individual local authority areas.
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END
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