Picton Prop Inc Ltd Result of AGM
November 17 2021 - 11:17AM
UK Regulatory
TIDMPCTN
17 November 2021
PICTON PROPERTY INCOME LIMITED
("Picton", the "Company" or the "Group")
LEI: 213800RYE59K9CKR4497
RESULT OF ANNUAL GENERAL MEETING
At the Annual General Meeting of the Company held today, all Ordinary and
Special Business Resolutions set out in the Annual General Meeting Notice sent
to Shareholders dated 15 October 2021 were duly passed.
Details of the proxy voting results which should be read alongside the Notice
are noted below:
Ordinary For % Discretion % Against % Abstain
Resolution (voted in
favour)
1 336,175,163 97.45 1,390 0.01 8,786,916 2.55 667,058
2 336,452,577 97.42 1,390 0.01 8,892,017 2.57 284,543
3 345,291,419 99.98 2,561 0.01 52,790 0.02 283,757
4 343,396,931 99.44 1,390 0.01 1,944,501 0.56 287,705
5 337,866,362 97.84 1,090 0.01 7,472,776 2.16 290,299
6 344,549,536 99.77 1,390 0.01 791,896 0.23 287,705
7 344,649,937 99.80 1,390 0.01 691,495 0.20 287,705
8 344,582,223 99.78 1,390 0.01 756,615 0.22 290,299
9 344,514,959 99.76 1,090 0.01 828,127 0.24 286,351
10 246,927,948 72.17 1,090 0.01 95,213,590 27.83 3,487,899
11 333,280,593 96.51 1,090 0.01 12,044,009 3.49 304,835
Special For % Discretion % Against % Abstain
Resolution (voted in
favour)
12 336,335,696 97.42 2,090 0.01 8,920,782 2.58 371,959
13 334,147,883 96.76 2,390 0.01 11,185,992 3.24 294,262
14 318,338,455 92.18 2,390 0.01 26,990,344 7.82 299,338
The Board is pleased to note that all resolutions were passed with the
requisite majority of votes and welcomes the support of the Company's
shareholders.
The Board notes that while Resolution 11 - To receive and adopt the Directors'
Remuneration Policy, had near unanimous support, Resolution 10 - To receive and
adopt the Directors' Remuneration Report for the year ended 31 March 2021, had
lower overall support.
The Remuneration Committee gave careful consideration to executive remuneration
during 2021 and sought external input including a consultation with larger
shareholders, proxy agencies and other stakeholders prior to making its
executive director pay proposal and devising the new Remuneration Policy.
It is therefore disappointing that that a minority of shareholders were unable
to support this resolution. As the Company values an open and transparent
dialogue with shareholders, it will continue to engage with them to ensure
their views are understood.
Enquiries:
Northern Trust International Fund Administration Services (Guernsey) Limited
The Company Secretary
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL
Tel: 01481 745001
Note to Editors
Picton, established in 2005, is a UK REIT. It owns and actively manages a £745
million diversified UK commercial property portfolio, invested across 46 assets
and with around 350 occupiers (as at 30 September 2021). Through an occupier
focused, opportunity led approach to asset management, Picton aims to be one of
the consistently best performing diversified UK focused property companies
listed on the main market of the London Stock Exchange.
For more information please visit: www.picton.co.uk
ENDS
END
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