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23 May 2019
REGIONAL REIT LIMITED
Result of Annual General Meeting
Regional REIT (LSE: RGL), the regional real estate investment specialist focused on building a diverse portfolio of income producing regional UK core and core plus office and industrial property assets, is pleased to announce that, at the Annual General Meeting held today, all resolutions were passed on a show of hands.
Resolutions 1 to 10 were passed as ordinary resolutions. Resolutions 11 and 12 were passed as extraordinary resolutions, as set out below:
Resolution 11 (extraordinary resolution): That the Directors be generally authorised to issue, allot and/or sell equity securities for cash, as if pre-emption rights attached to such shares did not apply to such allotment, issue and/or sale of such shares.
Resolution 12 (extraordinary resolution): That the Directors be authorised in addition to any authority granted under resolution 11 to allot, issue and/or sell equity securities for cash as if the pre-emption rights attached to such shares did not apply to any such allotment, issue and/or sale of such shares for the purposes of financing (or refinancing) acquisitions or capital investments.
The proxy votes received in relation to these resolutions were as follows:
1. Any proxy appointments giving discretion to the Chairman of the Meeting have been included in the "For" totals above.
2. A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.
The full text of the resolutions may be found in the Notice of the Annual General Meeting, copies of which are available on both the Company's website www.regionalreit.com and on the National Storage Mechanism.
A copy of the resolutions passed at the Annual General Meeting, have been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/nsm.
For further information please contact:
Link Company Matters Limited
Tel: +44 (0) 1392 477500
Regional REIT Limited
Press enquiries through Buchanan
Toscafund Asset Management LLP
Tel: +44 (0) 20 7845 6100
Investment Manager to the Group
Adam Dickinson, Investor Relations, Regional REIT Limited
London & Scottish Property Investment Management Limited
Tel: +44 (0) 141 248 4155
Asset Manager to the Group
Tel: +44 (0) 20 7466 5000
Charles Ryland / Victoria Hayns / Henry Wilson
Regional REIT Limited ("Regional REIT" or the "Company") and its subsidiaries (the "Group") is a United Kingdom ("UK") based real estate investment trust that launched in November 2015. It is managed by London & Scottish Investments Limited ("LSI"), the Asset Manager, and Toscafund Asset Management LLP ("Tosca"), the Investment Manager.
Regional REIT's commercial property portfolio is comprised wholly of income producing UK assets and comprises, predominantly, offices and industrial units located in the regional centres outside of the M25 motorway. The portfolio is highly diversified, with 150 properties, 1,192 units and 874 tenants as at 31 December 2018, with a valuation of £718.4m.
Regional REIT pursues its investment objective by investing in, actively managing and disposing of regional core and core plus property assets. It aims to deliver an attractive total return to its Shareholders, targeting greater than 10% per annum, with a strong focus on income supported by additional capital growth prospects.
The Company's shares were admitted to the Official List of the UK's Financial Conduct Authority and to trading on the London Stock Exchange on 6 November 2015. For more information, please visit the Group's website at www.regionalreit.com.
ESMA Legal Entity Identifier ("LEI"): (549300D8G4NKlRIKBX73)
This document has been prepared solely to provide additional information to Shareholders to assess the Group's performance in relation to its operations and growth potential. The document should not be relied upon by any other party or for any other reason. Any forward looking statements made in this document are done so by the Directors in good faith based on the information available to them up to the time of their approval of this document. However, such statements should be treated with caution due to the inherent uncertainties, including both economic and business risk factors, underlying any such forward-looking information.
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