Empiric Student Property
plc
("Empiric" or the
"Company" or, together with
its subsidiaries, the "Group")
RESULTS OF ANNUAL GENERAL
MEETING
Empiric Student Property plc
(ticker: ESP), the owner and operator of premium, studio-led
student accommodation aligned to top-tier universities,
announces that all resolutions proposed at the
Company's Annual General Meeting held on 22 May 2024 were voted on
and duly passed by a poll by the Company's shareholders and the
results of the poll, including proxy votes received, are set out
below.
Resolutions 1 to 14 (inclusive) were proposed as ordinary
resolutions and resolutions 15 to 18 (inclusive) were proposed as
special resolutions.
|
RESOLUTION
|
FOR*
|
AGAINST
|
WITHHELD
VOTES**
|
|
|
VOTES
|
% OF VOTES
CAST*
|
VOTES
|
% OF VOTES
CAST*
|
|
|
1. To receive the
Company's Annual Report and Accounts for the financial year ended
31 December 2023
|
454,756,254
|
99.9953
|
21,586
|
0.0047
|
316,535
|
|
2. To approve the
Directors' Remuneration Report for the year ended 31 December
2023
|
415,178,567
|
91.2336
|
39,893,651
|
8.7664
|
22,157
|
|
3. To approve a
replacement Long Term Incentive Plan
|
448,055,710
|
98.4599
|
7,008,386
|
1.5401
|
30,279
|
|
4. To re-appoint BDO LLP
as Auditors of the Company
|
448,245,594
|
99.9837
|
73,251
|
0.0163
|
6,775,530
|
|
5. To authorise the
Directors to determine the remuneration of the Auditors
|
455,037,108
|
99.9880
|
54,458
|
0.0120
|
2,809
|
|
6. To authorise the
Directors to declare and pay all dividends as interim
dividends
|
454,246,539
|
99.9979
|
9,386
|
0.0021
|
838,450
|
|
7. To re-elect Mark Pain
as a Director of the Company
|
376,489,469
|
89.7282
|
43,099,394
|
10.2718
|
35,505,512
|
|
8. To elect Alice Avis
as a Director of the Company
|
449,974,665
|
98.8763
|
5,113,939
|
1.1237
|
5,771
|
|
9. To re-elect Duncan
Garrood as a Director of the Company
|
453,853,940
|
99.7288
|
1,234,265
|
0.2712
|
6,170
|
|
10. To re-elect Martin
Ratchford as a Director of the Company
|
449,976,986
|
98.8769
|
5,111,218
|
1.1231
|
6,171
|
|
11. To re-elect Clair
Preston-Beer as a Director of the Company
|
449,978,518
|
98.8771
|
5,110,086
|
1.1229
|
5,771
|
|
12. To re-elect Donald Grant
as a Director of the Company
|
451,298,409
|
99.1672
|
3,789,796
|
0.8328
|
6,170
|
|
13. To authorise the Directors
to allot shares under up to the limits set out in the Notice of
meeting
|
438,075,450
|
96.2616
|
17,013,152
|
3.7384
|
5,773
|
|
14. To approve the Company's
two-year Climate Strategy Plan.
|
328,749,307
|
74.7764
|
110,893,575
|
25.2236
|
15,451,493
|
|
15. Special Resolution - To authorise
the Directors to allot equity securities for cash, without making a
pre-emptive offer to shareholders, up to the limits set out in the
Notice of Meeting.
|
419,365,759
|
92.1576
|
35,687,126
|
7.8424
|
41,490
|
|
16.
Special Resolution To
authorise the Directors to allot equity securities for cash
in connection with a specified investment, without making a pre-emptive offer to shareholders, up to the
limits set out in the Notice of Meeting.
|
404,313,335
|
88.8814
|
50,577,677
|
11.1186
|
203,363
|
|
17. Special Resolution To authorise the
Company to make market purchases of own shares in the
Company
|
448,156,276
|
98.5026
|
6,812,633
|
1.4974
|
125,466
|
|
18. Special
resolution - That a general meeting
may be called on not less than 14 clear days' notice
|
437,621,390
|
96.1606
|
17,472,981
|
3.8394
|
4
|
* Includes discretionary
votes
** A vote withheld is not a vote in
law and is not counted in the calculation of the votes for or
against a resolution.
As at the date of the meeting, there
were 603,463,617 ordinary shares with voting rights in
issue. The Company does not hold any
shares in Treasury.
The Company was disappointed with
the outcome of resolution 14, regarding the advisory vote on its
two-year climate related commitments. We will shortly engage with
shareholders to better understand the votes received against this
resolution.
In accordance with Listing Rule
9.6.2(R), a copy of the resolutions passed at the Annual General
Meeting, other than those constituting ordinary business, will be
available for inspection on the National Storage Mechanism
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
ENDS
FOR
FURTHER INFORMATION ON THE COMPANY, PLEASE
CONTACT:
|
Empiric Student Property plc
|
(via FTI Consulting
below)
|
|
Duncan Garrood (Chief Executive
Officer)
|
|
|
Donald Grant (Chief Financial &
Sustainability Officer)
|
|
|
|
|
|
|
|
|
FTI
Consulting (Communications Adviser)
|
020 3727 1000
|
|
Dido Laurimore
Eve Kirmatzis
|
empiric@fticonsulting.com
|
The Company's LEI is
213800FPF38IBPRFPU87.
Further information on Empiric can
be found on the Company's website at www.empiric.co.uk.
Notes:
Empiric Student Property plc is a
leading provider and operator of modern, predominantly direct-let,
premium student accommodation serving key UK universities.
Investing in both operating and development assets, Empiric is a
fully integrated operational student property business focused on
premium studio-led accommodation managed through its Hello Student
operating platform, that is attractive to affluent growing student
segments.
The Company, an internally managed
real estate investment trust ("REIT") incorporated in England and
Wales, listed on the premium listing segment of the Official List
of the Financial Conduct Authority and was admitted to trading on
the main market for listed securities of the London Stock Exchange
in June 2014. The Company is classified as a commercial company
listed under chapter 6 of the UK Listing rules and as such is not
an alternative investment fund ("AIF") for the purposes of the
Alternative Investment Fund Managers Directive ("AIFMD") and is not
required to provide investors with a Key information Document
("KID") in accordance with the Packaged Retail and Insurance-based
Investment Products ("PRIIPs") regulations.