Schroder European Real Estate Investment Trust plc recently held its Annual General Meeting (AGM) on March 18, 2024. During the meeting, several crucial resolutions were proposed and voted upon by the shareholders, reflecting the company’s financial performance and governance matters. Let’s delve into the key highlights and outcomes of the AGM.
The AGM witnessed significant shareholder participation, with votes cast on various resolutions pertaining to the company’s operations and governance. A detailed breakdown of the resolutions and their corresponding voting results is presented below:
| Resolution | Votes For | Votes Against | Votes Total | Votes Withheld |
|---|---|---|---|---|
| Receive the Report of the Directors and the audited accounts | 44,383,433 (99.94%) | 27,181 (0.06%) | 44,410,614 (33.21%) | 232,231 |
| Approve the Directors’ Remuneration Report | 43,813,333 (98.71%) | 572,931 (1.29%) | 44,386,264 (33.19%) | 256,581 |
| Re-elect Sir Julian Berney Bt. | 37,506,797 (95.53%) | 1,756,051 (4.47%) | 39,262,848 (29.36%) | 5,379,997 |
| Elect Mark Beddy | 44,100,976 (99.42%) | 258,175 (0.58%) | 44,359,151 (33.17%) | 283,694 |
| Re-elect Mark Patterson | 43,828,321 (98.80%) | 532,293 (1.20%) | 44,360,614 (33.17%) | 282,231 |
| Re-elect Elizabeth Edwards | 43,805,074 (98.75%) | 555,540 (1.25%) | 44,360,614 (33.17%) | 282,231 |
| Appoint Ernst & Young LLP | 44,278,359 (99.75%) | 109,405 (0.25%) | 44,387,764 (33.19%) | 255,081 |
| Authorise the Directors to determine the remuneration of the Auditors | 44,318,363 (99.80%) | 87,174 (0.20%) | 44,405,537 (33.20%) | 237,308 |
| Approve the Company’s dividend policy | 44,391,029 (99.94%) | 26,000 (0.06%) | 44,417,029 (33.21%) | 225,816 |
| Renew the authority to allot shares | 44,124,727 (99.41%) | 260,227 (0.59%) | 44,384,954 (33.19%) | 257,891 |
| Approve the disapplication of preemption rights | 43,898,973 (98.90%) | 488,791 (1.10%) | 44,387,764 (33.19%) | 255,081 |
| Renew the authority to purchase own shares | 44,357,913 (99.87%) | 59,116 (0.13%) | 44,417,029 (33.21%) | 225,816 |
| Approve a general meeting, other than AGM, may be called on not less than 14 clear days notice | 43,416,759 (97.77%) | 988,052 (2.23%) | 44,404,811 (33.20%) | 238,034 |
With a total of 133,734,686 ordinary shares in issue, each shareholder was entitled to one vote per share. Votes withheld, while not legally counted, signify shareholders’ reservations or abstentions on certain resolutions. Shareholders who appointed the Chairman as their proxy with voting discretion had their votes cast in favor of the resolutions.
The successful passing of crucial resolutions at Schroder European Real Estate Investment Trust plc’s AGM reflects shareholder confidence in the company’s financial management, governance practices, and strategic direction. The high level of participation and support for key initiatives such as board elections, financial reporting, and dividend policies signals a positive outlook among investors. Moving forward, these outcomes position the company well for continued growth and value creation for its shareholders.
This website uses cookies.
