REG - Home REIT PLC - Result of General Meeting

Home ReitAnnouncement

21/08/2023 14:30

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RNS Number : 9639J  Home REIT PLC  21 August 2023

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FOR IMMEDIATE RELEASE

 

21 August 2023

Home REIT plc

 

("Home REIT" or the "Company")

 

Result of General Meeting

Home REIT plc (the "Company") announces that, at the General Meeting (the
"GM") of the Company held today, resolution 1 as set out in the Notice of
General Meeting was duly passed on a poll.

Following approval by Shareholders of the new investment policy, and further
to the Company's announcement of 23 May 2023, the Board is pleased to announce
that AEW UK Investment Management LLP has been appointed as the Company's AIFM
and Investment Manager with immediate effect. Alvarium Fund Managers (UK)
Limited has today ceased to act as AIFM.

The poll result was:

    Resolution                                                                      Votes For (including discretionary)  %      Votes Against  %     Votes Withheld  % of Issued Share Capital  Voted
 1  That the proposed investment policy is adopted as the investment policy of the  558,771,343                          99.98  86,264         0.02  13,519          70.69
    Company to the exclusion of the existing investment policy of the Company

Shareholders are entitled to one vote per share. Votes withheld are not a vote
in law and are therefore not counted in the calculation of the percentages of
the votes cast for and against a resolution. Where shareholders appointed the
Chair as their proxy with discretion as to voting, their votes were cast in
favour of resolution 1 and their shares have been included in the "votes for"
column.

The total number of ordinary shares of GBP 0.01p each in issue is 790,570,465.
The total number of voting rights is: 790,570,465.

Lynne Fennah, Chair of Home REIT plc, said: "Shareholders have overwhelmingly
supported our proposal and we can now focus on our continuing work with AEW to
maximise value. AEW's appointment as the Company's Investment Manager and AIFM
is an important step. Following the Company's announcement of AEW's
appointment as Property Adviser on 23 May 2023, AEW has begun several critical
workstreams to stabilise the Company's property portfolio and maintain its
mission of providing accommodation to vulnerable people."

Nick Winsley, Head of AEW UK, said: "Today's result will allow us to continue
to execute our stabilisation strategy for the Company's portfolio. Protecting
the interests of all of Home REIT's stakeholders remains at the forefront of
our agenda."

Capitalised terms used in this announcement shall, unless otherwise defined,
have the same meanings as set out in the Notice of General Meeting.

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

 For Home REIT:

 Smith Square Partners (Financial Adviser)  +44 (0)20 3696 7260

 John Craven

 Toby Rolls

 

 FTI Consulting (Communications Adviser)  HomeREIT@fticonsulting.com

 Dido Laurimore                           +44 (0)20 3727 1000

 Eve Kirmatzis

 Ellie Perham-Marchant

 Oliver Harrison

 For AEW:

 AEW
 Stefano Bassi, AEW                       stefano.bassi@eu.aew.com

 FTI Consulting
 Richard Sunderland                       richard.sunderland@fticonsulting.com

 

 

The Company's LEI is: 213800A53AOVH3FCGG44.

 

For more information, please visit the Company's website: www.homereituk.com
(http://www.homereituk.com/)

 

Disclaimer

 

Smith Square Partners LLP ("Smith Square"), which is authorised and regulated
in the United Kingdom by the Financial Conduct Authority, is acting for Home
REIT and no one else in connection with the matters set out in this
Announcement. In connection with such matters, Smith Square will not regard
any other person as its client and will not be responsible to any persons
other than Home REIT for providing the protections afforded to clients of
Smith Square, or for providing advice in relation to the contents of this
announcement or any other matter referred to herein. Smith Square does not owe
or accept any duty, liability or responsibility whatsoever (whether direct,
indirect, consequential, whether in contract, in tort, under statute or
otherwise) to any person who is not a client of Smith Square in connection
with this announcement, in any statement contained herein or otherwise.

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