Result of AGM
Updated : 12:36
Phoenix Spree Deutschland Limited
(the "Company" or "PSDL")
Results of the Annual General Meeting
Phoenix Spree Deutschland Limited (LSE: PSDL.LN), the UK listed investment company specialising in German residential real estate, today announces that all resolutions put to the annual general meeting ("AGM") held today, Friday 29 May 2020, at the registered office of the Company were duly passed by shareholders on a poll.
Total proxy votes of 50,663,081 were received. Details of the proxy votes received in respect of each resolution are noted as follows:
Summary Resolutions* | For / Discretionary1 | % | Against | % | Withheld |
1. Ordinary Resolution: THAT the audited annual report and financial statements of the Company for the year ended 31 December 2019, together with the report of the directors and report of the auditors be received and adopted. | 50,622,544 | 99.92 | 40,537 | 0.08 | 0 |
2. Ordinary Resolution: THAT the Directors' remuneration report (excluding the Directors' remuneration policy set out therein) for the year ended 31 December 2019 be approved. | 50,585,640 | 99.86 | 72,441 | 0.14 | 5,000 |
3. Ordinary Resolution: THAT the Directors' remuneration policy for the year ended 31 December 2019 be approved. | 50,064,599 | 98.83 | 591,282 | 1.17 | 7,200 |
4. Ordinary Resolution: THAT Robert Hingley be re-elected as a director of the Company. | 50,573,181 | 99.87 | 67,339 | 0.13 | 22,500 |
5. Ordinary Resolution: THAT Jonathan Thompson be re-elected as a director of the Company. | 50,600,044 | 99.92 | 40,537 | 0.08 | 22,500 |
6. Ordinary Resolution: THAT Monique O'Keefe be re-elected as a director of the Company. | 50,600,044 | 99.92 | 40,537 | 0.08 | 22,500 |
7. Ordinary Resolution: THAT Quentin Spicer be re-elected as a director of the Company. | 50,600,044 | 99.92 | 40,537 | 0.08 | 22,500 |
8. Ordinary Resolution: THAT RSM UK Audit LLP be re-appointed as auditors to the Company. | 50,602,551 | 99.92 | 40,537 | 0.08 | 19,993 |
9. Ordinary Resolution: THAT the Audit Committee be authorised to determine the remuneration of RSM UK Audit LLP. | 50,622,237 | 99.92 | 40,537 | 0.08 | 307 |
10. Ordinary Resolution: THAT the Company be authorised to cancel or hold Ordinary Shares purchased pursuant to the authority granted. | 50,605,304 | 99.89 | 57,777 | 0.11 | 0 |
11. Ordinary Resolution: THAT the Company shall continue as a closed-ended investment Company. | 50,035,602 | 98.77 | 622,479 | 1.23 | 5,000 |
12. Special Resolution: THAT the Company be generally and unconditionally authorised to make market purchases of up to 15,102,636 Ordinary Shares. | 50,553,616 | 99.78 | 109,465 | 0.22 | 0 |
13. Special Resolution: THAT the Directors be authorised to allot and issue up to 10,075,141 Ordinary Shares, as if pre-emption rights in the articles did not apply.
| 50,594,951 | 99.88 | 63,130 | 0.12 | 5,000 |
1Any proxy appointments which gave discretion to the Chair of the AGM or a third party were voted for the resolution.
*The full text of the resolutions may be found in the notice of the AGM, a copy of which is available on both the Company's website www.phoenixspree.com and on the National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
In accordance with Listing Rule 9.6.2, the full text of the special resolutions passed at the AGM has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Legal Entity Identifier: 213800OR6IIJPG98AG39
For further information, please contact:
Phoenix Spree Deutschland Limited +44 (0)20 3937 8760
Stuart Young
Numis Securities Limited (Corporate Broker) +44 (0)20 3100 2222
David Benda
Tulchan Communications (Financial PR) +44 (0)20 7353 4200
Elizabeth Snow
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