Business
Results of Adjourned General Meeting
Results of Adjourned General Meeting.
About this update from Abrdn Property Income Trust Limited
[{"type":"text","content":"\n\n \n \n \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.\n \n19 March 2024\n \nCustodian Property Income REIT plc\n \n(\"CREI\" or \"the Company\")\n \nResults of Adjourned General Meeting\nin connection with recommended all-share merger with abrdn Property Income Trust Limited (\"API\") (the \"Recommended Merger\")\n \n \nCustodian Property Income REIT plc (LSE: CREI), which seeks to deliver an enhanced income return by investing in a diversified portfolio of smaller, regional properties with strong income characteristics across the UK, is pleased to announce that, following the adjourned CREI General Meeting held earlier today in connection with the Recommended Merger, the CREI Resolution was passed on a poll. \n \nThe text of the resolution can be found in the Notice of adjourned General Meeting dated 8 March 2024, which can be found on the Company's website (custodianreit.com).\n \nCommenting on the results, David MacLellan, Chairman of CREI said:\n \n\"The Board is pleased with the outcome of the vote, which demonstrated a very strong support from the CREI shareholders and further derisks the execution of the Recommended Merger. The Board encourages the API shareholders to vote in favour of the Scheme at the API Court Meeting and API General Meeting, on 27 March 2024.\"\n \nA summary of the results of the poll are set out below:\n \n\n\n\n\n\n\n\nResolution\n\n\nVotes for\n\n\n% of votes cast\n\n\nVotes against\n\n\n% of votes cast\n\n\nTotal votes cast\n\n\nVotes cast as a % of ISC*\n\n\nVotes withheld**\n\n\n\n\nORDINARY RESOLUTION\n\n\n\n\n\n\n\nThat the directors are authorised to allot shares in the company or grant rights to\nsubscribe for or convert any security into shares in the Company in connection with the Recommended Merger\n\n\n146,653,139\n\n\n97.9%\n\n\n3,147,049\n\n\n2.1%\n\n\n149,800,188\n\n\n34.0%\n\n\n994,002\n\n\n\n\n \n*Turnout, based on total issued share capital (the \"ISC\") as at 19 March 2024.\n**The percentage of votes cast for and against excludes withheld votes.\n \nThe Recommended Merger is subject to approval by the API Sharehol...