Business
Posting of Circular and Notice of General Meeting
Posting of Circular and Notice of General Meeting.
About this update from Kcr Residential Reit Plc
[{"type":"text","content":"\n\n26 June 2025\nKCR Residential REIT plc\n \n(\"KCR\" or the \"Company\")\n \nPosting of Circular\nand\nNotice of General Meeting\n \nFurther to the Company's announcement of 18 June 2025, KCR, the residential REIT group, announces that it will today be posting a circular (the \"Circular\") together with a proxy form to shareholders (or, where permitted, notifying shareholders of the availability of such documents on its website), convening a requisitioned general meeting (the \"General Meeting\").\n \nThe General Meeting will be held at the offices of Blake Morgan LLP, 6 New Street Square, London, EC4A 3DJ at 11:00 a.m. on 14 July 2025. where the following ordinary resolutions will be put to the meeting:\n \n1 THAT Mr. Russell Naylor be removed as Chief Executive Officer and as a Director of the Company.\n \n2 THAT Mr. James Thornton be removed as Chairman of the Board and as a Director of the Company.\n \n3 THAT Mr Richard Boon be removed as a Non-Executive Director of the Company.\n \n4 THAT Mr. Gordon Robinson be removed as a Non-Executive Director of the Company.\n \n5 THAT Mr Charles Vaughan be appointed as Chairman of the Board of the Company and a Director of the Company.\n \n6 THAT Mr Peter Dykes be appointed as Chief Executive Officer and a Director of the Company.\n \n7 THAT Mr Timothy James be appointed as a Non-Executive Director of the Company.\n \n8 THAT Mr Nishith Malde be appointed as a Non-Executive Director of the Company.\n \n9 THAT the newly constituted Board of the Company initiates a full strategic review of its operations, financing, asset base and future direction with a view to setting out a clear and implementable strategy for shareholders to approve.\n \nThe Directors believe that the resolutions to be considered at the General Meeting are not in the best interests of the Company and its shareholders as a whole and are inconsistent with the rights of Torchlight Fund LP, the Company's majority shareholder, under the Company's articles of association and the Relationship Agreement referred to therein. Accordingly, they unanimously recommend tha...