Ground Rents Income Fund PLC · LSE:GRIO
Ground Rents Income Fund — Shareholder Meeting (March 2024)
8 slides from Ground Rents Income Fund's shareholder meeting presentation, Mar 11, 2024
Slide 1: AGM presentation
AGM presentation Ground Rents Income Fund plc (“GRIO” or “the Company") 11 March 2024
Slide 2: Notice of Annual General Meeting: Summary
Notice of Annual General Meeting Summary – Annual report and accounts to 30 September 2023 - The Company has delayed the release of its accounts from early 2024 to during the quarter ending 30 June 2024. This extension has been approved by Companies House and The International Stock Exchange Authori
Slide 3: Notice of Annual General Meeting: Explanation of resolutions
Notice of Annual General Meeting Explanation of resolutions – Resolutions 1 to 4 - These resolutions invite Shareholders to re-elect each of the Directors for another year. – Resolution 5 - The Directors are seeking authority to allot a limited number of unissued Ordinary Shares for cash without fir
Slide 4: Disposal of student ground rent assets
Disposal of student ground rent assets Summary – On 22 February 2024, the Company completed the sale of its freehold ground rent assets in Bristol and Exeter, for a combined price of £3.45 million. – The assets generate annual rent of £113,991 and are operated by Vita Student ('Vita') as purpose bui
Slide 5: Summary: Key points and next steps
Summary Key points and next steps – The Company continues to work tirelessly to address headwinds arising from leasehold Outcome and timing of and building safety reform, whilst also demonstrating best-in-class residential asset further legislative change management. Against this challenging operati
Slide 6: Important Information
Important Information Marketing material for professional investors or advisers only. Past performance is not a guide to future performance and may not be repeated. The value of investments and the income from them may go down as well as up and investors may not get back the amount originally invest
Slide 7: Important Information: Risk Factors
Important Information Ground Rents Income Fund Plc – Risk Factors: The Company borrows for investment purposes. This will magnify any gains or losses made by the Company. The Company has no maturity date. The Company may only be terminated by a continuation vote, a shareholders’ voluntary liquidatio
Slide 8: Chris Leek, Investment Manager
Chris Leek Investment Manager T +44 (0)7970 951 607 M +44 (0)207 658 6027 Chris.leek@schroders.com Schroder Real Estate Investment Management Limited 2 St Peters Square, Manchester, M2 3AA schroders.com
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