RESIDENTIAL SECURE INCOME PLC

AGM Information • Dec 13, 2017

National Storage Mechanism | Additional information

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RNS Number : 2898Z

Residential Secure Income PLC

13 December 2017

13 December 2017

Residential Secure Income plc

("ReSI" or the "Company")

LEI: 213800D24WA531LAR763

Result of Annual General Meeting

Residential Secure Income plc, announces that at the Company's Annual General Meeting held today, all resolutions were passed on a show of hands.

Resolutions 1 to 7 (inclusive) were proposed as ordinary resolutions and resolutions 8 to 10 (inclusive) were proposed as special resolutions. The proxy votes received prior to the meeting were as follows:

Resolution		Votes For*	%	Votes Against	%	Total votes validly cast	Total votes cast as % of issued share capital	Votes Withheld**
1	To elect Rt. Hon Baroness Dean of Thornton Le Fylde as a Director of the Company	59,551,187	100	0	0	59,551,187	33.04%	4,000
2	To elect John Carleton as a Director of the Company	59,551,187	100	0	0	59,551,187	33.04%	4,000
3	To elect Robert Gray as a Director of the Company	59,551,187	100	0	0	59,551,187	33.04%	4,000
4	To elect Robert Whiteman as a Director of the Company	59,550,187	99.99	1,000	0.01	59,551,187	33.04%	4,000
5	To appoint BDO LLP as Auditors of the Company, to hold office until the conclusion of the next General Meeting at which accounts are laid before the Company	47,552,187	100	0	0	47,552,187	26.39%	12,003,000
6	To authorise the Audit Committee to determine the remuneration of the Auditors	59,551,187	99.99	1,000	0.01	59,552,187	33.05%	3,000
7	To authorise the Directors to allot shares	59,555,187	100	0	0	59,555,187	33.05%	0
8	Disapplication of pre-emption rights	52,267,200	87.77	7,284,987	12.23	59,552,187	33.05%	3,000
9	Authority to purchase the Company's own shares	59,555,187	100	0	0	59,555,187	33.05%	0
10	Notice period of general meetings other than annual general meetings	59,551,187	100	0	0	59,551,187	33.04%	4,000

* Includes discretionary votes

** A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.

Every shareholder has one vote for every Ordinary Share held.   As at 13 December 2017, the share capital of the Company consisted of 180,213,287 Ordinary Shares with voting rights.  The Company does not hold any shares in Treasury.

In accordance with Listing Rule 9.6.2 copies of all the resolutions passed, other than ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at: http://www.morningstar.co.uk/uk/nsm

Notes:

Residential Secure Income plc (LSE: RESI) is listed on the premium segment of the Official List of the UK Listing Authority and was admitted to trading on the Main Market of the London Stock Exchange in July 2017.

ReSI has been established to invest in portfolios of Homes across residential asset classes that comprise the stock of Housing Associations and Local Authorities, comprising Shared Ownership Homes and Rental Homes (being Market Rental Homes, Functional Homes and Sub-Market Rental Homes) throughout the UK.

ReSI is managed by ReSI Capital Management Limited, a wholly owned subsidiary of TradeRisks Limited which has a 16 year track record of executing transactions within the UK social housing sector and, to date, has arranged funding of over £10 billion in the social housing, care and other specialist residential property sectors.

ReSI seeks to deliver secure, long-dated, inflation-linked income returns through investment in UK social housing. It aims to meet demand from Housing Associations and Local Authorities for alternative equity-like financing sources that allows them to recycle capital back into socially and economically beneficial new housing, making a meaningful contribution to the UK housing shortage.

Homes acquired by ReSI will predominantly be on a freehold or long leasehold basis (typically 99 years or more to maturity) and benefit from long term (typically 20 years plus) inflation-adjusted cash flows. Acquisitions by ReSI will be limited to Homes with sufficient cashflows, counterparty credit quality and property security that allow the Fund Manager to arrange long-term investment grade equivalent debt.

ReSI is targeting, on a fully invested and geared basis, a dividend yield of 5% per annum based on the issue price of 100 pence per Ordinary Share, which ReSI expects to increase broadly in line with inflation, and a total return in excess of 8% per annum1.

1. This is a target only and not a profit forecast and there can be no assurance that it will be met.

Further information on ReSI is available at www.resi-reit.com 

This information is provided by RNS

The company news service from the London Stock Exchange

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