GROUND RENTS INCOME FUND PLC

AGM Information • Mar 31, 2021

National Storage Mechanism | Additional information

RNS Number : 1949U

Ground Rents Income Fund PLC

31 March 2021

31 March 2021

Annual General Meeting

Ground Rents Income Fund plc (the "Company") announces that a poll was held on each of the resolutions proposed at the Annual General Meeting ("AGM") on Wednesday, 31 March 2021. All the resolutions passed. The results of the poll are:

	Resolution	For	%	Against	%	Withheld	Total % of Voting Capital voted (Including Withheld)
1	To receive the Annual Report and Financial Statements	42,414,662	100.00	0	0	0	43.65
2	To approve the directors' remuneration policy	32,811,508	77.40	9,583,154	22.64	20,000	43.65
3	To approve the directors' remuneration report	42,386,621	99.98	8,041	0.02	20,000	43.65
4	To elect Barry Gilbertson	42,412,424	99.99	2,238	0.01	0	43.65
5	To re-elect Paul Craig	34,338,392	80.96	8,076,270	19.07	0	43.65
6	To re-elect Bill Holland	34,338,392	80.96	8,076,270	19.07	0	43.65
7	To re-appoint PricewaterhouseCoopers LLP as Auditor	42,406,879	100.00	441	0.01	7,342	43.65
8	To give directors authority to determine the auditor's remuneration	42,409,389	100.00	441	0.01	4,832	43.65
9	To approve the Company's dividend policy	42,414,221	100.00	441	0.01	0	43.65
10	To increase the director fee cap from £100,000 to £150,000	32,015,951	75.50	10,387,211	24.53	11,500	43.65
11	To renew the authority to allot shares	42,360,969	99.87	53,693	0.13	0	43.65
12	To disapply pre-emption rights (special resolution)	34,248,666	80.81	8,134,496	19.22	31,500	43.65
13	To renew the authority to purchase own shares (special resolution)	42,412,152	99.99	2,510	0.01	0	43.65

*Resolutions 12 and 13 were passed as special resolutions.  Copies of resolutions 10, 11, 12 and 13 will be filed at Companies House.

The Board notes the significant number of votes cast against certain resolutions and will be engaging with shareholders to understand the reasons for these, the conclusions of which will be detailed in either a further RNS announcement, or in the 2021 Half Year Report.

Shareholders are entitled to one vote per share. Votes withheld are not a vote in law and are therefore not counted in the calculation of the percentages of the votes cast for and against a resolution. Where shareholders appointed the Chairman as their proxy with discretion as to voting, their votes were cast in favour of the resolutions and their shares have been included in the "votes for" column.

Please note a 'vote withheld' is not a vote under English law and is not counted in the calculation of votes 'for' or 'against' a resolution.

The total number of ordinary shares of 50p each in issue is 97,006,497. The total number of voting rights is: 97,006,497.

A copy of the resolutions passed at today's AGM will be available for inspection on the Company's website at http://www.groundrentsincomefund.com               

Enquiries:

Matthew Riley

Schroder Investment Management Limited                                             

020 7658 6596

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