HIGHCROFT INVESTMENTS PLC

AGM Information • Jun 10, 2020

National Storage Mechanism | Additional information

RNS Number : 5682P

Highcroft Investments PLC

10 June 2020

Annual General Meeting 2020

Highcroft Investments plc

(the "Company" or "Highcroft")

Results of the Annual General Meeting held on 10 June 2020

Highcroft announces that at its Annual General Meeting, which was held at 12.00 today, all the proposed resolutions were duly approved by the shareholders by way of a poll.   Resolutions 1 to 10 were proposed as ordinary resolutions and resolution 11 was proposed as a special resolution.  The voting results are set out below and are also available on the Company's website at www.highcroftplc.com. 

Under the Financial Conduct Authority's Listing Rules, because the Kingerlee Concert Party is classed as a "controlling shareholder" (defined as a person who exercises or controls, on  their own or together with any other person with whom they are acting in concert, 30% or more of the voting rights in the Company) a resolution for the election and re-election of independent directors must be approved by an ordinary resolution of, the shareholders and separately approved by, those shareholders who are not controlling shareholders (the "Independent Shareholders").

Accordingly the results below show the voting by all shareholders and, separately, on resolutions 4 and 8 only, the voting by the Independent Shareholders (which excludes the voting interest of the Kingerlee Concert Party, as controlling shareholder, holding 2,127,382 ordinary shares which represents 41.1% of the issued ordinary share capital of the Company).

		In favour		Against
	RESOLUTION	Votes	%age	Votes	%age	Withheld
---	---	---	---	---	---	---
1	To receive and consider the report and accounts for the year ended 31 December 2019.	1,933,225	100	0	0	2,500
2	To approve a final property income distribution of 27p per share on the ordinary shares of the Company for the year ended 31 December 2019 to be paid on 19 June 2020 to shareholders on the register of members on 15 May 2020.	1,933,225	100	0	0	2,500
3	In accordance with the Companies Act 2006, to approve, on an advisory only basis the directors' remuneration report, excluding the part containing the directors' remuneration policy, contained in the annual report for the year ended 31 December 2019.	1,933,225	99.87	2,500	0.13	0
4	To re-elect Charles Butler as a director of the Company.	1,933,225	99.87	2,500	0.13	0
5	To re-elect Simon Gill as a director of the Company.	1,933,225	100	0	0	2,500
6	To re-elect David Kingerlee as a director of the Company.	1,933,225	100	0	0	2,500
7	To re-elect Roberta Miles as a director of the Company.	1,933,225	100	0	0	2,500
8	To re-elect Simon Costa as a director of the Company.	1,933,225	99.87	2,500	0.13	0
9	To re- appoint Mazars LLP as auditor to hold office from the conclusion of the meeting to the conclusion of the next meeting at which accounts are laid before the Company.	1,933,225	100	0	0	2,500
10	To authorise the board to fix the appointment of the auditor for the ensuing year.	1,933,225	100	0	0	2,500
11	That a General Meeting of the Company (other than an Annual General Meeting) may be called on not less than 14 days' notice.	1,933,225	100	0	0	2,500

Votes of Independent Shareholders (excluding the voting interest of the Kingerlee Concert Party)

		In favour		Against
	RESOLUTION	Votes	%age	Votes	%age	Withheld
4	To re-elect Charles Butler as a director of the Company.	109,685	97.77	2,500	2.23	0
8	To re-elect Simon Costa as a director of the Company.	109,685	97.77	2,500	2.23	0

Notes:

(a) The votes in favour include those votes giving the Chairman discretion.

(b) A vote withheld is not a vote in law and is not counted in the votes for or against a resolution.

Enquiries:

Highcroft Investments PLC

Charles Butler/Roberta Miles 01865 840023

N+1 Singer Peter Steel / Amanda Gray - Corporate Finance Tom Salvesen - Corporate Broking

020 7496 3000

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

RAGBDGDLRUBDGGG