Highcroft Investments PLC Result of AGM (3627N)

TIDMHCFT

RNS Number : 3627N

Highcroft Investments PLC

15 May 2015

Highcroft Investments plc

(the "Company" or "Highcroft")

Results of the Annual General Meeting held on 15 May 2015

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. Resolution 1 was proposed as a special resolution and resolutions 2 to 8 as ordinary resolutions. 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, as updated in May 2014, 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 resolution 5 only, the voting by by the Independent Shareholders (which excludes the voting interest of the Kingerlee Concert Party, as controlling shareholder, holding 2,171,519 ordinary shares which represents 42% of the issued ordinary share capital of the Company).

 
                                         In favour         Against 
    ------------------------------  ------------------  -------------  --------- 
     RESOLUTION                        Votes     %age    Votes   %age   WITHHELD 
    ------------------------------  ----------  ------  ------  -----  --------- 
     THAT a General Meeting 
      of the Company (other 
      than an Annual General 
      Meeting) may be called 
      on not less than 
 1    14 days' notice.               2,566,580     100     100      -          - 
    ------------------------------  ----------  ------  ------  -----  --------- 
     To receive and consider 
      the report and financial 
      statements for the 
      year ended 31 December 
 2    2014.                          2,566,680     100       -      -          - 
    ------------------------------  ----------  ------  ------  -----  --------- 
     To approve a final 
      property income distribution 
      of 22.75p per share 
      on the ordinary shares 
      of the Company for 
      the year ended 31 
      December 2014 to 
      be paid on 5 June 
      2015 to shareholders 
      on the register of 
      members on 8 May 
 3    2015.                          2,566,680     100       -      -          - 
    ------------------------------  ----------  ------  ------  -----  --------- 
     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 
 4    December 2014.                 2,566,080   99.98     600   0.02          - 
    ------------------------------  ----------  ------  ------  -----  --------- 
     To re-elect John 
      Hewitt as a director 
 5    of the company.                2,566,680     100       -      -          - 
    ------------------------------  ----------  ------  ------  -----  --------- 
     To re-elect Simon 
      Gill as a director 
 6    of the company.                2,566,180   99.98     500   0.02          - 
    ------------------------------  ----------  ------  ------  -----  --------- 
     To re-elect David 
      Kingerlee as a director 
 7    of the company.                2,566,680     100       -      -          - 
    ------------------------------  ----------  ------  ------  -----  --------- 
     To re-appoint Grant 
      Thornton UK 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 and to authorise 
      the directors to 
      fix the remuneration 
      of the auditor for 
 8    the ensuing year.              2,566,180   99.98     500   0.02          - 
    ------------------------------  ----------  ------  ------  -----  ---------

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

 
                               In favour        Against 
    ----------------------  ---------------  -------------  --------- 
     RESOLUTION               Votes    %age   Votes   %age   WITHHELD 
    ----------------------  --------  -----  ------  -----  --------- 
     To re-elect John 
      Hewitt as a director 
 5    of the company.        574,011    100       -      -          - 
    ----------------------  --------  -----  ------  -----  ---------

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

John Hewitt/Roberta Miles 01865 840023

Charles Stanley Securities

Dugald J. Carlean / Karri Vuori 0207 149 6000

This information is provided by RNS

The company news service from the London Stock Exchange

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