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STARWOOD EUROPEAN REAL ESTATE FINANCE LTD (FRA:GG00B79W) SWEF: Result of AGM & EGM

Directive transparence : information réglementée

15/05/2019 16:38

Starwood European Real Estate Finance Ltd (SWEF)
SWEF: Result of AGM & EGM

15-May-2019 / 15:38 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


15 May 2019

 

 

Starwood European Real Estate Finance Limited

 

Results of Sixth Annual General Meeting and Extraordinary General Meeting

 

The Board of Starwood European Real Estate Finance Limited announces that, at the Sixth Annual General Meeting of the Company held on Wednesday, 15 May 2019, the resolutions put to the meeting were approved by shareholders on a show of hands.

 

Details of the proxy votes lodged are set out below:

 

Ordinary Resolution

For*

Against

Withheld**

  1. To receive the Annual Report and Consolidated Financial Statements for the period ended 31 December 2018.

238,730,180

0

2,678,000

  1. To approve the Directors' Remuneration Report for the period ended 31 December 2018.

238,396,193

333,986

2,678,000

  1. To re-elect as a Director of the Company, Stephen Smith.

214,185,470

10,073,781

17,148,928

  1. To re-elect as a Director of the Company, John Whittle.

239,610,099

1,798,081

0

  1. To re-elect as a Director of the Company, Jonathan Bridel.

232,039,283

9,368,897

0

  1. To re-appoint PricewaterhouseCoopers LLP as Auditors of the Company.

241,028,190

354,989

25,000

  1. To authorise the Directors to agree the remuneration of the Auditors.

241,400,680

0

7,500

  1. To approve the Company's dividend policy.

241,408,180

0

0

 

 

 

 

Special Resolution

For*

Against

Withheld**

  1. To authorise the Directors to allot shares (equal to 10% of the Ordinary shares )

237,402,306

4,005,874

0

  1. To authorise the Directors to disapply Pre-Emption Rights (up to a maximum of 10% of the Ordinary Shares)

213,777,065

27,631,115

0

  1. To authorise the Company to make market purchases of its own shares.

238,716,677

2,691,503

0

 

The Board notes the number of votes received against Resolution 10 at the AGM, in relation to the dis-application of pre-emption rights (in respect of the allotment of shares proposed by Resolution 9).  The Board is aware of the Pre-Emption Group's views in general about the granting of certain disapplication authorities.  The Board had set out its rationale for Resolution 10 for the Company in the Notice of Annual General Meeting.  However, the Board notes the votes against the resolution and will continue to engage with shareholders in order to understand their views in relation to the specific authority sought.

 

 

The full text of the resolutions may be found in the Notice of Sixth Annual General Meeting contained in the Shareholder Document dated 25 March 2019, copies of which are available on both the Company's website www.starwoodeuropeanfinance.com and on the National Storage Mechanism www.morningstar.co.uk/uk/NSM***

 

 

*  Includes discretionary votes received

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

*** Neither the NSM website nor the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement

 

Extraordinary General Meeting

 

The Board further notes that following the successful completion of the recent issue of new ordinary shares under a placing and for the reasons announced on 7 May 2019, the resolutions proposed at the Extraordinary General Meeting were not put to the meeting and the meeting was adjourned indefinitely.

 

Enquiries:

 

Apex Fund and Corporate Services (Guernsey) Limited Dave Taylor 01481 735879

 

 

Notes:

 

Starwood European Real Estate Finance Limited is an investment company listed on the main market of the London Stock Exchange with an investment objective to provide Shareholders with regular dividends and an attractive total return while limiting downside risk, through the origination, execution, acquisition and servicing of a diversified portfolio of real estate debt investments in the UK and the wider European Union's internal market. www.starwoodeuropeanfinance.com.

 

The Group is the largest London-listed vehicle to provide investors with pure play exposure to real estate lending.

 

The Group's assets are managed by Starwood European Finance Partners Limited, an indirect wholly-owned subsidiary of the Starwood Capital Group.

 



ISIN: GG00B79WC100
Category Code: ROM
TIDM: SWEF
LEI Code: 5493004YMVUQ9Z7JGZ50
Sequence No.: 8652
EQS News ID: 811869

 
End of Announcement EQS News Service

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