(Registered in Guernsey)
(Registration number 64865)
LSE share code: STP JSE share code: STP
("Stenprop" or the "Company")
RESULTS OF GENERAL MEETING
19 February 2020
Shareholders are referred to the announcement released on RNS and SENS on Wednesday 18 December 2019 and to the circular issued to shareholders dated 27 January 2020 (the "circular") relating to the proposed disposal of the property known as Bleichenhof in Hamburg, Germany (the "transaction"), and incorporating a notice of general meeting.
Unless otherwise defined, words defined in the circular bear the same meaning in this announcement. Shareholders are referred to the notice of general meeting attached to the circular for details of the resolutions referred to below.
Shareholders are advised that at the general meeting of Stenprop shareholders held on Wednesday, 19 February 2020 (the "general meeting"), all resolutions required to be passed by Stenprop shareholders in order to approve the transaction were passed by the requisite majority of shareholders.
Details of the results of voting at the general meeting are as follows:
- total number of Stenprop shares in issue: 298,775,175;
- total number of Stenprop shares that could have been voted at the general meeting, excluding 14,542,867 treasury shares: 284,232,308; and
- total number of Stenprop shares that were present/represented at the general meeting: 94,086,334, being 33.10% of the total number of Stenprop shares that could have been voted at the general meeting.
Ordinary resolution 1: Disposal of Bleichenhof property
94,028,657, being 31.47%
94,028,657, being 100%
57,677, being 0.02%
Ordinary resolution 2: Authority to give effect to resolutions
94,020,143, being 31.47%
94,020,143, being 100%
66,191, being 0.02%
* shares voted (excluding abstentions) in relation to total shares in issue
^ in relation to total shares in issue
For further information:
Stenprop Limited 44(0)20 3918 6600
Numis Securities Limited (Financial Adviser) 44(0)20 7260 1000
Tavistock (PR Adviser) 44(0)20 7920 3150
Java Capital Trustees and Sponsors Proprietary Limited 27 (0)11 722 3050
Stenprop is a Guernsey-registered UK REIT. The objective of the Company is to deliver sustainable growing income to its investors. Stenprop's investment policy is to invest in a diversified portfolio of UK multi-let industrial (MLI) properties with the strategic goal of becoming the leading MLI business in the UK. For further information, go to www.stenprop.com.