SCHRODER EUROPEAN REAL ESTATE INVESTMENT TRUST PLC
Annual General Meeting
Schroder European Real Estate Investment Trust plc announces that, at the Annual General Meeting, held on Monday, 17 March 2025, a poll was held on each of the resolutions proposed in the Notice of Meeting and each resolution was duly passed.
The results of the poll were as follows:
| | Resolution | Votes for (including discretionary) | % | Votes against | % | Votes total | % I.S.C. voted** | Votes withheld |
| 01. | To receive the Report of the Directors and the audited accounts | 36,557,866 | 99.94 | 20,523 | 0.06 | 36,578,389 | 27.63 | 240,257 |
| 02. | To approve the Directors' Remuneration Policy. | 36,218,287 | 99.21 | 287,763 | 0.79 | 36,506,050 | 27.57 | 312,596 |
| 03. | To approve the Directors' Remuneration Report | 36,220,385 | 99.30 | 256,014 | 0.70 | 36,476,399 | 27.55 | 342,247 |
| 04. | To re-elect Sir Julian Berney Bt. | 27,007,901 | 73.88 | 9,546,779 | 26.12 | 36,554,680 | 27.61 | 263,966 |
| 05. | To re-elect Mark Beddy | 26,747,752 | 73.12 | 9,832,178 | 26.88 | 36,579,930 | 27.63 | 238,716 |
| 06. | To re-elect Elizabeth Edwards | 27,945,175 | 76.39 | 8,634,755 | 23.61 | 36,579,930 | 27.63 | 238,716 |
| 07. | To appoint Ernst & Young LLP | 36,468,167 | 99.69 | 111,763 | 0.31 | 36,579,930 | 27.63 | 238,716 |
| 08. | To authorise the Directors to determine the remuneration of the Auditors to the Company | 36,531,399 | 99.90 | 37,971 | 0.10 | 36,569,370 | 27.62 | 249,276 |
| 09. | To approve the Company's dividend policy | 36,577,093 | 99.98 | 6,537 | 0.02 | 36,583,630 | 27.63 | 235,016 |
| 10. | To renew the authority to allot shares* | 36,375,702 | 99.48 | 189,743 | 0.52 | 36,565,445 | 27.62 | 253,201 |
| 11. | To approve the disapplication of pre-emption rights* | 36,154,334 | 98.90 | 400,551 | 1.10 | 36,554,885 | 27.61 | 263,761 |
| 12. | To renew the authority to purchase own shares* | 36,523,111 | 99.81 | 68,505 | 0.19 | 36,591,616 | 27.64 | 227,030 |
| 13. | To approve a general meeting, other than annual general meeting, may be called on not less than 14 clear days notice* | 35,890,048 | 98.15 | 676,685 | 1.85 | 36,566,733 | 27.62 | 251,913 |
*Resolutions 11 to 13 were passed as special resolutions. Copies of resolutions 10, 11, 12 and 13 will be filed at Companies House.
**Issued share capital excluding treasury shares.
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.
On the date of this announcement, the Company has a total of 133,734,686 ordinary shares of 10p each in issue, with 1,413,400 of those shares held in Treasury. The total number of voting rights is 132,321,286.
The Board would like to thank shareholders for their engagement and support ahead of the AGM and throughout the year. While most of the resolutions were passed with significant majorities in favour, the Board notes that resolutions 4, 5 and 6 passed with majorities of less than 80.0%. Pursuant to provision 4 of the Association of Investment Companies' Corporate Governance Code (as also set out in the UK Corporate Governance Code), the Board therefore undertakes to seek to engage with the concerned shareholders in respect of these resolutions to ensure their views are understood. A further update as to the outcome of any engagement will be provided within six months of this AGM and will be reported in the next annual report.
In accordance with UK Listing Rule 6.4.2, a copy of the resolutions passed, other than resolutions concerning ordinary business, at today's AGM will be submitted to the National Storage Mechanism and will be available for inspection at National Storage Mechanism | FCA.
Enquiries:
Jeff O'Dwyer
Schroder Real Estate Investment Management Limited Tel: 020 7658 6000
Natalia de Sousa
Schroder Investment Management Limited Tel: 020 7658 6000
Dido Laurimore/Richard Gotla/Ollie Parsons
FTI Consulting Tel: 020 3727 1000
The Company has a primary listing on the London Stock Exchange and a secondary listing on the JSE Limited.
JSE Sponsor
PSG Capital
The announcement above has also been released on the SENS system of the Johannesburg Stock Exchange.
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