RNS Number : 6731A

Stenprop Limited

13 September 2018

STENPROP LIMITED

(Registered in Guernsey)

(Registration number 64865)

LSE share code: STP    JSE share code: STP

ISIN:  GG00BFWMR296

("Stenprop" or the "Company")

RESULTS OF ANNUAL GENERAL MEETING

13 September 2018

Shareholders are advised that all the resolutions tabled at the annual general meeting of shareholders held on Wednesday, 12 September 2018 (in terms of the notice of annual general meeting dispatched to shareholders on 27 July 2018) were passed by the requisite majority of Stenprop shareholders.

Details of the results of voting at the annual general meeting are as follows:

-       total number of Stenprop shares that could have been voted at the annual general meeting: 282,747,125; and

-       total number of Stenprop shares that were voted in person or by proxy at the annual general meeting: 84,657,903 (being 29.94% of the total number of shares that could have been voted at the meeting).

Ordinary resolutions Resolution number 1: To receive the directors' and auditor's reports and the audited financial statements of the Company for the year ended 31 March 2018
Shares voted* 84 657 903	For 84 657 903, being 100%	Against -	Abstentions^ 214 996, being 0.08%
Resolution number 2: To approve the Directors' remuneration policy
Shares voted* 83 017 898	For 81 797 824, being 98.53%	Against 1 220 074, being 1.47%	Abstentions^ 1 855 001, being 0.66%
Resolution number 3: To approve the Directors' remuneration implementation report
Shares voted* 83 017 898	For 81 797 824, being 98.53%	Against 1 220 074, being 1.47%	Abstentions^ 1 855 001, being 0.66%
Resolution number 4: To confirm the appointment of Richard John Grant as a director of the Company
Shares voted* 84 657 903	For 84 657 903, being 100%	Against -	Abstentions^ 214 996, being 0.08%
Resolution number 5: To confirm the appointment of Philip John Holland as a director of the Company
Shares voted* 84 657 903	For 84 657 903, being 100%	Against -	Abstentions^ 214 996, being 0.08%
Resolution number 6: To confirm the appointment of Julian Roger Carey as a director of the Company
Shares voted* 84 657 903	For 84 657 903, being 100%	Against -	Abstentions^ 214 996, being 0.08%
Resolution number 7: To re-elect Paul Maurice Arenson as a director of the Company
Shares voted* 84 657 903	For 84 657 903, being 100%	Against -	Abstentions^ 214 996, being 0.08%
Resolution number 8: To re-elect Patricia Anne Watson as a director of the Company
Shares voted* 84 657 903	For 84 657 903, being 100%	Against -	Abstentions^ 214 996, being 0.08]%
Resolution number 9: To re-elect Paul Jerome Miller as a director of the Company
Shares voted* 84 608 237	For 80 718 942, being 95.35%	Against 3 938 961, being 4.65%	Abstentions^ 214 996, being 0.08%
Resolution number 10: To re-elect Warren Gayer Lawlor as a director of the Company
Shares voted* 84 657 903	For 81 830 531, being 96.66%	Against 2 827 372, being 3.34%	Abstentions^ 214 996, being 0.08%
Resolution number 11: To reappoint Deloitte LLP as auditors of the Company
Shares voted* 84 657 903	For 84 657 903, being 100%	Against -	Abstentions^ 214 996, being 0.08%
Resolution number 12: To authorise the Directors to fix the remuneration of the auditors
Shares voted* 84 657 903	For 84 657 903, being 100%	Against -	Abstentions^ 214 996, being 0.08%
Extraordinary resolutions Resolution number 13: To authorise the Company to issue, or sell from treasury, equity securities for cash in accordance with the terms of Resolution 13
Shares voted* 83 195 354	For 81 474 845, being 97.93%	Against 1 720 509, being 2.07%	Abstentions^ 1 677 545, being 0.59%
Resolution number 14: To authorise the Company to issue or sell from treasury, equity securities for cash in accordance with the terms of Resolution 14
Shares voted* 83 195 354	For 77 495 333, being 93.15%	Against 5 700 021, being 6.85%	Abstentions^ 1 677 545, being 0.59%
Resolution number 15: To authorise the Company to make market acquisitions of the Company's ordinary shares in accordance with the terms of Resolution 15
Shares voted* 84 657 903	For 84 608 237, being 100%	Against -	Abstentions^ 214 996, being 0.08%

*excluding votes withheld

^ in relation to total shares in issue

For further information:

Stenprop Limited                                                                                                  +44(0)20 7079 6600

Paul Arenson

Patsy Watson

Julian Carey            

Numis Securities Limited (Financial Adviser)                                                 +44(0)20 7260 1000

Hugh Jonathan

Vicki Paine 

Tavistock (PR Adviser)                                                                                         +44(0)20 7920 3150

James Whitmore

James Verstringhe

Kirsty Allan

Instinctif Partners (SA Investor Relations and PR Adviser)                          +27 (0)11 447 3030

Keagile Makgoba

Java Capital                                                                                                            +27 (0)11 722 3050

(JSE sponsor)

About Stenprop:

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.

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