Attached files
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| 8-K - FORM 8-K - Kennedy-Wilson Holdings, Inc. | a8-kkweagm2016.htm |
Exhibit 99.1
27 April 2016
KENNEDY WILSON EUROPE REAL ESTATE PLC
(“KWE”, the “Company” or the “Group”)
RESULT OF THE 2016 ANNUAL GENERAL MEETING
Kennedy Wilson Europe Real Estate Plc (LSE: KWE), an LSE listed property company that invests in direct real estate and real estate loans in Europe, is pleased to announce that, at the Annual General Meeting of the Company, held at the offices of Allen & Overy LLP, One Bishops Square, London, E1 6AD on Wednesday, 27 April 2016 at 10.30 a.m., all the resolutions were passed by the requisite majorities on a poll by shareholders.
The results of the poll for each resolution incorporating proxy votes lodged in advance of the meeting are as follows:
Resolution | Votes for | % of votes cast | Votes against | % of votes cast | Votes withheld* | Total votes cast as % of ISC | |
1 | Receive the Annual Report and Accounts for the financial year ended 31 December 2015 | 123,238,832 | 99.91 | 116,885 | 0.09 | 36,053 | 90.75 |
2 | Approve the directors’ remuneration report for the financial year ended 31 December 2015 | 123,374,270 | 100.00 | 0 | 0 | 17,500 | 90.76 |
3 | To re-appoint KPMG as Auditor until the conclusion of the Company's next annual general meeting to be held in 2017 | 122,067,711 | 98.94 | 1,306,559 | 1.06 | 17,500 | 90.76 |
4 | To authorise the Audit Committee to determine Auditor’s remuneration | 120,589,565 | 97.74 | 2,784,705 | 2.26 | 17,500 | 90.76 |
5 | To re-elect Charlotte Valeur as a Director | 122,829,576 | 99.56 | 544,694 | 0.44 | 17,500 | 90.76 |
6 | To re-elect William McMorrow as a Director | 121,927,689 | 98.83 | 1,446,581 | 1.17 | 17,500 | 90.76 |
7 | To re-elect Mark McNicholas as a Director | 122,817,467 | 99.55 | 556,803 | 0.45 | 17,500 | 90.76 |
8 | To re-elect Simon Radford as a Director | 122,753,980 | 99.50 | 620,290 | 0.50 | 17,500 | 90.76 |
9 | To re-elect Mary Ricks as a Director | 121,770,046 | 98.70 | 1,604,224 | 1.30 | 17,500 | 90.76 |
10 | To authorise market purchase by the Company of its shares as per the terms set out in the Notice of Meeting** | 122,510,808 | 99.59 | 507,813 | 0.41 | 373,149 | 90.50 |
11 | To empower Directors to allot and issue (or sell from treasury) 13, 593, 393 shares for cash as if pre-emption rights did not apply to such allotment as per the terms set out in the Notice of Meeting ** | 123,374,270 | 100.00 | 0 | 0 | 17,500 | 90.76 |
12 | To amend the Company’s Articles of Association ** | 123,374,270 | 100.00 | 0 | 0 | 17,500 | 90.76 |
* A vote withheld is not a vote in law and is not counted towards the votes cast "For" or "Against" a resolution
** Special resolution (66⅔% majority required)
The issued share capital of the Company as at 6.00 p.m. on 25 April 2016 (the record time and date for voting) was 135,933,938 ordinary shares.
In accordance with paragraph 9.6.2(R) of the Listing Rules, a copy of the resolutions passed at the Annual General Meeting has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/nsm.
A copy of the poll results for the Annual General Meeting will be published shortly on the Company’s website www.kennedywilson.eu.
The full text of the resolutions is set out in the Notice of Meeting dated 22 March 2016 which is also available at www.kennedywilson.eu.
For further information, please contact:
Investors Juliana Weiss Dalton, CFA +44 (0) 20 7479 7429 JWeissDalton@kennedywilson.eu | Press Dido Laurimore /Tom Gough +44 (0) 20 3727 1000 kennedywilson@fticonsulting.com |
About Kennedy Wilson Europe Real Estate Plc
Kennedy Wilson Europe Real Estate Plc is an LSE listed property company that invests in real estate and real estate loans across Europe. It aims to generate superior shareholder returns by unlocking value of under-resourced real estate across its target geographies. Its existing portfolio, in excess of £2.5 billion, is primarily invested across office and retail in the UK and Ireland, weighted towards London, the South East and Dublin. For further information on Kennedy Wilson Europe Real Estate Plc, please visit www.kennedywilson.eu
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