LONDON - Residential Secure Income plc (LSE: RESI), a real estate investment trust, announced today that its shareholders have approved a new investment policy. The resolution was passed during a General Meeting by a significant majority of 99.67%, with only 0.33% voting against.
The policy change was proposed to shareholders in a notice dated November 20, 2024, and the full details were circulated in a document available on the company's website. The new investment policy will replace the existing one, marking a strategic shift for ReSI. The total number of votes cast, excluding withheld votes, was 114,694,186, which represented 61.94% of the company's issued share capital, excluding treasury shares.
At the time of the meeting, Residential Secure Income's issued share capital consisted of 185,163,281 Ordinary Shares, not including Treasury Shares. The company also holds 8,985,980 Ordinary Shares in Treasury.
The adoption of the new investment policy is a key corporate action, reflecting the shareholders' trust in the company's future direction. The resolution's overwhelming support indicates a strong consensus among investors for the proposed changes.
This update is based on a press release statement and is intended to inform stakeholders and the wider market of the outcomes of the company's General Meeting. The information provided is factual and does not include any promotional content or subjective commentary on the implications of the new investment policy for Residential Secure Income or the real estate investment industry at large.
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