Company AGM

  • ethical property 2019 agm
  • ethical property 2019 agm
  • ethical property 2019 agm

2019 Annual General Meeting - How our shareholders voted at this year’s AGM

Our Annual General Meeting is one of the most important opportunities for our shareholders to have a say in our business. As well as voting on key matters, it’s a chance to express views on our past performance and future direction. If you weren’t able to attend, you can view the AGM via our website www.ethicalproperty.co.uk/agm-live-stream.

Our new MD Conrad Peberdy presented our performance over the past year, and our strategy for the next five years or more to increase both our social impact and our dividend and share price, through annual share offers and accompanying buy backs of shares, starting in April 2020.

We also held two  workshops in which we invited shareholders to take a more in-depth look at “Safeguarding our Social Mission” and “Maximising Our Social Impact”. Shareholders gave their views on the type of centres we should develop, where they should be situated and the social outcomes we should be looking to deliver. We also explored making the board of directors more accountable to the shareholders for the Quintessentials, the five essential principles that underpin our social mission. Thanks to all who joined these groups and whose questions and suggestions will go a long way to help us ensure that our values are protected for the future.

Ben Reynolds from Sustain (one of The Green House tenants) also joined us and spoke passionately about the food chain and how we can all ensure it becomes more ethical and sustainable.

We wished a fond farewell to David Loggia who is stepping down as a director as he is returning to Australia. We would like to thank David for all his hard work. We would like to also offer a very warm welcome to our three highly talented new Directors who were elected unanimously at the AGM!

Later this year in the Autumn we will be holding an extra EGM when we will be presenting shareholders with our full five year strategy and asking them to approve resolutions to ensure our social mission is protected. We look forward to seeing you there!

This year there were eight resolutions put to shareholders. Here is how they voted:

(Ordinary) Resolution One – To receive the audited reports and accounts of the Company for the year ending 30th September 2018. Resolution Approved  (32 For, 0 Against, 0 Withheld)

 

(Ordinary) Resolution Two – That Kingston Smith LLP be appointed auditors of the Company to act until the conclusion of the next General Meeting of the Company at which the audited accounts are laid before the member, to authorise the Directors to determine the remuneration of the auditors. Resolution Approved (35 For, 0 Against, 0 Withheld

 

(Ordinary) Resolution Three – To approve payment of a dividend of 3.5 pence per ordinary share to those shareholders appearing on the Company’s register of members at close of business on 21st March 2019. Resolution Approved (37 For, 0 Against, 0 Withheld)

 

(Ordinary) Resolution Four – To elect Juliet Can as a Director of the Company, who having been unanimously recommended by the Directors, offers herself for appointment as a Director of the Company pursuant to article 49 of the Articles of Association. Resolution Approved (35 For, 0 Against, 0 Withheld)

 

(Ordinary) Resolution Five – To elect Monica Middleton as a Director of the Company, who having been unanimously recommended by the Directors, offers herself for appointment as a Director of the Company pursuant to article 49 of the Articles of Association. Resolution Approved (36 For, 0 Against, 0 Withheld)

 

(Ordinary) Resolution Six – To elect Anne-Marie O’Hara as a Director of the Company, who having been unanimously recommended by the Directors, offers herself for appointment as a Director of the Company pursuant to article 49 of the Articles of Association. Resolution Approved (36 For, 0 Against, 0 Withheld)

 

(Ordinary) Resolution Seven – To re-elect Mark Luntley as a Director of the Company, who retires by rotation in accordance with the Articles of Association of the Company and, being eligible, offers himself for re-election. Resolution Approved (37 For, 0 Against, 0 Withheld)

 

(Ordinary) Resolution Seven – To re-elect Paul Bellack as a Director of the Company, who retires by rotation in accordance with the Articles of Association of the Company and, being eligible, offers himself for re-election. Resolution Approved (36 For, 0 Against, 0 Withheld)

 

 

AGM Information