Starwood European Real Estate Finan Result of EGM (9290G)

TIDMSWEF

RNS Number : 9290G

Starwood European Real Estate Finan

09 March 2015

Starwood European Real Estate Finance Limited

Results of Extraordinary General Meeting

The Board of Starwood European Real Estate Finance Limited announces that, at the Extraordinary General Meeting of the Company held on Monday, 09 March 2015, the resolution put to the meeting was approved by shareholders on a show of hands.

Details of the proxy votes lodged are set out below:

 
           Ordinary Resolution                 For*       Against   Withheld** 
-----------------------------------------  ------------  --------  ----------- 
 1. To adopt the proposed changes to 
  the Company's investment policy, as 
  set out in Part II of the circular 
  sent to Shareholders dated 16 February 
  2015                                      132,967,853      0          0 
-----------------------------------------  ------------  --------  ----------- 
 
 
                  Special Resolution                       For*        Against     Withheld** 
-----------------------------------------------------  ------------  -----------  ----------- 
 
   2. The Directors be generally and unconditionally 
   authorised for the purposes of section 
   292 of the 
   Companies (Guernsey) Law, 2008, as 
   amended, 
   (the "Law"), (such authority superseding 
   and 
   revoking any previous authority to 
   the extent 
   unused (to exercise all the powers 
   of the 
   Company to a lot shares in the Company 
   and 
   grant rights to subscribe for, or 
   convert any 
   security into, shares in the Company 
   up to an 
   aggregate amount of 200 million shares 
   of no par 
   value pursuant to the Share Issuance 
   Programme 
   as subscribed in the Circular. 
 
   The authority hereby conferred on 
   the Directors 
   shall expire at the conclusion of 
   the annual general 
   meeting of the Company in 2016, save 
   that the 
   Company may before such expiry make 
   an offer 
   or agreement which would or might 
   require shares 
   to be allotted or rights to be granted, 
   after such 
   expiry and the Directors may allot 
   shares, or grant 
   rights to subscribe for or to convert 
   any security 
   into shares, in pursuance of such 
   an offer or 
   agreement as if the authority conferred 
   hereby has 
   not expired.                                         118,909,785   14,058,068       0 
-----------------------------------------------------  ------------  -----------  ----------- 
 
 
               Special Resolution                    For*        Against     Withheld** 
-----------------------------------------------  ------------  -----------  ----------- 
 
   3. Subject to the passing of Resolution 
   2 above and in 
   substitution for all subsisting authorities 
   to the 
   extent unused, the Directors be empowered 
   pursuant to article 7.7 of the articles 
   of 
   incorporation of the Company (the 
   "Articles") to 
   allot equity securities of the Company 
   for cash 
   pursuant to the authority conferred 
   by Resolution 2 
   as if Article 7.2 did not apply to 
   any such allotment 
   or sale, provided that the power conferred 
   by this 
   Resolution shall be limited to: 
 
   (i) the allotment of equity securities 
   for cash in 
   connection with or pursuant to an 
   offer of or 
   invitation to acquire equity securities 
   in favour of 
   holders of ordinary shares in proportion 
   (as 
   nearly as practicable) to the respective 
   number 
   of ordinary shares held by them on 
   the record 
   date for such allotment or sale (and 
   holders of 
   any other class of equity securities 
   entitled to 
   participate therein or if the Directors 
   consider it 
   necessary, as permitted by the rights 
   of those 
   securities) but subject to such exclusions 
   or 
   other arrangements as the Directors 
   may 
   consider necessary or appropriate 
   to deal with 
   fractional entitlements, treasury 
   shares, record 
   dates or legal regulatory or practical 
   difficulties 
   which may arise under the laws of 
   or the 
   requirements of any regulatory body 
   or stock 
   exchange in any territory or any other 
   matter 
   whatsoever; and 
 
   (ii) the allotment (otherwise) than 
   under paragraph 
   of this Resolution 3 of equity securities 
   up to a 
   maximum number of 200 million shares 
   of no 
   par value (which may be issued as 
   ordinary 
   shares/and/or C shares in accordance 
   with the 
   Articles, 
 
   and provided further that the power 
   conferred 
   shall expire at the conclusion of 
   the annual 
   general meeting of the Company in 
   2016 save 
   that the Company may before such expiry 
   make 
   an offer or agreement which would 
   or might 
   require equity securities to be allotted 
   after such 
   expiry and The Directors may allot 
   equity 
   securities in pursuance of any such 
   offer or 
   agreement as if the power conferred 
   hereby had 
   not expired.                                   117,705,789   15,252,064     10,000 
-----------------------------------------------  ------------  -----------  -----------

The full text of the resolution may be found in the Notice of Extraordinary General Meeting contained in the Shareholder Circular dated 16 February 2015, copies of which are available on both the Company's website www.starwoodeuropeanfinance.com and on the National Storage Mechanism www.morningstar.co.uk/uk/NSM***

   *           Includes discretionary votes received

** A vote withheld is not a vote in law and is not counted in the proportion of votes 'for' or 'against' a resolution

*** Neither the NSM website nor the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement

Enquiries:

Ipes (Guernsey) Limited

Gillian Newton

01481 713843

Notes:

Starwood European Real Estate Finance is an investment company listed on the main market of the London Stock Exchange with an investment objective to provide Shareholders with regular dividends and an attractive total return while limiting downside risk, through the origination, execution, acquisition and servicing of a diversified portfolio of real estate debt investments in the UK and Continental European markets. www.starwoodeuropeanfinance.com

This information is provided by RNS

The company news service from the London Stock Exchange

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