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LONDON - Picton Property Income Limited (LSE:PCTN) announced on Wednesday that all resolutions proposed at its Annual General Meeting were approved by shareholders with the required majority.
The company reported that shareholders voted overwhelmingly in favor of receiving the Annual Report and Accounts, with 99.99% approval. The re-appointment of KPMG as auditor received 97.06% support, while the authorization of auditor remuneration was backed by 99.24% of votes.
All board members standing for re-election or election secured approval. Helen Beck received the strongest support with 99.98% of votes in her favor, while Mark Batten’s re-election garnered 93.09% approval, the lowest among the directors but still a clear majority.
Shareholders also approved special and extraordinary resolutions, including the renewal of authority to make market acquisitions with 96.49% support and the disapplication of pre-emption rights for new ordinary shares with 99.77% and 99.39% approval rates for the two related resolutions.
The voting was conducted by poll at the meeting held on July 30, with results showing minimal opposition across all proposals. The company noted that votes withheld were not counted in the calculation of votes for or against resolutions.
According to the press release statement, Picton owns and actively manages a £726 million UK commercial property portfolio across 47 assets with approximately 350 occupiers as of June 30, 2025.
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