RNS Number : 4459F
Palace Capital PLC
12 July 2019
12 July 2019
Palace Capital plc
("Palace Capital" or the "Company")
Result of AGM
Palace Capital, the property investment company that focusses on commercial property outside London, announces that at the Company's Annual General Meeting held earlier today, all resolutions were duly passed.
The resolutions were as set out in the Notice of Meeting, as filed with the National Storage Mechanism (www.morningstar.co.uk/uk/NSM) and are also available on the company's website, www.palacecapitalplc.com.
There are a total of 45,883,249 ordinary shares in issue, excluding shares held in Treasury.
All resolutions were passed with resolutions 1 to 13 passed as ordinary resolutions and resolutions 14 to 18 passed as special resolutions.
The total votes cast were as follows:
|
Resolution |
In Favour Votes |
Against Votes |
Withheld Votes |
||
|
|
No. |
% |
No. |
% |
|
|
|
|
|
|
|
|
|
1. Annual Report approval |
35,421,324 |
99.99 |
4,995 |
0.01 |
0 |
|
2. Directors' Remuneration Report |
31,768,016 |
89.67 |
3,653,080 |
10.31 |
5,222 |
|
3. Declaration of dividend |
35,426,320 |
100 |
0 |
0 |
0 |
|
4. Election of Mickola Wilson |
35,419,704 |
99.99 |
4,995 |
0.01 |
1,620 |
|
5. Re-election of Stanley Davis |
31,003,296 |
87.51 |
3,435,137 |
9.70 |
987,886 |
|
6. Re-election of Neil Sinclair |
35,417,925 |
99.98 |
8,395 |
0.02 |
0 |
|
7. Re-election of Richard Starr |
35,424,779 |
99.99 |
1,541 |
0.01 |
0 |
|
8. Re-election of Stephen Silvester |
35,424,779 |
99.99 |
1,541 |
0.01 |
0 |
|
9. Re-election of Anthony Dove |
33,942,903 |
95.81 |
1,483,416 |
4.19 |
0 |
|
10. Re-election of Kim Taylor-Smith |
33,947,193 |
95.82 |
1,479,126 |
4.18 |
0 |
|
11. Reappointment of the auditors |
35,421,889 |
99.99 |
3,430 |
0.01 |
1,000 |
|
12. Remuneration of the auditors |
35,425,615 |
99.99 |
705 |
0.01 |
0 |
|
13. Authority to allot ordinary shares |
35,424,316 |
99.99 |
2,004 |
0.01 |
0 |
|
14. General disapplication of pre-emption rights |
34,315,416 |
96.86 |
1,110,904 |
3.14 |
0 |
|
15. Additional authority to disapply pre-emption rights |
35,415,683 |
99.97 |
10,636 |
0.03 |
0 |
|
16. Market purchase of own shares |
35,419,218 |
99.98 |
7,101 |
0.02 |
0 |
|
17. Notice of General Meetings |
35,347,921 |
99.78 |
78,399 |
0.22 |
0 |
|
18. REIT Conversion |
35,423,159 |
99.99 |
3,161 |
0.01 |
0 |
A vote withheld is not a vote in law and is not counted in the calculation of the number or % of votes "For" or "Against" a resolution.
For further information, contact:
FTI Consulting (Financial PR)
Claire Turvey / Methuselah Tanyanyiwa
palacecapital@fticonsulting.com
Tel. 44 (0)20 3727 1000
About Palace Capital plc (www.palacecapitalplc.com):
Palace Capital plc (LSE: PCA) is a Main Market listed property investment company that has a c. £280 million diversified portfolio of UK regional commercial property. The Company maintains a disciplined investment strategy focused on towns and cities outside of London that are characterised by thriving local economies and strengthening fundamentals. Within those locations, the highly experienced management team selects assets that provide opportunity to drive both capital value and long-term rental income through tailored active asset management programmes, ultimately delivering attractive shareholder returns.
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