RNS Number : 5385V
Palace Capital PLC
07 August 2020
7 August 2020
Palace Capital plc
("Palace Capital" or the "Company")
Result of AGM
Palace Capital (LSE: PCA), the UK REIT that has a UK regional commercial real estate portfolio with a bias towards the office and industrial sectors in carefully selected locations outside of 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 46,088,928 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 Receive and approve the Accounts |
34,369,816 |
99.99 |
131 |
0.01 |
0 |
|
2 Receive and approve the Directors' Remuneration report |
30,085,568 |
92.91 |
2,297,378 |
7.09 |
1,987,001 |
|
3 Declare a final dividend of 2.5p |
34,369,816 |
99.99 |
131 |
0.01 |
0 |
|
4 Re-elect Mickola Wilson |
33,769,268 |
98.25 |
600,679 |
1.75 |
0 |
|
5 Re-elect Stanley Davis |
34,165,617 |
99.41 |
204,330 |
0.59 |
0 |
|
6 Re-elect Neil Sinclair |
34,366,816 |
99.99 |
3,131 |
0.01 |
0 |
|
7 Re-elect Richard Starr |
34,369,816 |
99.99 |
131 |
0.01 |
0 |
|
8 Re-elect Stephen Silvester |
34,369,816 |
99.99 |
131 |
0.01 |
0 |
|
9 Re-elect Kim Taylor-Smith |
33,769,268 |
98.25 |
600,679 |
1.75 |
0 |
|
10 Elect Paula Dillon |
34,367,816 |
99.99 |
131 |
0.01 |
2,000 |
|
11 Re-appoint BDO LLP |
34,367,816 |
99.99 |
131 |
0.01 |
2,000 |
|
12 Authorise the Audit & Risk Committee to determine the auditors' remuneration |
34,369,816 |
99.99 |
131 |
0.01 |
0 |
|
13 The Directors be authorised to allot shares in the Company |
34,301,218 |
99.82 |
63,229 |
0.18 |
5,500 |
|
14 General disapplication of pre-emption rights |
33,334,012 |
97.01 |
1,027,435 |
2.99 |
8,500 |
|
15 Additional authority to disapply pre-emption rights |
33,334,012 |
97.01 |
1,027,435 |
2.99 |
8,500 |
|
16 Market purchase of own shares |
34,362,706 |
99.98 |
7,241 |
0.02 |
0 |
|
17 Calling general meetings on 14 days' notice |
34,163,457 |
99.40 |
206,490 |
0.6 |
0 |
|
18 The share premium account of the Company be cancelled |
34,369,816 |
99.99 |
131 |
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:
PALACE CAPITAL PLC
Neil Sinclair, Chief Executive
Stephen Silvester, Finance Director
Tel. 44 (0)20 3301 8331
Broker
Numis Securities
Heraclis Economides / George Fry
Tel: 44 (0)20 7260 1000
Broker
Arden Partners plc
Corporate Finance: Paul Shackleton / Ciaran Walsh / Daniel Gee-Summons
Corporate Broking: James Reed-Daunter
Tel: 44 (0)207 614 5900
Financial PR
FTI Consulting
Claire Turvey / Methuselah Tanyanyiwa
Tel: 44 (0)20 3727 1000
palacecapital@fticonsulting.com
About Palace Capital plc (www.palacecapitalplc.com):
Palace Capital is a property investment company with a premium listing on the Main Market of the London Stock Exchange (Stock Code: PCA). The Company owns a diversified regional portfolio across the UK and has a reputation for being entrepreneurial and opportunistic. Palace Capital acquires properties where it can enhance the long-term income and capital value through asset management and strategic capital development in locations outside London.
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