Result of AGM

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

[e-mail]

Tel. [phone]

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.

 

END

 

 

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