Results of the AGM

RNS Number : 5892U

Town Centre Securities PLC

25 November 2019

 

25 November 2019

Town Centre Securities PLC
(The 'Group' or the 'Company')

Results of the AGM

The Directors of Town Centre Securities are pleased to announce that at it's Annual General Meeting held on Monday 25 November 2019, all of the proposed resolutions as set out in the Notice of Annual General Meeting were passed on a show of hands. Total votes, including proxy votes received from shareholders by the Company in advance of the meeting, were as set out below:

Resolution		Votes for	%	Votes against	%		Total shares for and against	% of total voting rights *		Votes withheld **
1	Receive and adopt the financial statements for the financial year ended 30 June 2019	34,838,523	100.00%	0	0.00%		34,838,523	65.53%		1,038,284
2	Approve the Directors' Remuneration Report (excluding Directors' Remuneration Policy) for the financial year ended 30 June 2019	33,025,538	96.05%	1,356,905	3.95%		34,382,443	64.67%		1,494,364
3	Declare the final cash dividend recommended by the Board	35,876,807	100.00%	0	0.00%		35,876,807	67.49%		-
4	Re-elect M Ziff as a non-executive Director	34,774,584	97.07%	1,047,339	2.93%		35,821,923	67.38%		54,884
5	Elect I Marcus as a non-executive Director	33,985,865	94.88%	1,833,358	5.12%		35,819,223	67.38%		57,584
6	Elect P Huberman as a non-executive Director	35,570,718	99.30%	251,205	0.70%		35,821,923	67.38%		54,884
7	Elect J Collins as a non-executive Director	35,570,718	99.31%	248,505	0.69%		35,819,223	67.38%		57,584
8	Elect E Ziff as an executive Director	34,043,010	95.03%	1,778,913	4.97%		35,821,923	67.38%		54,884
9	Elect B Ziff as an executive Director	35,820,838	99.99%	1,085	0.01%		35,821,923	67.38%		54,884
10	Elect L Shillaw as an executive Director	34,779,874	97.09%	1,042,049	2.91%		35,821,923	67.38%		54,884
11	Elect M Dilley as an executive Director	35,820,838	99.99%	1,085	0.01%		35,821,923	67.38%		54,884
12	Re-appoint BDO as auditors of the Company	34,836,615	99.99%	184	0.01%		34,836,799	65.53%		1,040,008
13	Authorise the Directors to determine the remuneration of the auditor	35,873,802	99.99%	3,005	0.01%		35,876,807	67.49%		-
14	Authorise the Directors to make political donations	35,803,982	99.85%	52,768	0.15%		35,856,750	67.45%		20,057
15	Authorise the Board to allot shares	35,410,291	98.70%	464,792	1.30%		35,875,083	67.48%		1,724
16	Authorise the Directors to allot shares otherwise than on a pre-emptive basis - general	35,336,871	98.50%	538,095	1.50%		35,874,966	67.48%		1,841
17	Authorise the Directors to disapply pre-emption rights for purposes of acquisitions or capital investments	34,790,876	96.98%	1,084,090	3.02%		35,874,966	67.48%		1,841
18	Authorise to purchase Company's own shares	34,282,399	95.55%	1,594,408	4.45%		35,876,807	67.49%		-
19	Authorise the convening of general meetings on 14 clear days' notice	35,271,666	98.31%	605,141	1.69%		35,876,807	67.49%		-
Resolutions 4 and 5 - Excluding controlling shareholder votes
Resolution		Votes for	%	Votes against	%		Total shares for and against	% of total voting rights *		Votes withheld **
5	Elect I Marcus as a non-executive Director	6,880,036	78.96%	1,833,358	21.04%		8,713,394	16.39%		57,584
6	Elect P Huberman as a non-executive Director	8,464,889	97.12%	251,205	2.88%		8,716,094	16.40%		54,884
7	Elect J Collins as a non-executive Director	8,464,889	97.15%	248,505	2.85%		8,713,394	16.39%		57,584
* As at the date of the Annual General Meeting, the total number of shares with voting rights in the Company is 53,161,950.
** A 'vote withheld' is not a vote in law and cannot be counted in the calculation of the votes for and against a resolution

The Directors note the fact, when excluding controlling shareholder votes, that the proportion of non-controlling shareholders voting to pass resolution 5 was 79.0%. The Directors intend to fully understand the concerns of shareholders who voted against this resolution and consider whether to initiate any changes to its policies as a result.

 ENDS

For further information, please contact:

Town Centre Securities PLC                                                                             www.tcs-plc.co.uk / @TCS PLC

Edward Ziff, Chairman and Chief Executive                                                                            0113 222 1234

Mark Dilley, Group Finance Director      

MHP Communications                                                                                                  020 3128 8572 / 8742

Reg Hoare / Alistair de Kare-Silver                                                                                                                                                                                                                                                                                        [e-mail]

 

END

 

 

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