Results of the AGM and Change of Director

RNS Number : 4853R

Circle Property PLC

21 September 2017

 

Circle Property Plc

("Circle" or the "Company")

Results of the Annual General Meeting and Change of Director

At the Annual General Meeting ("AGM") of Circle Property Plc (AIM: CRC), a specialist regional UK office investment, development and management company, held earlier today, 21 September 2017, shareholders duly passed all of the resolutions proposed. Resolutions 1 to 4 were passed under ordinary business as ordinary resolutions and resolutions 5 and 6 were passed as ordinary resolutions under special business.  All votes for ordinary and special business were by poll vote where proxies were cast. 

The votes received in respect of each of the resolutions were as follows:

Resolution	Votes For	% For	Votes Against	% Against	Total votes	Total votes as % of total voting rights	Votes Withheld
1.   To receive and adopt the Company's accounts for the year ended 31 March 2017 together with the reports of the Directors and auditors thereon	10,065,809	100	0	0	10,065,809		0
2.   To approve payment of a dividend to shareholders, in the aggregate sum of £735,715.81 being 2.6 pence per share, as a final dividend in respect of the year ended 31 March 2017	10,065,809	100	0	0	10,065,809		0
3. To note the resignation of Richard Paul Hebert and elect Timothy Nicholas Scott Warren as a director from the termination of the AGM	10,065,809	100	0	0	10,065,809		0
4. To re-appoint KPMG as auditors to hold office from the conclusion of the meeting to the conclusion of the next meeting at which the accounts are laid before the Company at a remuneration to be determined by the directors.	10,065,809	100	0	0	10,065,809		0
5. That the directors be and they are generally and unconditionally  authorised to exercise all the powers of the Company to allot Relevant Securities (within the meaning of the articles of association of the Company (the Articles)) up to an aggregate of 2,855,179 ordinary shares of the Company.	10,065,809	100	0	0	10,065,809		0
6. THAT subject to the passing of the previous resolution the directors be and they are empowered to allot Equity Securities (within the meaning of the Articles) wholly for cash pursuant to the authority conferred by the previous resolution as if article 25.1.1 of the Articles did not apply to any such allotment, provided that this power shall be limited to the allotment of Equity Securities.	10,065,809	100	0	0	10,065,809		0

Directorate Change

Circle announces that, having informed the Board of his intention to retire, Richard Hebert will step down as a Non-Executive Director at the AGM and effective immediately.

Timothy Scott Warren has been appointed as Non - Executive Director of the Company. Mr Scott Warren, FCA, TEP, qualified as a Chartered Accountant in 1978 having trained with Coopers & Lybrand and has over 40 years' experience in the financial services sector in Jersey first as a Partner in the Jersey office of an International Accountancy Association and thereafter as Director, Managing Director and subsequently Chairman of a respected bank trust company. He has considerable experience in trust and corporate administration matters in relation to a diverse range of commercial activities including property and other financial assets. He is presently a Director of Consortia Partnership Limited

Chairman, Ian Henderson, said: "I would like to record my personal thanks for the contribution that Richard has made to the business. His experience and insights have been hugely important to Circle's maiden year on the AIM, and we wish him all the best for the future. We now look forward to working with Timothy and taking advantage of his experience and expertise as we continue to grow Circle's ambitions and position in the market."

Regarding this resignation and appointment, there is no further information to be disclosed pursuant to rule 17 of the UKLA's Listing Rules for the AIM.

Further information can be found at http://www.circleproperty.co.uk/.

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