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Palace Capital PLC (PCA)

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Friday 12 July, 2019

Palace Capital PLC

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

[email protected]

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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