PCA Palace Capital Plc

TIDMPCA

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

palacecapital@fticonsulting.com

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. GBP280 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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