Palace Capital PLC Result of AGM (5385V)
07 Agosto 2020 - 7:40AM
UK Regulatory
TIDMPCA
RNS Number : 5385V
Palace Capital PLC
07 August 2020
7 August 2020
Palace Capital plc
("Palace Capital" or the "Company")
Result of AGM
Palace Capital (LSE: PCA), the UK REIT that has a UK regional
commercial real estate portfolio with a bias towards the office and
industrial sectors in carefully selected locations outside of
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 46,088,928 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 Receive and approve
the Accounts 34,369,816 99.99 131 0.01 0
----------- ------ ---------- ----- ----------
2 Receive and approve
the Directors' Remuneration
report 30,085,568 92.91 2,297,378 7.09 1,987,001
----------- ------ ---------- ----- ----------
3 D eclare a final
dividend of 2.5p 34,369,816 99.99 131 0.01 0
----------- ------ ---------- ----- ----------
4 Re -elect Mickola
Wilson 33,769,268 98.25 600,679 1.75 0
----------- ------ ---------- ----- ----------
5 R e-elect Stanley
Davis 34,165,617 99.41 204,330 0.59 0
----------- ------ ---------- ----- ----------
6 Re-elect Neil Sinclair 34,366,816 99.99 3,131 0.01 0
----------- ------ ---------- ----- ----------
7 R e-elect Richard
Starr 34,369,816 99.99 131 0.01 0
----------- ------ ---------- ----- ----------
8 R e-elect Stephen
Silvester 34,369,816 99.99 131 0.01 0
----------- ------ ---------- ----- ----------
9 R e-elect Kim Taylor-Smith 33,769,268 98.25 600,679 1.75 0
----------- ------ ---------- ----- ----------
10 E lect Paula Dillon 34,367,816 99.99 131 0.01 2,000
----------- ------ ---------- ----- ----------
11 R e-appoint BDO
LLP 34,367,816 99.99 131 0.01 2,000
----------- ------ ---------- ----- ----------
12 A uthorise the
Audit & Risk Committee
to determine the
auditors' remuneration 34,369,816 99.99 131 0.01 0
----------- ------ ---------- ----- ----------
13 The Directors
be authorised to
allot shares in the
Company 34,301,218 99.82 63,229 0.18 5,500
----------- ------ ---------- ----- ----------
14 General disapplication
of pre-emption rights 33,334,012 97.01 1,027,435 2.99 8,500
----------- ------ ---------- ----- ----------
15 Additional authority
to disapply pre-emption
rights 33,334,012 97.01 1,027,435 2.99 8,500
----------- ------ ---------- ----- ----------
16 Market purchase
of own shares 34,362,706 99.98 7,241 0.02 0
----------- ------ ---------- ----- ----------
17 Calling general
meetings on 14 days'
notice 34,163,457 99.40 206,490 0.6 0
----------- ------ ---------- ----- ----------
18 The share premium
account of the Company
be cancelled 34,369,816 99.99 131 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:
PALACE CAPITAL PLC
Neil Sinclair, Chief Executive
Stephen Silvester, Finance Director
Tel. +44 (0)20 3301 8331
Broker
Numis Securities
Heraclis Economides / George Fry
Tel: +44 (0)20 7260 1000
Broker
Arden Partners plc
Corporate Finance: Paul Shackleton / Ciaran Walsh / Daniel
Gee-Summons
Corporate Broking: James Reed-Daunter
Tel: +44 (0)207 614 5900
Financial PR
FTI Consulting
Claire Turvey / Methuselah Tanyanyiwa
Tel: +44 (0)20 3727 1000
palacecapital@fticonsulting.com
About Palace Capital plc (www.palacecapitalplc.com):
Palace Capital is a property investment company with a premium
listing on the Main Market of the London Stock Exchange (Stock
Code: PCA). The Company owns a diversified regional portfolio
across the UK and has a reputation for being entrepreneurial and
opportunistic. Palace Capital acquires properties where it can
enhance the long-term income and capital value through asset
management and strategic capital development in locations outside
London.
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
RAGUBOURRRUWRAR
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August 07, 2020 08:40 ET (12:40 GMT)
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