Palace Capital PLC Result of AGM (3018H)
26 Julio 2023 - 8:15AM
UK Regulatory
TIDMPCA
RNS Number : 3018H
Palace Capital PLC
26 July 2023
26 July 2023
Palace Capital plc
("Palace Capital" or the "Company")
Result of AGM
Palace Capital (LSE: PCA) announces the results of the Company's
Annual General Meeting held earlier today.
The resolutions were as set out in the Notice of Meeting, as
filed with the National Storage Mechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) and are
also available on the company's website,
www.palacecapitalplc.com.
All resolutions were passed. Resolutions 1 to 10 were passed as
ordinary resolutions and resolutions 11 and 12 were passed as
special resolutions.
The total votes cast were as follows:
Resolution In Favour Votes Against Votes Votes
Withheld
No. % No. %
------------------- ------- --------------------- ------- ---------------------
1 Receive and approve
the Accounts 27,481,400 98.90% 306,503 1.10% 1,528
------------------- ------- --------------------- ------- ---------------------
2 Receive and approve
the Directors' Remuneration
report 25,106,757 90.38% 2,673,815 9.62% 6,811
------------------- ------- --------------------- ------- ---------------------
3 Declare a final
dividend of 3.75p 27,784,213 99.99% 3,690 0.01% 1,528
------------------- ------- --------------------- ------- ---------------------
4 R e-appoint BDO
LLP as auditors 27,475,947 98.88% 311,956 1.12% 1,528
------------------- ------- --------------------- ------- ---------------------
5 A uthorise the
Audit & Risk Committee
to determine the
auditors' remuneration 27,475,947 98.88% 311,956 1.12% 1,528
------------------- ------- --------------------- ------- ---------------------
6 Re-e lect Steven
Owen 20,232,998 77.10% 6,010,179 22.90% 1,546,254
------------------- ------- --------------------- ------- ---------------------
7 Re-elect Matthew
Simpson 26,563,575 95.59% 1,224,328 4.41% 1,528
------------------- ------- --------------------- ------- ---------------------
8 Elect Mark Davies 27,275,409 98.16% 512,494 1.84% 1,528
------------------- ------- --------------------- ------- ---------------------
9 New Short Term
Incentive Plan 27,096,342 97.52% 689,923 2.48% 3,166
------------------- ------- --------------------- ------- ---------------------
10 New Remuneration
Policy 27,155,962 97.74% 629,303 2.26% 4,166
------------------- ------- --------------------- ------- ---------------------
11 Market purchase
of own shares 27,472,090 98.86% 315,813 1.14% 1,528
------------------- ------- --------------------- ------- ---------------------
1 2 Calling general
meetings on 14 days'
notice 27,750,912 99.87% 36,991 0.13% 1 ,528
------------------- ------- --------------------- ------- ---------------------
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.
The Board would like to thank shareholders for their engagement
and support ahead of the AGM.
While most of the resolutions were passed with significant
majorities, the Board notes that the resolution to Re-elect Mr
Steven Owen, Executive Chairman, received less than 80%
support.
The Company extensively engaged with its major shareholders in
the lead up to the AGM in relation to the focus on the maximizing
of cash returns to shareholders, the new Short Term Incentive Plan
and Remuneration Policy which are aligned with this strategy.
The Company will continue to engage with its shareholders and in
accordance with the provisions of the UK Corporate Governance Code
the Board intends to provide an update on this engagement within
six months of the AGM.
For further information please contact:
PALACE CAPITAL PLC
Steven Owen, Executive Chairman
Matthew Simpson, Chief Financial Officer
Tel. +44 (0)20 3301 8331
Broker
Numis Securities
Heraclis Economides / Oliver Hardy
Tel: +44 (0)20 7260 1000
Financial PR
FTI Consulting
Dido Laurimore/ Giles Barrie
Tel: +44 (0)20 3727 1000
palacecapital@fticonsulting.com
www.palacecapitalplc.com
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
RAGUNAOROOUBUAR
(END) Dow Jones Newswires
July 26, 2023 09:15 ET (13:15 GMT)
Palace Capital (LSE:PCA)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Palace Capital (LSE:PCA)
Gráfica de Acción Histórica
De May 2023 a May 2024
