REG - Circle Property PLC - Results of Extraordinary General Meeting

Circle PropertyAnnouncement

15/02/2023 16:15

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RNS Number : 0568Q  Circle Property PLC  15 February 2023

15 February 2023

Circle Property Plc

 

("Circle" or the "Company")

 

Results of Extraordinary General Meeting

 

Circle Property plc (AIM: CRC), is pleased to announce that all four of the
resolutions ("Resolutions") put to shareholders at the Company's Extraordinary
General Meeting held today were duly passed.

 

All the Resolutions were proposed as special resolutions and all votes were by
poll vote where proxies were cast.

 

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

 

 Resolution                                                                   For         %      Against  %
 1 - To reduce the stated capital of the Company.                             19,765,921  99.99  1,647    0.01

 2 - To amend the articles of association of the Company by inserting New     19,765,921  99.99  1,647    0.01
 Article 167.

 3 - Conditional upon New Article 167 being adopted pursuant to resolution 2  19,765,921  99.99  1,647    0.01
 above, to authorise the Directors to make B Share

 Issues.

 4 - Conditional upon resolutions 1, 2 and 3 above, to give the Directors     19,765,921  99.99  1,647    0.01
 authority to allot B Shares.

 

Following the passing of the Resolutions, the Company will now proceed with
the capital reduction, adoption of new articles and, in due course, the
Returns of Capital by way of B Share Issues (as defined in the circular posted
to shareholders on 20 January 2023).

 

Further to the announcement dated 20 January 2023, the Company applied to HMRC
for reporting fund status on 27 January 2023. Subject to successful
application for reporting fund status, the Board expects that the first
Return of Capital will take place in March 2023.

 

Further announcements will be made in due course, as appropriate.

 

Enquiries:

 

 Circle Property Plc                     +44 (0)20 7930 8503
 John Arnold, CEO

 Edward Olins, COO

 Cenkos Securities plc                  +44 (0)20 7397 8900
 Katy Birkin

 George Lawson

 Radnor Capital                         +44 (0)20 3897 1830

 Joshua Cryer

 Iain Daly

 Camarco                                +44 (0)20 3757 4980
 Ginny Pulbrook

 Toby Strong

 

 

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