REG - Palace Capital PLC - Result of AGM

Palace CapitalAnnouncement

07/08/2020 13:45

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 Declare 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 Re-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 Re-elect Richard Starr


34,369,816


99.99


131


0.01


0




8 Re-elect Stephen Silvester


34,369,816


99.99


131


0.01


0




9 Re-elect Kim Taylor-Smith


33,769,268


98.25


600,679


1.75


0




10 Elect Paula Dillon


34,367,816


99.99


131


0.01


2,000




11 Re-appoint BDO LLP


34,367,816


99.99


131


0.01


2,000




12 Authorise 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.


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