REG - Palace Capital PLC - Result of AGM

Palace CapitalAnnouncement

12/07/2019 17:30

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. £280 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.
 
 
 




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