REG - Town Centre Secs. - Results of the AGM

Town Centre SecuritiesAnnouncement

25/11/2019 18:00

RNS Number : 5892U
Town Centre Securities PLC
25 November 2019
 


25 November 2019
Town Centre Securities PLC

(The 'Group' or the 'Company')
Results of the AGM
The Directors of Town Centre Securities are pleased to announce that at it's Annual General Meeting held on Monday 25 November 2019, all of the proposed resolutions as set out in the Notice of Annual General Meeting were passed on a show of hands. Total votes, including proxy votes received from shareholders by the Company in advance of the meeting, were as set out below:




Resolution


Votes for


%


Votes against


%


 


Total shares for and against


% of total voting rights *


 


Votes withheld **




1


Receive and adopt the financial statements for the financial year ended 30 June 2019


34,838,523


100.00%


0


0.00%


 


34,838,523


65.53%


 


  1,038,284




2


Approve the Directors' Remuneration Report (excluding Directors' Remuneration Policy) for the financial year ended 30 June 2019


33,025,538


96.05%


1,356,905


3.95%


 


34,382,443


64.67%


 


  1,494,364




3


Declare the final cash dividend recommended by the Board


35,876,807


100.00%


0


0.00%


 


35,876,807


67.49%


 


               -  




4


Re-elect M Ziff as a non-executive Director


34,774,584


97.07%


1,047,339


2.93%


 


35,821,923


67.38%


 


       54,884




5


Elect I Marcus as a non-executive Director


33,985,865


94.88%


1,833,358


5.12%


 


35,819,223


67.38%


 


       57,584




6


Elect P Huberman as a non-executive Director


35,570,718


99.30%


251,205


0.70%


 


35,821,923


67.38%


 


       54,884




7


Elect J Collins as a non-executive Director


35,570,718


99.31%


248,505


0.69%


 


35,819,223


67.38%


 


       57,584




8


Elect E Ziff as an executive Director


34,043,010


95.03%


1,778,913


4.97%


 


35,821,923


67.38%


 


       54,884




9


Elect B Ziff as an executive Director


35,820,838


99.99%


1,085


0.01%


 


35,821,923


67.38%


 


       54,884




10


Elect L Shillaw as an executive Director


34,779,874


97.09%


1,042,049


2.91%


 


35,821,923


67.38%


 


       54,884




11


Elect M Dilley as an executive Director


35,820,838


99.99%


1,085


0.01%


 


35,821,923


67.38%


 


       54,884




12


Re-appoint BDO as auditors of the Company


34,836,615


99.99%


184


0.01%


 


34,836,799


65.53%


 


  1,040,008




13


Authorise the Directors to determine the remuneration of the auditor


35,873,802


99.99%


3,005


0.01%


 


35,876,807


67.49%


 


               -  




14


Authorise the Directors to make political donations


35,803,982


99.85%


52,768


0.15%


 


35,856,750


67.45%


 


       20,057




15


Authorise the Board to allot shares


35,410,291


98.70%


464,792


1.30%


 


35,875,083


67.48%


 


         1,724




16


Authorise the Directors to allot shares otherwise than on a pre-emptive basis - general


35,336,871


98.50%


538,095


1.50%


 


35,874,966


67.48%


 


         1,841




17


Authorise the Directors to disapply pre-emption rights for purposes of acquisitions or capital investments


34,790,876


96.98%


1,084,090


3.02%


 


35,874,966


67.48%


 


         1,841




18


Authorise to purchase Company's own shares


34,282,399


95.55%


1,594,408


4.45%


 


35,876,807


67.49%


 


               -  




19


Authorise the convening of general meetings on 14 clear days' notice


35,271,666


98.31%


605,141


1.69%


 


35,876,807


67.49%


 


               -  




 


 


 


 


 


 


 


 


 


 


 




Resolutions 4 and 5 - Excluding controlling shareholder votes


 


 


 


 


 




Resolution


Votes for


%


Votes against


%


 


Total shares for and against


% of total voting rights *


 


Votes withheld **




5


Elect I Marcus as a non-executive Director


6,880,036


78.96%


1,833,358


21.04%


 


8,713,394


16.39%


 


       57,584




6


Elect P Huberman as a non-executive Director


8,464,889


97.12%


251,205


2.88%


 


8,716,094


16.40%


 


       54,884




7


Elect J Collins as a non-executive Director


8,464,889


97.15%


248,505


2.85%


 


8,713,394


16.39%


 


       57,584




 


 


 


 


 


 


 


 


 


 


 




* As at the date of the Annual General Meeting, the total number of shares with voting rights in the Company is 53,161,950.




** A 'vote withheld' is not a vote in law and cannot be counted in the calculation of the votes for and against a resolution




 
The Directors note the fact, when excluding controlling shareholder votes, that the proportion of non-controlling shareholders voting to pass resolution 5 was 79.0%. The Directors intend to fully understand the concerns of shareholders who voted against this resolution and consider whether to initiate any changes to its policies as a result.
 ENDS
 
 
For further information, please contact:
 
Town Centre Securities PLC                                                                             www.tcs-plc.co.uk / @TCS PLC
Edward Ziff, Chairman and Chief Executive                                                                            0113 222 1234
Mark Dilley, Group Finance Director      
 
MHP Communications                                                                                                  020 3128 8572 / 8742
Reg Hoare / Alistair de Kare-Silver                                                                                                                                                                                                                                                                                        tcs@mhpc.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.
 
END
 
 
RAGQELFLKFFBFBB