Palace Capital PLC Result of AGM (7911V)
26 July 2018 - 2:48AM
UK Regulatory
TIDMPCA
RNS Number : 7911V
Palace Capital PLC
25 July 2018
25 July 2018
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 45,805,280 ordinary shares in issue. Proxy
appointments were received from shareholders holding 32,440,391
ordinary shares amounting to 70.8 per cent. of the issued ordinary
share capital.
All resolutions were passed on a show of hands with resolutions
1 to 7 and 13 passed as ordinary resolutions and resolutions 8 to
12 passed as special resolutions.
Resolution In Favour Against Withheld
Votes Votes Votes
No. % No. %
--------------------------------- ------------------------------------ ----------------------- ---------------------- --------------------------
1. Annual
Report
approval 32,268,127 99.47 172,264 0.53 -
--------------------------------- ------------------------------------ ----------------------- ---------------------- --------------------------
2. Directors`
Remuneration
Report 31,472,546 97.03 964,850 2.97 2,995
--------------------------------- ------------------------------------ ----------------------- ---------------------- --------------------------
3. Declaration
of dividend 32,403,619 99.99 3,124 0.01 33,648
--------------------------------- ------------------------------------ ----------------------- ---------------------- --------------------------
4.
Reappointment
and
remuneration
of the
auditors 32,438,912 99.99 1,479 0.01 -
--------------------------------- ------------------------------------ ----------------------- ---------------------- --------------------------
5. Re-election
of Director 32,430,392 99.97 9,999 0.03
--------------------------------- ------------------------------------ ----------------------- ---------------------- --------------------------
6. Re-election
of Director 32,437,205 99.99 3,186 0.01 -
--------------------------------- ------------------------------------ ----------------------- ---------------------- --------------------------
7. Authority to
allot
ordinary
shares 32,436,267 99.99 4,124 0.01 -
--------------------------------- ------------------------------------ ----------------------- ---------------------- --------------------------
8. General
disapplication
of pre-emption
rights 31,327,651 96.57 1,112,738 3.43 2
--------------------------------- ------------------------------------ ----------------------- ---------------------- --------------------------
9. Additional
authority
to disapply
pre-emption
rights 31,327,729 96.57 1,111,260 3.43 1,402
--------------------------------- ------------------------------------ ----------------------- ---------------------- --------------------------
10. Market
purchase of
own shares 32,434,867 99.99 4,124 0.01 1,400
--------------------------------- ------------------------------------ ----------------------- ---------------------- --------------------------
11. Adoption of
new Articles
of Association 32,435,166 99.99 3,125 0.01 2,100
--------------------------------- ------------------------------------ ----------------------- ---------------------- --------------------------
12. Notice of
General
Meetings 32,429,589 99.97 10,800 0.03 2
--------------------------------- ------------------------------------ ----------------------- ---------------------- --------------------------
13. Approval of
Directors'
remuneration
policy 32,300,663 99.47 173,706 0.53 13,570
--------------------------------- ------------------------------------ ----------------------- ---------------------- --------------------------
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
Arden Partners plc (Lead Broker)
Chris Hardie / Ciaran Walsh / Alex Penney
Tel. +44 (0)207 614 5917
Allenby Capital Limited (Joint Broker)
Nick Naylor / James Reeve / Asha Chotai
Tel. +44 (0)20 3328 5656
Capital Access Group (Financial PR)
Scott Fulton
Tel. +44 (0)20 3763 3400
About Palace Capital plc (www.palacecapitalplc.com):
Palace Capital is a UK property investment company admitted to
trading on the London Stock Exchange plc's main market (LSE: PCA).
The Company is not sector specific and looks for opportunities
where it can enhance the long-term income and capital value through
asset management and strategic capital development in locations
outside London. In its last reported financial year, Palace Capital
produced a 27% increase in adjusted profit before tax, a 7% uplift
in EPRA NAV per share from a post fundraise proforma base and a 3%
increase in dividends for the year ending 31 March 2018.
This information is provided by RNS, the news service of the
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contact rns@lseg.com or visit www.rns.com.
END
RAGUVSNRWNABUAR
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