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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Palace Capital Plc | LSE:PCA | London | Ordinary Share | GB00BF5SGF06 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
3.00 | 1.29% | 235.00 | 235.00 | 245.00 | 240.00 | 240.00 | 240.00 | 28,955 | 16:35:11 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Agents & Mgrs | 33.3M | -35.7M | -0.9506 | -2.52 | 90.14M |
TIDMPCA
RNS Number : 3018H
Palace Capital PLC
26 July 2023
26 July 2023
Palace Capital plc
("Palace Capital" or the "Company")
Result of AGM
Palace Capital (LSE: PCA) announces the results of the Company's Annual General Meeting held earlier today.
The resolutions were as set out in the Notice of Meeting, as filed with the National Storage Mechanism (https://data.fca.org.uk/#/nsm/nationalstoragemechanism) and are also available on the company's website, www.palacecapitalplc.com.
All resolutions were passed. Resolutions 1 to 10 were passed as ordinary resolutions and resolutions 11 and 12 were passed as special resolutions.
The total votes cast were as follows:
Resolution In Favour Votes Against Votes Votes Withheld No. % No. % ------------------- ------- --------------------- ------- --------------------- 1 Receive and approve the Accounts 27,481,400 98.90% 306,503 1.10% 1,528 ------------------- ------- --------------------- ------- --------------------- 2 Receive and approve the Directors' Remuneration report 25,106,757 90.38% 2,673,815 9.62% 6,811 ------------------- ------- --------------------- ------- --------------------- 3 Declare a final dividend of 3.75p 27,784,213 99.99% 3,690 0.01% 1,528 ------------------- ------- --------------------- ------- --------------------- 4 R e-appoint BDO LLP as auditors 27,475,947 98.88% 311,956 1.12% 1,528 ------------------- ------- --------------------- ------- --------------------- 5 A uthorise the Audit & Risk Committee to determine the auditors' remuneration 27,475,947 98.88% 311,956 1.12% 1,528 ------------------- ------- --------------------- ------- --------------------- 6 Re-e lect Steven Owen 20,232,998 77.10% 6,010,179 22.90% 1,546,254 ------------------- ------- --------------------- ------- --------------------- 7 Re-elect Matthew Simpson 26,563,575 95.59% 1,224,328 4.41% 1,528 ------------------- ------- --------------------- ------- --------------------- 8 Elect Mark Davies 27,275,409 98.16% 512,494 1.84% 1,528 ------------------- ------- --------------------- ------- --------------------- 9 New Short Term Incentive Plan 27,096,342 97.52% 689,923 2.48% 3,166 ------------------- ------- --------------------- ------- --------------------- 10 New Remuneration Policy 27,155,962 97.74% 629,303 2.26% 4,166 ------------------- ------- --------------------- ------- --------------------- 11 Market purchase of own shares 27,472,090 98.86% 315,813 1.14% 1,528 ------------------- ------- --------------------- ------- --------------------- 1 2 Calling general meetings on 14 days' notice 27,750,912 99.87% 36,991 0.13% 1 ,528 ------------------- ------- --------------------- ------- ---------------------
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.
The Board would like to thank shareholders for their engagement and support ahead of the AGM.
While most of the resolutions were passed with significant majorities, the Board notes that the resolution to Re-elect Mr Steven Owen, Executive Chairman, received less than 80% support.
The Company extensively engaged with its major shareholders in the lead up to the AGM in relation to the focus on the maximizing of cash returns to shareholders, the new Short Term Incentive Plan and Remuneration Policy which are aligned with this strategy.
The Company will continue to engage with its shareholders and in accordance with the provisions of the UK Corporate Governance Code the Board intends to provide an update on this engagement within six months of the AGM.
For further information please contact:
PALACE CAPITAL PLC
Steven Owen, Executive Chairman
Matthew Simpson, Chief Financial Officer
Tel. +44 (0)20 3301 8331
Broker
Numis Securities
Heraclis Economides / Oliver Hardy
Tel: +44 (0)20 7260 1000
Financial PR
FTI Consulting
Dido Laurimore/ Giles Barrie
Tel: +44 (0)20 3727 1000
palacecapital@fticonsulting.com
www.palacecapitalplc.com
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END
RAGUNAOROOUBUAR
(END) Dow Jones Newswires
July 26, 2023 09:15 ET (13:15 GMT)
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