Town Centre Securities PLC Result of AGM (6253F)

TIDMTOWN

RNS Number : 6253F

Town Centre Securities PLC

17 November 2020

17 November 2020

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 its Annual General Meeting held on Tuesday 17 November 2020, all of the proposed resolutions as set out in the Notice of Annual General Meeting were passed on a poll of votes. Total votes received from shareholders by the Company in advance of the meeting, were as set out below:

 
          Resolution               Votes         %        Votes       %          Total       % of         Votes 
                                     for                 against                 shares      total       withheld 
                                                                                 for and     voting         ** 
                                                                                 against     rights 
                                                                                               * 
      Receive and 
       adopt the financial 
       statements 
       for the financial 
       year ended 
 1     30 June 2020              34,410,798   100.00%           0    0.00%     34,410,798    64.73%           743 
     -------------------------  -----------  --------  ----------  -------                 -------- 
      Approve the 
       Directors' 
       Remuneration 
       Report (excluding 
       Directors' 
       Remuneration 
       Policy) for 
       the financial 
       year ended 
 2     30 June 2020              33,069,646    99.09%     302,488    0.91%     33,372,134    62.77%     1,039,407 
     -------------------------  -----------  --------  ----------  -------                 -------- 
      Approve the 
       Directors' 
       Remuneration 
 3     Policy                    33,358,146    96.94%   1,051,568    3.06%     34,409,714    64.73%         1,827 
     -------------------------  -----------  --------  ----------  -------                 -------- 
      Declare the 
       final cash 
       dividend recommended 
 4     by the Board              34,407,748    99.99%       3,050    0.01%     34,410,798    64.73%           743 
     -------------------------  -----------  --------  ----------  -------                 -------- 
      Re-elect M 
       Ziff as a non-executive 
 5     Director                  33,345,182    96.97%   1,043,348    3.03%     34,388,530    64.69%        23,011 
     -------------------------  -----------  --------  ----------  -------                 -------- 
      Elect I Marcus 
       as a non-executive 
 6     Director                  33,105,450    96.21%   1,304,580    3.79%     34,410,030    64.73%         1,511 
     -------------------------  -----------  --------  ----------  -------                 -------- 
      Elect P Huberman 
       as a non-executive 
 7     Director                  34,410,030   100.00%           0    0.00%     34,410,030    64.73%         1,511 
     -------------------------  -----------  --------  ----------  -------                 -------- 
      Elect J Collins 
       as a non-executive 
 8     Director                  34,410,030   100.00%           0    0.00%     34,410,030    64.73%         1,511 
     -------------------------  -----------  --------  ----------  -------                 -------- 
      Elect E Ziff 
       as an executive 
 9     Director                  33,372,450    96.98%   1,037,580    3.02%     34,410,030    64.73%         1,511 
     -------------------------  -----------  --------  ----------  -------                 -------- 
      Elect B Ziff 
       as an executive 
 10    Director                  34,410,030   100.00%           0    0.00%     34,410,030    64.73%         1,511 
     -------------------------  -----------  --------  ----------  -------                 -------- 
      Elect M Dilley 
       as an executive 
 11    Director                  34,410,030   100.00%           0    0.00%     34,410,030    64.73%         1,511 
     -------------------------  -----------  --------  ----------  -------                 -------- 
      Re-appoint 
       BDO as auditors 
 12    of the Company            33,372,450   100.00%           0    0.00%     33,372,450    62.78%     1,039,091 
     -------------------------  -----------  --------  ----------  -------                 -------- 
      Authorise the 
       Directors to 
       determine the 
       remuneration 
 13    of the auditor            34,410,030   100.00%           0    0.00%     34,410,030    64.73%         1,511 
     -------------------------  -----------  --------  ----------  -------                 -------- 
      Authorise the 
       Directors to 
       make political 
 14    donations                 33,949,894    99.15%     290,759    0.85%     34,240,653    64.41%       170,888 
     -------------------------  -----------  --------  ----------  -------                 -------- 
      Authorise the 
       Board to allot 
 15    shares                    34,392,032    99.95%      17,998    0.05%     34,410,030    64.73%         1,511 
     -------------------------  -----------  --------  ----------  -------                 -------- 
      Authorise the 
       Directors to 
       allot shares 
       otherwise than 
       on a pre-emptive 
 16    basis - general           33,948,843    98.66%     461,187    1.34%     34,410,030    64.73%         1,511 
     -------------------------  -----------  --------  ----------  -------                 -------- 
      Authorise the 
       Directors to 
       disapply pre-emption 
       rights for 
       purposes of 
       acquisitions 
       or capital 
 17    investments               32,890,441    95.58%   1,519,589    4.42%     34,410,030    64.73%         1,511 
     -------------------------  -----------  --------  ----------  -------                 -------- 
      Authorise to 
       purchase Company's 
 18    own shares                34,375,300    99.90%      35,498    0.10%     34,410,798    64.73%           743 
     -------------------------  -----------  --------  ----------  -------                 -------- 
      Authorise the 
       convening of 
       general meetings 
       on 14 clear 
 19    days' notice              34,213,530    99.92%      27,268    0.08%     34,240,798    64.41%       170,743 
     -------------------------  -----------  --------  ----------  -------                 -------- 
 
 
 Resolutions 6, 7 and 8 - Excluding controlling 
  shareholder votes 
          Resolution               Votes         %        Votes       %          Total       % of         Votes 
                                     for                 against                 shares      total       withheld 
                                                                                 for and     voting         ** 
                                                                                 against     rights 
                                                                                               * 
      Elect I Marcus 
       as a non-executive 
 6     Director                   6,025,878    82.20%   1,304,580   17.80%      7,330,458    13.79%             0 
     -------------------------  -----------  --------  ----------  -------                 -------- 
      Elect P Huberman 
       as a non-executive 
 7     Director                   7,330,458   100.00%           0    0.00%      7,330,458    13.79%             0 
     -------------------------  -----------  --------  ----------  -------                 -------- 
      Elect J Collins 
       as a non-executive 
 8     Director                   7,330,458   100.00%           0    0.00%      7,330,458    13.79%             0 
     -------------------------  -----------  --------  ----------  -------                 -------- 
 
 * 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 
 

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

Reg Hoare / Alistair de Kare-Silver / Florence Mayo [e-mail]

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November 17, 2020 10:18 ET (15:18 GMT)