PALACE CAPITAL PLC — AGM Information 2018

Jul 25, 2018

National Storage Mechanism | Additional information

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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 Votes		Against Votes		Withheld 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 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.

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