PALACE CAPITAL PLC

AGM Information • Aug 7, 2020

National Storage Mechanism | Additional information

RNS Number : 5385V

Palace Capital PLC

07 August 2020

7 August 2020

Palace Capital plc

("Palace Capital" or the "Company")

Result of AGM

Palace Capital (LSE: PCA), the UK REIT that has a UK regional commercial real estate portfolio with a bias towards the office and industrial sectors in carefully selected locations outside of 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 46,088,928 ordinary shares in issue, excluding shares held in Treasury.

All resolutions were passed with resolutions 1 to 13 passed as ordinary resolutions and resolutions 14 to 18 passed as special resolutions.

The total votes cast were as follows:

Resolution	In Favour Votes		Against Votes		Withheld Votes*
	No.	%	No.	%
1 Receive and approve the Accounts	34,369,816	99.99	131	0.01	0
2 Receive and approve the Directors' Remuneration report	30,085,568	92.91	2,297,378	7.09	1,987,001
3 Declare a final dividend of 2.5p	34,369,816	99.99	131	0.01	0
4 Re-elect Mickola Wilson	33,769,268	98.25	600,679	1.75	0
5 Re-elect Stanley Davis	34,165,617	99.41	204,330	0.59	0
6 Re-elect Neil Sinclair	34,366,816	99.99	3,131	0.01	0
7 Re-elect Richard Starr	34,369,816	99.99	131	0.01	0
8 Re-elect Stephen Silvester	34,369,816	99.99	131	0.01	0
9 Re-elect Kim Taylor-Smith	33,769,268	98.25	600,679	1.75	0
10 Elect Paula Dillon	34,367,816	99.99	131	0.01	2,000
11 Re-appoint BDO LLP	34,367,816	99.99	131	0.01	2,000
12 Authorise the Audit & Risk Committee to determine the auditors' remuneration	34,369,816	99.99	131	0.01	0
13 The Directors be authorised to allot shares in the Company	34,301,218	99.82	63,229	0.18	5,500
14 General disapplication of pre-emption rights	33,334,012	97.01	1,027,435	2.99	8,500
15 Additional authority to disapply pre-emption rights	33,334,012	97.01	1,027,435	2.99	8,500
16 Market purchase of own shares	34,362,706	99.98	7,241	0.02	0
17 Calling general meetings on 14 days' notice	34,163,457	99.40	206,490	0.6	0
18 The share premium  account of the Company be cancelled	34,369,816	99.99	131	0.01	0

*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

Broker

Numis Securities

Heraclis Economides / George Fry

Tel: +44 (0)20 7260 1000

Broker

Arden Partners plc

Corporate Finance: Paul Shackleton / Ciaran Walsh / Daniel Gee-Summons

Corporate Broking: James Reed-Daunter

Tel: +44 (0)207 614 5900

Financial PR 

FTI Consulting

Claire Turvey / Methuselah Tanyanyiwa

Tel: +44 (0)20 3727 1000

palacecapital@fticonsulting.com

About Palace Capital plc (www.palacecapitalplc.com):

Palace Capital is a property investment company with a premium listing on the Main Market of the London Stock Exchange (Stock Code: PCA). The Company owns a diversified regional portfolio across the UK and has a reputation for being entrepreneurial and opportunistic. Palace Capital acquires properties where it can enhance the long-term income and capital value through asset management and strategic capital development in locations outside London.

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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