Business
Acquisition of Sol Central - Result of GM
Acquisition of Sol Central - Result of GM.
About this update from Palace Capital Plc
[{"type":"text","content":"\n \nRNS Number : 2845Q Palace Capital PLC 16 June 2015 \n \n\nPalace Capital plc\n(\"Palace Capital\" or the \"Company\")\n \nAcquisition of Sol Central and Placing - Result of general meeting\n \nFurther to the announcement made by Palace Capital, the property investment company that focuses on commercial property outside London, on 28 May 2015 regarding the proposed acquisition of O&H Northampton Limited, the owner of Sol Central, the Company is pleased to announce that at the general meeting of the Company, held earlier today, all resolutions were duly passed.\n \nApplication has been made for the 5,555,556 Placing Shares to be admitted to trading on AIM. Such Admission is expected to become effective at 8.00 a.m. on 17 June 2015. \n \nThe Placing Shares will not rank for the proposed final dividend of 7.0 pence per Existing Ordinary Share, announced by the Company on 28 May 2015. The Placing Shares will trade initially on AIM under TIDM PCA2.L, with ISIN GB00BWVG1852. On 3 August 2015, following the dividend payment date on 31 July 2015 (assuming shareholder approval for the payment of the final dividend is received at the Company's annual general meeting), the Placing Shares will be merged with the Existing Ordinary Shares and trade on AIM under TIDM PCA.L with ISIN GB00BF5SGF06. Following merger with the Existing Ordinary Shares, the Placing Shares will rank pari passu in all respects with the Existing Ordinary Shares and therefore will rank equally for all future dividends or other distributions declared, made or paid after the date of the Existing Ordinary Shares and Placing Shares being merged under the same TIDM and ISIN.\n \nTotal voting rights\n \nOn Admission the Company's Enlarged Share Capital on a merged basis shall consist of 25,781,229 Ordinary Shares of 10p each. The Company does not hold any Ordinary Shares in treasury.\n \nThe above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.\n \nThe same definitions apply throughout this announcement as are applied in the Circular, published on 28 May 2015, copies of wh...