Results of the AGM
Released : 25/11/2019
RNS Number : 5892U
Town Centre Securities PLC
25 November 2019
25 November 2019
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 it's Annual General Meeting held on Monday 25 November 2019, all of the proposed resolutions as set out in the Notice of Annual General Meeting were passed on a show of hands. Total votes, including proxy votes received from shareholders by the Company in advance of the meeting, were as set out below:
R e s o l u t i o n | Votes for | % | V o t e s | % | T o t a l | % of | V o t e s | |||
a g a i n s t | s h a r e s f o r | t o t a l | w i t h h e l d | |||||||
a n d | voting | ** | ||||||||
a g a i n s t | r i g h t s | |||||||||
* | ||||||||||
1 | R e c e i v e a n d | 34,838,523 | 100.00% | 0 | 0.00% | 34,838,523 | 65.53% | |||
adopt the | 1,038,284 | |||||||||
f i n a n c i a l | ||||||||||
statements for | ||||||||||
t h e f i n a n c i a l | ||||||||||
year ended 30 | ||||||||||
June 2019 | ||||||||||
2 | Approve the | 33,025,538 | 96.05% | 1,356,905 | 3.95% | 34,382,443 | 64.67% | |||
Directors' | 1,494,364 | |||||||||
R e m u n e r a t i o n | ||||||||||
Report | ||||||||||
( e x c l u d i n g | ||||||||||
Directors' | ||||||||||
R e m u n e r a t i o n | ||||||||||
Policy) for the | ||||||||||
f i n a n c i a l y e a r | ||||||||||
ended 30 June | ||||||||||
2019 | ||||||||||
3 | D e c l a r e t h e | 35,876,807 | 100.00% | 0 | 0.00% | 35,876,807 | 67.49% | |||
f i n a l c a s h | ‐ | |||||||||
d i v i d e n d | ||||||||||
recommended | ||||||||||
by the Board | ||||||||||
4 | Re ‐ elect M Ziff | 34,774,584 | 97.07% | 1,047,339 | 2.93% | 35,821,923 | 67.38% | |||
a s a n o n ‐ | 54,884 | |||||||||
executive | ||||||||||
Director | ||||||||||
5 | Elect I Marcus | 33,985,865 | 94.88% | 1,833,358 | 5.12% | 35,819,223 | 67.38% | |||
a s a n o n ‐ | 57,584 | |||||||||
executive | ||||||||||
Director | ||||||||||
6 | Elect P | 35,570,718 | 99.30% | 251,205 | 0.70% | 35,821,923 | 67.38% | |||
H u b e r m a n a s | 54,884 | |||||||||
a n o n ‐ | ||||||||||
executive | ||||||||||
Director | ||||||||||
7 | Elect J Collins | 35,570,718 | 99.31% | 248,505 | 0.69% | 35,819,223 | 67.38% | |||
a s a n o n ‐ | 57,584 |
e x ecu t iv e | ||||||||||
Director | ||||||||||
8 | Elect E Ziff as | 34,043,010 | 95.03% | 1,778,913 | 4.97% | 35,821,923 | 67.38% | |||
an executive | 54,884 | |||||||||
Director | ||||||||||
9 | Elect B Ziff as | 35,820,838 | 99.99% | 1,085 | 0.01% | 35,821,923 | 67.38% | |||
an executive | 54,884 | |||||||||
Director | ||||||||||
10 | E l e c t L S h i l l a w | 34,779,874 | 97.09% | 1,042,049 | 2.91% | 35,821,923 | 67.38% | |||
a s a n | 54,884 | |||||||||
executive | ||||||||||
Director | ||||||||||
11 | Elect M Dilley | 35,820,838 | 99.99% | 1,085 | 0.01% | 35,821,923 | 67.38% | |||
a s a n | 54,884 | |||||||||
executive | ||||||||||
Director | ||||||||||
12 | R e ‐ a p p o i n t | 34,836,615 | 99.99% | 184 | 0.01% | 34,836,799 | 65.53% | |||
B D O a s | 1,040,008 | |||||||||
a u d i t o r s o f | ||||||||||
the Company | ||||||||||
13 | Authorise the | 35,873,802 | 99.99% | 3,005 | 0.01% | 35,876,807 | 67.49% | |||
Directors to | ‐ | |||||||||
determine the | ||||||||||
remuneration | ||||||||||
of the auditor | ||||||||||
14 | Authorise the | 35,803,982 | 99.85% | 52,768 | 0.15% | 35,856,750 | 67.45% | |||
Directors to | 20,057 | |||||||||
m a k e p o l i t i c a l | ||||||||||
d o n a t i o n s | ||||||||||
15 | Authorise the | 35,410,291 | 98.70% | 464,792 | 1.30% | 35,875,083 | 67.48% | |||
Board to allot | 1,724 | |||||||||
s h a r e s | ||||||||||
16 | Authorise the | 35,336,871 | 98.50% | 538,095 | 1.50% | 35,874,966 | 67.48% | |||
Directors to | 1,841 | |||||||||
a l l o t s h a r e s | ||||||||||
o t h e r w i s e | ||||||||||
than on a pre ‐ | ||||||||||
e m p t i v e b a s i s | ||||||||||
‐ g e n e r a l | ||||||||||
17 | Authorise the | 34,790,876 | 96.98% | 1,084,090 | 3.02% | 35,874,966 | 67.48% | |||
Directors to | 1,841 | |||||||||
d i s a p p l y p r e ‐ | ||||||||||
emption rights | ||||||||||
for purposes | ||||||||||
o f | ||||||||||
a c q u i s i t i o n s | ||||||||||
o r c a p i t a l | ||||||||||
i n v e s t m e n t s | ||||||||||
18 | Authorise to | 34,282,399 | 95.55% | 1,594,408 | 4.45% | 35,876,807 | 67.49% | |||
p u r c h a s e | ‐ | |||||||||
Company's | ||||||||||
o w n s h a r e s | ||||||||||
19 | Authorise the | 35,271,666 | 98.31% | 605,141 | 1.69% | 35,876,807 | 67.49% | |||
convening of | ‐ | |||||||||
g e n e r a l | ||||||||||
m e e t i n g s o n | ||||||||||
14 clear days' | ||||||||||
n o t i c e | ||||||||||
Resolutions 4 and 5 ‐ Excluding controlling shareholder votes | ||||||||||
R e s o l u t i o n | Votes for | % | V o t e s | % | T o t a l | % of | V o t e s | |||
a g a i n s t | s h a r e s f o r | t o t a l | w i t h h e l d | |||||||
a n d | voting | ** | ||||||||
a g a i n s t | r i g h t s | |||||||||
* | ||||||||||
5 | Elect I Marcus | 6,880,036 | 78.96% | 1,833,358 | 21.04% | 8,713,394 | 16.39% | |||
a s a n o n ‐ | 57,584 | |||||||||
executive | ||||||||||
Director | ||||||||||
6 | Elect P | 8,464,889 | 97.12% | 251,205 | 2.88% | 8,716,094 | 16.40% | |||
H u b e r m a n a s | 54,884 | |||||||||
a n o n ‐ | ||||||||||
executive | ||||||||||
Director | ||||||||||
7 | Elect J Collins | 8,464,889 | 97.15% | 248,505 | 2.85% | 8,713,394 | 16.39% | |||
a s a n o n ‐ | 57,584 | |||||||||
executive | ||||||||||
Director |
- 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
The Directors note the fact, when excluding controlling shareholder votes, that the proportion of non‐controlling shareholders voting to pass resolution 5 was 79.0%. The Directors intend to fully understand the concerns of shareholders who voted against this resolution and consider whether to initiate any changes to its policies as a result.
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 / 8742 |
Reg Hoare / Alistair de Kare‐Silver | |
tcs@mhpc.com |
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