Results of Extraordinary General Meeting

RNS Number : 0568Q

Circle Property PLC

15 February 2023

 

15 February 2023

Circle Property Plc

("Circle" or the "Company")

Results of Extraordinary General Meeting

Circle Property plc (AIM: CRC), is pleased to announce that all four of the resolutions ("Resolutions") put to shareholders at the Company's Extraordinary General Meeting held today were duly passed.

All the Resolutions were proposed as special resolutions and all votes were by poll vote where proxies were cast.

 The votes received in respect of each of the Resolutions were as follows:

Resolution	For	%	Against	%
1 - To reduce the stated capital of the Company.	19,765,921	99.99	1,647	0.01
2 - To amend the articles of association of the Company by inserting New Article 167.	19,765,921	99.99	1,647	0.01
3 - Conditional upon New Article 167 being adopted pursuant to resolution 2 above, to authorise the Directors to make B Share Issues.	19,765,921	99.99	1,647	0.01
4 - Conditional upon resolutions 1, 2 and 3 above, to give the Directors authority to allot B Shares.	19,765,921	99.99	1,647	0.01

Following the passing of the Resolutions, the Company will now proceed with the capital reduction, adoption of new articles and, in due course, the Returns of Capital by way of B Share Issues (as defined in the circular posted to shareholders on 20 January 2023).

Further to the announcement dated 20 January 2023, the Company applied to HMRC for reporting fund status on 27 January 2023. Subject to successful application for reporting fund status, the Board expects that the first Return of Capital will take place in March 2023.

Further announcements will be made in due course, as appropriate.

Enquiries:

Circle Property Plc	[phone]
John Arnold, CEO Edward Olins, COO
Cenkos Securities plc	[phone]
Katy Birkin George Lawson Radnor Capital Joshua Cryer Iain Daly	[phone]
Camarco	[phone]
Ginny Pulbrook Toby Strong

 

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