Results of the AGM

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:

Resolution

Votes for

%

Votes against

%

 

Total shares for and against

% of total voting rights *

 

Votes withheld **

1

Receive and adopt the financial statements for the financial year ended 30 June 2019

34,838,523

100.00%

0

0.00%

 

34,838,523

65.53%

 

  1,038,284

2

Approve the Directors' Remuneration Report (excluding Directors' Remuneration Policy) for the financial year ended 30 June 2019

33,025,538

96.05%

1,356,905

3.95%

 

34,382,443

64.67%

 

  1,494,364

3

Declare the final cash dividend recommended by the Board

35,876,807

100.00%

0

0.00%

 

35,876,807

67.49%

 

               -  

4

Re-elect M Ziff as a non-executive Director

34,774,584

97.07%

1,047,339

2.93%

 

35,821,923

67.38%

 

       54,884

5

Elect I Marcus as a non-executive Director

33,985,865

94.88%

1,833,358

5.12%

 

35,819,223

67.38%

 

       57,584

6

Elect P Huberman as a non-executive Director

35,570,718

99.30%

251,205

0.70%

 

35,821,923

67.38%

 

       54,884

7

Elect J Collins as a non-executive Director

35,570,718

99.31%

248,505

0.69%

 

35,819,223

67.38%

 

       57,584

8

Elect E Ziff as an executive Director

34,043,010

95.03%

1,778,913

4.97%

 

35,821,923

67.38%

 

       54,884

9

Elect B Ziff as an executive Director

35,820,838

99.99%

1,085

0.01%

 

35,821,923

67.38%

 

       54,884

10

Elect L Shillaw as an executive Director

34,779,874

97.09%

1,042,049

2.91%

 

35,821,923

67.38%

 

       54,884

11

Elect M Dilley as an executive Director

35,820,838

99.99%

1,085

0.01%

 

35,821,923

67.38%

 

       54,884

12

Re-appoint BDO as auditors of the Company

34,836,615

99.99%

184

0.01%

 

34,836,799

65.53%

 

  1,040,008

13

Authorise the Directors to determine the remuneration of the auditor

35,873,802

99.99%

3,005

0.01%

 

35,876,807

67.49%

 

               -  

14

Authorise the Directors to make political donations

35,803,982

99.85%

52,768

0.15%

 

35,856,750

67.45%

 

       20,057

15

Authorise the Board to allot shares

35,410,291

98.70%

464,792

1.30%

 

35,875,083

67.48%

 

         1,724

16

Authorise the Directors to allot shares otherwise than on a pre-emptive basis - general

35,336,871

98.50%

538,095

1.50%

 

35,874,966

67.48%

 

         1,841

17

Authorise the Directors to disapply pre-emption rights for purposes of acquisitions or capital investments

34,790,876

96.98%

1,084,090

3.02%

 

35,874,966

67.48%

 

         1,841

18

Authorise to purchase Company's own shares

34,282,399

95.55%

1,594,408

4.45%

 

35,876,807

67.49%

 

               -  

19

Authorise the convening of general meetings on 14 clear days' notice

35,271,666

98.31%

605,141

1.69%

 

35,876,807

67.49%

 

               -  

 

 

 

 

 

 

 

 

 

 

 

Resolutions 4 and 5 - Excluding controlling shareholder votes

 

 

 

 

 

Resolution

Votes for

%

Votes against

%

 

Total shares for and against

% of total voting rights *

 

Votes withheld **

5

Elect I Marcus as a non-executive Director

6,880,036

78.96%

1,833,358

21.04%

 

8,713,394

16.39%

 

       57,584

6

Elect P Huberman as a non-executive Director

8,464,889

97.12%

251,205

2.88%

 

8,716,094

16.40%

 

       54,884

7

Elect J Collins as a non-executive Director

8,464,889

97.15%

248,505

2.85%

 

8,713,394

16.39%

 

       57,584

 

 

 

 

 

 

 

 

 

 

 

* 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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