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Town Centre Securities PLC shareholders passed all 19 proposed resolutions at the Annual General Meeting held on 22 November 2022. Key resolutions approved included the adoption of financial statements for the year ended 30 June 2022 with 100.00% of votes, the declaration of a final cash dividend with 100.00% of votes, and the election of all nominated directors. Additionally, BDO was re-appointed as auditors with 99.93% of votes for.
| Date | 23 Nov 2022 |
| Time | 07:00:04 |
| Category | AGMs and other meetings |
| ID | 2738H |
23 November 2022
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 its Annual General Meeting held on Tuesday 22 November 2022, all of the proposed resolutions as set out in the Notice of Annual General Meeting were passed on a poll of votes. Total votes received from shareholders by the Company either in advance of or as voted for at 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 2022 |
27,202,242 |
100.00% |
0 |
0.00% |
|
27,202,242 |
56.11% |
|
0 |
|
2 |
Approve the Directors' Remuneration Report (excluding Directors' Remuneration Policy) for the financial year ended 30 June 2022 |
26,935,657 |
99.05% |
257,264 |
0.95% |
|
27,192,921 |
56.09% |
|
9,321 |
|
3 |
Approve the Directors' Remuneration Policy |
26,797,810 |
98.52% |
401,611 |
1.48% |
|
27,199,421 |
56.10% |
|
2,821 |
|
4 |
Declare the final cash dividend recommended by the Board |
27,202,242 |
100.00% |
0 |
0.00% |
|
27,202,242 |
56.11% |
|
0 |
|
5 |
Elect M Ziff as a non-executive Director |
26,956,610 |
99.13% |
236,627 |
0.87% |
|
27,193,237 |
56.09% |
|
9,005 |
|
6 |
Elect I Marcus as a non-executive Director |
27,062,984 |
100.00% |
43 |
0.00% |
|
27,063,027 |
55.82% |
|
139,215 |
|
7 |
Elect P Huberman as a non-executive Director |
27,199,694 |
100.00% |
43 |
0.00% |
|
27,199,737 |
56.10% |
|
2,505 |
|
8 |
Elect J Collins as a non-executive Director |
27,199,694 |
100.00% |
43 |
0.00% |
|
27,199,737 |
56.10% |
|
2,505 |
|
9 |
Elect E Ziff as an executive Director |
26,962,847 |
99.13% |
236,890 |
0.87% |
|
27,199,737 |
56.10% |
|
2,505 |
|
10 |
Elect B Ziff as an executive Director |
27,199,737 |
100.00% |
0 |
0.00% |
|
27,199,737 |
56.10% |
|
2,505 |
|
11 |
Elect S MacNeill as an executive Director |
27,195,642 |
99.98% |
6,500 |
0.02% |
|
27,202,142 |
56.10% |
|
100 |
|
12 |
Re-appoint BDO as auditors of the Company |
26,946,824 |
99.93% |
20,000 |
0.07% |
|
26,966,824 |
55.62% |
|
235,418 |
|
13 |
Authorise the Directors to determine the remuneration of the auditor |
27,202,142 |
100.00% |
100 |
0.00% |
|
27,202,242 |
56.11% |
|
0 |
|
14 |
Authorise the Directors to make political donations |
21,096,566 |
99.96% |
8,984 |
0.04% |
|
21,105,550 |
43.53% |
|
6,096,692 |
|
15 |
Authorise the Board to allot shares |
27,060,211 |
99.48% |
142,031 |
0.52% |
|
27,202,242 |
56.11% |
|
0 |
|
16 |
Authorise the Board to Disapply Pre-emption Rights |
27,050,776 |
99.45% |
149,061 |
0.55% |
|
27,199,837 |
56.10% |
|
2,405 |
|
17 |
Authorise the Directors to disapply pre-emption rights for purposes of acquisitions or capital investments |
26,813,084 |
98.59% |
384,158 |
1.41% |
|
27,197,242 |
56.09% |
|
5,000 |
|
18 |
Authorise the Company to purchase own shares |
26,942,490 |
99.05% |
259,752 |
0.95% |
|
27,202,242 |
56.11% |
|
0 |
|
19 |
Authorise the convening of general meetings on 14 clear days' notice |
27,168,235 |
99.89% |
29,007 |
0.11% |
|
27,197,242 |
56.09% |
|
5,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Resolutions 6, 7 and 8 - Excluding controlling shareholder votes |
|
|
|
|
|
|||||
|
Resolution |
Votes for |
% |
Votes against |
% |
|
Total shares for and against |
% of total voting rights * |
|
Votes withheld ** |
|
|
6 |
Elect I Marcus as a non-executive Director |
536,858 |
99.99% |
43 |
0.01% |
|
536,901 |
1.11% |
|
139,215 |
|
7 |
Elect P Huberman as a non-executive Director |
673,568 |
99.99% |
43 |
0.01% |
|
673,611 |
1.39% |
|
2,505 |
|
8 |
Elect J Collins as a non-executive Director |
673,568 |
99.99% |
43 |
0.01% |
|
673,611 |
1.39% |
|
2,505 |
|
|
|
|
|
|
|
|
|
|
|
|
|
* As at the date of the Annual General Meeting, the total number of shares with voting rights in the Company is 48,484,408 |
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|
** A 'vote withheld' is not a vote in law and cannot be counted in the calculation of the votes for and against a resolution |
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Notice of half year results
The Company intends to announce its half year results for the six months ending 31 December 2022 no later than March 2023. A further announcement will be made to shareholders when a specific date is confirmed.
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
Stewart MacNeill, Group Finance Director
MHP Communications 020 3128 8567
Reg Hoare / Matthew Taylor tcs@mhpc.com