1 December 2023
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 Friday 1 December 2023, 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 2023 | 26,448,828 | 99.99% | 2,040 | 0.01% | | 26,450,868 | 54.59% | | 203,012 |
| 2 | Approve the Directors' Remuneration Report (excluding Directors' Remuneration Policy) for the financial year ended 30 June 2023 | 25,898,747 | 97.93% | 548,200 | 2.07% | | 26,446,947 | 54.58% | | 206,933 |
| 3 | Declare the final cash dividend recommended by the Board | 26,447,628 | 99.99% | 3,340 | 0.01% | | 26,450,968 | 54.59% | | 202,912 |
| 4 | Re-elect M Ziff as a non-executive Director | 26,209,810 | 99.10% | 237,777 | 0.90% | | 26,447,587 | 54.58% | | 206,293 |
| 5 | Re-elect I Marcus as a non-executive Director | 26,261,833 | 99.29% | 189,035 | 0.71% | | 26,450,868 | 54.59% | | 203,012 |
| 6 | Re-elect P Huberman as a non-executive Director | 26,448,543 | 99.99% | 2,325 | 0.01% | | 26,450,868 | 54.59% | | 203,012 |
| 7 | Re-elect J Collins as a non-executive Director | 26,448,543 | 99.99% | 2,425 | 0.01% | | 26,450,968 | 54.59% | | 202,912 |
| 8 | Re-elect E Ziff as an executive Director | 25,996,841 | 98.98% | 267,317 | 1.02% | | 26,264,158 | 54.20% | | 389,722 |
| 9 | Re-elect B Ziff as an executive Director | 26,447,009 | 99.99% | 3,859 | 0.01% | | 26,450,868 | 54.59% | | 203,012 |
| 10 | Re-elect S MacNeill as an executive Director | 26,447,528 | 99.99% | 3,440 | 0.01% | | 26,450,968 | 54.59% | | 202,912 |
| 11 | Elect C Burrow as an executive Director | 26,447,528 | 99.99% | 3,340 | 0.01% | | 26,450,868 | 54.59% | | 203,012 |
| 12 | Re-appoint BDO as auditors of the Company | 26,213,376 | 99.99% | 2,174 | 0.01% | | 26,215,550 | 54.10% | | 438,330 |
| 13 | Authorise the Directors to determine the remuneration of the auditor | 26,448,694 | 99.99% | 2,274 | 0.01% | | 26,450,968 | 54.59% | | 202,912 |
| 14 | Authorise the Directors to make political donations | 26,235,412 | 99.89% | 28,846 | 0.11% | | 26,264,258 | 54.20% | | 389,622 |
| 15 | Authorise the Board to allot shares | 26,166,658 | 98.93% | 284,310 | 1.07% | | 26,450,968 | 54.59% | | 202,912 |
| 16 | Authorise the Board to Disapply Pre-emption Rights | 26,335,083 | 99.56% | 115,885 | 0.44% | | 26,450,968 | 54.59% | | 202,912 |
| 17 | Authorise the Directors to disapply pre-emption rights for purposes of acquisitions or capital investments | 25,917,704 | 97.98% | 533,264 | 2.02% | | 26,450,968 | 54.59% | | 202,912 |
| 18 | Authorise the Company to purchase own shares | 26,212,927 | 98.35% | 440,253 | 1.65% | | 26,653,180 | 55.01% | | 700 |
| 19 | Authorise the convening of general meetings on 14 clear days' notice | 26,430,594 | 99.92% | 20,374 | 0.08% | | 26,450,968 | 54.59% | | 202,912 |
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| Resolutions 5, 6 and 7 - Excluding controlling shareholder votes | | | | | | |||||
| Resolution | Votes for | % | Votes against | % | | Total shares for and against | % of total voting rights * | | Votes withheld ** | |
| 5 | Re-elect I Marcus as a non-executive Director | 5,979,484 | 96.94% | 189,035 | 3.06% | | 6,168,519 | 12.73% | | 203,012 |
| 6 | Re-elect P Huberman as a non-executive Director | 6,166,194 | 99.96% | 2,325 | 0.04% | | 6,168,519 | 12.73% | | 203,012 |
| 7 | Re-elect J Collins as a non-executive Director | 6,166,194 | 99.96% | 2,425 | 0.04% | | 6,168,619 | 12.73% | | 202,912 |
| | | | | | | | | | | |
| * As at the date of the Annual General Meeting, the total number of shares with voting rights in the Company is 48,455,599 | ||||||||||
| ** A 'vote withheld' is not a vote in law and cannot be counted in the calculation of the votes for and against a resolution | ||||||||||
Notice of half year results
The Company intends to announce its half year results for the six months ending 31 December 2023 no later than March 2024. 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 |
| MHP | |
| Reg Hoare / Matthew Taylor
| 020 3128 8100 |
| Liberum | |
| Jamie Richards / Lauren Kettle / Nikhil Varghese
| 020 3100 2123 |
| Peel Hunt | |
| Carl Gough / Henry Nicholls / Capel Irwin | 020 7418 8900 |
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