CRC Circle Property Plc

TIDMCRC

RNS Number : 2507E

Circle Property PLC

04 November 2020

4 November 2020

Circle Property Plc

("Circle" or the "Company")

Result of Annual General Meeting

Circle Property Plc (AIM: CRC), which invests in, develops and actively manages well-located regional office assets, is pleased to announce that all resolutions put to shareholders at the Company's Annual General Meeting held today were duly passed.

The total votes were cast as follows:

 
 Resolution      For         %      Against    % 
 1            11,922,733   100.00      0      0.00 
             -----------  -------  --------  ----- 
 2            11,922,733   100.00      0      0.00 
             -----------  -------  --------  ----- 
 3            11,922,733   100.00      0      0.00 
             -----------  -------  --------  ----- 
 4            11,922,733   100.00      0      0.00 
             -----------  -------  --------  ----- 
 5            11,922,733   100.00      0      0.00 
             -----------  -------  --------  ----- 
 6            11,909,873   100.00      0      0.00 
             -----------  -------  --------  ----- 
 7            11,122,773   93.29    800,000   6.70 
             -----------  -------  --------  ----- 
 8            11,922,733   100.00      0      0.00 
             -----------  -------  --------  ----- 
 9            11,922,482   100.00     291     0.00 
             -----------  -------  --------  ----- 
 10           11,922,733   100.00      0      0.00 
             -----------  -------  --------  ----- 
 11           11,922,733   100.00     40      0.00 
             -----------  -------  --------  ----- 
 

Following the passing of the resolutions, inter alia, a final dividend of 2p per share will be paid on 6 November to shareholders on the register on 9 October 2020.

 
                           +44 (0)20 7930 
 Circle Property Plc        8503 
 John Arnold, CEO 
  Edward Olins, COO 
 
 Cenkos Securities plc    +44 (0)20 7397 8900 
 Katy Birkin 
  Mark Connelly 
 
  Radnor Capital 
  Joshua Cryer 
  Iain Daly                 +44 (0)20 3897 1830 
 Camarco                  +44 (0)20 3757 4980 
 Ginny Pulbrook 
  Oliver Head 
 

About Circle Property Plc

Circle is amongst the best performing quoted UK real estate companies by NAV total return (NAV growth and dividend) having delivered consistent returns with 101% NAV growth since IPO in 2016 in absolute terms.

Circle focusses on acquiring assets in regional cities, many of which have significant office supply constraints, and on office assets with active management potential (refurbishment opportunities, under-rented or vacant properties or short leases), rather than just maximising initial rental yields.

Circle is not a Real Estate Investment Trust (REIT) and can actively recycle proceeds from asset sales into its refurbishment and redevelopment pipeline, as well as future investment opportunities, therefore targeting a broader range of returns for shareholders, which are primarily driven by NAV growth.

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END

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