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.
| Circle Property Plc | +44 (0)20 7930 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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