15 February 2023
Circle Property Plc
("Circle" or the "Company")
Results of Extraordinary General Meeting
Circle Property plc (AIM: CRC), is pleased to announce that all four of the resolutions ("Resolutions") put to shareholders at the Company's Extraordinary General Meeting held today were duly passed.
All the Resolutions were proposed as special resolutions and all votes were by poll vote where proxies were cast.
The votes received in respect of each of the Resolutions were as follows:
| Resolution | For | % | Against | % |
| 1 - To reduce the stated capital of the Company.
| 19,765,921 | 99.99 | 1,647 | 0.01 |
| 2 - To amend the articles of association of the Company by inserting New Article 167.
| 19,765,921 | 99.99 | 1,647 | 0.01 |
| 3 - Conditional upon New Article 167 being adopted pursuant to resolution 2 above, to authorise the Directors to make B Share Issues.
| 19,765,921 | 99.99 | 1,647 | 0.01 |
| 4 - Conditional upon resolutions 1, 2 and 3 above, to give the Directors authority to allot B Shares.
| 19,765,921 | 99.99 | 1,647 | 0.01 |
Following the passing of the Resolutions, the Company will now proceed with the capital reduction, adoption of new articles and, in due course, the Returns of Capital by way of B Share Issues (as defined in the circular posted to shareholders on 20 January 2023).
Further to the announcement dated 20 January 2023, the Company applied to HMRC for reporting fund status on 27 January 2023. Subject to successful application for reporting fund status, the Board expects that the first Return of Capital will take place in March 2023.
Further announcements will be made in due course, as appropriate.
Enquiries:
| Circle Property Plc | +44 (0)20 7930 8503 |
| John Arnold, CEO Edward Olins, COO | |
| | |
| Cenkos Securities plc | +44 (0)20 7397 8900 |
| Katy Birkin George Lawson
Radnor Capital Joshua Cryer Iain Daly
|
+44 (0)20 3897 1830 |
| Camarco | +44 (0)20 3757 4980 |
| Ginny Pulbrook Toby Strong | |
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