CAPITAL & COUNTIES PROPERTIES PLC - Results of General Meeting

Results of General Meeting

Capital & Counties Properties PLC
(Incorporated and registered in the United Kingdom and
Wales with registration Number 07145041 and registered in
South Africa as an external company with Registration
Number 2010/003387/10)
JSE code: CCO
ISIN: GB00B62G9D36


LEI: 549300TTXXZ1SHUI0D54

11 August 2020


CAPITAL & COUNTIES PROPERTIES PLC ("Capco" or "the Company")

RESULT OF THE GENERAL MEETING

On 30 May 2020 Capco announced that it had agreed to acquire a 26.3 per cent. shareholding
in Shaftesbury PLC ("Shaftesbury") across two tranches. The acquisition of the first tranche,
representing 20.94 per cent. of Shaftesbury's shares, completed on 3 June 2020.
The acquisition of the second tranche (representing 16.3 million shares or 5.31 per cent. of
Shaftesbury's shares) (the “Second Tranche”), when aggregated with the first tranche,
constitutes a Class 1 transaction pursuant to the Listing Rules. Accordingly, the agreement to
acquire the Second Tranche was conditional on the approval of Capco’s shareholders.
The Company published a Circular and Notice of General Meeting dated 21 July 2020
convening a General Meeting to consider, and if thought fit pass, an ordinary resolution
approving the acquisition of the Second Tranche (the “Resolution”).
The Board of Capco is pleased to announce that the Resolution was duly passed by
shareholders at the General Meeting of Capco held today. Completion of the acquisition of
the Second Tranche is expected to take place on 13 August 2020.
Full details of the voting figures are set out below.


 Resolution              For                           Against                        Percentage Votes
                                                                                      of issued withheld
                         Votes              %          Votes              %           share
                                                                                      capital
                                                                                      voted (%)

 To approve the          475,097,988 72.21             182,798,345 27.79                   77.30         5,625,089
 proposed
 acquisition of
 16,336,824
 shares of
 Shaftesbury


Notes:
1.       The full text of the Resolution is set out in the Notice of General Meeting forming part of the Circular dated
         21 July 2020.
2.       A vote withheld is not a vote in law and is not included in the calculation of the votes "For" or "Against" the
         resolution.
2.   Any proxy appointments which gave discretion to the Chairman have been included in the "For" total
3.   Total voting rights of shares in issue at the voting record time was 851,083,643, none of which were held in
     treasury. Every shareholder has one vote for every ordinary share held.



The Company notes the percentage of votes cast against the Resolution and will continue to
engage with Shareholders to address any concerns. The Company notes that selected proxy
agencies focussed on short-term share price movements which have been driven by relatively
low trading volumes. Discussions with Shareholders to date have indicated a strong level of
support for the investment and the Board of Capco remains of the view that it represents a
rare opportunity to acquire a significant interest in an exceptional mixed-use real estate
portfolio, adjacent to Capco’s world-class Covent Garden estate.

A copy of this announcement confirming the voting figures will be displayed shortly on the
Company's website at https://www.capitalandcounties.com/investors.

In accordance with the Listing Rules of the Financial Conduct Authority, a copy of the
Resolution will shortly be submitted to the National Storage Mechanism and will be available
for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

The definitions referenced in this announcement have the same meaning as given in the
Circular published on 21 July 2020, unless otherwise stated.

Enquiries:

Leigh McCaveny
Acting Company Secretary
Capital & Counties Properties PLC
+ 44 (0) 20 3214 9170

JSE Sponsor:
Merrill Lynch South Africa (Pty) Limited

About Capital & Counties Properties PLC

Capital & Counties Properties PLC is one of the largest listed property investment companies
in central London and is a constituent of the FTSE-250 Index. Capco's landmark estate at
Covent Garden was valued at £2.2 billion (as at 30 June 2020) where its ownership comprises
over 1.2 million square feet of lettable space. Capco owns a 20.94 per cent shareholding in
Shaftesbury PLC. The Company is listed on the London Stock Exchange and the
Johannesburg Stock Exchange.www.capitalandcounties.com

Date: 11-08-2020 07:05:00
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