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30 Nov 2020 12:44
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30 November 2020
Macau Property Opportunities Fund Limited
("MPO" or the "Company")
Results of Annual General Meeting
The Company is pleased to announce that at the Annual General Meeting held at 09.00 am on 30 November 2020, each of the Resolutions tabled were duly passed without amendment.
The details of each resolution are as follows:
Resolution | For / Discretion | % of Vote | Against | % of Vote | Withheld |
Ordinary business | |||||
1. To receive and adopt the audited accounts, the Directors' Report, and the Auditor's Report for the year ended 30 June 2020.
|
37,853,433
| 99.99% | 4,155 | 0.01% | 2,811 |
2. To approve the Directors' Remuneration Report for the year ended 30 June 2020.
| 37,840,160 | 99.95% | 17,428 | 0.05% | 2,811 |
3. To authorise the Directors to determine the remuneration of the statutory auditor of the Company.
|
37,852,517
| 99.99% | 5,071 | 0.01% | 2,811 |
4. To re-appoint Wilfred Woo, who retires as a Director of the Company in accordance with the Alternative Investment Company Code of Corporate Governance ("AIC Code").
| 37,741,961 | 99.70% | 115,155 | 0.30% | 3,283 |
5. To re-appoint Mark Huntley, who retires as a Director of the Company, in accordance with the AIC Code.
| 37,742,433 | 99.70% | 115,155 | 0.30% | 2,811 |
6. To re-appoint Alan Clifton, who retires as a Director of the Company in accordance with the AIC Code.
| 34,498,827 | 93.80% | 2,280,057 | 6.20% | 1,081,515 |
Special business | |||||
Special Resolution
7. That the Articles of Incorporation as attached to the Notice of Annual General Meeting are hereby approved as the new Articles of Incorporation of the Company with immediate effect.
| 37,752,961 | 99.72% | 104,155 | 0.28% | 3,283 |
Special Resolution
8. To authorise the Company in accordance with Section 315 of The Companies (Guernsey) Law 2008 (the "Law") to make market purchases (as defined in Section 316 of the Law) either for retention as treasury shares, or cancellation, in line with the provisions stated in the Notice.
| 37,853,433 | 99.99% | 4,155 | 0.01% | 2,811 |
Ordinary Resolution
9. To extend the duration of the Company, in accordance with Article 38 of the Articles of Incorporation of the Company.
| 37,744,328 | 99.69% | 116,071 | 0.31% | 0 |
Articles of Incorporation
Following the successful vote in favour of Resolution 7, the Company has adopted the new Articles of Incorporation with immediate effect.
Continuation Vote
Following the successful vote in favour of Resolution 9, the Company will extend its duration in accordance with Article 38 of the Articles of Incorporation of the Company.
A copy of the Articles of Incorporation have been submitted to the National Storage Mechanism and will shortly be available for inspection at https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism.
--Ends--
About Macau Property Opportunities Fund
Premium listed on the London Stock Exchange, Macau Property Opportunities Fund Limited is a closed-end investment company registered in Guernsey and is the only quoted property fund dedicated to investing in Macau, the world's largest gaming market and the only city in China where gaming is legalised.
Launched in 2006, the Company targets strategic property investment and development opportunities in Macau. Its current portfolio comprises prime residential property assets.
The Company is managed by Sniper Capital Limited, an Asia-based property investment manager with an established track record in fund management and investment advisory.
Stock Code
London Stock Exchange: MPO
LEI
213800NOAO11OWIMLR72
For further information:
Manager
Sniper Capital Limited
Group Communications
Tel: +65 6222 1440
Email: info@snipercapital.com
Corporate Broker
Liberum Capital
Gillian Martin / Louis Davies
Tel: +44 20 3100 2234
Company Secretary & Administrator
Ocorian Administration (Guernsey) Limited
Kevin Smith
Tel: +44 14 8174 2742