Last checked at 8 Aug 2018 16:02
FOR IMMEDIATE RELEASE - 8 August 2018
MOUNTVIEW ESTATES P.L.C.
Mountview Estates P.L.C.
("Mountview" or "the Company")
Result of Annual General Meeting
Mountview Estates P.L.C. is pleased to announce that at the Annual General Meeting held today, Resolutions 1, 2, 4 and 7 were duly passed on a show of hands.
A poll was held on Resolutions 3, 5, 6, 8 and 9 the results of which are set out below:
Resolution | Votes for | % | Votes against | % | Votes total | % of issued share capital | Votes withheld (Note) |
3. to re-elect Mr A C J Solway as a director of the Company | 2,175,602 | 70.13 | 926,547 | 29.87 | 3,102,149 | 79.56% | 966 |
5. to approve the Directors' Remuneration Report
| 2,171,008 | 70.06 | 927,697 | 29.94 | 3,098,705 | 79.47% | 5,510 |
6. to re-appoint Messrs BSG Valentine as Auditors of the Company
| 2,173,752 | 70.12 | 926,513 | 29.88 | 3,100,265 | 79.51% | 3,950 |
Independent Resolutions:
| |||||||
8. to re-elect Mr A C J Solway as a director of the Company | 226,437 | 19.62 | 927,647 | 80.38 | 1,154,084 | 29.60% | 1,050,934 |
9. to elect Mr A W Powell as a director of the Company | 220,059 | 19.18 | 927,347 | 80.82 | 1,147,406 | 29.43% | 1,057,612 |
Note: A 'vote withheld' is not a vote under English law and is not counted in the calculation of votes 'for' or 'against' a resolution.
The Company is disappointed to note that Resolutions 8 and 9, to re-elect Tony Solway and to elect Tony Powell as Directors of the Company, were not approved by a majority of the Company's independent shareholders. The Company is entitled, in accordance with the UKLA Listing Rules, to convene a general meeting (to be held within 90 and 120 days of today's date) at which resolutions may be put to the meeting to re-appoint Tony Solway and appoint Tony Powell as Directors of the Company. A further announcement will be made in due course.
~Ends~
For further information on the Company, visit: www.mountviewplc.co.uk
SPARK Advisory Partners Limited (Financial Adviser) | www.Sparkadvisorypartners.com |
Miriam Greenwood | 0203 368 3553 |
Mark Brady | 0203 368 3551 |