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3 Jun 2011 14:00
3rd June 2011
Speymill Macau Property Company Plc ("MACAU" or "the Company")
AGM Result
Speymill Macau Property Company plc (AIM:MCAU), the Macau focused residential investment property company listed on AIM, announces that at the Annual General Meeting ("AGM") held today at 10.00am, the following resolutions were duly passed as ordinary resolutions:
Resolution 1
The Report of the Investment Manager, Report of the Directors, Auditors' Report and the Audited Consolidated Financial Statements of the Company for the year to 31 December 2010 were received adopted.
Resolution 2
KPMG Audit LLC Isle of Man was re-appointed auditors of the Company for the year to 31 December 2011.
Resolution 3
The directors were authorised to determine the remuneration of the Auditors.
Resolution 4
The company be authorised to make market purchases of its own shares as follows:
i) the maximum number of shares authorised to be purchased is up to 14.99 per cent of the shares in issue at the time of the passing of this resolution;
ii) the minimum price which may be paid for each Ordinary Share is 10 US cents per share;
iii) the maximum price which may be paid for an Ordinary Share shall not be more than 5 per cent above the average of the middle market quotations for an Ordinary Share for the five business days immediately preceding the date on which the Ordinary Share is purchased; and
iv) this authority will expire on the earlier of 15 months from the passing of this resolution or the conclusion of the next annual general meeting.
Enquiries
Galileo Fund Services Limited
(Administrator)
Ian Dungate
Suzanne Jones
+44 1624 692600
Matrix Corporate Capital LLP (Nominated Adviser and Broker) Paul Fincham Jonathan Becher +44 20 3206 7000
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