REG - Macau Prop Opp Fund - Result of AGM

Macau Property Opportunities FundAnnouncement

29/11/2019 13:40

RNS Number : 1919V
Macau Property Opportunities Fund
29 November 2019
 


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, SOUTH AFRICA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
29 November 2019
 
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 10.30 am on 29 November 2019, 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 2019.
 


40,607,219


99.94%


23,555


0.06%


0




2.   To approve the Directors' Remuneration Report for the year ended 30 June 2019.
 


40,597,915


99.94%


23,555


0.06


9,304




3.   To re-appoint Ernst & Young LLP, who have indicated their willingness to act, as auditors of the Company to hold office until the next Annual General Meeting of the Company.
 


40,612,412


99.98%


9,057


0.02


9,304




4.   To authorise the Directors to determine the remuneration of Ernst & Young LLP.
 


40,607,219


99.94%


23,555


0.06


 
0
 




5.   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").
 


40,607,219


99.94%


23,555


0.06


0




6.   To re-appoint Mark Huntley, who retires as a Director of the Company, in accordance with the AIC Code.
 


39,420,765


97.02%


1,210,008


2.98


0




7.   To re-appoint Alan Clifton, who retires as a Director of the Company in accordance with the AIC Code.
 


38,641,993


95.11%


1,988,781


4.89


0




Special business


 


 


 


 


 




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.


40,623,399


99.98%


7,375


0.02%


0




Ordinary Resolution
 
9.   To extend the duration of the Company, in accordance with Article 38 of the Articles of Incorporation of the Company to 30 November 2020.
 


40,193,606


98.92%


437,167


1.08%


0




 
Directorate Change
 
Following the AGM, Mr. Ashworth retired from the Board with immediate effect.
The Board wishes to thank Mr. Ashworth for his considerable contribution to the Company. Mr. Ashworth will continue in his role with the Manager.
 
 
--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
Estera International Fund Managers (Guernsey) Limited
Kevin Smith
Tel: +44 14 8174 2742
 
 
 




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