REG - Macau Prop Opp Fund - Results of Extraordinary General Meeting

Macau Property Opportunities FundAnnouncement

04/12/2025 14:30

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RNS Number : 3273K  Macau Property Opportunities Fund  04 December 2025

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4 December 2025

 

Macau Property Opportunities Fund Limited

 

("MPO" or the "Company")

 

Results of Extraordinary General Meeting

 

The Company announces that at the Extraordinary General Meeting held at 9.00
am on 4 December 2025, 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 Resolution
 1.   THAT the Directors be authorised to issue New Ordinary Shares at the        36,698,267        99.89      40,305   0.11       0
 Issue Price (being a price which is less than the Net Asset Value per Ordinary
 Share).

 Special Resolution
 2.   THAT the Directors be granted the power to issue Relevant Securities        36,701,919        99.90      36,653   0.1        0
 (as defined in the Articles) under the authority conferred under Article 4.1
 of the Articles for cash as if the rights of pre-emption in Article 4.3 of the
 Articles did not apply to any such issue, by the disapplication of such rights
 of pre-emption in accordance with Article 4.3 of the Articles, provided that
 this power shall: (i) be limited to the allotment of 12,360,000 Relevant
 Securities in accordance with the Placing and (ii) expire a the conclusion of
 the Company's Annual General Meeting in 2026, save that the Company may before
 such expiry make any offer or agreement that would or might require equity
 securities to be allotted after such expiry and the Directors may allot
 Relevant Securities in pursuance of any such offer or agreement as if the
 power conferred hereby had not expired.

 Ordinary Resolution
 3.   THAT in addition to the authority granted pursuant to Resolution 1
 above, the Directors be authorised to issue a maximum of up to a further

 61,828,313 additional new Ordinary Shares in a fundraising in 2026 at an issue   36,698,267        99.89      40,305   0.11       0
 price per Ordinary Share representing a discount to the prevailing Net Asset
 Value per Ordinary Share published by the Company at the time of such
 issuance.
 Special Resolution
 4. THAT in addition to the authority granted pursuant to Resolution 2 above,     36,701,919        99.90      36,653   0.1        0
 the Directors be granted the power to issue Relevant Securities (as defined in
 the Articles) under the authority conferred under Article 4.1 of the Articles
 for cash as if the rights of pre-emption in Article 4.3 of the Articles did
 not apply to any such issue, by the disapplication of such rights of
 pre-emption in accordance with Article 4.3 of the Articles, provided that this
 power shall: (i) be limited to the allotment of a maximum of up to further
 61,828,313 Relevant Securities in a fundraising in 2026 and (ii) expire at the
 conclusion of the Company's Annual General Meeting in 2026, save that the
 Company may before such expiry make any offer or agreement that would or might
 require equity securities to be allotted after such expiry and the Directors
 may allot Relevant Securities in pursuance of any such offer or agreement as
 if the power conferred hereby had not expired.

 

 

The Company is pleased that shareholders have overwhelmingly approved the
resolutions, which related to both the recently announced placing of new
ordinary shares and a potential further issue of capital in the
future. However, as noted in the announcement on 27 November 2025, the
Company will not now be proceeding with the placing announced on 17 November
2025.

 

 

 

--Ends--

 

 

About Macau Property Opportunities Fund

Premium listed on the London Stock Exchange, Macau Property Opportunities Fund
Limited (http://mpofund.com) 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 (http://snipercapital.com/) ,
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 (mailto:info@snipercapital.com)

 

Corporate Broker

Panmure Liberum

Darren Vickers

Tel: +44 20 3100 2222

 

Company Secretary & Administrator

Ocorian Administration (Guernsey) Limited

Kevin Smith

Tel: +44 14 8174 2742

 

 

 

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