REG - Mountview Estates. - Result of AGM

Mountview Estates P.L.C.Announcement

11/08/2021 15:10

RNS Number : 3479I
  
Mountview Estates PLC
  
11 August 2021
  
 

FOR IMMEDIATE RELEASE - 11 August 2021
MOUNTVIEW ESTATES P.L.C.
 
 
Mountview Estates P.L.C.
("Mountview" or "the Company")
 
Result of Annual General Meeting
 
Mountview Estates P.L.C. announces the results of the voting on the resolutions at the Annual General Meeting held on 11 August 2021. A poll was held on each of the Resolutions. Resolutions 1 to 10 were passed by the requisite majority.  
 
All the Poll results of are set out below:
 




Resolution


Votes for


%


Votes against


%


Votes total


% of issued share capital


Votes withheld (Note)




1. to receive and adopt the Annual Report and Accounts for the year ended 31 March 2021.


3,072,339


100.00


0


0.00


3,072,339


78.80


1




2. to declare a final dividend of 225 pence per share.


3,072,339


100.00


0


0.00


3,072,339


78.80


1




3. to re-elect Mrs M. M. Bray as a director of the Company.


3,071,369


99.98


750


0.02


3,072,119


78.79


221




4. to re-elect Mr D. M. Sinclair as a director of the Company.


3,071,589


99.98


750


0.02


3,072,339


78.80


1




5. to re-elect Ms M. L. Archibald as a director of the Company.


2,133,230


69.44


938,889


30.56


3,072,119


78.79


221




6. to re-elect Mr A. W. Powell as a director of the Company.


2,052,791


67.45


990,574


32.55


3,043,365


78.05


28,975




7. to re-elect Dr A. R. Williams as a director of the Company.


2,053,552


96.21


80,789


3.79


2,134,341


54.74


937,999




8.  to approve the Directors' Remuneration Report.


2,133,588


69.45


938,689


30.55


3,072,277


78.80


63




9.  to re-appoint BSG Valentine (UK) LLP as Auditors of the Company.
 


2,134,291


69.47


938,048


30.53


3,072,339


78.80


1




10.  to authorise the Directors to determine the Auditors' remuneration.


3,072,289


99.99


50


0.01


3,072,339


78.80


1




 
Independent Resolutions:
 




11. to re-elect Ms M. L. Archibald as a director of the Company.


183,694


16.36


938,794


83.64


1,122,488


28.79


487,770




12. to re-elect Mr A. W. Powell as a director of the Company.


93,785


8.65


990,479


91.35


1,084,264


27.81


516,524



 
 
 
 
 
 
 
 
 
 
 
 



 
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 Directors note that while a significant majority of shareholders that voted at the Annual General Meeting supported Resolutions 5, 6, 8 and 9, we are disappointed that a notable number of shareholders opposed these Resolutions.  The Directors intend to engage with shareholders to obtain feedback on their concerns and will publish an update on that engagement within six months of the date of the Annual General Meeting. 
 
The Company is also disappointed to note that Resolutions 11 and 12, to re-elect Mhairi Archibald and 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 FCA's 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 Mhairi Archibald and Tony Powell as Directors of the Company.  
 
A further announcement will be made in due course.
 
As as the date of the Annual General Meeting, the Company's issued share capital was 3,899,014 ordinary shares carrying one vote each.
 
~Ends~
 
For further information on the Company, visit: www.mountviewplc.co.uk  
 




SPARK Advisory Partners Limited (Financial Adviser)


www.sparkadvisorypartners.com  




Mark Brady - 020 3368 3550


 




 

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