REG - Mountview Estates. - Result of Annual General Meeting

Mountview Estates P.L.C.Announcement

07/08/2019 15:15

RNS Number : 2982I
Mountview Estates PLC
07 August 2019
 


FOR IMMEDIATE RELEASE - 7 August 2019
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, all Resolutions were taken on a poll. 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 2019


2,939,851


100.00


0


0.00


2,939,851


75.40


0




2. to declare a final dividend of 200 pence per share


2,939,851


100.00


0


0.00


2,939,851


75.40


0




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


2,939,801


100.00


50


0.00


2,939,851


75.40


0




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


2,939,701


100.00


50


0.00


2,939,751


75.40


100




5. to re-elect Mrs M L Jarvis as a director of the Company


2,001,233


68.08


938,218


31.92


2,939,451


75.39


400




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


2,001,633


68.09


938,218


31.91


2,939,851


75.40


0




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


1,938,118


96.82


63,735


3.18


2,001,853


51.34


937,998







 



8.    to approve the Directors' Remuneration Report


1,997,786


67.96


942,065


32.04


2,939,851


75.40


0




9.  to re-appoint Messrs BSG Valentine as Auditors of the Company
 


1,998,416


67.98


941,435


32.02


2,939,851


75.40


0




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


2,001,853


100.00


0


0.00


2,001,853


51.34


937,998




 
Independent Resolutions:
 




11. to re-elect Mrs M L Jarvis as a director of the Company


179,481


16.06


938,268


83.94


1,117,749


28.67


400




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


179,831


16.08


938,218


83.92


1,118,049


28.68


100



 
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 today's Annual General Meeting supported Resolutions 5, 6, 8 and 9, we are disappointed that a notable number of shareholders opposed these Resolutions.  The Directors will 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 Jarvis 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 Jarvis and 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



 




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