REG - Mountview Estates. - Result of Annual General Meeting

Mountview Estates P.L.C.Announcement

13/08/2025 14:00

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RNS Number : 2171V  Mountview Estates PLC  13 August 2025

FOR IMMEDIATE RELEASE - 13 August 2025

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 13 August 2025. A poll was
held on each of the Resolutions. Resolutions 1 to 11 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 consider the Annual Report and Accounts for the year ended  3,188,576  99.97%  822            0.03%          3,189,398    81.80%                     300
 31 March 2025.
 2. to declare a final dividend of 275 pence per share.                        2,897,773  90.85%  291,925        9.15%          3,189,698    81.81%                     0
 3. to re-elect Mrs M. M. Bray as a director of the Company.                   2,045,377  64.13%  1,143,961      35.87%         3,189,338    81.80%                     360
 4. to re-elect Mr D. M. Sinclair as a director of the Company.                2,045,777  64.14%  1,143,921      35.86%         3,189,698    81.81%                     0
 5. to re-elect Mr A. W. Powell as a director of the Company.                  2,018,950  63.79%  1,145,844      36.21%         3,164,794    81.17%                     24,904
 6. to re-elect Dr A. R. Williams as a director of the Company.                2,019,185  86.22%  322,693        13.78%         2,341,878    60.06%                     847,820
 7. to elect Ms T. E. B. Hartley as a director of the Company.                 2,049,593  64.27%  1,139,605      35.73%         3,189,198    81.79%                     500
 8.  to approve the Directors' Remuneration Report.                            2,042,300  64.08%  1,144,658             35.92%               81.74%                     2,740

                                                                                                                                3,186,958

 9.  to approve the Directors' Remuneration Policy.                            2,039,725  64.08%  1,143,439             35.92%  3,183,164    81.64%                     6,534
 10.  to appoint Messrs Moore Kingston Smith LLP as Auditors of the Company.   2,338,310  73.41%  847,088               26.59%  3,185,398    81.70%                     4,300
 11.  to authorise the Directors to determine the Auditors' remuneration.      2,895,606  90.78%  294,092               9.22%   3,189,698    81.81%                     0

 Independent Resolutions:

 12. to re-elect Mr A. W. Powell as a director of the Company.                 251,141    17.98%  1,145,809             82.02%  1,396,950    35.83%                     24,904
 13. to elect Ms T. E. B. Hartley as a director of the Company.                281,658    19.82%  1,139,696             80.18%  1,421,354    36.45%                     500

 

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 3, 4, 5, 7, 8, 9,
10, 12 and 13, 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 12 and 13, to
re-elect Tony Powell and to elect Tracey Hartley 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 UK 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 Tony
Powell and to appoint Tracey Hartley 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
(http://www.mountviewplc.co.uk)

 

 SPARK Advisory Partners Limited (Financial Adviser)  www.sparkadvisorypartners.com (http://www.sparkadvisorypartners.com)
 Mark Brady - 020 3368 3550

 

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