Macau Property Opportunities Fund Result of AGM (4936W)

TIDMMPO

RNS Number : 4936W

Macau Property Opportunities Fund

22 December 2021

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

22 December 2021

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 09.00 am on 22 December 2021, each of the Resolutions tabled were duly passed without amendment.

The details of each resolution are as follows:

 
 Resolution                            For / Discretion   % of     Against     % of    Withheld 
                                                           Vote                 Vote 
 Ordinary business 
                                      -----------------  -------  ----------  ------  ---------- 
  1. To receive and adopt the 
   audited accounts, the Directors' 
   Report, and the Auditor's 
   Report for the year ended 
   30 June 2021.                           30,442,824     99.99%     4,155     0.01%     1,651 
                                      -----------------  -------  ----------  ------  ---------- 
  2. To approve the Directors' 
   Remuneration Report for the 
   year ended 30 June 2021.               30,441,436      99.98%     5,071     0.02%     2,123 
                                      -----------------  -------  ----------  ------  ---------- 
  3. To appoint Deloitte 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.               30,442,824       99.99%     4,155     0.01%     1,651 
                                      -----------------  -------  ----------  ------  ---------- 
  4. To authorize the Directors 
   to determine the remuneration 
   of Deloitte LLP.                       30,442,824      99.99%     4,155     0.01%     1,651 
                                      -----------------  -------  ----------  ------  ---------- 
  5. To re-appoint Mark Huntley, 
   who retires as a Director 
   of the Company, in accordance 
   with the AIC Code.                     30,439,290      99.98%     5,071     0.02%     4,269 
                                      -----------------  -------  ----------  ------  ---------- 
  6. To re-appoint Alan Clifton, 
   who retires as a Director 
   of the Company in accordance 
   with the AIC Code.                     27,203,774      92.61%   2,169,973   7.39%   1,074,883 
                                      -----------------  -------  ----------  ------  ---------- 
  Special business 
                                      -----------------  -------  ----------  ------  ---------- 
 Special Resolution 
 
  7. 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.                30,440,824         99.98%     6,155     0.02%     1,651 
                                      -----------------  -------  ----------  ------  ---------- 
  Ordinary Resolution 
 
   8. To extend the duration 
   of the Company, in accordance 
   with Article 38 of the Articles 
   of Incorporation of the Company.    30,441,908         99.98%     5,071     0.02%     1,651 
                                      -----------------  -------  ----------  ------  ----------

Continuation Vote

Following the successful vote in favour of Resolution 8, the Company will extend its duration in accordance with Article 38 of the Articles of Incorporation of the Company.

The Board continues towards the appointment of an additional independent director to replace Mr Wilfred Woo who retired at the AGM and will announce an appointment when the process has concluded. Following the approval of continuation of the Company as currently constituted, the Board will work with the Manager to reach agreement on a variation to the fees paid and will make a further announcement once agreed.

--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

Darren Vickers / Owen Matthews

Tel: +44 20 3100 2234

Company Secretary & Administrator

Ocorian Administration (Guernsey) Limited

Kevin Smith

Tel: +44 14 8174 2742

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