Mountview Estates PLC Result of Annual General Meeting (2982I)

TIDMMTVW

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       %       Votes       %     Votes total     % of     Votes withheld 
                        for                against                          issued        (Note) 
                                                                             share 
                                                                            capital 
 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    www.Sparkadvisorypartners.com 
  Adviser) 
 Miriam Greenwood                              0203 368 3553 
 Mark Brady                                    0203 368 3551

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

RAGUBASRKAAWRAR

(END) Dow Jones Newswires

August 07, 2019 10:13 ET (14:13 GMT)

Mountview Estates (LSE:MTVW)
Historical Stock Chart
From Jun 2024 to Jul 2024