TIDMMTVW
RNS Number : 9637V
Mountview Estates PLC
12 August 2020
FOR IMMEDIATE RELEASE - 12 August 2020
MOUNTVIEW ESTATES P.L.C.
The following amendment has been made to the 'Result of Annual
General Meeting' announcement released on 12 August 2020 at
13.04hrs under RNS No 9521V.
The votes cast for Resolution 6 were 2,065,123. All other
details remain unchanged.
The full amended text is shown below.
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 12 August
2020. 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 % 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
2020 3,068,886 100.00 0 0.00 3,068,886 78.71 0
---------- ------- ---------- ------ ------------ --------- ---------------
2. to declare
a final
dividend
of 200 pence
per share 3,068,886 100.00 0 0.00 3,068,886 78.71 0
---------- ------- ---------- ------ ------------ --------- ---------------
3. to re-elect
Mrs M M
Bray as
a director
of the Company 3,068,836 99.99 50 0.01 3,068,886 78.71 0
---------- ------- ---------- ------ ------------ --------- ---------------
4. to re-elect
Mr D M Sinclair
as a director
of the Company 3,068,836 99.99 50 0.01 3,068,886 78.71 0
---------- ------- ---------- ------ ------------ --------- ---------------
5. to re-elect
Ms M L Archibald
as a director
of the Company 2,130,538 69.42 938,348 30.58 3,068,886 78.71 0
---------- ------- ---------- ------ ------------ --------- ---------------
6. to re-elect
Mr A W Powell
as a director
of the Company 2,065,123 67.29 1,003,763 32.71 3,068,886 78.71 0
---------- ------- ---------- ------ ------------ --------- ---------------
7. to re-elect
Dr A R Williams
as a director
of the Company 2,065,423 96.93 65,465 3.07 2,130,888 54.65 937,998
---------- ------- ---------- ------ ------------ --------- ---------------
8. to approve
the Directors'
Remuneration
Report 2,130,838 69.43 938,048 30.57 3,068,886 78.71 0
---------- ------- ---------- ------ ------------ --------- ---------------
9. to approve
the Directors'
Remuneration
Policy 2,130,737 69.43 938,149 30.57 3,068,886 78.71 0
---------- ------- ---------- ------ ------------ --------- ---------------
10. to re-appoint
Messrs BSG
Valentine
as Auditors
of the Company 2,130,838 69.43 938,048 30.57 3,068,886 78.71 0
---------- ------- ---------- ------ ------------ --------- ---------------
11. to authorise
the Directors
to determine
the Auditors'
remuneration 3,068,836 99.99 50 0.01 3,068,886 78.71 0
---------- ------- ---------- ------ ------------ --------- ---------------
Independent Resolutions:
12. to re-elect
Ms M L Archibald
as a director
of the Company 268,364 22.24 938,348 77.76 1,206,712 30.95 0
---------- ------- ---------- ------ ------------ --------- ---------------
13. to re-elect
Mr A W Powell
as a director
of the Company 202,949 16.82 1,003,763 83.18 1,206,712 30.95 0
---------- ------- ---------- ------ ------------ --------- ---------------
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, 9 and 10, 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 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 www.sparkadvisorypartners.com
Adviser)
Mark Brady - 020 3368 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
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