TIDMMAX

RNS Number : 3973M

Max Property Group PLC

15 July 2014

15 July 2014

Max Property Group Plc ("Max Property" or the "Company")

Results of Shareholder Meetings

The Board of Max Property is pleased to announce that, at the Annual General Meeting (the "AGM") held today at 10.00am at 26 New Street, St Helier, Jersey JE2 3RA, all the resolutions as set out in the Notice of AGM dated 22 May 2014 were passed.

The Board is also pleased to announce that, at the Extraordinary General Meeting (the "EGM") held today immediately after the AGM, the resolutions to approve the proposed return of GBP33 million cash to shareholders by way of a B share scheme, as set out the circular to shareholders dated 18 June 2014, were passed.

In respect of the AGM, proxy votes (including votes withheld) were lodged in respect of 154,075,765 ordinary shares, representing 70.0% of the issued share capital. A summary of the voting appears below:

 
 Resolution               Votes for     % of    Votes against    % of    Votes withheld       % 
                                        votes                    votes                     withheld 
                                        cast                     cast 
----------------------  ------------  -------  --------------  -------  ---------------  ---------- 
 1 - Approve 
  Accounts               154,062,337     100%               -        -           13,428           - 
----------------------  ------------  -------  --------------  -------  ---------------  ---------- 
 2 - Reappoint 
  John Stephen           154,062,337     100%               -        -           13,428           - 
----------------------  ------------  -------  --------------  -------  ---------------  ---------- 
 3 - Reappoint 
  David Waters           154,062,337     100%               -        -           13,428           - 
----------------------  ------------  -------  --------------  -------  ---------------  ---------- 
 4 - Reappoint 
  BDO LLP as 
  the auditors           154,062,337     100%               -        -           13,428           - 
----------------------  ------------  -------  --------------  -------  ---------------  ---------- 
 5 - Directors' 
  authority to 
  fix remuneration 
  of auditors            154,062,337     100%               -        -           13,428           - 
----------------------  ------------  -------  --------------  -------  ---------------  ---------- 
 6 - Approve 
  Directors' 
  fees                   154,062,337     100%               -        -           13,428           - 
----------------------  ------------  -------  --------------  -------  ---------------  ---------- 
 7 - Approve 
  own share purchases    154,062,337     100%               -        -           13,428           - 
----------------------  ------------  -------  --------------  -------  ---------------  ----------

In respect of the EGM, proxy votes (including votes withheld) were lodged in respect of 161,450,765 ordinary shares, representing 73.4% of the issued share capital. Both resolutions to effect the B share scheme were passed with 161,437,337 votes in favour and 13,428 votes withheld.

The Company has 220,000,002 ordinary shares in issue with voting rights.

Enquiries:

 
 Prestbury Investments LLP 
  Sandy Gumm                                     +44 20 7647 7647 
 Oriel Securities Limited (Nominated Adviser) 
  Nicholas How                                   +44 20 7710 7600 
 FTI Consulting 
  Stephanie Highett / Nina Legge                 +44 20 3727 1000

This information is provided by RNS

The company news service from the London Stock Exchange

END

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