TIDMMTVW

RNS Number : 2493X

Mountview Estates PLC

08 August 2018

FOR IMMEDIATE RELEASE - 8 August 2018

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, Resolutions 1, 2, 4 and 7 were duly passed on a show of hands.

A poll was held on Resolutions 3, 5, 6, 8 and 9 the results of which are set out below:

 
    Resolution         Votes       %     Votes against     %     Votes total     % of     Votes withheld 
                        for                                                     issued        (Note) 
                                                                                 share 
                                                                                capital 
 3. to re-elect 
  Mr A C J 
  Solway as 
  a director 
  of the Company     2,175,602   70.13         926,547   29.87     3,102,149     79.56%              966 
                    ----------  ------  --------------  ------  ------------  ---------  --------------- 
 5. to approve 
  the Directors' 
  Remuneration 
  Report             2,171,008   70.06         927,697   29.94     3,098,705     79.47%            5,510 
                    ----------  ------  --------------  ------  ------------  ---------  --------------- 
 6. to re-appoint 
  Messrs BSG 
  Valentine 
  as Auditors 
  of the Company     2,173,752   70.12         926,513   29.88     3,100,265     79.51%            3,950 
                    ----------  ------  --------------  ------  ------------  ---------  --------------- 
 Independent Resolutions: 
 8. to re-elect 
  Mr A C J 
  Solway as 
  a director 
  of the Company       226,437   19.62         927,647   80.38     1,154,084     29.60%        1,050,934 
                    ----------  ------  --------------  ------  ------------  ---------  --------------- 
 9. to elect 
  Mr A W Powell 
  as a director 
  of the Company       220,059   19.18         927,347   80.82     1,147,406     29.43%        1,057,612 
                    ----------  ------  --------------  ------  ------------  ---------  ---------------

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 Company is disappointed to note that Resolutions 8 and 9, to re-elect Tony Solway and to elect 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 UKLA 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 Solway and appoint 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

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END

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