TIDMMTVW
RNS Number : 8337I
Mountview Estates PLC
09 August 2023
FOR IMMEDIATE RELEASE - 9 August 2023
MOUNTVIEW ESTATES P.L.C.
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 9 August
2023. 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 % of Votes
for against total issued withheld
share (Note)
capital
1. to receive
and consider
the Annual
Report and
Accounts
for the
year ended
31 March
2023. 3,273,506 99.99% 100 0.01% 3,273,606 83.96% 0
---------- ------- ---------- ------- ------------ --------- ---------------
2. to declare
a final
dividend
of 250 pence
per share. 3,273,506 99.99% 100 0.01% 3,273,606 83.96% 0
---------- ------- ---------- ------- ------------ --------- ---------------
3. to re-elect
Mrs M. M.
Bray as
a director
of the Company. 2,992,042 91.40% 281,453 8.60% 3,273,495 83.96% 111
---------- ------- ---------- ------- ------------ --------- ---------------
4. to re-elect
Mr D. M.
Sinclair
as a director
of the Company. 2,990,937 91.40% 281,453 8.60% 3,272,390 83.93% 1,216
---------- ------- ---------- ------- ------------ --------- ---------------
5. to re-elect
Ms M. L.
Archibald
as a director
of the Company. 2,051,746 62.70% 1,220,455 37.30% 3,272,201 83.92% 1,405
---------- ------- ---------- ------- ------------ --------- ---------------
6. to re-elect
Mr A. W.
Powell as
a director
of the Company. 2,027,835 62.43% 1,220,155 37.57% 3,247,990 83.30% 25,616
---------- ------- ---------- ------- ------------ --------- ---------------
7. to re-elect
Dr A. R.
Williams
as a director
of the Company. 2,308,898 98.93% 24,901 1.07% 2,333,799 59.86% 939,807
---------- ------- ---------- ------- ------------ --------- ---------------
8. to approve
the Directors'
Remuneration
Report. 2,309,748 70.57% 963,394 29.43% 3,273,142 83.95% 464
---------- ------- ---------- ------- ------------ --------- ---------------
9. to re-appoint
BSG Valentine
(UK) LLP
as Auditors
of the Company. 2,334,454 71.31% 939,152 28.69% 3,273,606 83.96% 0
---------- ------- ---------- ------- ------------ --------- ---------------
10. to authorise
the Directors
to determine
the Auditors'
remuneration. 2,992,782 91.42% 280,824 8.58% 3,273,606 83.96% 0
---------- ------- ---------- ------- ------------ --------- ---------------
Independent Resolutions:
11. to re-elect
Ms M. L.
Archibald
as a director
of the Company. 238,043 16.32% 1,220,455 83.68% 1,458,498 37.41% 1,405
---------- ------- ---------- ------- ------------ --------- ---------------
12. to re-elect
Mr A. W.
Powell as
a director
of the Company. 214,132 14.93% 1,220,155 85.07% 1,434,287 36.79% 25,616
---------- ------- ---------- ------- ------------ --------- ---------------
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, and 9, 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 11 and
12, 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 3550
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END
RAGUKUUROSUWRAR
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