Mountview Estates PLC Result of Annual General Meeting
August 14 2024 - 7:37AM
RNS Regulatory News
RNS Number : 4756A
Mountview Estates PLC
14 August 2024
FOR IMMEDIATE RELEASE - 14 August
2024
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 14 August 2024. A poll was held on each of the
Resolutions. Resolutions 1 to 10 were passed by the requisite
majority.
All the Poll results of are set out
below:
|
Resolution
|
Votes
for
|
%
|
Votes
against
|
%
|
Votes
total
|
% of
issued share capital
|
Votes
withheld (Note)
|
|
1. to receive and consider the
Annual Report and Accounts for the year ended 31 March
2024.
|
3,009,764
|
99.99%
|
47
|
0.01%
|
3,009,811
|
77.19%
|
0
|
|
2. to declare a final dividend of
275 pence per share.
|
3,009,811
|
100.00%
|
0
|
0.00%
|
3,009,811
|
77.19%
|
0
|
|
3. to re-elect Mrs M. M. Bray as a
director of the Company.
|
2,048,414
|
68.06%
|
961,397
|
31.94%
|
3,009,811
|
77.19%
|
0
|
|
4. to re-elect Mr D. M. Sinclair as
a director of the Company.
|
2,049,687
|
68.11%
|
959,897
|
31.89%
|
3,009,811
|
77.19%
|
227
|
|
5. to re-elect Ms M. L. Archibald as
a director of the Company.
|
2,022,721
|
67.19%
|
987,290
|
32.81%
|
3,009,811
|
77.19%
|
300
|
|
6. to re-elect Mr A. W. Powell as a
director of the Company.
|
2,022,721
|
67.73%
|
963,940
|
32.27%
|
3,009,811
|
77.19%
|
23,150
|
|
7. to re-elect Dr A. R. Williams as
a director of the Company.
|
2,025,661
|
98.73%
|
26,121
|
1.27%
|
3,009,811
|
77.19%
|
958,029
|
|
8. to approve the Directors'
Remuneration Report.
|
2,049,351
|
68.10%
|
960,160
|
31.90%
|
3,009,811
|
77.19%
|
300
|
|
9. to elect Messrs Moore
Kingston Smith LLP as Auditors of the Company.
|
2,051,441
|
68.16%
|
958,370
|
31.84%
|
3,009,811
|
77.19%
|
0
|
|
10. to authorise the Directors
to determine the Auditors' remuneration.
|
3,009,512
|
99.99%
|
299
|
0.01%
|
3,009,811
|
77.19%
|
0
|
|
Independent Resolutions:
|
|
11. to re-elect Ms M. L. Archibald
as a director of the Company.
|
226,143
|
18.64%
|
987,290
|
81.36%
|
1,213,733
|
31.13%
|
300
|
|
12. to re-elect Mr A. W. Powell as a
director of the Company.
|
226,443
|
19.02%
|
967,140
|
80.98%
|
1,213,733
|
31.13%
|
23,150
|
|
|
|
|
|
|
|
|
| |
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 3, 4, 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
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