REG - Mountview Estates. - Result of Annual General Meeting

Mountview Estates P.L.C.Announcement

14/08/2024 13:45

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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  3,009,764  99.99%   47             0.01%         3,009,811    77.19%                     0
 31 March 2024.
 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%               77.19%                     300

                                                                                                                                3,009,811

 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
(http://www.mountviewplc.co.uk)

 

 SPARK Advisory Partners Limited (Financial Adviser)  www.sparkadvisorypartners.com (http://www.sparkadvisorypartners.com)
 Mark Brady - 020 3368 3550

 

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