TIDMMTVW
RNS Number : 5986V
Mountview Estates PLC
10 August 2022
FOR IMMEDIATE RELEASE - 10 August 2022
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 10 August
2022. 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 total % of Votes
for against issued withheld
share (Note)
capital
1. to receive
and adopt
the Annual
Report and
Accounts
for the
year ended
31 March
2022. 2,966,851 98.07 58,407 1.93 3,025,258 77.59 0
---------- ------ ---------- ------ ------------ --------- ----------------
2. to declare
a final
dividend
of 250 pence
per share. 2,966,851 98.07 58,407 1.93 3,025,258 77.59 0
---------- ------ ---------- ------ ------------ --------- ----------------
3. to re-elect
Mrs M. M.
Bray as
a director
of the Company. 2,963,321 97.95 61,937 2.05 3,025,258 77.59 0
---------- ------ ---------- ------ ------------ --------- ----------------
4. to re-elect
Mr D. M.
Sinclair
as a director
of the Company. 2,948,531 97.46 76,727 2.54 3,025,258 77.59 0
---------- ------ ---------- ------ ------------ --------- ----------------
5. to re-elect
Ms M. L.
Archibald
as a director
of the Company. 2,027,652 67.03 997,266 32.97 3,024,918 77.58 340
---------- ------ ---------- ------ ------------ --------- ----------------
6. to re-elect
Mr A. W.
Powell as
a director
of the Company. 1,967,572 65.43 1,039,430 34.57 3,007,002 77.12 18,256
---------- ------ ---------- ------ ------------ --------- ----------------
7. to re-elect
Dr A. R.
Williams
as a director
of the Company. 1,968,483 94.31 118,737 5.69 2,087,220 53.53 938,038
---------- ------ ---------- ------ ------------ --------- ----------------
8. to approve
the Directors'
Remuneration
Report. 2,027,837 67.03 997,421 32.97 3,025,258 77.59 0
---------- ------ ---------- ------ ------------ --------- ----------------
9. to approve
the Directors'
Remuneration
Policy. 2,027,587 67.02 997,671 32.98 3,025,258 77.59 0
---------- ------ ---------- ------ ------------ --------- ----------------
10. to re-appoint
BSG Valentine
(UK) LLP
as Auditors
of the Company. 2,028,503 67.05 996,755 32.95 3,025,258 77.59 0
---------- ------ ---------- ------ ------------ --------- ----------------
11. to authorise
the Directors
to determine
the Auditors'
remuneration. 2,966,761 98.07 58,497 1.93 3,025,258 77.59 0
---------- ------ ---------- ------ ------------ --------- ----------------
Independent Resolutions:
12. to re-elect
Ms M. L.
Archibald
as a director
of the Company. 338,618 25.35 997,266 74.65 1,335,884 34.26 14,845
---------- ------ ---------- ------ ------------ --------- ----------------
13. to re-elect
Mr A. W.
Powell as
a director
of the Company. 278,538 21.13 1,039,430 78.87 1,317,968 33.80 32,761
---------- ------ ---------- ------ ------------ --------- ----------------
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, 9 and 10, 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 12 and
13, 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
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