Result of General Meeting
Mountview Estates PLC announced that both resolutions to re-elect Mr. A. W. Powell and elect Ms. T. E. B. Hartley as directors were passed at the General Meeting, with 69.58% and 70.49% of votes in favour respectively, representing 75.01% of the issued share capital. Despite the resolutions passing, the company noted a significant minority vote against each, with over 20% voting against, and stated its intention to engage with independent shareholders to address their concerns.
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Mountview Estates P.L.C.
("Mountview" or "the Company")
Result of General Meeting
Mountview Estates P.L.C. is pleased to announce that at the General Meeting held today, the Resolutions were duly passed on a poll, the results of which are set out below:
| Resolution | Votes for | % | Votes against | % | Votes total | % of issued share capital | Votes withheld (Note) |
|---|---|---|---|---|---|---|---|
| 1. to re-e lect Mr. A. W. Powell as a director of the Company | 2,034,838 | 69.58 | 889,723 | 30.42 | 2,924,658 | 75.01 | 97 |
| 2. to e lect Ms. T. E. B. Hartley as a director of the Company | 2,061,513 | 70.49 | 863,048 | 29.51 | 2,924,658 | 75.01 | 97 |
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, that there was a significant minority vote (being more than 20 per cent) against each of the Resolutions. As we have done previously, we will continue to seek to engage with independent shareholders and will take into account any feedback around their concerns and considerations in the future.
~Ends~
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.