Update on 2025 Annual General Meeting outcome
Mountview Estates PLC is providing an update on its 2025 Annual General Meeting, specifically addressing resolutions that received significant votes against them, including the re-election of directors and the approval of remuneration reports and policies, as well as the appointment of auditors. While some resolutions initially failed to gain majority support from independent shareholders, subsequent general meetings saw the re-election and election of directors. The company has engaged with shareholders who voted against these resolutions to understand their concerns and remains committed to ongoing dialogue.
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In accordance with provision 4 of the UK Corporate Governance Code, the Company is providing the following update to the 2025 Annual General Meeting ("AGM") voting results announced on 13 August 2025 regarding the significant vote against a number of resolutions:
Resolution 3: re-election of Mrs. M.M. Bray as a Director of the Company;
Resolution 4: re-election of Mr. D.M. Sinclair as a Director of the Company;
Resolution 5: re-election of Mr. A.W. Powell as a Director of the Company;
Resolution 7: election of Ms. T. E. B. Hartley as a Director of the Company;
Resolution 8: to approve the Directors' Remuneration Report;
Resolution 9: to approve the Directors' Remuneration Policy; and
Resolution 10: to appoint Messrs. Moore Kingston Smith LLP as Auditors of the Company.
In addition, Resolutions 12 and 13, to re-elect Mr. A.W. Powell and to elect Ms. T. E. B. Hartley as directors of the Company, were not approved by a majority of the Company's independent shareholders. At a subsequent general meeting held on 17 November 2025, as the Company was entitled to convene in accordance with the Financial Conduct Authority's UK Listing Rules, Mr. A.W. Powell was re-elected, and Ms. T. E. B. Hartley was elected as directors of the Company.
Following the 2025 AGM, and as it has done previously, the Company identified as far as possible those shareholders who did not support the various resolutions and attempted to engage with them to seek their views. Some shareholders did not wish to engage. The Company remains committed to shareholder engagement and we will continue to offer to have discussions with shareholders and will take into account their concerns and considerations in the future.
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