Result of AGM
Mountview Estates PLC announced the results of its Annual General Meeting held on August 12, 2026, where resolutions 1 through 10 were passed with strong shareholder support, including the approval of the annual report and accounts and a final dividend of 275 pence per share. However, resolutions 11 and 12, concerning the re-election of directors Tony Powell and Tracey Hartley, were not approved by a majority of independent shareholders, prompting the company to engage with shareholders for feedback and indicating that further meetings may be convened to re-appoint these directors. The company's issued share capital as of the meeting date was 3,899,014 ordinary shares.
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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 12 August 2026. 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 2026. | 3,036,963 | 9 9.98% | 638 | 0 .02 % | 3,037,601 | 7 7.91 % | 16 |
| 2. to declare a final dividend of 275 pence per share. | 3.036,882 | 9 9.98 % | 735 | 0.02% | 3,037,617 | 77.91% | - |
| 3. to re-elect Mrs M. M. Bray as a director of the Company. | 2,062,696 | 67.91% | 974,745 | 32.09% | 3,037,441 | 77.90% | 176 |
| 4. to re-elect Mr D. M. Sinclair as a director of the Company. | 2,062,256 | 67.90% | 974,905 | 32.10% | 3,037,161 | 77.90% | 456 |
| 5. to re-elect Mr A. W. Powell as a director of the Company. | 2,034,745 | 67.55% | 977,412 | 32.45% | 3,012,157 | 77.25% | 25,460 |
| 6. to re-elect Dr A. R. Williams as a director of the Company. | 2,035,675 | 98.43% | 32,504 | 1.57% | 2,068,179 | 53.04% | 969,438 |
| 7. to elect Ms T. E. B. Hartley as a director of the Company. | 2,060,826 | 67.86% | 976,175 | 32.14% | 3,037,001 | 77.89% | 616 |
| 8. to approve the Directors' Remuneration Report. | 2,047,119 | 67.40% | 990,342 | 32.60% | 3,037,461 | 77.90% | 156 |
| 9. to appoint Messrs Moore Kingston Smith LLP as Auditors of the Company. | 2,064,431 | 68.03% | 970,130 | 31.97% | 3,034,561 | 77.83% | 3,056 |
| 10. to authorise the Directors to determine the Auditors' remuneration. | 3,025,149 | 99.89% | 3,328 | 0.11% | 3,028,477 | 77.67% | 9,140 |
| Independent Resolutions: | |||||||
| 11. to re-elect Mr A. W. Powell as a director of the Company. | 223,509 | 18.61% | 977,412 | 81.39% | 1,200,921 | 30.80% | 25,460 |
| 12. to r e- elect Ms T. E. B. Hartley as a director of the Company. | 249,590 | 20.36% | 976,175 | 79.64% | 1,225,765 | 31.44% | 616 |
The Directors note that while a significant majority of shareholders that voted at the Annual General Meeting supported Resolutions 3, 4, 5, 7, 8, 9, 11 and 12, 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 Tony Powell and Tracey Hartley 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 UK 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 Tony Powell and to appoint Tracey Hartley 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~
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.