Macau Property Opportunities Fund Result of AGM (0604H)
12 November 2018 - 10:00PM
UK Regulatory
TIDMMPO
RNS Number : 0604H
Macau Property Opportunities Fund
12 November 2018
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INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, SOUTH AFRICA,
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JURISDICTION
12 November 2018
Macau Property Opportunities Fund Limited
("MPO" or the "Company")
Results of Annual General Meeting
The Company is pleased to announce that at the Annual General
Meeting held at 10.00 am on 12 November 2018, each of the
Resolutions tabled were duly passed without amendment.
The details of each resolution are as follows:
Resolution For / Discretion % of Against % of Withheld
Vote Vote
Ordinary business
----------------- ------ ---------- ------ ---------
1. To receive and adopt the
audited accounts, the Directors'
Report, and the Auditor's
Report for the year ended
30 June 2018. 37,355,672 99.95 17,479 0.05 3,440
----------------- ------ ---------- ------ ---------
2. To approve the Directors'
Remuneration Report for the
year ended 30 June 2018. 37,330,527 99.88 46,064 0.12 0
----------------- ------ ---------- ------ ---------
3. To re-appoint Ernst &
Young LLP, who have indicated
their willingness to act,
as auditors of the Company
to hold office until the
conclusion of the next Annual
General Meeting of the Company. 37,359,064 99.96 14,087 0.04 3,440
----------------- ------ ---------- ------ ---------
4. To authorise the Directors
to determine the remuneration
of Ernst & Young LLP. 36,238,538 96.96 1,138,053 3.04 0
----------------- ------ ---------- ------ ---------
5. To re-appoint Mark Huntley,
who retires as a Director
of the Company, in accordance
with Article 20.6 of the
Articles of Incorporation
of the Company. 36,212,094 96.88 1,164,497 3.12 0
----------------- ------ ---------- ------ ---------
6. To re-appoint Alan Clifton,
who retires as a Director
of the Company, in accordance
with the AIC Code. 35,892,217 96.03 1,484,374 3.97 0
----------------- ------ ---------- ------ ---------
7. To re-appoint Thomas Ashworth,
who retires as a Director
of the Company, in accordance
with the AIC Code and UKLA
Listing Rules 15.2.12A(1)
and 15.2.13A. 33,632,514 89.98 3,744,077 10.02 0
----------------- ------ ---------- ------ ---------
Special business
----------------- ------ ---------- ------ ---------
8. That the Company in accordance
with Section 315 of The Companies
(Guernsey) Law, 2008 (as
amended) (the "Law") be approved
to make market purchases
(as defined in Section 316
of the Law) of its own ordinary
shares either for retention
as treasury shares or for
cancellation, provided that:
(i) the maximum number of
ordinary shares authorised
to be purchased is the lower
of 9,269,176 ordinary shares
and 14.99 per cent of the
ordinary shares in issue
immediately following the
passing of this resolution;
(ii) the minimum price which
may be paid for an ordinary
share is GBP0.01;
(iii) the maximum price which
may be paid for an ordinary
share is an amount equal
to the higher of: (a) 105
percent of the average of
the middle market quotations
for an ordinary share as
derived from the London Stock
Exchange Daily Official List
for the five Business Days
immediately preceding the
day on which that ordinary
share is purchased; and (b)
either the higher of the
price of the last independent
trade and the highest current
independent bid at the time
of purchase;
(iv) subject to paragraph
(v) below, such authority
shall expire at the next
annual general meeting of
the Company unless such authority
is varied, revoked or renewed
prior to such date by a special
resolution of the Company
in general meeting;
(v) notwithstanding paragraph
(iv), the Company may make
a contract to purchase ordinary
shares under such authority
prior to its expiry which
will or may be executed wholly
or partly after its expiration
and the Company may make
a purchase of ordinary shares
pursuant to any such contract. 37,373,152 99.99 3,440 0.01 0
----------------- ------ ---------- ------ ---------
Directorate Change
Following the AGM, Mr. Russell retired from the Board with
immediate effect and Mr. Huntley has succeeded Mr. Russell as
Chairman of the Board. The Company wishes to thank Mr. Russell for
his contribution during his Chairmanship.
--Ends--
About Macau Property Opportunities Fund
Premium listed on the London Stock Exchange, Macau Property
Opportunities Fund Limited is a closed-end investment company
registered in Guernsey and is the only quoted property fund
dedicated to investing in Macau, the world's largest gaming market
and the only city in China where gaming is legalised.
Launched in 2006, the Company targets strategic property
investment and development opportunities in Macau. Its current
portfolio comprises luxury residential assets.
The Company is managed by Sniper Capital Limited, an Asia-based
property investment manager with an established track record in
fund management and investment advisory.
Stock Code
London Stock Exchange: MPO
LEI
213800NOAO11OWIMLR72
For further information
Investor Relations
Sniper Capital Limited
Tel: +65 6222 1440
info@snipercapital.com
www.snipercapital.com
Corporate Broker
Liberum Capital
Gillian Martin
Tel: +44 20 3100 2217
Company Secretary & Administrator
Estera International Fund Managers (Guernsey) Limited
Kevin Smith
Tel: +44 14 8174 2742
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END
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