Mountview Estates P L C : Update on 2019 AGM voting outcome
February 10, 2020 at 05:53 am EST
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Mountview Estates PLC - MTVW
Update on 2019 AGM voting outcome
Released 10:49 10-Feb-2020
RNS Number : 4851C
Mountview Estates PLC
10 February 2020
10 February 2020
MOUNTVIEW ESTATES P.L.C.
('Mountview' or 'the Company')
Update on 2019 AGM voting outcome
In accordance with Provision 4 of the UK Corporate Governance Code, the Company is providing the following update to the 2019 AGM voting results made on 8 August 2019 regarding the significant vote against a number of resolutions:
Resolution 5: re-election of Mrs M.L. Jarvis as a director of the Company
Resolution 6: re-election of Mr A. W. Powell as a director of the Company
Resolution 8: to approve the Directors' Remuneration Report
Resolution 9: to re-appoint Messrs BSG Valentine as auditors of the Company
In addition, Resolutions 11 and 12, to re-elect Mrs M.L Jarvis and Mr A.W. Powell as directors of the Company, were not approved by a majority of the Company's independent shareholders. At a subsequent general meeting held on 19 November 2019, as the Company was entitled to convene in accordance with the FCA's Listing Rules, both Mrs M.L. Jarvis and Mr A.W. Powell were re-elected as directors of the Company.
Following the 2019 AGM in August and prior to the general meeting held on 18 November 2019, 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. They declined to meet or engage. The Company remains committed to shareholder engagement and we will continue to offer to meet with shareholders to take into account their concerns and considerations in the future.
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Mountview Estates plc published this content on 10 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 February 2020 10:52:05 UTC
Mountview Estates P.L.C. is a United Kingdom-based property trading company. The Company owns and acquires tenanted residential property in England and Wales and sells such property when it becomes vacant. The Company's segments include Property Trading and Property Investment. The Company trades in various categories, such as regulated tenancy residential units, assured tenancy residential units, life tenancy residential units and freehold and leasehold ground rent units. Its properties can remain tenanted for many years and are managed in the interim by its in-house property management team. The Company also deals in the acquisition of life tenancies. It operates in London (North), London (South), Bedfordshire, Berkshire, Buckinghamshire, Cambridgeshire, Essex, Hertfordshire, Middlesex, Norfolk, Northamptonshire, Oxfordshire, Suffolk, Dorset, Hampshire, Isle of Wight, Kent, Surrey, Sussex, Midlands, Derbyshire, Leicestershire, Nottinghamshire, and remainder of England and Wales.