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Macau Property Opportunities Fund Limited shareholders, at the Annual General Meeting held on 13 December 2022, duly passed all nine tabled resolutions without amendment. These approvals included the adoption of audited accounts (100% For), the re-appointment of auditors Deloitte LLP (99.99% For), the re-appointment of directors (including Alan Clifton with 94.81% For), the authorization for the company to make market purchases (100% For), and the extension of the company's duration to the 2023 annual general meeting (99.99% For).
| Date | 13 Dec 2022 |
| Time | 12:00:01 |
| Category | AGMs and other meetings |
| ID | 5596J |
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, SOUTH AFRICA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
13 December 2022
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 13 December 2022, each of the Resolutions tabled were duly passed without amendment.
The details of each resolution are as follows:
|
Resolution |
For / Discretion |
% of Vote |
Against |
% of Vote |
Withheld |
|
Ordinary business |
|
|
|
|
|
|
1. To receive and adopt the audited accounts, the Directors' Report, and the Auditor's Report for the year ended 30 June 2022.
|
38,219,897 |
100% |
0 |
0.00% |
1,214 |
|
2. To approve the Directors' Remuneration Report for the year ended 30 June 2022.
|
38,199,496 |
99.99% |
4,929 |
0.01% |
16,686 |
|
3. To appoint Deloitte LLP, who have indicated their willingness to act, as auditors of the Company to hold office until the next Annual General Meeting of the Company.
|
38,218,897 |
99.99% |
1,000 |
0.01% |
1,214 |
|
4. To authorise the Directors to determine the remuneration of Deloitte LLP.
|
38,219,897 |
100% |
0 |
0.00% |
1,214 |
|
5. To appoint Carmen Ling, who retires as a Director of the Company, in accordance with the Company's Articles of Association.
|
38,203,897 |
99.99$ |
1,000 |
0.01 |
16,214 |
|
6. To re-appoint Mark Huntley, who retires as a Director of the Company, in accordance with the AIC Code.
|
38,202,981 |
99.99% |
1,916 |
0.01% |
16,214 |
|
7. To re-appoint Alan Clifton, who retires as a Director of the Company in accordance with the AIC Code.
|
36,237,877 |
94.81% |
1,982,020 |
5.19% |
1,214 |
|
Special business |
|
|
|
|
|
|
Special Resolution
8. To authorise the Company in accordance with Section 315 of The Companies (Guernsey) Law 2008 (the "Law") to make market purchases (as defined in Section 316 of the Law) either for retention as treasury shares, or cancellation, in line with the provisions stated in the Notice.
|
38,219,897 |
100% |
0 |
0.00% |
1,214 |
|
Ordinary Resolution
9. To extend the duration of the Company to the annual general meeting in 2023, in accordance with the Articles of Incorporation of the Company.
|
38,217,981 |
99.99% |
1,916 |
0.01% |
1,214 |
Continuation Vote
Following the successful vote in favour of Resolution 9, the Company will extend its duration in accordance with Article 38 of the Articles of Incorporation of the Company.
--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 prime residential property 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:
Manager
Sniper Capital Limited
Group Communications
Tel: +65 6222 1440
Email: [email protected]
Corporate Broker
Liberum Capital
Darren Vickers / Owen Matthews
Tel: +44 20 3100 2234
Company Secretary & Administrator
Ocorian Administration (Guernsey) Limited
Kevin Smith
Tel: +44 14 8174 2742