Result of AGM

RNS Number : 4936W
Macau Property Opportunities Fund
22 December 2021
 

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

22 December 2021

 

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 09.00 am on 22 December 2021, 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 2021.

 

 

30,442,824

 

99.99%

4,155

0.01%

1,651

2.  To approve the Directors' Remuneration Report for the year ended 30 June 2021.

 

30,441,436

99.98%

5,071

0.02%

2,123

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.

 

 

30,442,824

 

99.99%

4,155

0.01%

1,651

4.  To authorize the Directors to determine the remuneration of Deloitte LLP.

 

30,442,824

99.99%

4,155

0.01%

1,651

5.  To re-appoint Mark Huntley, who retires as a Director of the Company, in accordance with the AIC Code.

 

30,439,290

99.98%

5,071

0.02%

4,269

6.  To re-appoint Alan Clifton, who retires as a Director of the Company in accordance with the AIC Code.

 

27,203,774

92.61%

2,169,973

7.39%

1,074,883

Special business






Special Resolution

 

7. 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.

 

30,440,824

99.98%

6,155

0.02%

1,651

Ordinary Resolution

 

8. To extend the duration of the Company, in accordance with Article 38 of the Articles of Incorporation of the Company.

 

30,441,908

99.98%

5,071

0.02%

1,651

 

 

Continuation Vote

 

Following the successful vote in favour of Resolution 8, the Company will extend its duration in accordance with Article 38 of the Articles of Incorporation of the Company.

 

The Board continues towards the appointment of an additional independent director to replace Mr Wilfred Woo who retired at the AGM and will announce an appointment when the process has concluded. Following the approval of continuation of the Company as currently constituted, the Board will work with the Manager to reach agreement on a variation to the fees paid and will make a further announcement once agreed.

 

 

--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:  info@snipercapital.com  

 

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

 

 

 

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