Macau Property Opportunities Fund Result of AGM (9550V)
November 08 2017 - 11:00AM
UK Regulatory
TIDMMPO
RNS Number : 9550V
Macau Property Opportunities Fund
08 November 2017
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
8 November 2017
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 2.30 p.m. on 8 November 2017, each of the
Resolutions tabled were duly passed without amendment.
The details of each resolution are as follows:
Resolution Votes % of Against % of Withheld % of
For / Vote Vote Vote
Discretionary
------------------------------------------------- --------------- ------- ---------- ------ --------- ------
Ordinary business
------------------------------------------------- --------------- ------- ---------- ------ --------- ------
1. To receive and
adopt the audited
accounts, the Directors'
Report, and the Auditor's
Report for the year
ended 30 June 2017. 57,482,091 100% 0 0.00% 0 0.00%
------------------------------------------------- --------------- ------- ---------- ------ --------- ------
2. To approve the
Directors' Remuneration
Report for the year
ended 30 June 2017. 57,477,839 99.99% 4,252 0.01% 0 0.00%
------------------------------------------------- --------------- ------- ---------- ------ --------- ------
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. 57,401,879 99.92% 43,200 0.07% 37,012 0.01%
------------------------------------------------- --------------- ------- ---------- ------ --------- ------
4. To authorise the
Directors to determine
the remuneration of
Ernst & Young LLP. 57,460,245 99.96% 21,846 0.04% 0 0.00%
------------------------------------------------- --------------- ------- ---------- ------ --------- ------
5. To re-appoint Christopher
Russell, who retires
as a Director of the
Company, in accordance
with Article 20.3
of the Articles of
Incorporation of the
Company (the "Articles"). 57,427,485 99.91% 54,606 0.09% 0 0.00%
------------------------------------------------- --------------- ------- ---------- ------ --------- ------
6. To re-appoint Wilfred
Woo, who retires as
a Director of the
Company, in accordance
with Article 20.3
of the Articles. 57,482,091 100% 0 0.00% 0 0.00%
------------------------------------------------- --------------- ------- ---------- ------ --------- ------
7. To re-appoint Alan
Clifton, who retires
as a Director of the
Company, in accordance
with the AIC Code. 57,161,329 99.44% 44,406 0.08% 276,356 0.48%
------------------------------------------------- --------------- ------- ---------- ------ --------- ------
8. 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. 56,438,246 98.18% 1,043,845 1.82% 0 0.00%
------------------------------------------------- --------------- ------- ---------- ------ --------- ------
Special business
------------------------------------------------- --------------- ------- ---------- ------ --------- ------
9. 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 11,457,301
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. 57,477,839 99.99% 4,252 0.01% 0 0.00%
------------------------------------------------- --------------- ------- ---------- ------ --------- ------
In accordance with Listing Rule 9.6.2, copies of the resolutions
(other than those comprising the ordinary business of the Annual
General Meeting) have been sent to the National Storage
Mechanism.
About Macau Property Opportunities Fund
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.
Premium listed on the London Stock Exchange, it is also a
constituent stock of the FTSE All-Share and FTSE SmallCap
indices.
Launched in 2006, the Company targets strategic property
investment and development opportunities in Macau. Its current
portfolio comprises a mix of prime residential and retail 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
Investor Relations
Sniper Capital Limited
Doris Boo
Tel: +65 6222 1440
info@snipercapital.com
www.snipercapital.com
Corporate Broker
Liberum Capital
Richard Bootle / Jonathan Wilkes-Green / Henry Freeman
Tel: +44 20 3100 2232
Company Secretary & Administrator
Heritage International Fund Managers
Kevin Smith
Tel: +44 14 8171 6000
This information is provided by RNS
The company news service from the London Stock Exchange
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