Result of AGM

RNS Number : 9573G

Macau Property Opportunities Fund

30 November 2020

 

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

30 November 2020

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 30 November 2020, 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 2020.	37,853,433	99.99%	4,155	0.01%	2,811
2.  To approve the Directors' Remuneration Report for the year ended 30 June 2020.	37,840,160	99.95%	17,428	0.05%	2,811
3.  To authorise the Directors to determine the remuneration of the statutory auditor of the Company.	37,852,517	99.99%	5,071	0.01%	2,811
4.  To re-appoint Wilfred Woo, who retires as a Director of the Company in accordance with the Alternative Investment Company Code of Corporate Governance ("AIC Code").	37,741,961	99.70%	115,155	0.30%	3,283
5.  To re-appoint Mark Huntley, who retires as a Director of the Company, in accordance with the AIC Code.	37,742,433	99.70%	115,155	0.30%	2,811
6.  To re-appoint Alan Clifton, who retires as a Director of the Company in accordance with the AIC Code.	34,498,827	93.80%	2,280,057	6.20%	1,081,515
Special business
Special Resolution 7. That the Articles of Incorporation as attached to the Notice of Annual General Meeting are hereby approved as the new Articles of Incorporation of the Company with immediate effect.	37,752,961	99.72%	104,155	0.28%	3,283
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.	37,853,433	99.99%	4,155	0.01%	2,811
Ordinary Resolution 9. To extend the duration of the Company, in accordance with Article 38 of the Articles of Incorporation of the Company.	37,744,328	99.69%	116,071	0.31%	0

Articles of Incorporation

Following the successful vote in favour of Resolution 7, the Company has adopted the new Articles of Incorporation with immediate effect.

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.

A copy of the Articles of Incorporation have been submitted to the National Storage Mechanism and will shortly be available for inspection at https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism .

--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: [phone]

Email:  [e-mail]  

Corporate Broker

Liberum Capital

Gillian Martin / Louis Davies

Tel: [phone]

Company Secretary & Administrator

Ocorian Administration (Guernsey) Limited

Kevin Smith

Tel: [phone]

 

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