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: [phone]

Email:  [e-mail]  

Corporate Broker

Liberum Capital

Darren Vickers / Owen Matthews

Tel: [phone]

Company Secretary & Administrator

Ocorian Administration (Guernsey) Limited

Kevin Smith

Tel: [phone]

 

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