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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Macau Property Opportunities Fund Limited | AQSE:MPO.GB | Aquis Stock Exchange | Ordinary Share | GG00BGDYFV61 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 34.50 | 30.00 | 39.00 | 34.50 | 34.50 | 34.50 | 0.00 | 06:57:15 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMMPO
RNS Number : 1227P
Macau Property Opportunities Fund
14 November 2016
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
14 November 2016
Macau Property Opportunities Fund Limited
("MPO" or the "Company")
Results of Annual General Meeting
The Board of Directors of MPO announces the results of its Annual General Meeting of the Company held today, 14 November 2016, as follows:
Resolutions 1 to 6 - Ordinary business of the Annual General Meeting
All resolutions were approved by shareholders on a show of hands.
Resolution 7 - Special business - Market purchases
The resolution was approved by shareholders on a show of hands.
Resolution 8 - Extraordinary Resolution - Discontinuation Vote
The resolution that the Company cease to continue as presently constituted, as outlined in the AGM circular to shareholders dated 12 October 2016 (the "Circular"), was not passed by shareholders.
Resolution 9 - Special Resolution - New Articles
The resolution to adopt new Articles of Incorporation which incorporate amendments to provide for an annual continuation vote, the first such vote being proposed at the annual general meeting of the Company to be held in November 2018, and update the Articles of Incorporation for amendments to the Guernsey Law which came into effect in September 2015, as outlined in the Circular, has been passed by shareholders on a show of hands. The Company will therefore continue as described within the Circular.
Resolution 10 - Ordinary Resolution - Management Agreement
The resolution to make various amendments to the management agreement between the Company and Sniper Capital Limited, as outlined in the Circular, has been passed by shareholders on a show of hands in accordance with the Related Party requirements of the Listing Rules.
The result of proxy votes received by the Company in respect of each resolution is set out below:
Hot Features
Premium
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 2016. 57,953,180 98.40% 21,391 0.03% 923,820 1.57%
------------------------------------------------ --------------- ------- ----------- ------- ----------- -------
2. To approve the
Directors' Remuneration
Report for the year
ended 30 June 2016. 57,969,536 98.42% 9,450 0.02% 919,405 1.56%
------------------------------------------------ --------------- ------- ----------- ------- ----------- -------
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. 57,962,629 98.41% 7,074 0.01% 928,688 1.58%
------------------------------------------------ --------------- ------- ----------- ------- ----------- -------
4. To authorise the
Directors to determine
the remuneration of
Ernst & Young LLP. 57,984,021 98.45% 0 0.00% 914,370 1.55%
------------------------------------------------ --------------- ------- ----------- ------- ----------- -------
5. To re-appoint Alan
Clifton, who retires
as a Director of the
Company, in accordance
with the AIC Code
and Article 20.3 of
the Articles. 57,697,121 97.96% 7,073 0.01% 1,194,197 2.03%
------------------------------------------------ --------------- ------- ----------- ------- ----------- -------
6. To re-appoint Thomas
Ashworth, who retires
as a Director of the
Company, in accordance
with the AIC Code,
Article 20.3 of the
Articles and Listing
Rules 15.2.12A(1)
and 15.2.13A. 56,957,203 96.70% 1,026,818 1.75% 914,370 1.55%
------------------------------------------------ --------------- ------- ----------- ------- ----------- -------
Special business
------------------------------------------------ --------------- ------- ----------- ------- ----------- -------
7. 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. 57,984,021 98.45% 0 0.00% 914,370 1.55%
------------------------------------------------ --------------- ------- ----------- ------- ----------- -------
Discontinuation vote
------------------------------------------------ --------------- ------- ----------- ------- ----------- -------
8. That the Company
should cease to continue
as presently constituted. 4,252,615 7.22% 54,645,547 92.78% 229 0.00%
------------------------------------------------ --------------- ------- ----------- ------- ----------- -------
New Articles Resolution
------------------------------------------------ --------------- ------- ----------- ------- ----------- -------
9. That conditional
on Resolution 8 above
NOT being passed,
the New Articles,
as described in the
shareholder circular
dated 12 October 2016
of which this Notice
of Annual General
Meeting forms a part,
be and are hereby
adopted (to the exclusion
of, and in substitution
for, the existing
Articles) as the articles
of incorporation of
the Company. 58,147,767 98.62% 816,331 1.38% 229 0.00%
------------------------------------------------ --------------- ------- ----------- ------- ----------- -------
Management Agreement
Resolution
------------------------------------------------ --------------- ------- ----------- ------- ----------- -------
10. THAT conditional
on Resolution 8 above
NOT being passed,
the amendments to
the management agreement between the Company and Sniper Capital Limited dated 30 May 2006 (as amended on 12 March 2014 and 26 March 2015), as described in the shareholder circular dated 12 October 2016 of which this Notice of Annual General Meeting forms a part, be and are hereby approved. 45,454,552 77.09% 816,331 1.38% 12,693,444 21.53% ------------------------------------------------ --------------- ------- ----------- ------- ----------- -------
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.
For further information:
Investor Relations
Sniper Capital
Doris Boo
Tel: +65 6222 1440
Public Relations
MHP Communications
Andrew Jaques / Simon Hockridge / Kelsey Traynor
Tel: +44 20 3128 8100
Company Secretary & Administrator
Heritage International Fund Managers
Mark Huntley / Laurence McNairn
Tel: +44 14 8171 6000
Corporate Broker
Liberum Capital
Richard Crawley / Richard Bootle
Tel: +44 20 3100 2222
This information is provided by RNS
The company news service from the London Stock Exchange
END
RAGAKQDQNBDDKDD
(END) Dow Jones Newswires
November 14, 2016 09:00 ET (14:00 GMT)
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