Market Tech Holdings Limited Result of AGM (4025F)

TIDMMKT

RNS Number : 4025F

Market Tech Holdings Limited

27 July 2016

27 July 2016

Market Tech Holdings Limited

("Market Tech" or the "Company")

Results of 2016 Annual General Meeting

Market Tech (LSE: MKT) announces that, at its Annual General Meeting ("AGM") held today, all the proposed resolutions as set out in the AGM notice were duly passed on a show of hands.

The following proxy votes had been received by the Company in respect of the resolutions:

 
 Resolution                Votes         % of Votes   Votes        % of Votes   Votes 
                            For           For          Against      Against      withheld 
------------------------  ------------  -----------  -----------  -----------  ---------- 
 1 To receive 
  the annual accounts, 
  strategic report 
  and directors' 
  and auditors' 
  reports                  386,102,591   100          0            0.00         4,899,440 
------------------------  ------------  -----------  -----------  -----------  ---------- 
 2 To approve 
  the directors' 
  remuneration 
  policy                   382,942,821   98.74        4,899,440    1.26         3,159,770 
------------------------  ------------  -----------  -----------  -----------  ---------- 
 3 To approve 
  the directors' 
  remuneration 
  report                   375,728,621   96.88        12,113,640   3.12         3,159,770 
------------------------  ------------  -----------  -----------  -----------  ---------- 
 4 To re-appoint 
  BDO LLP as auditors 
  of the Company           386,102,591   100          0            0.00         4,899,440 
------------------------  ------------  -----------  -----------  -----------  ---------- 
 5 To authorise 
  the directors 
  to determine 
  the remuneration 
  of the auditors          386,102,591   100          0            0.00         4,899,440 
------------------------  ------------  -----------  -----------  -----------  ---------- 
 6 To re-elect 
  Nilesh Sachdev 
  as a director            386,102,591   100          0            0.00         4,899,440 
------------------------  ------------  -----------  -----------  -----------  ---------- 
 7 To re-elect 
  Charles Butler 
  as a director            386,102,591   100          0            0.00         4,899,440 
------------------------  ------------  -----------  -----------  -----------  ---------- 
 8 To re-elect 
  David Brown 
  as a director            386,102,591   100          0            0.00         4,899,440 
------------------------  ------------  -----------  -----------  -----------  ---------- 
 9 To re-elect 
  Georg Bucher 
  as a director            386,102,591   100          0            0.00         4,899,440 
------------------------  ------------  -----------  -----------  -----------  ---------- 
 10 To re-elect 
  John Le Poidevin 
  as a director            380,636,261   99.04        3,695,708    0.96         6,670,062 
------------------------  ------------  -----------  -----------  -----------  ---------- 
 11 To re-elect 
  Thomas Teichman 
  as a director            386,102,591   100          0            0.00         4,899,440 
------------------------  ------------  -----------  -----------  -----------  ---------- 
 12 To re-elect 
  Sharon Baylay 
  as a director            386,102,591   100          0            0.00         4,899,440 
------------------------  ------------  -----------  -----------  -----------  ---------- 
 13 Authority 
  for the directors 
  to issue shares          386,102,591   100          0            0.00         4,899,440 
------------------------  ------------  -----------  -----------  -----------  ---------- 
 14 Authority 
  for the directors 
  to disapply 
  pre-emption 
  rights in certain 
  circumstances            378,078,688   98.15        7,145,281    1.85         5,778,062 
------------------------  ------------  -----------  -----------  -----------  ---------- 
 15 Authority 
  to purchase 
  own shares               385,210,591   99.77        892,000      0.23         4,899,440 
------------------------  ------------  -----------  -----------  -----------  ---------- 
 16 Approval 
  of certain amendments 
  to the Long 
  Term Incentive 
  Plan                     382,942,821   99.77        892,000      0.23         7,167,210 
------------------------  ------------  -----------  -----------  -----------  ---------- 
 

Votes 'For' include votes at the discretion of the Chairman. Votes withheld are not votes in law and therefore have not been counted in the calculation of the percentages 'For' or 'Against' each resolution. Percentages are rounded to two decimal places. Total ordinary shares in issue at the time of the meeting were 469,816,939.

Resolution 14 was an Extraordinary Resolution.

There were no restrictions on shareholders to cast votes on any of the resolutions proposed at the AGM. In accordance with the Company's Articles of Incorporation, every shareholder has one vote for every ordinary share held.

- Ends -

Enquiries

 
Market Tech 
 Charles Butler, Chief Executive 
 Officer 
 David Brown, Chief Financial 
 Officer                           [phone] 
 c/o FTI Consulting                 1000 
FTI Consulting                     [phone] 
 Richard Sunderland                 1000 
 Claire Turvey                      [e-mail] 
 Clare Glynn 
 

About Market Tech

Market Tech combines the iconic Camden Market real estate assets with digital technology to deliver a living, working, retail and leisure environment. The Company owns approximately 16 acres of real estate assets in Camden, including the Stables Market; Union Street Market, (also known as Buck Street Market); Camden Lock Market; and Hawley Wharf, (formerly known as Camden Lock Village). It also owns separate real estate assets on Camden High Street; Kentish Town Road; properties on Jamestown Road, (including the Camden Wharf Building); The Interchange Building on Oval Road, Utopia Village in Primrose Hill, 1-11 Hawley Crescent and 49 Chalk Farm Road.

The Company owns three e-commerce businesses, referred to as Market Tech Digital. These are Stucco Media, an e-commerce marketing platform, Glispa, a Berlin-based mobile marketing business and Fiver, a B2C online fashion retailer.

www.market-tech.com

This information is provided by RNS

The company news service from the London Stock Exchange

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July 27, 2016 07:08 ET (11:08 GMT)