Macau Property Opportunities Fund Result of AGM (9573G)

TIDMMPO

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     Against     % of    Withheld 
                                                                    Vote                 Vote 
 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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November 30, 2020 07:44 ET (12:44 GMT)