Mountview Estates PLC Update on 2022 Annual General Meeting outcome (7157O)

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RNS Number : 7157O

Mountview Estates PLC

02 February 2023

2 February 2023

MOUNTVIEW ESTATES P.L.C.

("Mountview" or "the Company")

Update on 2022 Annual General Meeting outcome

In accordance with provision 4 of the UK Corporate Governance Code, the Company is providing the following update to the 2022 Annual General Meeting ("AGM") voting results announced on 10 August 2022 regarding the significant vote against a number of resolutions:

Resolution 5: re-election of Ms M.L. Archibald as a Director of the Company;

Resolution 6: re-election of Mr A.W. Powell as a Director of the Company;

Resolution 8: to approve the Directors' Remuneration Report;

Resolution 9: to approve the Directors' Remuneration Policy; and

Resolution 10: re-appointment of Messrs BSG Valentine (UK) LLP as auditors of the Company.

In addition, Resolutions 12 and 13, to re-elect Ms M.L. Archibald and Mr A.W. Powell as directors of the Company, were not approved by a majority of the Company's independent shareholders. At a subsequent general meeting held on 21 November 2022, as the Company was entitled to convene in accordance with the Financial Conduct Authority's Listing Rules, both Ms M.L. Archibald and Mr A.W. Powell were re-elected as directors of the Company.

Following the 2022 AGM, and as it has done previously, the Company identified as far as possible those shareholders who did not support the various resolutions and attempted to engage with them to seek their views. Those shareholders did not wish to engage. The Company remains committed to shareholder engagement and we will continue to offer to have discussions with shareholders and will take into account their concerns and considerations in the future.

Ends

For further information on the Company, visit: www.mountviewplc.co.uk

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February 02, 2023 02:00 ET (07:00 GMT)