MICHELMERSH BRICK HOLDINGS PLC

AGM Information • Nov 12, 2018

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RNS Number : 0604H

Macau Property Opportunities Fund

12 November 2018

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

12 November 2018

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 10.00 am on 12 November 2018, 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 2018.	37,355,672	99.95	17,479	0.05	3,440
2.   To approve the Directors' Remuneration Report for the year ended 30 June 2018.	37,330,527	99.88	46,064	0.12	0
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.	37,359,064	99.96	14,087	0.04	3,440
4.   To authorise the Directors to determine the remuneration of Ernst & Young LLP.	36,238,538	96.96	1,138,053	3.04	0
5.   To re-appoint Mark Huntley, who retires as a Director of the Company, in accordance with Article 20.6 of the Articles of Incorporation of the Company.	36,212,094	96.88	1,164,497	3.12	0
6.   To re-appoint Alan Clifton, who retires as a Director of the Company, in accordance with the AIC Code.	35,892,217	96.03	1,484,374	3.97	0
7.   To re-appoint Thomas Ashworth, who retires as a Director of the Company, in accordance with the AIC Code and UKLA Listing Rules 15.2.12A(1) and 15.2.13A.	33,632,514	89.98	3,744,077	10.02	0
Special business
8.   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 9,269,176 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 £0.01; (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.	37,373,152	99.99	3,440	0.01	0

Directorate Change

Following the AGM, Mr. Russell retired from the Board with immediate effect and Mr. Huntley has succeeded Mr. Russell as Chairman of the Board. The Company wishes to thank Mr. Russell for his contribution during his Chairmanship. 

--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 luxury residential 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

Investor Relations

Sniper Capital Limited

Tel: +65 6222 1440

info@snipercapital.com

www.snipercapital.com 

Corporate Broker

Liberum Capital

Gillian Martin

Tel: +44 20 3100 2217

Company Secretary & Administrator

Estera International Fund Managers (Guernsey) Limited

Kevin Smith

Tel: +44 14 8174 2742

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