MICHELMERSH BRICK HOLDINGS PLC

AGM Information • Nov 8, 2017

National Storage Mechanism | Additional information

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RNS Number : 9550V

Macau Property Opportunities Fund

08 November 2017

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

8 November 2017

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 2.30 p.m. on 8 November 2017, each of the Resolutions tabled were duly passed without amendment.

The details of each resolution are as follows:

Resolution	Votes For / Discretionary	% of Vote	Against	% of Vote	Withheld	% of 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 2017.	57,482,091	100%	0	0.00%	0	0.00%
2.   To approve the Directors' Remuneration Report for the year ended 30 June 2017.	57,477,839	99.99%	4,252	0.01%	0	0.00%
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.	57,401,879	99.92%	43,200	0.07%	37,012	0.01%
4.   To authorise the Directors to determine the remuneration of Ernst & Young LLP.	57,460,245	99.96%	21,846	0.04%	0	0.00%
5.   To re-appoint Christopher Russell, who retires as a Director of the Company, in accordance with Article 20.3 of the Articles of Incorporation of the Company (the "Articles").	57,427,485	99.91%	54,606	0.09%	0	0.00%
6.   To re-appoint Wilfred Woo, who retires as a Director of the Company, in accordance with Article 20.3 of the Articles.	57,482,091	100%	0	0.00%	0	0.00%
7.   To re-appoint Alan Clifton, who retires as a Director of the Company, in accordance with the AIC Code.	57,161,329	99.44%	44,406	0.08%	276,356	0.48%
8.   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.	56,438,246	98.18%	1,043,845	1.82%	0	0.00%
Special business
9.   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 £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.	57,477,839	99.99%	4,252	0.01%	0	0.00%

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.

About Macau Property Opportunities Fund

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.

Premium listed on the London Stock Exchange, it is also a constituent stock of the FTSE All-Share and FTSE SmallCap indices.

Launched in 2006, the Company targets strategic property investment and development opportunities in Macau. Its current portfolio comprises a mix of prime residential and retail 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

Investor Relations

Sniper Capital Limited

Doris Boo

Tel: +65 6222 1440

info@snipercapital.com

www.snipercapital.com 

Corporate Broker

Liberum Capital

Richard Bootle / Jonathan Wilkes-Green / Henry Freeman

Tel: +44 20 3100 2232

Company Secretary & Administrator

Heritage International Fund Managers

Kevin Smith

Tel: +44 14 8171 6000

This information is provided by RNS

The company news service from the London Stock Exchange

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