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LONDON - Mountview Estates P.L.C. announced Monday that shareholders approved both resolutions at its General Meeting, despite significant minority opposition to each proposal.
According to a statement released by the company, shareholders voted to re-elect A.W. Powell as director with 69.58% support and to elect T.E.B. Hartley as director with 70.49% approval. Both resolutions faced opposition from approximately 30% of votes cast.
The meeting saw participation representing 75.01% of the company's issued share capital, with a small number of votes withheld on each resolution.
In its statement, Mountview acknowledged the significant minority votes against both resolutions, defining this as opposition exceeding 20%. The company stated it would "continue to seek to engage with independent shareholders" and consider their feedback regarding concerns.
Under English law, votes withheld are not counted in the calculation of votes for or against a resolution.
Mountview Estates is a UK property company that specializes in regulated tenancy investments. The information was disclosed in a regulatory announcement distributed through the London Stock Exchange's news service.
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