25th Feb 2019 14:31
LONDON (Alliance News) - Mountview Estates PLC said Monday that Tony Solway will step down as non-executive chair on March 31, in the light of the results of the voting at the company's shareholder meetings in 2018.
Tony Powell, currently a non-executive director, will become deputy chair with immediate effect and will assume the role of acting chair on Solway's departure pending the search for a suitable replacement, the company added.
Shareholders in August 2018 rejected the re-election of Solway and Powell to board. The company subsequently called another meeting in November and put forward resolutions to re-elect the duo, which was then passed by a around 60% shareholders, although a significant minority shareholders still rejected their appointments.
Shares in property management company were untraded at 9,750.00 pence each.
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Mountview Est.