27th Jul 2016 12:08
27 July 2016
Market Tech Holdings Limited
("Market Tech" or the "Company")
Results of 2016 Annual General Meeting
Market Tech (LSE: MKT) announces that, at its Annual General Meeting ("AGM") held today, all the proposed resolutions as set out in the AGM notice were duly passed on a show of hands.
The following proxy votes had been received by the Company in respect of the resolutions:
Resolution | Votes For | % of Votes For | Votes Against | % of Votes Against | Votes withheld |
1 To receive the annual accounts, strategic report and directors' and auditors' reports | 386,102,591 | 100 | 0 | 0.00 | 4,899,440 |
2 To approve the directors' remuneration policy | 382,942,821 | 98.74 | 4,899,440 | 1.26 | 3,159,770 |
3 To approve the directors' remuneration report | 375,728,621 | 96.88 | 12,113,640 | 3.12 | 3,159,770 |
4 To re-appoint BDO LLP as auditors of the Company | 386,102,591 | 100 | 0 | 0.00 | 4,899,440 |
5 To authorise the directors to determine the remuneration of the auditors | 386,102,591 | 100 | 0 | 0.00 | 4,899,440 |
6 To re-elect Nilesh Sachdev as a director | 386,102,591 | 100 | 0 | 0.00 | 4,899,440 |
7 To re-elect Charles Butler as a director | 386,102,591 | 100 | 0 | 0.00 | 4,899,440 |
8 To re-elect David Brown as a director | 386,102,591 | 100 | 0 | 0.00 | 4,899,440 |
9 To re-elect Georg Bucher as a director | 386,102,591 | 100 | 0 | 0.00 | 4,899,440 |
10 To re-elect John Le Poidevin as a director | 380,636,261 | 99.04 | 3,695,708 | 0.96 | 6,670,062 |
11 To re-elect Thomas Teichman as a director | 386,102,591 | 100 | 0 | 0.00 | 4,899,440 |
12 To re-elect Sharon Baylay as a director | 386,102,591 | 100 | 0 | 0.00 | 4,899,440 |
13 Authority for the directors to issue shares | 386,102,591 | 100 | 0 | 0.00 | 4,899,440 |
14 Authority for the directors to disapply pre-emption rights in certain circumstances | 378,078,688 | 98.15 | 7,145,281 | 1.85 | 5,778,062 |
15 Authority to purchase own shares | 385,210,591 | 99.77 | 892,000 | 0.23 | 4,899,440 |
16 Approval of certain amendments to the Long Term Incentive Plan | 382,942,821 | 99.77 | 892,000 | 0.23 | 7,167,210 |
Votes 'For' include votes at the discretion of the Chairman. Votes withheld are not votes in law and therefore have not been counted in the calculation of the percentages 'For' or 'Against' each resolution. Percentages are rounded to two decimal places. Total ordinary shares in issue at the time of the meeting were 469,816,939.
Resolution 14 was an Extraordinary Resolution.
There were no restrictions on shareholders to cast votes on any of the resolutions proposed at the AGM. In accordance with the Company's Articles of Incorporation, every shareholder has one vote for every ordinary share held.
- Ends -
Enquiries
Market Tech Charles Butler, Chief Executive Officer David Brown, Chief Financial Officer c/o FTI Consulting
| +44 (0) 20 3727 1000 |
FTI Consulting Richard Sunderland Claire Turvey Clare Glynn
| +44 (0) 20 3727 1000 |
About Market Tech
Market Tech combines the iconic Camden Market real estate assets with digital technology to deliver a living, working, retail and leisure environment. The Company owns approximately 16 acres of real estate assets in Camden, including the Stables Market; Union Street Market, (also known as Buck Street Market); Camden Lock Market; and Hawley Wharf, (formerly known as Camden Lock Village). It also owns separate real estate assets on Camden High Street; Kentish Town Road; properties on Jamestown Road, (including the Camden Wharf Building); The Interchange Building on Oval Road, Utopia Village in Primrose Hill, 1-11 Hawley Crescent and 49 Chalk Farm Road.
The Company owns three e-commerce businesses, referred to as Market Tech Digital. These are Stucco Media, an e-commerce marketing platform, Glispa, a Berlin-based mobile marketing business and Fiver, a B2C online fashion retailer.
www.market-tech.com
Related Shares:
MKT.L