14 November 2022
Mountview Estates P.L.C.
("Mountview" or "the Company")
Announcement regarding the Sinclair Family Concert Party
The Company has previously notified its shareholders of the existence of a concert party consisting of certain members of the Sinclair family, related Sinclair family trusts and companies under the control of certain Sinclair family members (the "Concert Party").
On 10 January 2020, the Company announced that all members of the Concert Party had entered into a new concert party agreement containing an extension of the previous agreement by a further period to 30 September 2022.The members of the Concert Party have re-affirmed to the Company that the Concert Party remains in place though they have decided that a formal agreement is no longer needed. They have also confirmed that they will continue to acknowledge the regulatory and internal obligations arising from the existence of the Concert Party, for example in relation to observing Rule 9 of the Takeover Code and notifying the Company Secretary of any proposed share transactions.
The Company has notified the Takeover Panel of the expiry of the Concert Party Agreement and the continued existence of the Concert Party.
The Concert Party continues to have control of voting rights over 1,964,199 ordinary shares representing approximately 50.38 per cent. of the Company's issued share capital.
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For further information on the Company, visit: www.mountviewplc.co.uk
SPARK Advisory Partners Limited (Financial Adviser): www.sparkadvisorypartners.com
Mark Brady - 020 3368 3550
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