REG - Aseana Prop Ltd - Invalid Requisition for a General Meeting

Aseana PropertiesAnnouncement

05/08/2022 15:30

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RNS Number : 1433V  Aseana Properties Limited  05 August 2022

Aseana Properties Limited

("Aseana" or the "Company")

 

Invalid Requisition for a General Meeting

 

5 August 2022

 

Aseana Properties Limited (LSE: ASPL), a property developer in Malaysia which
is listed on the Main Market of the London Stock Exchange, announces that it
has received an invalid requisition notice (the "Requisition Notice") from
Legacy Essence Limited requiring that the  Directors should convene a general
meeting of Shareholders for the purpose of considering and, if thought fit,
approving a resolution to remove Helen Wong as a Director (the "Resolution").

 

Following guidance from its legal advisors in Jersey, the directors of Aseana
who are independent with regards to the resolution raised in the Requisition
Notice (the "Independent Directors") have determined that, as the Requisition
Notice was not received from a registered member, it is invalid pursuant to
article 89 of the Companies (Jersey) Law 1991 and as such Aseana's Independent
Directors have rejected the Requisition Notice.

 

Monica Lai who is a Director of the Company is a beneficiary of Legacy Essence
Limited.

 

The Independent Directors  state that Helen Wong continues to have their full
support in managing the operations of the Company and selling its assets. In
the event that a valid requisition is received, based on the information that
the Independent Directors have, they will recommend that Shareholders vote
against the Resolution at a general meeting.

 

For further information:

 

 Aseana Properties Limited
 Nick Paris, Non-Executive Chairman  nickparis@btinternet.com (mailto:nickparis@btinternet.com)

                                     +44(0)7738 470550

 Grant Thornton UK LLP
 Philip Secrett / George Grainger    +44(0)20 7383 5100

 

 

 

 

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