REG - Aseana Prop Ltd - Result of AGM and GM

Aseana PropertiesAnnouncement

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RNS Number : 8208K  Aseana Properties Limited  30 May 2025

 

 

30 May 2025

 

ASEANA PROPERTIES LIMITED

("Aseana" or the "Company")

 

Result of General Meeting with a discontinuation resolution and

Result of Annual General Meeting

 

Aseana (LSE: ASPL), a property developer in Malaysia listed on the main market
of the London Stock Exchange, announces the results of the general meeting
(the "General Meeting") with a discontinuation resolution and its annual
general meeting (the "Annual General Meeting"), both held earlier today.

 

General Meeting with a discontinuation resolution

 

The Company is pleased to announce that at the General Meeting held earlier
today, shareholders have supported the Board of Aseana's recommendations to:
(i) vote against the ordinary resolution that the Company shall cease to
continue as presently constituted; and (ii) to vote in favour of the special
resolution to amend the Company's articles of association.

 

As a result, the Company will hold another discontinuation vote in May 2027
and in the meantime will continue to operate in accordance with the strategy
set out in the notice of General Meeting dated 14 May 2025.

 

The voting received from shareholders was as follows:

 

                                                                          For / Discretion votes  %       Against votes  %       Total votes cast  Abstained votes

 1.  That the Company shall cease to continue as presently constituted    42,101,205              20.53%  162,922,171    79.47%  205,023,376       0

 2.  Conditional on the failure of Resolution 1, to amend the Company's   174,923,784             85.32%  30,099,592     14.68%  205,023,376       0
 Articles

Percentage of votes cast excludes abstained votes.

 

Annual General Meeting

 

The Company is pleased to announce that all resolutions were passed at the
Annual General Meeting held earlier today and following the General Meeting.

 

The voting received from shareholders was as follows:

 

The voting was as follows:

 

                                                                         For / Discretion votes  %       Against votes  %       Total votes cast  Abstained votes

 1.   Approval of Company's Annual Audited Financial Statements          219,516,748             100%    0              0%      219,516,748       0

 2.   Elect Dato' Dr Thong Kok Cheong                                    162,922,171             74.22%  56,594,577     25.78%  219,516,748       0
 3.   Elect Lim Tian Huat                                                162,922,171             74.22%  56,594,577     25.78%  219,516,748       0
 4.   Elect Leong Kheng Cheong                                           162,922,171             74.22%  56,594,577     25.78%  219,516,748       0
 5.   Re-appoint PKF Littlejohn LLP as Auditor                           219,516,748             100%    0              0.00%   219,516,748       0
 6.   Authorise the Directors to determine the Auditor's remuneration    219,516,748             100%    0              0.00%   219,516,748       0
 7.   Authorise the Directors to issue and allot new Ordinary Shares     162,922,171             74.22%  56,594,577     25.78%  219,516,748       0

Percentage of votes cast excludes abstained votes.

The resolutions can be obtained on the Company's website
at https://aseanapropertieslimited.com/
(https://aseanapropertieslimited.com/) and have been submitted to the National
Storage Mechanism to be made available for public inspection
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

Enquiries:

 

 Aseana Properties Limited
 Leong Kheng Cheong                            kc.leong@aseanapropertieslimited.com

                                             (mailto:kc.leong@aseanapropertieslimited.com)
 Lim Tian Huat

                                             thlim@aseanaplc.com (mailto:thlim@aseanaplc.com)
 Thong Kok Cheong

                                               kcthong@aseanaplc.com (mailto:kcthong@aseanaplc.com)

 Allenby Capital Limited (Financial Adviser)   +44 (0) 20 3328 5656
 Nick Naylor / Nick Athanas / Ashur Joseph

 

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