REG - Aseana Prop Ltd - Result of AGM

Aseana PropertiesAnnouncement

30/07/2024 16:45

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RNS Number : 4545Y  Aseana Properties Limited  30 July 2024

30 July 2024

Aseana Properties Limited

("ASEANA" or the "Company")

Results of Annual General Meeting

 

Aseana Properties Limited (LSE: ASPL), a property developer in Malaysia,
listed on the Main Market of the London Stock Exchange, announces the results
of its Annual General Meeting held today, 30 July 2024.

Annual General Meeting

The votes received in respect of the resolutions proposed at the Annual
General Meeting represented a total of 90.9 per cent. of the 159,853,498
ordinary shares in issue as at the date of the meeting (each ordinary share
carries one vote), which excludes 13,334,000 ordinary shares in treasury.

Resolutions 1 and 4 to 7 were passed with the requisite majority. Resolution 8
to hold treasury shares was not passed.

Resolutions 2 and 3 to re-elect Helen Wong and Tom Holland, did not pass.
 Consequently, Helen Wong and Tom Holland will not be re-appointed as
Directors and their duties as Directors cease with immediate effect.

Subsequent to the Annual General Meeting the Board resolved to retain Helen
Wong in a consultancy role to the Company until at least 30 September 2024 to
continue with the ongoing asset divestment activities on the same financial
terms as her previous role as Divestment Director.   Meanwhile the remaining
Directors will work to create robust plans to manage the Company operations
and continue the disposal of our assets and on a plan to transition to those
plans.

The voting was as follows:

 Resolution                                                                       For / Discretion votes  %       Against votes  %       Total votes cast less abstained
 1.     To receive and consider the Audited Financial Statements, together        133,372,410             100%    0              0       133,372,410
 with the Reports of the Directors and the Auditor for the financial year ended

 31 December 2023

 2.     To re-elect Helen Siu Ming Wong, who retires by rotation, as a            51,253,535              35.27%  94,078,483     64.73%  145,332,018
 Director
 3.     To re-elect Thomas Holland, who retires by rotation, as a Director        51,253,535              35.27%  94,078,483     64.73%  145,332,018
 4.     To elect Robert Minty                                                     138,332,018             95.18%  7,000,000      4.82%   145,332,018
 5.     To re-appoint PKF Littlejohn LLP as Auditor of the Company                145,332,018             100%    0              0       145,332,018
 6.     To authorise the Directors to determine the Auditor's remuneration        145,332,018             100%    0              0       145,332,018
 7.     To renew the Share Buyback Authority                                      107,228,218             73.78%  38,103,800     26.22%  145,332,018
 8.     To hold shares repurchased under the Share Buyback Authority as           59,253,535              40.77%  86,078,483     59.23%  145,332,018
 treasury shares

 

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, Elliot Peters
     +44 (0)207 383 5100

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