REG - Aseana Prop Ltd - Result of GM and AGM

Aseana PropertiesAnnouncement

31/05/2023 09:00

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RNS Number : 1561B  Aseana Properties Limited  31 May 2023

31 May 2023

 

Aseana Properties Limited

 

("Aseana" or the "Company")

 

Results of General Meeting with a discontinuation resolution and 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 and a General Meeting with a discontinuation resolution and its Annual
General Meeting held 30 May 2023.

General Meeting with a discontinuation resolution

The Company is pleased to announce that at the General Meeting, shareholders
have supported both the Board's recommendations, to vote against the ordinary
resolution that the Company shall cease to continue as presently constituted
and to vote in favour of the special resolution to amend the Company's
Articles. As a result, the Company will hold another discontinuation vote in
May 2025 but until then it will continue to seek to dispose of its assets in a
measured manner.

 

The voting was as follows:

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

 1.  That the Company shall cease to continue as presently constituted    8,000,000               5.97   126,004,737    94.03  134,004,737       8,383,079

 2.  Conditional on the failure of Resolution 1, to amend the Company's   134,004,737             94.11  8,383,079      5.89   142,387,816       0
 Articles

Percentage of votes cast excludes abstained votes.

Annual General Meeting

Resolutions 1 and 3 - 8 were passed with the requisite majority. Resolution 2,
to re-elect Monica Lai, did not pass.  Consequently, Monica Lai will not be
re-appointed as a Director and her duties as a Director stop with immediate
effect.

The voting was as follows:

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

 1.   Approval of Company's Annual Audited Financial Statements                157,629,215             100    0              0      157,629,215       2,108,467
 2.   Re-elect Monica Lai                                                      51,742,047              32.83  105,887,168    67.17  157,629,215       2,108,467
 3.   Re-elect Nicholas John Paris                                             82,381,934              56.55  63,287,673     43.45  145,669,607       14,068,075
 4.   Elect Hock Chye Tan                                                      123,953,094             78.64  33,676,121     21.36  157,629,215       2,108,467
 5.   Re-appoint PKF Littlejohn LLP as Auditor                                 157,629,215             100    0              0      157,629,215       2,108,467
 6.   Authorise the Directors to determine the Auditor's remuneration          157,629,215             100    0              0      157,629,215       2,108,467
 7.   Authorise the Company to make one or more purchases of its own shares    157,629,215             100    0              0      157,629,215       2,108,467
 8.   Authorise the Company to hold shares repurchased under the share         157,629,215             100    0              0      157,629,215       2,108,467
 buyback authority as treasury shares

Percentage of votes cast excludes abstained votes.

The resolutions can be obtained on the Company's website at
http://www.aseanaproperties.com/ (http://www.aseanaproperties.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) .

For further information:

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

 

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