REG - Aseana Prop Ltd - Results of GM and Director Appointment

Aseana PropertiesAnnouncement

27/02/2024 13:15

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RNS Number : 6546E  Aseana Properties Limited  27 February 2024

27 February 2024

Aseana Properties Limited

("Aseana" or the "Company")

 

Result of General Meeting and appointment of Alternate Director

Aseana Properties Limited (LSE: ASPL), a property developer in Malaysia listed
on the Main Market of the London Stock Exchange, announces that at the General
Meeting held today at 11.30 a.m. at the registered office address of the
Company at Osprey House, 5-7 Old Street, St. Helier, Jersey, JE2 3RG, Channel
Islands, resolutions 1 and 2 as set out in the Circular and Notice of General
Meeting sent to shareholders on 9 February 2024 ("Publication of Circular and
General Meeting") were duly passed. Resolution 3 was not passed by the
requisite majority and a further announcement will be made in due course on
the proposed treatment of the Buyback Shares.

 

Resolution 1 was passed as a special resolution and the full text of the
resolutions is set out in the Notice of General Meeting.

 

The voting was as follows:

 

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

 1.  Authority to buy-back 38,837,504 Shares in the capital of the Company as   132,440,485             100%  0              0%   132,440,485       45,837,504
 part consideration for the withdrawal by the Company of the Claim (as more
 fully described in the Circular)
 2.  Authority to enter into the Share Buyback Agreement                        132,440,485             100%  0              0%   132,440,485       45,837,504
 3.  Authority, conditional upon the passing of Resolutions 1 and 2, for the    69,099,914              39%   109,178,075    61%  178,277,989       0
 Buyback Shares to be held in treasury

Percentage of votes cast excludes abstained votes.

The resolutions can be obtained on the Company's website at
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) .

 

The Proposed Transaction is conditional on ICB obtaining approval of the
transactions contemplated pursuant to the Settlement Agreement in the Winding
Up Court in Malaysia within 30 days of signing of the Settlement Agreement.
A further announcement will be made when the outstanding condition is
satisfied.

 

Capitalised terms used but not defined in this announcement have the meanings
set out in the Circular.

 

At a board meeting held prior to the General Meeting, the Directors appointed
Mark George Nisbet as an alternate Jersey based director to Robert Donald
Minty.  Mr Nisbet qualified as an English solicitor in 2007 and an Advocate
of the Royal Court of Jersey in 2009 and has previously worked in the
corporate and banking groups for top tier Jersey law firms. Mark has over 15
years' experience of Jersey company law, security law and regulatory matters.

 

For further information:

Aseana Properties Limited

Nick Paris, Non-Executive Chairman   nickparis@btinternet.com

 
+44 (0)7738 470550

Grant Thornton UK LLP

Philip Secrett, Enzo Aliaj                         +44
(0)207 383 5100

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