REG - Vietnam Enterprise Vietnam Ent Inv-VEID - Result of AGM

Vietnam Enterprise InvestmentsAnnouncement

18/06/2025 14:15

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RNS Number : 4348N  Vietnam Enterprise Investments Ltd  18 June 2025

For Immediate Release
 
 

18 June 2025

 

Vietnam Enterprise Investments Limited

(the "Company")

 

RESULT OF ANNUAL GENERAL MEETING

 

The Board of Directors of the Company announces that at the Annual General
Meeting of the Company held on 18 June 2025 (the "2025 AGM"):

 

 -  Resolutions 1 to 9 as set out in the notice of meeting for the 2025 AGM were
    passed by the required majority; and
 -  Resolution 10, to wind up the Company effective on 31 December 2027, was not
    passed by the required majority.

 

in each case following a poll.

 

Resolutions 1 to 8 were proposed as Ordinary Resolutions and resolutions 9 and
10 were proposed as Special Resolutions.

 

In the notice of the 2025 AGM dated 13 May 2025, the Board had recommended
that shareholders vote in favour Resolutions 1 to 9 and against Resolution 10.

 

The Board notes that, in relation to Resolution 10, votes constituting 41.06%
of the total votes cast were cast in favour of the resolution, contrary to the
Board's recommendation. The Board believes that most of the votes in favour of
Resolution 10 were centred on a small number of sizeable shareholders. The
Board commits to consult with relevant shareholders in order to understand the
reasons behind their voting decision with a view to providing an update within
six months, as required by the AIC Code on Corporate Governance.

 

The votes made in relation to the resolutions proposed at the 2025 AGM were as
follows:

 

                                                                               For          %       Against     %      Total votes cast  Votes withheld
 Ordinary Resolutions
 1.    To receive and adopt the audited financial statements for the year      133,558,936  100.00  168         0.00   133,559,104       1,282,670
 ended 31 December 2024 together with the auditor's and Directors' reports
 thereon.
 2.    To re-appoint KPMG Limited of Vietnam as auditor of the Company and     133,527,552  99.79   286,818     0.21   133,814,370       1,027,404
 to authorise the Board to fix their remuneration.
 3.    To re-elect Sarah Arkle as a Director of the Company.                   132,947,315  99.54   611,264     0.46   133,558,579       1,283,195
 4.    To re-elect Charles Cade as a Director of the Company.                  133,203,106  99.54   611,264     0.46   133,814,370       1,027,404
 5.    To re-elect Vi Peterson as a Director of the Company.                   132,567,403  99.07   1,246,967   0.93   133,814,370       1,027,404
 6.    To re-elect Low Suk Ling as a Director of the Company.                  133,203,106  99.54   611,264     0.46   133,814,370       1,027,404
 7.    To elect Edphawin Jetjirawat as a Director of the Company.              133,202,106  99.54   611,264     0.46   133,813,370       1,028,404
 8.    To re-elect Dominic Scriven as a Director of the Company.               132,674,599  99.15   1,139,771   0.85   133,814,370       1,027,404
 Special Resolutions
 9.  To authorise the Company generally and unconditionally to make market     133,558,936  99.81   255,959     0.19   133,814,895       1,026,879
 purchases of its Ordinary Shares of US$0.01 par value.
 10. To wind up the Company effective 31 December 2027.                        55,365,155   41.06   79,476,619  58.94  134,841,774       0

 

In accordance with UK Listing Rule 6.4.2R, copies of the resolutions
comprising special business have been made available for inspection on the
National Storage Mechanism
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

For further information, please contact:

Vietnam Enterprise Investments Limited

Steven Mantle

+44 (0) 755 370 1237

stevenmantle@dragoncapital.com (mailto:stevenmantle@dragoncapital.com)

 

Jefferies International Limited

Stuart Klein

+44 (0) 207 029 8703

stuart.klein@jefferies.com (mailto:stuart.klein@jefferies.com)

 

h2Radnor

Iain Daly

+44 (0) 20 3897 1830

idaly@h2radnor.com (mailto:idaly@h2radnor.com)

 

Montfort Communications

Gay Collins, Alex Everett

+44 (0) 7798 626282

veil@montfort.london (mailto:veil@montfort.london)

 

LEI: 213800SYT3T4AGEVW864

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