REG - Vietnam Etrps Inv Ld - Result of AGM

Vietnam Enterprise InvestmentsAnnouncement

04/06/2018 08:30

RNS Number : 1631Q
Vietnam Enterprise Investments Ltd
04 June 2018
 


COMPANY ANNOUNCEMENT
 
 
For Immediate Release                                                                                         4 June 2018
 
Vietnam Enterprise Investments Limited
 
Result of Annual General Meeting - 4 June 2018
 
 
The Board of Directors of Vietnam Enterprise Investments Limited (the "Company") announces that at the Annual General Meeting of the Company held on 4 June 2018, the resolutions numbered 1 to 9 in the notice of meeting for the Annual General Meeting were all passed by the required majority on a poll vote.
 
The votes made in relation to the resolutions proposed at the Annual General Meeting were as follows:
 
 




Ordinary Resolutions


For


%


Against


%


Total proxy votes cast


Abstentions




1. To receive and adopt the audited financial statements for the year ended 31 December 2017 together with the auditor's and Directors' reports thereon.


148,380,046


97.59


3,656,805


2.41


152,036,851


0




2.   To re-appoint KPMG Ltd of Vietnam as auditor of the Company and to authorise the Board to fix their remuneration.


151,867,400


99.89


169,451


0.11


152,036,851


0




3.   To re-elect Wolfgang Bertelsmeier as a Director of the Company.


148,380,046


97.59


3,656,805


2.41


152,036,851


0




4. To re-elect Gordon Lawson as a Director of the Company.


152,036,852


100.00


0


0.00


152,036,852


0




5.   To re-elect Derek Loh as a Director of the Company.


150,612,652


99.66


509,133


0.34


151,121,785


915,066




6.   To re-elect Stanley Yu‐Chung Chou as a Director of the Company.


152,036,852


100.00


0


0.00


152,036,852


0




7.  To elect Vi Le Peterson as a Director of the Company.


152,036,852


100.00


0


0.00


152,036,852


0




8. To re-elect Dominic Scriven as a Director of the Company.


149,378,443


98.25


2,658,408


1.75


152,036,851


0




 
 




Special Resolutions


For


%


Against


%


Total proxy votes cast


Abstentions




9.     To authorise the Company generally and unconditionally to make market purchases of its ordinary shares of US$0.01 each provided that:
(i)      the maximum aggregate number of ordinary shares that may be purchased is 14.99% of issued share capital as at the date of this resolution (32,996,839 shares);
(ii)     the minimum price which may be paid for each ordinary share is US$0.01;
(iii)    the maximum price (excluding expenses) which may be paid for each ordinary share is the higher of:
(a)  105 per cent of the average market value of an ordinary share in the Company for the five business days prior to the day the purchase is made; and
(b)  the higher of the price of the last independent trade and the highest current independent bid as stipulated by Regulatory Technical Standards adopted by the European Commission pursuant to Article 5 (6) of the Market Abuse Regulation; and
(iv) the authority conferred by this resolution shall expire on 31 December 2019 or, if earlier, at the conclusion of the Company's next annual general meeting save that the Company may, before the expiry of the authority granted by this resolution, enter into a contract to purchase ordinary shares which will or may be executed wholly or partly after the expiry of such authority.
 


152,008,242


99.98


28,610


0.02


152,036,852


0




 
Enquiries:
 
Vietnam Enterprise Investments Limited               
Rachel Hill
rachelhill@dragoncapital.com
+44 7971214852 / +44 1225 618 150
 
Jefferies International Limited                               
Stuart Klein
stuart.klein@jefferies.com                                                                                                     
+44 (0) 20 7029 8703
 
Smithfield                                             
Edward Brown                                                                                                      
Edward.Brown@smithfieldgroup.com   
+44 (0) 20 3047 2268
 
VEIL’s LEI code is 213800SYT3T4AGEVW864
 




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