TIDMASPL

RNS Number : 3025Y

Aseana Properties Limited

30 December 2019

30 December 2019

Aseana Properties Limited

("Aseana" or the "Company")

Result of General Meeting

On 13 December 2019, Aseana Properties Limited (LSE: ASPL), a property developer in Malaysia and Vietnam, listed on the Main Market of the London Stock Exchange, announced that it had put forward recommended Proposals regarding the future of the Company to be considered at a General Meeting of the Company.

The Company is pleased to announce that at the General Meeting held earlier today, 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 2021 but until then it will continue to seek to dispose of its assets in a measured manner.

The voting was as follows:

 
                               For / Discretion   %     Against       %     Total votes   Abstained 
                                votes                    votes               cast          votes 
 1. That the Company 
  shall cease to continue 
  as presently constituted                    0     0   144,751,743   100   144,751,743           0 
                              -----------------  ----  ------------  ----  ------------  ---------- 
 2. Conditional on 
  the failure of Resolution 
  1, to amend the 
  Company's Articles                144,751,743   100             0     0   144,751,743           0 
                              -----------------  ----  ------------  ----  ------------  ----------

* Percentage of votes cast excludes abstained votes.

A copy of the resolutions passed at the General Meeting will shortly be submitted to the National Storage Mechanism located at: http://www.morningstar.co.uk/uk/NSM.

Terms defined in the Circular published on 13 December 2019 have the same meaning in this announcement.

For further information:

 
 Aseana Properties Limited        Tel: 020 7920 3150 
 (via Tavistock) 
 Liberum Capital                  Tel: 020 3100 2000 
 Gillian Martin / Owen Matthews 
 Tavistock                        Tel: 020 7920 3150 
 Jeremy Carey                     jeremy.carey@tavistock.co.uk

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

ROMURVORKSAUOAA

(END) Dow Jones Newswires

December 30, 2019 08:56 ET (13:56 GMT)

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