Aseana Properties Limited Result of AGM
July 30 2024 - 11:40AM
RNS Regulatory News
RNS Number : 4545Y
Aseana Properties Limited
30 July 2024
30 July 2024
Aseana Properties
Limited
("ASEANA" or the
"Company")
Results of 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 its Annual
General Meeting held today, 30 July 2024.
Annual General Meeting
The votes received in respect of the
resolutions proposed at the Annual General Meeting represented a
total of 90.9 per cent. of the 159,853,498 ordinary shares in issue
as at the date of the meeting (each ordinary share carries one
vote), which excludes 13,334,000 ordinary shares in
treasury.
Resolutions 1 and 4 to 7 were passed
with the requisite majority. Resolution 8 to hold treasury shares
was not passed.
Resolutions 2 and 3 to re-elect
Helen Wong and Tom Holland, did not pass. Consequently, Helen
Wong and Tom Holland will not be re-appointed as Directors and
their duties as Directors cease with immediate
effect.
Subsequent to the Annual General
Meeting the Board resolved to retain Helen Wong in a consultancy
role to the Company until at least 30 September 2024 to continue
with the ongoing asset divestment activities on the same financial
terms as her previous role as Divestment Director.
Meanwhile the remaining Directors will work to create robust
plans to manage the Company operations and continue the disposal of
our assets and on a plan to transition to those
plans.
The voting was as
follows:
|
Resolution
|
For /
Discretion votes
|
%
|
Against
votes
|
%
|
Total
votes cast less abstained
|
|
1. To
receive and consider the Audited Financial Statements, together
with the Reports of the Directors and the Auditor for the financial
year ended 31 December 2023
|
133,372,410
|
100%
|
0
|
0
|
133,372,410
|
|
2. To
re-elect Helen Siu Ming Wong, who retires by rotation, as a
Director
|
51,253,535
|
35.27%
|
94,078,483
|
64.73%
|
145,332,018
|
|
3. To
re-elect Thomas Holland, who retires by rotation, as a
Director
|
51,253,535
|
35.27%
|
94,078,483
|
64.73%
|
145,332,018
|
|
4. To elect
Robert Minty
|
138,332,018
|
95.18%
|
7,000,000
|
4.82%
|
145,332,018
|
|
5. To
re-appoint PKF Littlejohn LLP as Auditor of the Company
|
145,332,018
|
100%
|
0
|
0
|
145,332,018
|
|
6. To
authorise the Directors to determine the Auditor's
remuneration
|
145,332,018
|
100%
|
0
|
0
|
145,332,018
|
|
7. To renew
the Share Buyback Authority
|
107,228,218
|
73.78%
|
38,103,800
|
26.22%
|
145,332,018
|
|
8. To hold
shares repurchased under the Share Buyback Authority as treasury
shares
|
59,253,535
|
40.77%
|
86,078,483
|
59.23%
|
145,332,018
|
For
further information:
Aseana Properties Limited
Nick Paris, Non-Executive
Chairman
nickparis@btinternet.com
+44 (0)7738 470550
Grant Thornton UK LLP
Philip Secrett, Elliot
Peters
+44 (0)207 383 5100
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