Result of GM and AGM

Aseana Properties Limited

31 May 2023

 

31 May 2023

Aseana Properties Limited

("Aseana" or the "Company")

Results of General Meeting with a discontinuation resolution and 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 and a General Meeting with a discontinuation resolution and its Annual General Meeting held 30 May 2023.

General Meeting with a discontinuation resolution

The Company is pleased to announce that at the General Meeting, 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 2025 but until then it will continue to seek to dispose of its assets in a measured manner.

The voting was as follows:

	For / Discretion votes	%	Against votes	%	Total votes cast	Abstained votes
1.  That the Company shall cease to continue as presently constituted	8,000,000	5.97	126,004,737	94.03	134,004,737	8,383,079
2.  Conditional on the failure of Resolution 1, to amend the Company's Articles	134,004,737	94.11	8,383,079	5.89	142,387,816	0

Percentage of votes cast excludes abstained votes.

Annual General Meeting

Resolutions 1 and 3 - 8 were passed with the requisite majority. Resolution 2, to re-elect Monica Lai, did not pass.  Consequently, Monica Lai will not be re-appointed as a Director and her duties as a Director stop with immediate effect. 

The voting was as follows:

	For / Discretion votes	%	Against votes	%	Total votes cast	Abstained votes
1.   Approval of Company's Annual Audited Financial Statements	157,629,215	100	0	0	157,629,215	2,108,467
2.   Re-elect Monica Lai	51,742,047	32.83	105,887,168	67.17	157,629,215	2,108,467
3.   Re-elect Nicholas John Paris	82,381,934	56.55	63,287,673	43.45	145,669,607	14,068,075
4.   Elect Hock Chye Tan	123,953,094	78.64	33,676,121	21.36	157,629,215	2,108,467
5.   Re-appoint PKF Littlejohn LLP as Auditor	157,629,215	100	0	0	157,629,215	2,108,467
6.   Authorise the Directors to determine the Auditor's remuneration	157,629,215	100	0	0	157,629,215	2,108,467
7.   Authorise the Company to make one or more purchases of its own shares	157,629,215	100	0	0	157,629,215	2,108,467
8.   Authorise the Company to hold shares repurchased under the share buyback authority as treasury shares	157,629,215	100	0	0	157,629,215	2,108,467

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.

For further information:

Grant Thornton UK LLP
Philip Secrett / George Grainger	[phone]

 

END