Result of AGM

RNS Number : 2132H

Vietnam Enterprise Investments Ltd

06 June 2017

 

COMPANY ANNOUNCEMENT

For Immediate Release                                                                                         6 June 2017

Vietnam Enterprise Investments Limited

Result of Annual General Meeting - 6 June 2017

The Board of Directors of Vietnam Enterprise Investments Limited (the "Company") announces that at the Annual General Meeting of the Company held on 6 June 2017, 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 2016 together with the auditor's and Directors' reports thereon.	87,858,478	99.95	41,514	0.05	87,899,992	0
2.   To re-appoint KPMG Ltd of Vietnam as auditor of the Company for the ensuing year at a fee to be agreed by the Directors.	87,804,198	99.95	41,514	0.05	87,845,712	54,280
3.   To re-elect Stanley Yu-Chung Chou as a Director of the Company.	87,899,992	100.00	0	0.00	87,899,992	0
4.   To re-elect Marc Faber as a Director of the Company.	87,858,478	99.95	41,514	0.05	87,899,992	0
5.   To re-elect Wolfgang Bertelsmeier as a Director of the Company.	87,858,478	99.95	41,514	0.05	87,899,992	0
6.   To re-elect Derek Loh as a Director of the Company.	87,858,478	99.95	41,514	0.05	87,899,992	0
7.   To re-elect Gordon William Lawson as a Director of the Company.	87,899,992	100.00	0	0.00	87,899,992	0
8.   To re-elect Dominic Scriven as a Director of the Company.	85,227,480	96.96	2,672,512	3.04	87,899,992	0

Special Resolutions	For	%	Against	%	Total proxy votes cast	Abstentions
9.     That, as a special resolution the Company generally and unconditionally authorised 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; (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 2018 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.	87,899,992	100.00	0	0.00	87,899,992	0

Enquiries:

Vietnam Enterprise Investments Ltd       Rachel Hill

                                                             [e-mail]

                                                             [phone]

Jefferies International Limited                 Stuart Klein

                                                             [e-mail]                              

                                                              [phone]

Smithfield                                               Mav Wynn                                                      

                                                              [e-mail]         

                                                              [phone]

 

END

 

 

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