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 | +44(0)20 7383 5100 |
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