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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