RNS Number : 8208K
Aseana Properties Limited
30 May 2025
 

 

 

30 May 2025

 

ASEANA PROPERTIES LIMITED
("Aseana" or the "Company")

 

Result of General Meeting with a discontinuation resolution and

Result of Annual General Meeting

 

Aseana (LSE: ASPL), a property developer in Malaysia listed on the main market of the London Stock Exchange, announces the results of the general meeting (the "General Meeting") with a discontinuation resolution and its annual general meeting (the "Annual General Meeting"), both held earlier today.

 

General Meeting with a discontinuation resolution

 

The Company is pleased to announce that at the General Meeting held earlier today, shareholders have supported the Board of Aseana's recommendations to: (i) vote against the ordinary resolution that the Company shall cease to continue as presently constituted; and (ii) to vote in favour of the special resolution to amend the Company's articles of association.

 

As a result, the Company will hold another discontinuation vote in May 2027 and in the meantime will continue to operate in accordance with the strategy set out in the notice of General Meeting dated 14 May 2025.

 

The voting received from shareholders was as follows:

 


For / Discretion votes

 

%

Against votes

%

Total votes cast

Abstained votes

1.  That the Company shall cease to continue as presently constituted

 

42,101,205

 

20.53%

 

162,922,171

 

79.47%

 

205,023,376

 

0

 

2.  Conditional on the failure of Resolution 1, to amend the Company's Articles

174,923,784

 

85.32%

 

30,099,592

 

14.68%

 

205,023,376

 

0

 

Percentage of votes cast excludes abstained votes.

 

Annual General Meeting

 

The Company is pleased to announce that all resolutions were passed at the Annual General Meeting held earlier today and following the General Meeting.

 

The voting received from shareholders was as follows:

 

The voting was as follows:

 


For / Discretion votes

 

%

Against votes

%

Total votes cast

Abstained votes

1.   Approval of Company's Annual Audited Financial Statements 

219,516,748

 

100%

0

0%

219,516,748

0

2.   Elect Dato' Dr Thong Kok Cheong

162,922,171

74.22%

56,594,577

25.78%

219,516,748

0

3.   Elect Lim Tian Huat

162,922,171

74.22%

56,594,577

25.78%

219,516,748

0

4.   Elect Leong Kheng Cheong

162,922,171

74.22%

56,594,577

25.78%

219,516,748

0

5.   Re-appoint PKF Littlejohn LLP as Auditor

219,516,748

100%

0

0.00%

219,516,748

0

6.   Authorise the Directors to determine the Auditor's remuneration

219,516,748

100%

0

0.00%

219,516,748

0

7.   Authorise the Directors to issue and allot new Ordinary Shares

162,922,171

74.22%

56,594,577

25.78%

219,516,748

0

Percentage of votes cast excludes abstained votes.

The resolutions can be obtained on the Company's website at https://aseanapropertieslimited.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.

 

Enquiries:  

 

Aseana Properties Limited


Leong Kheng Cheong

Lim Tian Huat

Thong Kok Cheong

kc.leong@aseanapropertieslimited.com   

thlim@aseanaplc.com   

kcthong@aseanaplc.com 



Allenby Capital Limited (Financial Adviser)

+44 (0) 20 3328 5656

Nick Naylor / Nick Athanas / Ashur Joseph


 

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