Aseana Properties Limited Extension of Management Agreement & Notice of AGM (7516C)
19 June 2019 - 6:50PM
UK Regulatory
TIDMASPL
RNS Number : 7516C
Aseana Properties Limited
19 June 2019
19 June 2019
Aseana Properties Limited
("Aseana" or "the Company")
Extension of Management Agreement and Notice of AGM
Aseana Properties Limited (LSE: ASPL), a property developer in
Malaysia and Vietnam listed on the Main Market of the London Stock
Exchange, announces that Ireka Development Management Sdn Bhd
("IDM"), the current Development Manager of Aseana, will cease to
act as the Company's Development Manager on 30 June 2019. This
represents an extension to IDM's three months' notice period, as
per the announcement made 22 March 2019, and is to ensure a smooth
handover following recent appointments.
IDM is a wholly-owned subsidiary of Ireka Corporation Berhad
("ICB") which holds 23.07% of Aseana's issued share capital. IDM
previously advised the Board that it decided to vacate its role as
Aseana's Development Manager to avoid any perception of conflict
between IDM's role as Development manager and ICB's position as a
substantial shareholder of Aseana.
In addition, the Board announces that its 2019 Annual Report and
Notice of Annual General Meeting have been posted to shareholders
earlier today.
Aseana will convene its Annual General Meeting at 12 Castle
Street, St. Helier, Jersey, JE2 3RT, Channel Islands on Monday, 8
July 2019 at 10.00 a.m.
The Annual Report and Notice of Annual General Meeting can be
obtained on the Company's website at the following links
http://www.aseanaproperties.com/annual_reports.htm and
http://www.aseanaproperties.com/documents.htm respectively. Both of
these documents have also been submitted to the National Storage
Mechanism and will shortly be available for public inspection at
http://www.morningstar.co.uk/uk/nsm.
For further information:
Aseana Properties Limited Tel: +603 6411 6388
Chan Chee Kian
N+1 Singer Tel: 020 7496 3000
James Maxwell / James Moat (Corporate
Finance) Sam Greatrex (Sales)
Tavistock Tel: 020 7920 3150
Jeremy Carey / James Verstringhe
Notes to Editors:
London--listed Aseana Properties Limited (LSE: ASPL) is a
property developer investing in Malaysia and Vietnam.
Ireka Development Management Sdn Bhd ("IDM") is the exclusive
Development Manager for Aseana. It is a wholly--owned subsidiary of
Ireka Corporation Berhad, a company listed on the Bursa Malaysia
since 1993, which has over 52 years of experience in construction
and property development. IDM is responsible for the day--to--day
management of Aseana's property portfolio and the divestment of
existing properties.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCLIFSTRDIALIA
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