TIDMASPL

RNS Number : 1561B

Aseana Properties Limited

31 May 2023

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   %       Against       %       Total votes   Abstained 
                             votes                      votes                 cast          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   %       Against       %       Total votes   Abstained 
                              votes                      votes                 cast          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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END

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