27 February 2024
Aseana Properties
Limited
("Aseana" or the
"Company")
Result of General Meeting and
appointment of Alternate Director
Aseana Properties Limited (LSE: ASPL), a
property developer in Malaysia listed on the Main Market of the
London Stock Exchange, announces that at the General Meeting held
today at 11.30 a.m. at the registered office address of the Company
at Osprey House, 5-7 Old Street, St. Helier, Jersey, JE2 3RG,
Channel Islands, resolutions 1 and 2 as set out in the Circular and
Notice of General Meeting sent to shareholders on 9 February 2024
("Publication of Circular and General Meeting") were duly passed.
Resolution 3 was not passed by the requisite majority and a further
announcement will be made in due course on the proposed treatment
of the Buyback Shares.
Resolution 1 was passed as a special resolution
and the full text of the resolutions is set out in the Notice of
General Meeting.
The voting was as follows:
|
|
For / Discretion votes
|
%
|
Against votes
|
%
|
Total votes cast
|
Abstained votes
|
|
1. Authority
to buy-back 38,837,504 Shares in
the capital of the Company as part consideration for the withdrawal
by the Company of the Claim (as more fully described in the
Circular)
|
132,440,485
|
100%
|
0
|
0%
|
132,440,485
|
45,837,504
|
|
2. Authority to enter into the
Share Buyback Agreement
|
132,440,485
|
100%
|
0
|
0%
|
132,440,485
|
45,837,504
|
|
3.
Authority, conditional upon the passing of
Resolutions 1 and 2, for the Buyback Shares to be held in
treasury
|
69,099,914
|
39%
|
109,178,075
|
61%
|
178,277,989
|
0
|
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.
The Proposed Transaction is
conditional on ICB obtaining approval of the transactions
contemplated pursuant to the Settlement Agreement in the Winding Up
Court in Malaysia within 30 days of signing of the Settlement
Agreement. A further announcement will be made when the
outstanding condition is satisfied.
Capitalised terms used but not
defined in this announcement have the meanings set out in the
Circular.
At a board meeting held prior to the
General Meeting, the Directors appointed Mark George Nisbet as an
alternate Jersey based director to Robert Donald Minty. Mr
Nisbet qualified as an English solicitor in 2007 and an Advocate of
the Royal Court of Jersey in 2009 and has previously worked in the
corporate and banking groups for top tier Jersey law firms. Mark
has over 15 years' experience of Jersey company law, security law
and regulatory matters.
For further
information:
Aseana
Properties Limited
Nick Paris, Non-Executive Chairman
nickparis@btinternet.com
+44 (0)7738 470550
Grant Thornton
UK LLP
Philip Secrett, Enzo
Aliaj
+44 (0)207 383 5100
