TIDMCTI
RNS Number : 7642I
Cathay International Holdings Ld
21 June 2017
Cathay International Holdings Limited
("Cathay" or the "Company")
Results of Annual General Meeting ("AGM")
Hong Kong, 21 June 2017 - Cathay International Holdings Limited
(LSE: CTI.L), an operator and investor in the growing healthcare
sector in the People's Republic of China, today announces that at
the AGM held earlier today, all resolutions as set out in the
Notice of AGM dated 28 April 2017 were duly passed, save for
ordinary resolutions numbered 2 and 3 (the "Re-Election
Resolutions") which are subject to the dual voting requirements of
Listing Rule 9.2.2E. Although the Re-Election Resolutions were
approved by a majority of all shareholders, the majority of the
votes cast by the independent shareholders were against the
Re-Election Resolutions. Accordingly, and pursuant to Listing Rule
9.2.2F, further ordinary resolutions to re-elect the respective
directors (Messrs Sum Soon Lim and Kenneth K. Toong) (the "Further
Re-Election Resolutions") will be proposed by the Company. The
relevant voting will take place on a date to be announced by the
Company within a period commencing 90 days from today's date and
ending 120 days from today's date. Pursuant to the guidance note at
Listing Rule 9.2.2D, Messrs Sum Soon Lim and Kenneth K. Toong shall
remain in office until the Further Re-Election Resolutions have
been voted upon by all shareholders of the Company. Pursuant to
Listing Rule 9.2.2F(3), the Further Re-Election Resolutions must be
approved by the shareholders of the Company, without the
requirement for separate voting by the independent shareholders.
The final poll voting results for each resolution are shown in the
table below:
Ordinary resolutions For Against Total Withheld
votes
------------------------------------- ------------ ----------- ------------ ---------
1. Report and Accounts 396,219,499 41,723,364 437,942,863 5,256
------------------------------------- ------------ ----------- ------------ ---------
2. Re-election of
Mr. Sum Soon Lim
* all shareholders 396,217,937 41,728,282 437,946,219 1,900
* independent shareholders 6,075,983 41,728,282 47,804,265 1,900
------------------------------------- ------------ ----------- ------------ ---------
3. Re-election of
Mr. Kenneth K. Toong
* all shareholders 396,219,887 41,726,332 437,946,219 1,900
* independent shareholders 6,077,933 41,726,332 47,804,265 1,900
------------------------------------- ------------ ----------- ------------ ---------
4. Reappointment
of Auditor 437,804,293 141,926 437,946,219 1,900
------------------------------------- ------------ ----------- ------------ ---------
5. Authority to
allot new shares 437,806,260 139,959 437,946,219 1,900
------------------------------------- ------------ ----------- ------------ ---------
Special resolutions For Against Total Withheld
votes
------------------------ ------------ ----------- ------------ ---------
6. Disapplication
of pre-emption rights 396,196,609 41,744,610 437,941,219 6,900
------------------------ ------------ ----------- ------------ ---------
7. Authority to
purchase own shares 437,943,080 5,039 437,948,119 0
------------------------ ------------ ----------- ------------ ---------
Notes:
1. Any proxy votes which are at the discretion of the Chairman
have been included in the 'For' total.
2. A vote 'Withheld' is not a vote in law and is not counted in
the calculation of the proportion of the votes for and against a
resolution.
A copy of the resolutions passed at the meeting is being
uploaded today to the National Storage Mechanism and will shortly
be available for viewing at www.morningstar.com.
The proxy figures for the resolutions will also be displayed on
the Company website at www.cathay-intl.com.hk
- ENDS -
For further enquiries, please contact:
Cathay International Holdings
Limited Tel: +852 2828 9289
Eric Siu (Finance Director)
Patrick Sung (Director and
Controller)
Consilium Strategic Communications
Mary-Jane Elliott / Matthew Tel: +44 (0) 203
Neal / Lindsey Neville 709 5702
About Cathay
Cathay International Holdings Limited (LSE: CTI.L) is a main
market listed investment holding company and an operator and
investor in the growing healthcare sector in the People's Republic
of China (the "PRC"). The Company and its subsidiaries
(collectively the "Group") aim to leverage on growth opportunities
in the strong and growing domestic demand for high quality
healthcare products in the PRC and build its portfolio companies
into market sector leaders with competitive edge. Cathay has
already demonstrated a strong track record of identifying high-
growth potential investment opportunities in this area including:
Lansen, a leading specialty pharmaceutical company focused on
rheumatology and dermatology in the PRC; Haizi, a company engaged
in the manufacture, marketing and sale of inositol and its
by-product, di-calcium phosphate; Natural Dailyhealth, a company
engaged in production and sales of plant extracts for use as key
active ingredients in healthcare products; and Botai, a company
engaged in collagen products.
The Group employs approximately 2,000 people across the PRC,
including over 30 specialist corporate and business development
staff based at the holding company's offices in Hong Kong and
Shenzhen. Cathay also has a hotel investment. For more information
please visit the Company's website: www.cathay-intl.com.hk.
This information is provided by RNS
The company news service from the London Stock Exchange
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