Result of AGM

RNS Number : 1447R

Vietnam Enterprise Investments Ltd

07 December 2016

 

COMPANY ANNOUNCEMENT

For Immediate Release                                                                            7 December 2016

Vietnam Enterprise Investments Limited

Result of Annual General Meeting - 7 December 2016

The Board of Directors of Vietnam Enterprise Investments Limited (the "Company") announces that at the Annual General Meeting of the Company held on 7 December 2016 the resolutions numbered 1 to 9 in the notice of meeting for the Annual General Meeting were all passed by the required majority on a poll vote.

The votes made in relation to the resolutions proposed at the Annual General Meeting were as follows:

Ordinary Resolutions	For	%	Against	%	Total proxy votes cast	Abstentions
1.   To receive and adopt the audited financial statements for the year ended 31 December 2015 together with the auditor's and Directors' reports thereon.	101,572,637	99.95	51,514	0.05	101,624,151	0
2.   To re-appoint KPMG Ltd of Vietnam as auditor of the Company for the ensuing year at a fee to be agreed by the Directors.	101,572,637	99.95	51,514	0.05	101,624,151	0
3.   To elect Marc Faber as a Director of the Company.	101,231,861	99.61	392,290	0.39	101,624,151	0
4.   To elect Stanley Yu-Chung Chou as a Director of the Company.	100,199,151	98.60	1,425,000	1.40	101,624,151	0
5.   To re-elect Wolfgang Bertelsmeier as a Director of the Company.	101,624,151	100.00	0	0.00	101,624,151	0
6.   To re-elect Derek Loh as a Director of the Company.	101,624,151	100.00	0	0.00	101,624,151	0
7.   To re-elect Gordon William Lawson as a Director of the Company.	101,624,151	100.00	0	0.00	101,624,151	0
8.   To re-elect Dominic Scriven as a Director of the Company.	101,624,151	100.00	0	0.00	101,624,151	0

Special Resolutions	For	%	Against	%	Total proxy votes cast	Abstentions
9.     That, as a special resolution the Company generally and unconditionally authorised to make market purchases of its ordinary shares of US$0.01 each provided that: (i)      the maximum aggregate number of ordinary shares that may be purchased is 14.99% of issued share capital; (ii)     the minimum price which may be paid for each ordinary share is US$0.01; (iii)    the maximum price (excluding expenses) which may be paid for each ordinary share is the higher of: (a)  105 per cent of the average market value of an ordinary share in the Company for the five business days prior to the day the purchase is made; and (b)  the higher of the price of the last independent trade and the highest current independent bid as stipulated by Regulatory Technical Standards adopted by the European Commission pursuant to Article 5 (6) of the Market Abuse Regulation; and (iv) the authority conferred by this resolution shall expire on 31 December 2017 or, if earlier, at the conclusion of the Company's next annual general meeting save that the Company may, before the expiry of the authority granted by this resolution, enter into a contract to purchase ordinary shares which will or may be executed wholly or partly after the expiry of such authority.	101,624,151	100.00	0	0.00	101,624,151	0

Enquiries:

Vietnam Enterprise Investments Ltd                       Rachel Hill

                                                                            [e-mail]             

                                                                            [phone]

Jefferies International Limited                                 Stuart Klein

                                                                             [e-mail]  
                                                                            [phone]

Smithfield                                                              Ged Brumby     
                                                                             [e-mail]   
                                                                            [phone]

 

END

 

 

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