Result of AGM

RNS Number : 3611Q

Vietnam Enterprise Investments Ltd

18 June 2020

 

COMPANY ANNOUNCEMENT

For Immediate Release      

18 June 2020

Vietnam Enterprise Investments Limited

(the "Company")

Re:  Result of Annual General Meeting - 18 June 2020

The Board of Directors of the Company (the "Board") announces that at the Annual General Meeting of the Company held on 18 June 2020 (the "2020 AGM"), the resolutions numbered 1 to 9 in the notice of meeting for the 2020 AGM were passed by the required majority on a poll vote and the resolution numbered 10 was not passed.

The votes made in relation to the resolutions proposed at the 2020 AGM 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 2019 together with the auditor's and Directors' reports thereon.	155,566,562	100.00	0	0.00	155,566,562	0
2.  To re-appoint KPMG Ltd of Vietnam as auditor of the Company and to authorise the Board to fix their remuneration.	155,091,024	99.69	475,537	0.31	155,566,561	0
3.  To re-elect Stanley Chou as a Director of the Company.	155,566,562	100.00	0	0.00	155,566,562	0
4.  To re-elect Gordon Lawson as a Director of the Company.	155,566,562	100.00	0	0.00	155,566,562	0
5.  To re-elect Derek Loh as a Director of the Company.	152,646,230	98.12	2,920,331	1.88	155,566,561	0
6.  To re-elect Vi Peterson as a Director of the Company.	155,566,562	100.00	0	0.00	155,566,562	0
7.  To re-elect Entela Benz-Saliasi as a Director of the Company.	155,566,562	100.00	0	0.00	155,566,562	0
8.  To re-elect Dominic Scriven as a Director of the Company.	140,663,084	99.98	21,360	0.02	140,684,444	14,882,117

Special Resolution	For	%	Against	%	Total proxy votes cast	Abstentions
9.  To authorise the Company generally and unconditionally 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 per cent. of issued share capital (excluding shares held in treasury as at the date of this Notice (32,657,947 shares)); (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 2021 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.	155,506,161	99.96	60,400	0.04	155,566,561	0
10.  To wind up the Company effective 31 December 2022.	721,277	0.46	154,645,285	99.54	155,366,562	200,000

For further information, please contact:

Vietnam Enterprise Investments Limited

Rachel Hill

[phone]

[phone]

[e-mail]    

Jefferies International Limited

Stuart Klein 

[phone]

[e-mail] 

Smithfield

Edward Brown

[phone]

[e-mail]

The Company's LEI code is 213800SYT3T4AGEVW864

 

END

 

 

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