Detailed results of AGM

RNS Number : 4464U

VinaCapital Vietnam Opp. Fund Ld

02 December 2013

 

2 December 2013

VinaCapital Vietnam Opportunity Fund Limited

Detailed results of the Annual General Meeting

As previously announced on 29 November 2013, shareholders of VinaCapital Vietnam Opportunity Fund Limited ("the Company" or "VOF") have supported the unanimous recommendations by members of the Board regarding all ten resolutions which were put to a vote at the Company's Annual General Meeting (AGM) held on Thursday 28 November 2013 in Zurich, Switzerland. The table below provides the detailed voting results for each separate resolution.

RESOLUTIONS	For	%*	Against	%*	Vote withheld
With Resolutions 1 to 8 being ordinary resolutions and Resolutions 9 and 10 being special resolutions.
1.     To receive and adopt the Financial Statements for the year ended 30 June 2013, with the Reports of the Directors and Auditors thereon.	59,200,584	99.99	8,800	0.01	16,002,500
2.     To re-elect Mr Steven Bates as a Director of the Company.	74,525,584	99.97	21,800	0.03	664,500
3.     To re-elect Mr Martin Adams as a Director of the Company.	74,525,584	99.97	21,800	0.03	664,500
4.     To re-elect Mr Martin Glynn as a Director of the Company.	74,525,584	99.97	21,800	0.03	664,500
5.     To re-elect Mr Michael Gray as a Director of the Company.	68,166,584	99.97	21,800	0.03	7,023,500
6.     To re-elect Mr Don Lam as a Director of the Company.	61,380,085	94.66	3,464,863	5.34	10,366,936
7.     To re-appoint PricewaterhouseCoopers (Hong Kong) as independent auditor to the Company and to authorise the Directors to determine their remuneration.	74,541,584	99.99	5,800	0.01	664,500
8.     THAT the aggregate cap on the total remuneration paid to the Directors as a group in respect of any 12-month period (as referenced in Article 125 of the Company's Articles of Association) be and is hereby increased to USD500,000.	54,768,253	73.47	19,779,131	26.53	664,500
9.     THAT Article 57 of the Company's Articles of Association be and is hereby amended by the deletion of the words "twenty five per cent." and their replacement with the words "ten per cent."	74,489,184	99.92	57,800	0.08	664,900
10.  THAT the Articles of Association of the Company be amended by deleting and substituting Article 151 in its entirety	52,638,881	77.39	15,382,800	22.61	7,190,203

* Percentage of votes cast excludes Withheld votes.

Notes to Editors:

VinaCapital is a leading investment management and real estate development firm in Vietnam, with a diversified portfolio of USD1.5 billion in assets under management. VinaCapital was founded in 2003 and boasts a team of investment professionals who bring extensive international finance and investment experience to the firm. Our mission is to produce superior returns for investors by using our experience and knowledge to identify the key trends and opportunities that emerge as Vietnam continues to develop its economy. To achieve this, VinaCapital has industry - leading asset class teams covering capital markets, private equity, fixed income, venture capital, real estate and infrastructure.

VinaCapital manages three closed-end funds trading on the AIM Market of the London Stock Exchange. These funds are: VinaCapital Vietnam Opportunity Fund Limited (VOF), VinaLand Limited (VNL), and Vietnam Infrastructure Limited (VNI). VinaCapital also co-manages the DFJ VinaCapital L.P. technology venture capital fund with Draper Fisher Jurvetson.

VinaCapital has offices in Ho Chi Minh City, Hanoi, Danang and Singapore. More information about VinaCapital is available at www.vinacapital.com.

 Enquiries:

David Dropsey

VinaCapital Investment Management Limited

Investor Relations/Communications

[phone]

[e-mail]

Philip Secrett

Grant Thornton UK LLP, Nominated Adviser

[phone]

[e-mail]

Hiroshi Funaki

Edmond de Rothschild Securities, Broker

[phone]

[e-mail]  

David Benda / Hugh Jonathan

Numis Securities Limited, Broker

[phone]

[e-mail]

Andrew Walton

FTI Consulting, Public Relations (London)

[phone]

[e-mail]

 

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