Result of AGM

RNS Number : 1631Q

Vietnam Enterprise Investments Ltd

04 June 2018

 

COMPANY ANNOUNCEMENT

For Immediate Release                                                                                         4 June 2018

Vietnam Enterprise Investments Limited

Result of Annual General Meeting - 4 June 2018

The Board of Directors of Vietnam Enterprise Investments Limited (the "Company") announces that at the Annual General Meeting of the Company held on 4 June 2018, 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 2017 together with the auditor's and Directors' reports thereon.	148,380,046	97.59	3,656,805	2.41	152,036,851	0
2.   To re-appoint KPMG Ltd of Vietnam as auditor of the Company and to authorise the Board to fix their remuneration.	151,867,400	99.89	169,451	0.11	152,036,851	0
3.   To re-elect Wolfgang Bertelsmeier as a Director of the Company.	148,380,046	97.59	3,656,805	2.41	152,036,851	0
4. To re-elect Gordon Lawson as a Director of the Company.	152,036,852	100.00	0	0.00	152,036,852	0
5.   To re-elect Derek Loh as a Director of the Company.	150,612,652	99.66	509,133	0.34	151,121,785	915,066
6.   To re-elect Stanley Yu‐Chung Chou as a Director of the Company.	152,036,852	100.00	0	0.00	152,036,852	0
7.  To elect Vi Le Peterson as a Director of the Company.	152,036,852	100.00	0	0.00	152,036,852	0
8. To re-elect Dominic Scriven as a Director of the Company.	149,378,443	98.25	2,658,408	1.75	152,036,851	0

Special Resolutions	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% of issued share capital as at the date of this resolution (32,996,839 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 2019 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.	152,008,242	99.98	28,610	0.02	152,036,852	0

Enquiries:

Vietnam Enterprise Investments Limited               

Rachel Hill

[e-mail]

[phone] / [phone]

Jefferies International Limited                               

Stuart Klein

[e-mail]                                                                                                     

[phone]

Smithfield                                             

Edward Brown                                                                                                      

[e-mail]   

[phone]

VEIL’s LEI code is 213800SYT3T4AGEVW864

 

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