Aseana Properties Limited Result of EGM and Total Voting Rights (3747X)
August 27 2015 - 1:03PM
UK Regulatory
TIDMASPL
RNS Number : 3747X
Aseana Properties Limited
27 August 2015
27 August 2015
Aseana Properties Limited
("Aseana" or the "Company")
Result of EGM and Total Voting Rights
On 7 August 2015, Aseana Properties Limited (LSE: ASPL), a
property developer in Malaysia and Vietnam, listed on the Main
Market of the London Stock Exchange, announced that it had put
forward recommended Proposals regarding the introduction of a
compulsory redemption mechanism to return cash to Shareholders, to
be considered at an Extraordinary General Meeting of the
Company.
The Company announces that at today's EGM, Shareholders have
supported the Board's recommendation to vote in favour of the
special resolutions to approve the Proposals set out in the EGM
Circular.
The voting was as follows:
For / Total
Discretion Against votes Withheld
EGM Resolution: votes % votes % cast votes
----------------- ------------ ---- -------- ------------ ---------
1. Creation
and issue of
Management
Shares 173,450,093 100 0 0 173,450,093 0
----------------- ------------ ---- -------- ------------ ---------
* Total/Percentage of votes cast excludes withheld votes.
Pursuant to the passing of Resolution 1, the memorandum and
articles of association of the Company (the "Memorandum" and
"Interim Articles" respectively) were amended and two Management
Shares of US$0.05 each were issued, one to each of the Manager,
being Ireka Development Management Sdn. Bhd, and Legacy Essence
Limited. The Management Shares have voting rights at general
meetings of the Company on the same basis as Ordinary Shares but
have limited rights on a return of capital and will not be entitled
to dividends declared by the Company.
Following the issuance of the Management Shares, Resolution 2
was passed and the articles further amended (the "New
Articles"):
For / Total
Discretion Against votes Withheld
EGM Resolution: votes % votes % cast votes
----------------- ------------ ---- -------- ------------ ---------
2. Adoption
of Compulsory
Redemption
Mechanism 173,450,093 100 0 0 173,450,093 0
----------------- ------------ ---- -------- ------------ ---------
* Total/Percentage of votes cast excludes withheld votes.
Words and expressions defined in the EGM Circular dated 7 August
2015 have the same meanings when used in this announcement unless
defined herein or the context requires otherwise. The Interim
Articles, Memorandum and Articles of the Company together with a
copy of the resolutions passed at the EGM will shortly be submitted
to the National Storage Mechanism located at:
http://www.morningstar.co.uk/uk/NSM. For the avoidance of doubt,
the current constitutional documents of the Company are the
Memorandum and New Articles dated 27 August 2015.
For the purposes of the Disclosure and Transparency Rules, the
Company's total issued share capital at the date of this notice
comprises 212,025,000 Ordinary Shares of US$0.05 each, with one
voting right per Ordinary Share and 2 Management Shares of US$0.05
each, with one voting right per Management Share. There are no
shares held in treasury. The total number of voting rights in the
Company is therefore 212,025,002.
The above figure of 212,025,002 may be used by shareholders as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to
their interest in, the Company, under the Disclosure and
Transparency Rules.
For further information:
Aseana Properties Limited Tel: 603 6411 6388
Chan Chee Kian Email: cheekian.chan@ireka.com.my
N+1 Singer Tel: 020 7496 3000
James Maxwell / Liz Yong
(Corporate Finance)
Sam Greatrex (Sales)
Tavistock Tel: 020 7920 3150
Jeremy Carey / James Verstringhe Email: jcarey@tavistock.co.uk
Notes to Editors:
London-listed Aseana Properties Limited (LSE: ASPL) is a
property developer investing in Malaysia and Vietnam.
Ireka Development Management Sdn Bhd ("IDM") is the exclusive
Development Manager for Aseana. It is a wholly-owned subsidiary of
Ireka Corporation Berhad, a company listed on the Bursa Malaysia
since 1993, which has over 45 years of experience in construction
and property development. IDM is responsible for the day-to-day
management of Aseana's property portfolio and the introduction and
facilitation of new investment opportunities.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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