Asian Citrus Holdings Ltd Result of AGM (6855X)
November 21 2014 - 5:20AM
UK Regulatory
TIDMACHL
RNS Number : 6855X
Asian Citrus Holdings Ltd
21 November 2014
Hong Kong Exchanges and Clearing Limited and The Stock Exchange
of Hong Kong Limited take no responsibility for the contents of
this announcement, make no representation as to its accuracy or
completeness and expressly disclaim any liability whatsoever for
any loss howsoever arising from or in reliance upon the whole or
any part of the contents of this announcement.
ASIAN CITRUS HOLDINGS LIMITED
*
(incorporated in Bermuda with limited liability)
(Stock Code: HKSE: 73; AIM: ACHL)
POLL RESULTS OF THE ANNUAL GENERAL MEETING
HELD ON 21 NOVEMBER 2014
The board of directors (the "Board") of Asian Citrus Holdings
Limited (the "Company") announces that a poll was demanded by the
chairman of the annual general meeting of the Company held in Hong
Kong on 21 November 2014 at 10:30 a.m. (the "AGM") for voting on
all of the proposed resolutions (the "Proposed Resolutions") as set
out in the notice of the AGM dated 17 October 2014 (the "AGM
Notice") to the holders of the Company's ordinary shares (the
"Shares" and the "Shareholders", respectively) and the depository
interest holders of the Company.
As at the date of the AGM, there were 1,249,637,884 issued
Shares entitling the holders to attend and vote for or against all
the Proposed Resolutions at the AGM. There were no Shares entitling
the holders to attend and abstain from voting in favour of the
Proposed Resolutions at the AGM as set out in Rule 13.40 of the
Rules Governing the Listing of Securities on The Stock Exchange of
Hong Kong Limited (the "Listing Rules").
There were no Shares requiring the holder to abstain from voting
on the Proposed Resolutions at the AGM under the Listing Rules. No
Shareholders have stated in the Company's circular dated 17 October
2014 their intention to vote against or to abstain from voting on
any of the Proposed Resolutions at the AGM.
Computershare Hong Kong Investor Services Limited, the branch
share registrar of the Company in Hong Kong, was appointed as the
scrutineer for the vote-taking at the AGM.
The poll results in respect of all the Proposed Resolutions at
the AGM are set out as follows:
* For identification purpose only
Number of Votes
(Approximate %)
Note
---- -----------------------------
Ordinary Resolutions For Against
-------------------------------------------- -------------- -------------
To receive and consider the
audited consolidated financial
statements and reports of
the directors and independent
auditor of the Company and
its subsidiaries for the year
1. ended 30 June 2014. 658,226,206 2,240,000
(99.660846%) (0.339154%)
---- -------------------------------------- -------------- -------------
To re-elect Mr. Ng Ong Nee
as an executive director of
2a. the Company ("ED"). 646,514,163 13,952,043
(97.887546%) (2.112454%)
---- -------------------------------------- -------------- -------------
To re-elect Mr. Tong Hung
2b. Wai, Tommy as an ED. 642,010,991 18,455,215
(97.205729%) (2.794271%)
---- -------------------------------------- -------------- -------------
To re-elect Dr. Lui Ming Wah
as an independent non-executive
2c. director of the Company ("INED"). 655,257,135 5,209,071
(99.211304%) (0.788696%)
---- -------------------------------------- -------------- -------------
To re-elect Mr. Chung Koon
2d. Yan as an INED. 658,595,098 1,871,108
(99.716699%) (0.283301%)
---- -------------------------------------- -------------- -------------
To re-elect Mr. Ho Wai Leung
2e. as an INED. 658,595,098 1,871,108
(99.716699%) (0.283301%)
---- -------------------------------------- -------------- -------------
To re-appoint Baker Tilly
Hong Kong Limited as the independent
auditor of the Company, to
hold office from the conclusion
of the Meeting to the next
annual general meeting, during
which accounts will be laid
before the Company, and to
authorise the directors to
3. fix its remuneration. 660,463,206 3,000
(99.999546%) (0.000454%)
---- -------------------------------------- -------------- -------------
To grant an authority to the
directors to implement the
4. scrip dividend scheme. 644,141,599 13,332,547
(97.972156%) (2.027844%)
---- -------------------------------------- -------------- -------------
As more than 50% of the votes were cast in favour
of each of the above Proposed Resolutions, all
of them were duly passed as ordinary resolutions.
---------------------------------------------------------------------------
Number of Votes
(approximate%)
Note
------------------------------
Special Resolutions For Against
--------------------------------- -------------- --------------
To grant an unconditional
mandate to the directors to
allot new ordinary shares
5 of the Company. 459,283,164 201,183,042
(69.539238%) (30.460762%)
----------------------------- -------------- --------------
To extend the issue mandate
6 granted to the directors. 457,692,356 202,773,850
(69.298376%) (30.701624%)
----------------------------- -------------- --------------
To grant an unconditional
mandate to the directors to
7 repurchase Shares. 658,573,098 25,000
(99.996204%) (0.003796%)
----------------------------- -------------- --------------
The full text of the proposed special resolutions
are set out in the AGM Notice.
As less than 75% of the votes were cast in favour
of each of the Proposed Resolutions 5 and 6, such
resolutions in relation to the grant of an unconditional
mandate to the directors to allot new ordinary
shares of the Company and to extend the issue
mandate granted to the directors did not carry.
The Proposed Resolution 7 was duly passed as special
resolution as more than 75% of the votes were
cast in favour of such resolution.
-----------------------------------------------------------------
Note: The number of votes and approximate percentage of voting
Shares are based on the total number of the issued Shares held by
the Shareholders who voted at the AGM in person or by proxy.
By order of the Board
Asian Citrus Holdings Limited
Ng Hoi Yue
Non-executive Chairman
Hong Kong, 21 November 2014
As at the date of this announcement, the Board of the Company
comprises four Executive Directors, namely Mr. Ng Ong Nee (Chief
Executive Officer), Mr. Tong Hung Wai, Tommy (Vice Chairman), Mr.
Cheung Wai Sun and Mr. Pang Yi; and five Independent Non-executive
Directors, namely Mr. Ng Hoi Yue (Non-executive Chairman), Dr. Lui
Ming Wah, SBS JP, Mr. Yang Zhen Han, Mr. Chung Koon Yan and Mr. Ho
WaiLeung.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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