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RCG Holdings Limited Result of AGM

Date : 07/02/2012 @ 8:00AM
Source : UK Regulatory (RNS & others)
Stock : Rcg Holdings (RCG)
Quote : 1.625  0.0 (0.00%) @ 12:00AM
RCG share price Chart

RCG Holdings Limited Result of AGM

TIDMRCG

RNS Number : 6391G

RCG Holdings Limited

02 July 2012

2 July 2012

RCG Holdings Limited

("RCG" or the "Company" and together with its subsidiaries, the "Group")

Results of the Annual General Meeting

The board of directors ("Board") of RCG Holdings Limited (AIM: RCG, HKSE: 802), announces that the Annual General Meeting ("AGM") of the Company was duly held at 3:00 p.m. on 30 June 2012 (Hong Kong time) at Lot 1, Jalan Teknologi 3/5, Taman Sains Selangor 1, Kota Damansara, Petaling Jaya, Selangor, Malaysia. A poll was demanded by the Chairman for voting on all resolutions as set out in the Notice of AGM dated 30 April 2012.

The poll results are as follows:

 
 RESOLUTION                                     Number of Votes (%)        Passed by 
                                                                          Shareholders 
------------------------------------------  --------------------------  -------------- 
                                                 For         Against 
------------------------------------------  ------------  ------------  -------------- 
 ORDINARY RESOLUTION 
-------------------------------------------------------------------------------------- 
     To receive and consider the 
      audited financial statements 
      for the year ended 31 December 
      2011 and the reports of the 
      directors of the Company (the 
      "Directors") and of the auditors     136,246,118   65,881,027 
 1    thereon.                                 (67.41%)      (32.59%)         Yes 
    --------------------------------------  ------------  ------------  -------------- 
     a) To re-elect Mr. Li Jinglong 
      as an executive Director of            136,212,302   65,914,843 
 2    the Company.                             (67.39%)      (32.61%)         Yes 
    --------------------------------------  ------------  ------------  -------------- 
     b) To re-elect Mr. Zhang Ligong 
      of as an executive Director            136,212,302   65,914,843 
      of the Company.                          (67.39%)      (32.61%)         Yes 
    --------------------------------------  ------------  ------------  -------------- 
     c) To re-elect Mr. Raymond Chu 
      Wai Man as a non- executive            52,054,676    150,072,469 
      Director of the Company.                 (25.75%)      (74.25%)         No 
    --------------------------------------  ------------  ------------  -------------- 
     d) To re-elect Mr. Pieter Lambert 
      Diaz Wattimena as an independent 
      non-executive Director of the          135,233,068   66,894,077 
      Company.                                 (66.90%)      (33.10%)         Yes 
    --------------------------------------  ------------  ------------  -------------- 
     To authorise the board of Directors 
      or executive committee of the 
      board of Directors to fix the 
      remuneration of the Directors          134,237,585   67,889,560 
 3    of the Company.                          (66.41%)      (33.59%)         Yes 
    --------------------------------------  ------------  ------------  -------------- 
     To appoint HLB Hodgson Impey 
      Cheng Limited as the auditors 
      of the Company and authorise 
      the board of Directors to fix          136,182,602   65,872,832 
 4    their remuneration.                      (67.40%)      (32.60%)         Yes 
    --------------------------------------  ------------  ------------  -------------- 
     To grant a general mandate to 
      the Directors to allot, issue 
      and deal with new Shares not 
      exceeding 20% of the existing 
      issued share capital of the            132,326,197   69,800,948 
 5    Company.                                 (65.47%)      (34.53%)         Yes 
    --------------------------------------  ------------  ------------  -------------- 
     To extend the general mandate 
      granted to the Directors to 
      allot, issue and deal with new 
      shares by an amount not exceeding 
      the amount of the Shares repurchased   132,326,197   69,800,948 
 6    by the Company.                          (65.47%)      (34.53%)         Yes 
    --------------------------------------  ------------  ------------  -------------- 
 SPECIAL RESOLUTION 
-------------------------------------------------------------------------------------- 
     To grant a general mandate to 
      the Directors to repurchase 
      shares not exceeding 10% of 
      the issued share capital of            136,384,407   65,742,738 
 7    the Company.                             (67.47%)      (32.53%)         Yes 
    --------------------------------------  ------------  ------------  -------------- 
 

Remarks:

   a)      The total number of the shares of the Company in issue at the time of AGM: 493,223,555. 

b) The total number of shares entitling the holder to attend and vote for or against the resolutions at the AGM: 493,223,555.

c) The total number of shares entitling the holder to attend and abstain from voting in favour the resolutions at the AGM: nil.

d) None of the shareholders of the Company have stated their intention in the Company's circular dated 30 April 2012 to vote against any of the resolutions at the AGM.

e) None of the shareholders of the Company is required to abstain from voting on any of the resolutions at the AGM.

f) The Company's auditors, HLB Hodgson Impey Cheng Limited, acted as the scrutineer for the votetaking at the AGM.

Retirement of Director

The resolution no. 2(c) regarding the re-election of Mr. Raymond Chu Wai Man ("Mr. Chu") as a non-executive Director of the Company was not passed at the AGM since there was not a majority of votes cast for such resolution. Accordingly, Mr. Chu retired by rotation as a director of the Company in accordance with the bye-laws of the Company.

The Board is not aware of any disagreement between Mr. Chu and the Board nor any matters relating to the retirement of Mr. Chu that need to be brought to the attention of the shareholders of the Company.

The Board extends its appreciation to Mr. Chu for his past contribution to the Company during his tenure of office.

- Ends -

Enquiries:

 
 RCG Holdings Limited                 Tel: +852 2637 2800 
 Danny Chew, Acting Chief Executive 
  Officer 
 ir@rcg.tv 
 
 
 Smith & Williamson Corporate Finance 
  Limited 
 (Nominated adviser and broker) 
 Dr. Azhic Basirov / David Jones        Tel: +44 (0) 20 7131 4000 
 

About RCG

RCG, a leading global provider of integrated biometrics and RFID security solutions, is publicly quoted and its shares are listed on the Main Board of the Stock Exchange of Hong Kong Limited and admitted to trading on the AIM Market of the London Stock Exchange and the PLUS market. The Company has a growth strategy focusing on long-term projects, solutions and services and development of new applications and revenue streams, particularly in the security applications industry.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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