RCG Holdings Limited Result of AGM (6391G)
July 02 2012 - 08:00AM
UK Regulatory
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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