Business
Result of AGM
Result of AGM.
About this update from Aseana Properties Limited
[{"type":"text","content":"\n\n30 July 2024\nAseana Properties Limited\n(\"ASEANA\" or the \"Company\")\nResults of Annual General Meeting\n \nAseana Properties Limited (LSE: ASPL), a property developer in Malaysia, listed on the Main Market of the London Stock Exchange, announces the results of its Annual General Meeting held today, 30 July 2024.\nAnnual General Meeting\nThe votes received in respect of the resolutions proposed at the Annual General Meeting represented a total of 90.9 per cent. of the 159,853,498 ordinary shares in issue as at the date of the meeting (each ordinary share carries one vote), which excludes 13,334,000 ordinary shares in treasury. \nResolutions 1 and 4 to 7 were passed with the requisite majority. Resolution 8 to hold treasury shares was not passed.\nResolutions 2 and 3 to re-elect Helen Wong and Tom Holland, did not pass. Consequently, Helen Wong and Tom Holland will not be re-appointed as Directors and their duties as Directors cease with immediate effect. \nSubsequent to the Annual General Meeting the Board resolved to retain Helen Wong in a consultancy role to the Company until at least 30 September 2024 to continue with the ongoing asset divestment activities on the same financial terms as her previous role as Divestment Director. Meanwhile the remaining Directors will work to create robust plans to manage the Company operations and continue the disposal of our assets and on a plan to transition to those plans. \nThe voting was as follows: \n\n\n\n\nResolution\n\n\nFor / Discretion votes\n\n\n%\n\n\nAgainst votes\n\n\n%\n\n\nTotal votes cast less abstained\n\n\n\n\n1. To receive and consider the Audited Financial Statements, together with the Reports of the Directors and the Auditor for the financial year ended 31 December 2023\n\n\n133,372,410\n \n \n \n \n \n\n\n100%\n \n \n \n \n \n\n\n0\n \n \n \n \n \n\n\n0\n \n \n \n \n \n\n\n133,372,410\n \n \n \n \n \n\n\n\n\n2. To re-elect Helen Siu Ming Wong, who retires by rotation, as a Director\n\n\n51,253,535\n\n\n35.27%\n\n\n94,078,483\n\n\n64.73%\n\n\n145,332,018\n\n\n\n\n3. To re-elect Thomas Holland, who retir...