30 May 2025
ASEANA PROPERTIES LIMITED
("Aseana" or the "Company")
Result of General Meeting with a discontinuation resolution and
Result of Annual General Meeting
Aseana (LSE: ASPL), a property developer in Malaysia listed on the main market of the London Stock Exchange, announces the results of the general meeting (the "General Meeting") with a discontinuation resolution and its annual general meeting (the "Annual General Meeting"), both held earlier today.
General Meeting with a discontinuation resolution
The Company is pleased to announce that at the General Meeting held earlier today, shareholders have supported the Board of Aseana's recommendations to: (i) vote against the ordinary resolution that the Company shall cease to continue as presently constituted; and (ii) to vote in favour of the special resolution to amend the Company's articles of association.
As a result, the Company will hold another discontinuation vote in May 2027 and in the meantime will continue to operate in accordance with the strategy set out in the notice of General Meeting dated 14 May 2025.
The voting received from shareholders was as follows:
|
For / Discretion votes |
% |
Against votes |
% |
Total votes cast |
Abstained votes |
|
|
1. That the Company shall cease to continue as presently constituted |
42,101,205 |
20.53% |
162,922,171 |
79.47% |
205,023,376 |
0 |
|
2. Conditional on the failure of Resolution 1, to amend the Company's Articles |
174,923,784 |
85.32% |
30,099,592 |
14.68% |
205,023,376 |
0 |
Percentage of votes cast excludes abstained votes.
Annual General Meeting
The Company is pleased to announce that all resolutions were passed at the Annual General Meeting held earlier today and following the General Meeting.
The voting received from shareholders was as follows:
The voting was as follows:
|
For / Discretion votes |
% |
Against votes |
% |
Total votes cast |
Abstained votes |
|
|
1. Approval of Company's Annual Audited Financial Statements |
219,516,748 |
100% |
0 |
0% |
219,516,748 |
0 |
|
2. Elect Dato' Dr Thong Kok Cheong |
162,922,171 |
74.22% |
56,594,577 |
25.78% |
219,516,748 |
0 |
|
3. Elect Lim Tian Huat |
162,922,171 |
74.22% |
56,594,577 |
25.78% |
219,516,748 |
0 |
|
4. Elect Leong Kheng Cheong |
162,922,171 |
74.22% |
56,594,577 |
25.78% |
219,516,748 |
0 |
|
5. Re-appoint PKF Littlejohn LLP as Auditor |
219,516,748 |
100% |
0 |
0.00% |
219,516,748 |
0 |
|
6. Authorise the Directors to determine the Auditor's remuneration |
219,516,748 |
100% |
0 |
0.00% |
219,516,748 |
0 |
|
7. Authorise the Directors to issue and allot new Ordinary Shares |
162,922,171 |
74.22% |
56,594,577 |
25.78% |
219,516,748 |
0 |
Percentage of votes cast excludes abstained votes.
The resolutions can be obtained on the Company's website at https://aseanapropertieslimited.com/ and have been submitted to the National Storage Mechanism to be made available for public inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Enquiries:
|
Aseana Properties Limited |
|
|
Leong Kheng Cheong Lim Tian Huat Thong Kok Cheong |
|
|
Allenby Capital Limited (Financial Adviser) |
+44 (0) 20 3328 5656 |
|
Nick Naylor / Nick Athanas / Ashur Joseph |