VinaLand Limited Results of the 2016 AGM and EGM (6138P)
November 18 2016 - 10:00AM
UK Regulatory
TIDMVNL
RNS Number : 6138P
VinaLand Limited
18 November 2016
18 November 2016
VinaLand Limited
Results of the 2016 Annual General Meeting (AGM) and
Extraordinary General Meeting (EGM)
VinaLand Limited ('the Company' or 'VNL'), announces today that
shareholders have supported all the recommendations of the Board
regarding all four resolutions which were put to a vote at the
Company's AGM.
While at the EGM, shareholders supported recommendations of the
Board regarding Resolutions 1, 2 and 3, the Board recommendation
for Special Resolution 4 was not supported and as such Special
Resolution 5 was not put to a vote at the Company's EGM held today
in Zurich, Switzerland.
All resolutions were decided on a show of hands and the table
below provides the detailed proxy voting
results for each separate resolution.
AGM RESOLUTIONS For %* Against %* Vote
withheld
------------------------- ------------ ---- ---------- --- -----------
All of the Resolutions are ordinary resolutions
---------------------------------------------------------------------------
1. To receive and
adopt the financial
statements for
the year ended
30 June 2016, with
the reports of
the directors and
auditors thereon. 255,556,598 99% 2,447,000 1% 635,000
------------------------- ------------ ---- ---------- --- -----------
2. To re-appoint
Mr Michel Casselman
as a Director of
the Company. 256,057,466 99% 2,571,132 1% 10,000
------------------------- ------------ ---- ---------- --- -----------
3. To re-appoint
Mr Ian Lydall as
a Director of the
Company. 256,057,466 99% 2,571,132 1% 10,000
------------------------- ------------ ---- ---------- --- -----------
4. To re-appoint
PricewaterhouseCoopers
(Hong Kong) as
independent auditor
to the Company
and to authorise
the Directors to
determine their
remuneration. 256,181,598 99% 2,447,000 1% 10,000
------------------------- ------------ ---- ---------- --- -----------
EGM RESOLUTIONS For % Against % Vote
withheld
--------------------------- --------------- ---- --------------- ---- ----------
1. Special Resolution
that the Company
continue as currently
constituted. 4,682,882 2% 250,847,455 98% 10,000
--------------------------- --------------- ---- --------------- ---- ----------
2. Ordinary Resolution
to adopt the revised
investing policy
and continuation
policy, and adopt
the reinstated
Investment Management
Agreement. 223,201,399 87% 32,328,938 13% 10,000
--------------------------- --------------- ---- --------------- ---- ----------
3. Ordinary Resolution
adopt the revised
distribution policy. 142,733,464 56% 112,796,873 44% 10,000
--------------------------- --------------- ---- --------------- ---- ----------
4. Special Resolution
that the Articles
be and are hereby
amended in order
to facilitate the
orderly realisation
of the Company's
property portfolio,
and (b) to provide
an alternative
mechanism for returning
the net realisation
proceeds to Shareholders
by redesignating
the issued Ordinary
Shares into redeemable
ordinary shares
and allowing the
Company to perform
compulsory redemptions
of Ordinary Shares. 142,733,464 56% 112,796,873 44% 10,000
--------------------------- --------------- ---- --------------- ---- ----------
5. Special Resolution Note - Not voted - -
to redesignate voted as Resolution
the existing Ordinary as Resolution 4 was
Shares of the Company 4 was not passed
into redeemable not
shares. passed
--------------------------- --------------- ---- --------------- ---- ----------
More information on the Company is available at
www.vnl-fund.com
Enquiries:
Jonathan Viet Luu
VinaCapital Investment Management Limited
Investor Relations
+84 8 3821 9930
jonathan.luu@vinacapital.com
Joel Weiden
VinaCapital Investment Management Limited
Communications
+84 8 3821 9930
joel.weiden@vinacapital.com
Philip Secrett
Grant Thornton UK LLP, Nominated Adviser
+44 (0)20 7383 5100
philip.j.secrett@uk.gt.com
David Benda / Hugh Jonathan
Numis Securities Limited, Broker
+44 (0)20 7260 1000
funds@numis.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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