Vietnam Enterprise Investments Ltd Result of AGM (1447R)

TIDMVEIL

RNS Number : 1447R

Vietnam Enterprise Investments Ltd

07 December 2016

COMPANY ANNOUNCEMENT

For Immediate Release 7 December 2016

Vietnam Enterprise Investments Limited

Result of Annual General Meeting - 7 December 2016

The Board of Directors of Vietnam Enterprise Investments Limited (the "Company") announces that at the Annual General Meeting of the Company held on 7 December 2016 the resolutions numbered 1 to 9 in the notice of meeting for the Annual General Meeting were all passed by the required majority on a poll vote.

The votes made in relation to the resolutions proposed at the Annual General Meeting were as follows:

 
    Ordinary Resolutions          For         %       Against     %        Total      Abstentions 
                                                                           proxy 
                                                                           votes 
                                                                            cast 
                             ------------  -------  ----------  -----  ------------  ------------ 
 1. To receive and 
  adopt the audited 
  financial statements 
  for the year ended 
  31 December 2015 
  together with the 
  auditor's and Directors' 
  reports thereon.            101,572,637    99.95      51,514   0.05   101,624,151             0 
                             ------------  -------  ----------  -----  ------------  ------------ 
 2. To re-appoint 
  KPMG Ltd of Vietnam 
  as auditor of the 
  Company for the 
  ensuing year at 
  a fee to be agreed 
  by the Directors.           101,572,637    99.95      51,514   0.05   101,624,151             0 
                             ------------  -------  ----------  -----  ------------  ------------ 
 3. To elect Marc 
  Faber as a Director 
  of the Company.             101,231,861    99.61     392,290   0.39   101,624,151             0 
                             ------------  -------  ----------  -----  ------------  ------------ 
 4. To elect Stanley 
  Yu-Chung Chou as 
  a Director of the 
  Company.                    100,199,151    98.60   1,425,000   1.40   101,624,151             0 
                             ------------  -------  ----------  -----  ------------  ------------ 
 5. To re-elect 
  Wolfgang Bertelsmeier 
  as a Director of 
  the Company.                101,624,151   100.00           0   0.00   101,624,151             0 
                             ------------  -------  ----------  -----  ------------  ------------ 
 6. To re-elect 
  Derek Loh as a 
  Director of the 
  Company.                    101,624,151   100.00           0   0.00   101,624,151             0 
                             ------------  -------  ----------  -----  ------------  ------------ 
 7. To re-elect 
  Gordon William 
  Lawson as a Director 
  of the Company.             101,624,151   100.00           0   0.00   101,624,151             0 
                             ------------  -------  ----------  -----  ------------  ------------ 
 8. To re-elect 
  Dominic Scriven 
  as a Director of 
  the Company.                101,624,151   100.00           0   0.00   101,624,151             0 
                             ------------  -------  ----------  -----  ------------  ------------ 
 
 
 
 
 
 
    Special Resolutions           For         %      Against    %        Total      Abstentions 
                                                                         proxy 
                                                                         votes 
                                                                          cast 
---------------------------  ------------  -------  --------  -----  ------------  ------------ 
  9. That, as a special 
   resolution the 
   Company generally 
   and unconditionally 
   authorised to make 
   market purchases 
   of its ordinary 
   shares of US$0.01 
   each provided that: 
   (i) the maximum 
   aggregate number 
   of ordinary shares 
   that may be purchased 
   is 14.99% of issued 
   share capital; 
   (ii) the minimum 
   price which may 
   be paid for each 
   ordinary share 
   is US$0.01; 
   (iii) the maximum 
   price (excluding 
   expenses) which 
   may be paid for 
   each ordinary share 
   is the higher of: 
   (a) 105 per cent 
   of the average 
   market value of 
   an ordinary share 
   in the Company 
   for the five business 
   days prior to the 
   day the purchase 
   is made; and 
   (b) the higher 
   of the price of 
   the last independent 
   trade and the highest 
   current independent 
   bid as stipulated 
   by Regulatory Technical 
   Standards adopted 
   by the European 
   Commission pursuant 
   to Article 5 (6) 
   of the Market Abuse 
   Regulation; and 
   (iv) the authority 
   conferred by this 
   resolution shall 
   expire on 31 December 
   2017 or, if earlier, 
   at the conclusion 
   of the Company's 
   next annual general 
   meeting save that 
   the Company may, 
   before the expiry 
   of the authority 
   granted by this 
   resolution, enter 
   into a contract 
   to purchase ordinary 
   shares which will 
   or may be executed 
   wholly or partly 
   after the expiry 
   of such authority.         101,624,151   100.00         0   0.00   101,624,151             0 
                             ------------  -------  --------  -----  ------------  ------------ 
 

Enquiries:

   Vietnam Enterprise Investments Ltd                       Rachel Hill 

[e-mail]

[phone]

   Jefferies International Limited                                 Stuart Klein 

[e-mail]

[phone]

   Smithfield                                                              Ged Brumby 

[e-mail]

[phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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December 07, 2016 02:00 ET (07:00 GMT)