VinaLand Limited Results of the 2016 AGM and EGM (6138P)

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

[phone]

[e-mail]

Joel Weiden

VinaCapital Investment Management Limited

Communications

[phone]

[e-mail]

Philip Secrett

Grant Thornton UK LLP, Nominated Adviser

[phone]

[e-mail]

David Benda / Hugh Jonathan

Numis Securities Limited, Broker

[phone]

[e-mail]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 18, 2016 11:00 ET (16:00 GMT)