Asian Citrus Holdings Ltd Result of AGM (4138Q)

TIDMACHL

RNS Number : 4138Q

Asian Citrus Holdings Ltd

06 November 2012

ASIAN CITRUS HOLDINGS LIMITED

ANNUAL GENERAL MEETING HELD ON 6 NOVEMBER 2012

POLL RESULTS

AND

RETIREMENT OF AN NON-EXECUTIVE DIRECTOR

At the Annual General Meeting of Asian Citrus Holdings Limited (the "Company") held on 6 November 2012(the "AGM"), a poll was demanded by the Chairman of the AGM for voting on all proposed resolutions. The Company is pleased to announce the results of the poll as follows:

 
                                                                Number of Votes 
                                                                       (%) 
                  Ordinary Resolutions                       For            Against 
                                                        --------------  ---------------- 
        To receive and consider the audited financial 
         statements and the reports of the directors 
         of the Company (the "Directors") and of 
         the auditors for the year ended 30 June 
 1       2012                                            797,161,118       1,359,422 
                                                           (99.83%)          (0.17%) 
 -----------------------------------------------------  --------------  ---------------- 
 2      To declare a final dividend of RMB0.13             798,520,540               0 
         per ordinary share for the year ended 
         30 June 2012 
                                                             (100%)                 (0%) 
 -----------------------------------------------------  --------------  ---------------- 
3a      To re-elect Mr. Cheung Wai Sun as Executive      783,616,540       14,904,000 
         Director of the Company 
                                                           (98.13%)          (1.87%) 
 -----------------------------------------------------  --------------  ---------------- 
3b      To re-elect Mr. Pang Yi as Executive Director    777,570,540       20,950,000 
         of the Company 
                                                           (97.38%)          (2.62%) 
 -----------------------------------------------------  --------------  ---------------- 
3c      To re-elect Mr. Ip Chi Ming as Non-executive     309,465,411      489,055,129 
         Director of the Company 
                                                           (38.75%)         (61.25%) 
 -----------------------------------------------------  --------------  ---------------- 
3d      To re-elect Dr. Lui Ming Wah, SBS, JP            796,115,118       2,405,422 
         as Independent Non-executive Director 
         of the Company 
                                                           (99.70%)          (0.30%) 
 -----------------------------------------------------  --------------  ---------------- 
 4      To re-appoint Baker Tilly Hong Kong Limited      797,596,540        924,000 
         as auditors of the Company, to hold office 
         from the conclusion of the Meeting to 
         the next annual general meeting, during 
         which accounts will be laid before the 
         Company, and to authorise the directors 
         to fix its remuneration 
                                                           (99.88%)          (0.12%) 
 -----------------------------------------------------  --------------  ---------------- 
    Except for resolution 3(c) above, the resolutions proposed 
     were duly passed as ordinary resolutions as more than 50% 
     of the votes were cast in favour of such resolutions. 
 
     As less than 50% of the votes were cast in favour of the 
     resolution 3(c), such resolution in relation to the re-election 
     of Mr. Ip Chi Ming as Non-executive Director of the Company 
     did not carry. 
 
 
                                                         Number of Votes 
                                                               (%) 
                 Special Resolutions                     For       Against 
                                                     -----------  ---------- 
       To grant an unconditional mandate to the 
        Directors to allot new ordinary shares 
5       of the Company                               726,930,212  71,590,328 
                                                       (91.03%)     (8.97%) 
 --------------------------------------------------  -----------  ---------- 
6      To extend the ordinary shares issue mandate   718,079,988  80,440,552 
        granted to the Directors 
                                                       (89.93%)    (10.07%) 
 --------------------------------------------------  -----------  ---------- 
7      To grant an unconditional mandate to the      798,067,887   452,653 
        Directors to repurchase shares of the 
        Company 
                                                       (99.94%)     (0.06%) 
 --------------------------------------------------  -----------  ---------- 
 
     As more than 75% of the votes were cast in favour of each 
     of the above resolutions, all the resolutions were duly passed 
     as special resolutions. 
 

Notes:

1. The total number of shares of the Company entitling the holders to attend and vote for or against the resolutions at the AGM was 1,219,471,182 shares.

2. No shareholders of the Company were subject to any restrictions in exercising their votes on any of the proposed resolutions at the AGM.

3. Computershare Hong Kong Investor Services Limited, the branch share registrar and transfer office of the Company in Hong Kong, was appointed to act as the scrutineer for the vote-taking at the AGM.

RETIREMENT OF AN NON-EXECUTIVE DIRECTOR

As resolution 3(c) in connection with the re-election of Mr. Ip Chi Ming as Non-executive Director of the Company did not carry, he has retired from the Non-executive Director of the Company with immediate effect.

The Board would like to express its gratitude to Mr. Ip for his contribution to the Company over the years.

 
     BY ORDER OF THE BOARD 
  Asian Citrus Holdings Limited 
         Tong Wang Chow 
       Executive Director 
 

Hong Kong, 6 November 2012

As at the date of this announcement, the board of directors of the Company comprises five executive directors, namely Mr. Tong Wang Chow, Mr. Tong Hung Wai, Tommy, Mr. Cheung Wai Sun, Mr. Pang Yi and Mr. Sung Chi Keung; one non-executive director, namely the Hon Peregrine Moncreiffeand four independent non-executive directors, namely Mr. Ma Chiu Cheung, Andrew, Mr. Nicholas Smith, Mr. Yang Zhenhan and Dr. Lui Ming Wah, SBS JP.

*For identification purposes only

For further enquiries please contact

 
 Asian Citrus 
  Eric Sung, Finance Director                  [phone] 
 Seymour Pierce Limited (NOMAD and 
  Joint Broker) 
  Jonathan Wright, Tom Sheldon                 [phone] 
 Richard Redmayne, Jacqui Briscoe 
  (Broking) 
 
   Liberum Capital Limited (Joint Broker) 
   Clayton Bush, Richard Bootle                [phone] 
 
 Weber Shandwick Financial 
  Nick Oborne, Stephanie Badjonat, 
  John Moriarty                                [phone] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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