VinaCapital Vietnam Opp. Fund Ltd Result of AGM (0323K)

TIDMVOF

RNS Number : 0323K

VinaCapital Vietnam Opp. Fund Ltd

10 December 2018

VinaCapital Vietnam Opportunity Fund Limited

(the "Company" or "VOF")

LEI Number: 2138007UD8FBBVAX9469

Results of AGM - 10 December 2018

The Directors of the Company are pleased to announce the results of voting at the annual general meeting of the Company held at 11:00 AM (UK Time) on Monday, 10 December 2018 at the offices of Aztec Group, East Wing, Trafalgar Court, Les Banques, St Peter Port, Guernsey, GY1 3PP (the "AGM").

A summary of the results is provided below.

All resolutions proposed at the AGM were passed, other than the resolution proposed in relation to the approval of the discontinuation of the Company, which was not passed.

Voting was conducted by a show of hands and inclusive of votes received by the Company by way of proxy, either by post, web voting or via CREST, by no later than 11:00 AM (UK Time) on Thursday, 6 December 2018.

The Board intend to investigate further votes cast against any resolution where the total votes cast against a resolution are in excess of 5% of votes cast at the AGM, through consultation with shareholders who voted against, and will consider feedback accordingly.

Total votes of 83,226,394 were cast at the AGM, representing 44.64% of the total issued share capital of the Company as at 10 December 2018 (immediately prior to convening the AGM).

The text of the resolutions is paraphrased, the full text of each resolution is available in the notice and agenda of the AGM.

 
 #     Resolution                          Type                 Votes For   Votes Against   Votes Withheld 
       To adopt the annual report 
        and financial statements 
        of the Company for the             Ordinary 
 1.     year ended 30 June 2018.            Resolution             99.99%           0.00%            0.01% 
       To adopt the Director's             Ordinary 
 2.     Remuneration Report.                Resolution             99.97%           0.01%            0.01% 
       To re-elect PricewaterhouseCooper 
        CI LLP as Auditor of the 
        Company until conclusion 
        of the next annual general         Ordinary 
 3.     meeting.                            Resolution             99.97%           0.02%            0.01% 
       To authorise the Board 
        of Directors to determine          Ordinary 
 4.     the Auditor's remuneration.         Resolution             99.99%           0.00%            0.01% 
       To re-elect Steven Bates 
        following his retirement           Ordinary 
 5.     as a Director of the Company.       Resolution             91.37%           8.62%            0.01% 
       To re-elect Thuy Dam following 
        her retirement as a Director       Ordinary 
 6.     of the Company.                     Resolution             99.98%           0.01%            0.01% 
       To re-elect Huw Evans 
        following his retirement           Ordinary 
 7.     as a Director of the Company.       Resolution             99.98%           0.01%            0.01% 
       To re-elect Julian Healy 
        following his appointment          Ordinary 
 8.     as a Director of the Company.       Resolution             99.98%           0.01%            0.02% 
       To receive and approve 
        the Company's dividend 
        policy as contained within 
        its annual report and 
        financial statements of 
        the Company for the year           Ordinary 
 9.     ended 30 June 2018.                 Resolution             99.99%           0.00%            0.01% 
       That the Company be authorised 
        in accordance with section 
        315 of the Companies Law 
        to make market acquisitions        Ordinary 
 10.    of its ordinary shares.             Resolution             99.99%           0.00%            0.01% 
       That the directors be 
        authorised to issued ordinary 
        shares up to a maximum 
        of 10% of the issued ordinary      Ordinary 
 11.    share capital of the Company.       Resolution             99.96%           0.03%            0.01% 
       That the pre-emption rights 
        granted to shareholders 
        shall not apply in respect 
        of the issue of up to 
        10% of the issued ordinary         Extraordinary 
 12.    share capital of the Company.       Resolution             99.94%           0.05%            0.01% 
       That the aggregate amount 
        of fees that may be payable 
        to the Directors collectively 
        shall not exceed USD 650,000       Ordinary 
 13.    in any financial year.              Resolution             99.81%           0.18%            0.01% 
       That the Company ceases 
        to continue as currently 
 14.    constituted.                       Special Resolution       1.09%          98.85%            0.06% 
 

A copy of this announcement will be available on the Company's website and, in accordance with Listing Rule 9.6.2, the full text of the special resolutions passed at the AGM has been submitted to the National Storage Mechanism and will be available at http://www.morningstar.co.uk/uk/NSM

Retirement of Director

Following conclusion of the annual general meeting, Martin Adams has retired as a director of the Company, effective 10 December 2018, having not stood for re-election in accordance with the articles of incorporation of the Company.

Further information is available on the Company's website at: https://vof.vinacapital.com/

Enquiries:

 
 Michael Truong / Joel Weiden 
----------------------------------------------------------- 
 Investment Manager - Investor Relations and Communications 
  VinaCapital Investment Management Limited 
 T: [phone] 
 E: [e-mail] 
  E: [e-mail] 
 
 David Benda / Hugh Jonathan 
----------------------------------------------------------- 
 Broker 
  Numis Securities Limited 
 T: [phone] 
 E: [e-mail] 
 
 Jacques Colley 
----------------------------------------------------------- 
 Company Secretary / Administrator 
  Aztec Financial Services (Guernsey) Limited 
 T: [phone] 
 E: [e-mail] 
 
 Edward Gascoigne-Pees 
----------------------------------------------------------- 
 Public Relations (London) 
  Camarco 
 T: [phone] 
 E: [e-mail] 
 
 David Harris 
----------------------------------------------------------- 
 Marketing and Distribution (London) 
  Frostrow Capital LLP 
 T: [phone] 
 E: [e-mail] 
 

1. References to VOF or the Company in this announcement shall mean VinaCapital Vietnam Opportunity Fund Limited, a non-cellular company incorporated in the Bailiwick of Guernsey under The Companies (Guernsey) Law, 2008, with registered number 61765. It is authorised by the Guernsey Financial Services Commission (reference number 2268242) as a registered closed-ended investment scheme under The Protection of Investors (Bailiwick of Guernsey) Law, 1987 and in compliance with the Registered Collective Investment Scheme Rules, as amended.

2. The registered office address of the Company is East Wing, Trafalgar Court, Les Banques, St Peter Port, Guernsey, Channel Islands, GY1 3PP.

3. This announcement may contain inside information as stipulated under the Market Abuse Regulations (EU) NO. 596/2014 (MAR).

4. The total voting rights of the Company immediately prior to convening the AGM were 186,453,542.

5. Pursuant the Companies (Guernsey) Law, 2008, resolutions of the members are passed on a show of hands if passed by members who vote in person and by persons who vote as duly appointed proxies of members entitled to vote. Accordingly, this means that resolutions are passed by the requisite majority of votes cast at the AGM, not as a majority of the total voting rights.

6. A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "for" and "against" a particular resolution.

7. Ordinary resolutions are passed if more than 50% of votes are cast in favour of the resolution.

8. Special resolutions are passed if more than 75% of votes are cast in favour of the resolution.

9. Pursuant to the articles of the Company, an Extraordinary resolution is passed if more than 75% of votes are cast in favour of the resolution.

   10.   Total percentages voted may not add to 100% in all cases due to roundings. 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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December 10, 2018 12:46 ET (17:46 GMT)