6th Nov 2012 08:30
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:
Ordinary Resolutions | Number of Votes (%) | ||
For | Against | ||
1 | 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 2012
| 797,161,118 (99.83%) | 1,359,422 (0.17%) |
2 | To declare a final dividend of RMB0.13 per ordinary share for the year ended 30 June 2012
| 798,520,540 (100%) | 0 (0%) |
3a | To re-elect Mr. Cheung Wai Sun as Executive Director of the Company
| 783,616,540 (98.13%) | 14,904,000 (1.87%) |
3b | To re-elect Mr. Pang Yi as Executive Director of the Company
| 777,570,540 (97.38%)
| 20,950,000 (2.62%) |
3c | To re-elect Mr. Ip Chi Ming as Non-executive Director of the Company
| 309,465,411 (38.75%) | 489,055,129 (61.25%) |
3d | To re-elect Dr. Lui Ming Wah, SBS, JP as Independent Non-executive Director of the Company
| 796,115,118 (99.70%) | 2,405,422 (0.30%) |
4 | To re-appoint Baker Tilly Hong Kong Limited 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
| 797,596,540 (99.88%) | 924,000 (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.
| |||
Special Resolutions | Number of Votes (%) | ||
For | Against | ||
5 | To grant an unconditional mandate to the Directors to allot new ordinary shares of the Company
| 726,930,212 (91.03%) | 71,590,328 (8.97%) |
6 | To extend the ordinary shares issue mandate granted to the Directors
| 718,079,988 (89.93%)
| 80,440,552 (10.07%) |
7 | To grant an unconditional mandate to the Directors to repurchase shares of the Company
| 798,067,887 (99.94%) | 452,653 (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
|
+852 2559 0323
|
Seymour Pierce Limited (NOMAD and Joint Broker) Jonathan Wright, Tom Sheldon |
+44 (0) 20 7107 8000 |
Richard Redmayne, Jacqui Briscoe (Broking) | |
Liberum Capital Limited (Joint Broker) Clayton Bush, Richard Bootle |
+44 (0) 20 3100 2222 |
Weber Shandwick Financial Nick Oborne, Stephanie Badjonat, John Moriarty |
+44 (0) 20 7067 0700 |
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