AGRITRADE RESOURCES LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(Incorporated in Bermuda with limited liability)
(Stock Code: 1131) POLL RESULTS OF THE ANNUAL GENERAL MEETINGReference is made to the notice (the "Notice") of annual general meeting (the "AGM") and the circular (the "Circular") of Agritrade Resources Limited (the "Company") dated 29 July 2016. Terms used herein shall have the same meanings as those defined in the Circular unless otherwise stated.
POLL RESULTS OF THE AGMThe Board is pleased to announce that the resolutions proposed at the AGM of the Company held on 31 August 2016 were duly passed by the Shareholders of the Company as ordinary resolutions by way of poll. The poll results were as follows:
Ordinary Resolutions | Number of votes (%) | ||
For | Against | ||
1. | To receive and adopt the audited financial statements and the reports of the directors and auditors of the Company for the year ended 31 March 2016. | 986,145,212 (100.0000%) | 0 (0.0000%) |
2. | To approve the declaration of a final dividend of HK$0.01 per share for the year ended 31 March 2016. | 987,075,212 (100.0000%) | 0 (0.0000%) |
3. | (A) To re-elect Mr. Ng Xinwei as executive director of the Company. | 987,005,212 (99.9929%) | 70,000 (0.0071%) |
(B) To re-elect Mr. Chong Lee Chang as independent non-executive director of the Company. | 975,925,212 (98.8704%) | 11,150,000 (1.1296%) | |
(C) To re-elect Mr. Siu Kin Wai as independent non-executive director of the Company. | 975,925,212 (98.8704%) | 11,150,000 (1.1296%) | |
(D) To authorise the board of directors of the Company to fix the remuneration of directors. | 987,075,212 (100.0000%) | 0 (0.0000%) | |
4. | To re-appoint BDO Limited as auditors of the Company and to authorise the board of directors of the Company to fix their remuneration. | 987,005,212 (99.9929%) | 70,000 (0.0071%) |
5A. | To grant a general mandate to the directors of the Company to allot, issue or otherwise deal with additional Shares. | 975,923,212 (98.8702%) | 11,152,000 (1.1298%) |
5B. | To grant a general mandate to the directors of the Company to repurchase Shares. | 987,073,212 (99.9998%) | 2,000 (0.0002%) |
5C. | To extend the general mandate granted under resolution 5A by including nominal amount of the Shares repurchased by the Company pursuant to resolution 5B. | 975,303,212 (98.8074%) | 11,772,000 (1.1926%) |
As more than 50% of the votes were cast in favour of each of the above resolutions, the above resolutions were duly passed as ordinary resolutions. | |||
Note: Please refer to the Circular and the Notice for details of the above resolutions.
As at the date of the AGM, the total number of issued Shares of the Company was 1,521,065,600, which was the total number of Shares entitling the Shareholders to attend and vote for or against the resolutions at the AGM. No Shareholder was required to abstain from voting on any of the resolutions and no Shareholder was entitled to attend and abstain from voting in favour of any of the resolutions at the AGM as required in Rule 13.40 of the Listing Rules.
Tricor Secretaries Limited, the Company's Hong Kong branch share registrar, was appointed as the scrutineer of vote-taking at the AGM.
By order of the Board Agritrade Resources Limited Ting Kin Wai
Company Secretary
Hong Kong, 31 August 2016
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Agritrade Resources Ltd. published this content on 31 August 2016 and is solely responsible for the information contained herein.
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