GALAXY ENTERTAINMENT GROUP LIMITED 
By 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.
GALAXY ENTERTAINMENT GROUP LIMITED銀 河 娛 樂 集 團 有 限 公 司
(Incorporated in Hong Kong with limited liability)
(Stock Code: 27) POLL RESULTS OF 2014 ANNUAL GENERAL MEETING HELD ON 11 JUNE 2014
At the Annual General Meeting of Galaxy Entertainment Group Limited ("GEG") held on
11 June 2014 ("AGM"), a poll was demanded by the chairman of the meeting for voting on all
proposed resolutions as set out in the Notice of AGM dated 17 April 2014.
As at the date of the AGM, the issued share capital of GEG was 4,242,267,987 shares, which was the total number of shares entitling the shareholders to attend and vote on all resolutions. There were no restrictions on any shareholders to cast votes on any of the proposed resolutions at the AGM.
GEG's share registrars, Computershare Hong Kong Investor Services Limited, acted as the scrutineers for the purpose of vote-taking at the AGM. All resolutions were approved by shareholders and the poll results were as follows:
Ordinary Resolutions | Number of Votes (%) | ||
Ordinary Resolutions | For | Against | |
1. | To receive and consider the audited financial statements and reports of the Directors and Auditor for the year ended 31 December 2013. | 3,102,813,926 (99.997744%) | 70,000 (0.002256%) |
2.1 | To re-elect Ms. Paddy Tang Lui Wai Yu as a Director. | 3,014,478,944 (97.061638%) | 91,257,782 (2.938362%) |
2.2 | To re-elect Dr. William Yip Shue Lam as a Director. | 3,097,926,199 (99.828881%) | 5,310,227 (0.171119%) |
2.3 | To authorise the Directors to fix the Directors' remuneration. | 3,072,182,431 (99.662668%) | 10,398,544 (0.337332%) |
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Ordinary Resolutions | Number of Votes (%) | ||
Ordinary Resolutions | For | Against | |
3. | To re-appoint PricewaterhouseCoopers as Auditor and authorise the Directors to fix the Auditor's remuneration. | 3,105,415,726 (99.989825%) | 316,000 (0.010175%) |
4.1 | To give a general mandate to the Directors to buy-back shares of GEG. | 3,104,879,375 (99.999839%) | 5,000 (0.000161%) |
4.2 | To give a general mandate to the Directors to issue additional shares of GEG. | 2,080,424,678 (66.986511%) | 1,025,312,048 (33.013489%) |
4.3 | To extend the general mandate as approved under 4.2. | 2,087,321,013 (67.208671%) | 1,018,410,713 (32.791329%) |
As more than 50% of the votes were cast in favour of each of the above resolutions, each of the above resolutions was duly passed as an ordinary resolution of GEG. | |||
Special Resolutions | Number of Votes (%) | ||
Special Resolutions | For | Against | |
5.1 | To delete the entire memorandum of association of GEG. | 3,014,781,601 (97.071540%) | 90,950,125 (2.928460%) |
5.2 | To amend the articles of association of GEG. | 3,013,976,601 (97.045620%) | 91,755,125 (2.954380%) |
5.3 | To approve the adoption of the new articles of association of GEG in substitution for and to the exclusion of the existing memorandum and articles of association of GEG. | 3,006,506,601 (96.805253%) | 99,220,125 (3.194747%) |
As more than 75% of the votes were cast in favour of each of the above resolutions numbered 5.1, 5.2 and 5.3, each of the resolutions was duly passed as a special resolution of GEG. |
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In relation to resolution numbered 2.3 to fix the Directors' remuneration, the following Directors' fees for the year ended 31 December 2013 were approved and are payable to the Directors, if applicable, on a pro-rata basis by reference to the actual number of days in office during the year:
ChairmanHK$
Member
HK$
The Board 240,000 210,000
Audit Committee 170,000 140,000
Corporate Governance Committee 80,000 60,000
Nomination Committee 80,000 60,000
Remuneration Committee 90,000 70,000
By Order of the Board
Hong Kong, 11 June 2014
As at the date of this announcement, the executive Directors of GEG are Dr. Lui Che Woo ( C h a i r m a n ) , Mr. Francis Lui Yiu Tung, Mr. Joseph Chee Ying Keung and Ms. Paddy Tang Lui Wai Yu; the non-executive Director of GEG is Mr. Anthony Thomas Christopher Carter; and the independent non-executive Directors of GEG are Mr. James Ross Ancell, Dr. William Yip Shue Lam and Professor Patrick Wong Lung Tak.
Website: www.galaxyentertainment.com
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