POWER ASSETS HOLDINGS LTD. 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.
POLL RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 10 MAY 2017The Company is pleased to announce the results of the poll conducted in respect of the resolutions proposed at the Annual General Meeting of the Company held on 10 May 2017 (the "AGM") as follows:
RESOLUTIONS | NO. OF VOTES (%) | ||
FOR | AGAINST | ||
1. | To receive the audited Financial Statements, the Report of the Directors and the Independent Auditor's Report for the year ended 31 December 2016. | 1,453,091,870 (99.9944) | 80,859 (0.0056) |
As more than 50% of the votes were cast in favour of the resolution, the resolution was duly passed as an ordinary resolution. | |||
2. | To declare a final dividend of HK$2.02 per share. | 1,457,565,070 (99.9905) | 139,128 (0.0095) |
As more than 50% of the votes were cast in favour of the resolution, the resolution was duly passed as an ordinary resolution. | |||
3. | (a) To elect Mr. Fok Kin Ning, Canning as a Director. | 1,367,404,987 (93.8029) | 90,338,421 (6.1971) |
As more than 50% of the votes were cast in favour of the resolution, the resolution was duly passed as an ordinary resolution. | |||
(b) To elect Mr. Andrew John Hunter as a Director. | 1,244,775,878 (85.6330) | 208,841,989 (14.3670) | |
As more than 50% of the votes were cast in favour of the resolution, the resolution was duly passed as an ordinary resolution. | |||
(c) To elect Mr. Ip Yuk-keung, Albert as a Director. | 1,402,931,484 (96.2416) | 54,786,741 (3.7584) | |
As more than 50% of the votes were cast in favour of the resolution, the resolution was duly passed as an ordinary resolution. | |||
RESOLUTIONS | NO. OF VOTES (%) | ||
FOR | AGAINST | ||
(d) To elect Mr. Li Tzar Kuoi, Victor as a Director. | 1,268,621,814 (87.0267) | 189,117,396 (12.9733) | |
As more than 50% of the votes were cast in favour of the resolution, the resolution was duly passed as an ordinary resolution. | |||
(e) To elect Mr. Tsai Chao Chung, Charles as a Director. | 1,423,474,271 (97.9227) | 30,197,499 (2.0773) | |
As more than 50% of the votes were cast in favour of the resolution, the resolution was duly passed as an ordinary resolution. | |||
4. | To appoint KPMG as Auditor of the Company and to authorise the Directors to fix the Auditor's remuneration. | 1,452,712,276 (99.6539) | 5,045,161 (0.3461) |
As more than 50% of the votes were cast in favour of the resolution, the resolution was duly passed as an ordinary resolution. | |||
5. | To give a general mandate to the Directors to issue and dispose of additional shares not exceeding 20% of the total number of shares of the Company in issue. | 928,633,463 (63.6939) | 529,329,933 (36.3061) |
As more than 50% of the votes were cast in favour of the resolution, the resolution was duly passed as an ordinary resolution. | |||
6. | To give a general mandate to the Directors to repurchase shares not exceeding 10% of the total number of shares of the Company in issue. | 1,457,030,355 (99.9564) | 635,454 (0.0436) |
As more than 50% of the votes were cast in favour of the resolution, the resolution was duly passed as an ordinary resolution. | |||
7. | To add the number of shares repurchased to the general mandate given to the Directors to issue additional shares. | 946,717,732 (64.9462) | 510,978,326 (35.0538) |
As more than 50% of the votes were cast in favour of the resolution, the resolution was duly passed as an ordinary resolution. | |||
* The above percentages are rounded to the nearest four decimal places.
The total number of shares entitling the holders to attend and vote for or against all the resolutions at the AGM was 2,134,261,654 shares. There were no restrictions on any shareholders to cast votes on any of the proposed resolutions at the AGM.
Computershare Hong Kong Investor Services Limited, the share registrar of the Company, acted as scrutineer for the poll at the AGM.
By Order of the Board
Alex NgCompany Secretary
Hong Kong, 10 May 2017
As at the date of this announcement, the directors of the Company are:
Executive directors | : | Mr. FOK Kin Ning, Canning (Chairman), Mr. TSAI Chao Chung, Charles (Chief Executive Officer), Mr. CHAN Loi Shun, Mr. Andrew John HUNTER, Mr. Neil Douglas MCGEE and Mr. WAN Chi Tin |
Non-executive director | : | Mr. LI Tzar Kuoi, Victor |
Independent non-executive directors | : | Mr. IP Yuk-keung, Albert, Mr. Ralph Raymond SHEA, Mr. WONG Chung Hin and Mr. WU Ting Yuk, Anthony |
Power Assets Holdings Limited published this content on 10 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 May 2017 09:01:23 UTC.
Original documenthttps://www.powerassets.com/en/InvestorRelations/InvestorRelations_GLNCS/Documents/E_20170510_Ann_Poll Results.pdf
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