Reports > ASX Announcements

Previous ASX Announcements

Published on Tuesday, 22 May 2007

Results of Annual General Meeting

Results of Annual General Meeting

A.C.N. 063 656 333
A.B.N. 64 063 656 333
VIETNAM INDUSTRIAL INVESTMENTS LIMITED

21 May 2007

Company Announcements
Australian Stock Exchange Limited
10th Floor
Bond Street
SYDNEY NSW 2000

Dear Sirs

RESULTS OF ANNUAL GENERAL MEETING

All resolutions put to shareholders at the adjourned Annual General Meeting held on 21 May 2007 were passed on a show of hands.

In accordance with Section 251AA of the Corporations Act 2001 and ASX Listing Rule 3.13.2, the following information is provided in relation to proxy votes:

Resolution 1- Remuneration Report

Total number of proxy votes exercisable by all proxies validly appointed: 29,995,226

Total number of proxy votes in respect of which the appointments specified that:

(a) the proxy is to vote for the resolution 29,973,226
(b) the proxy is to vote against the resolution 22,000
(c) the proxy is to abstain on the resolution Nil
(d) the proxy may vote at the proxy’s discretion 4,000,000

Resolution 2- Re-election of Mr Simon Lee as a Director

Total number of proxy votes exercisable by all proxies validly appointed: 29,995,226

Total number of proxy votes in respect of which the appointments specified that:

(a) the proxy is to vote for the resolution 29,973,226
(b) the proxy is to vote against the resolution 22,000
(c) the proxy is to abstain on the resolution Nil
(d) the proxy may vote at the proxy’s discretion 4,000,000

Resolution 3- Approve Sale and Purchase Agreement

VII’s directors informed the meeting that;

1. the amended Prudential offer as described in the Company’s ASX announcement dated 18 May 2007 represents material information to the question of whether the transaction proposed by the directors should be approved; and

2. that VII’s Independent Directors are of the opinion that the amended Prudential offer has more certainty and demonstrably better terms than the Sale and Purchase Agreement;

after which, the consideration of Resolution 3 to consider the Sale and Purchase Agreement was adjourned to a meeting to be held at 9.00am on Tuesday 29 May 2007.

VII directors are of the opinion that they must allow shareholders who have and have not lodged a Proxy Form for the approval of the Sale and Purchase Agreement to lodge a new Proxy Form. VII proposes to release a Second Supplementary Explanatory Memorandum which will include a new Proxy Form, to ASX and shareholders shortly.

Yours faithfully

 

MARK CLEMENTS
Company Secretary

Comments (0)Number of views (606)

Author: SuperUser

Categories: ASX Announcements

Tags: