VNL detailed results of AGM

 

02 December 2013

VinaLand Limited

Detailed results of the Annual General Meeting

As previously announced on 29 November 2013, shareholders of VinaLand Limited (“the Company” or “VNL”) have supported the unanimous recommendations by members of the Board regarding all five resolutions which were put to a vote at the Company’s Annual General Meeting (AGM) held on Thursday 28 November 2013 in Zurich, Switzerland. The below table provides the detailed voting results for each separate resolution.

RESOLUTIONS

For

%*

Against

%*

Vote withheld

With Resolutions 1 to 4 being ordinary resolutions and Resolution 5 being a special resolution. 

1. To receive and adopt the Financial Statements for the year ended 30 June 2013, with the Reports of the Directors and Auditors thereon.

 189,036,597

100.00

 0

0.00

 43,211,396

2. To re-elect Mr Nicholas Brooke as a Director of the Company.

 203,776,597

100.00

 0

0.00

28,471,396 

3. To re-elect Mr Nicholas Allen as a Director of the Company.

 203,776,597

100.00

 0

0.00

28,471,396

4. THAT the aggregate cap on the total remuneration paid to the Directors as a group in respect of any 12-month period (as referenced in Article 124 of the Company’s Articles of Association) be and is hereby increased to USD300,000.

178,464,422

87.58

25,312,175

12.42

28,471,396

5.THAT Article 56 of the Company’s Articles of Association be and is hereby amended by the deletion of the words “twenty five per cent.” and their replacement with the words “fifteen per cent.”

203,776,594

100.00

0

0.00

28,471,396

 * Percentage of votes cast excludes Withheld votes.

Notes to Editors:

VinaCapital is a leading investment management and real estate development firm in Vietnam, with a diversified portfolio of USD1.5 billion in assets under management. VinaCapital was founded in 2003 and boasts a team of investment professionals who bring extensive international finance and investment experience to the firm. Our mission is to produce superior returns for investors by using our experience and knowledge to identify the key trends and opportunities that emerge as Vietnam continues to develop its economy. To achieve this, VinaCapital has industry – leading asset class teams covering capital markets, private equity, fixed income, venture capital, real estate and infrastructure.

VinaCapital manages three closed-end funds trading on the AIM Market of the London Stock Exchange. These funds are: VinaCapital Vietnam Opportunity Fund Limited (VOF), VinaLand Limited (VNL), and Vietnam Infrastructure Limited (VNI). VinaCapital also co-manages the DFJ VinaCapital L.P. technology venture capital fund with Draper Fisher Jurvetson.

VinaCapital has offices in Ho Chi Minh City, Hanoi, Danang and Singapore. More information about VinaCapital is available at www.vinacapital.com.

Enquiries:

David Dropsey
VinaCapital Investment Management Limited
Investor Relations/Communications
+84 8 821 9930
david.dropsey@vinacapital.com
 
Philip Secrett
Grant Thornton UK LLP, Nominated Adviser
+44 (0)20 7383 5100
philip.j.secrett@uk.gt.com
 
Hiroshi Funaki
Edmond de Rothschild Securities, Broker
+44 (0)20 7845 5960
funds@lcfr.co.uk   

David Benda / Hugh Jonathan
Numis Securities Limited, Broker
+44 (0)20 7260 1000
funds@numis.com


Andrew Walton
FTI Consulting, Public Relations (London)
+44 (0)20 7269 7204
andrew.walton@fticonsulting.com