TORONTO, Aug. 30, 2019 /CNW/ -- Sarment Holding Limited
("SAIS" or the "Company") (TSXv: SAIS),
announced the voting resulting from its 2019 Annual General and
Special Meeting (the "Meeting") held in London, United Kingdom. A total of 10,503,215
common shares were voted at the Meeting conducted on August 30, 2019, representing 33.03% of the votes
attached to all outstanding common shares at July 17, 2019 ("Record Date").
Shareholders voted in favour of all items of business as
follows:
|
1. Directors'
Statement and Audited Financial Statements
|
VOTE
FOR
|
VOTE
AGAINST
|
|
To receive and adopt
the Directors' Statement and the Audited Financial Statements of
the Company for the financial year ended 31 December 2018 together
with the Auditor's Report thereon.
|
10,503,215
shares
(100%)
|
0
shares
(0%)
|
|
2. Approval of
Directors' Fees
|
VOTE
FOR
|
VOTE
AGAINST
|
|
To approve Directors'
fees for the financial year ending 31 December 2019 as more
particularly described and set forth in the Information
Circular.
|
10,503,215
shares
(100%)
|
0
shares
(0%)
|
|
3. Election of
Directors
|
VOTE
FOR
|
VOTE
WITHHELD
|
|
a) Bertrand Faure
Beaulieu
|
10,503,215
shares
(100%)
|
0
shares
(0%)
|
|
b) Quentin
Chiarugi
|
10,503,215
shares
(100%)
|
0
shares
(0%)
|
|
c) Mark
Irwin
|
10,503,215
shares
(100%)
|
0
shares
(0%)
|
|
d) Kenneth
Robertson
|
10,503,215
shares
(100%)
|
0
shares
(0%)
|
|
4. Appointment of
Auditors
|
VOTES
FOR
|
VOTES
WITHHELD
|
|
To re-appoint Ernst
& Young LLP as the Auditor of the Company for the ensuing year
and to authorize the Directors of the Company to fix its
remuneration.
|
10,503,215
shares
(100%)
|
0
shares
(0%)
|
|
5. Creation of
"Control Person" of the Company
|
VOTE
FOR
|
VOTE
AGAINST
|
|
To approve the
creation of Mark Joseph Irwin as a "Control Person" of the Company,
in accordance with the applicable rules and policies of the TSX
Venture Exchange, as more particularly described and set forth in
the Information Circular.
|
10,339,415 shares
(100%)
(163,800 shares have
been excluded for the purpose of determining whether the minority
approval under MI 61-101 has been obtained)
|
0
shares
(0%)
|
|
6. Sale of the
Company's Business
|
VOTE
FOR
|
VOTE
AGAINST
|
|
To approve a
transaction under Singapore Law among the Company and certain of
its shareholders for the purposes of undertaking the sale of the
Company's traditional wine and spirits distribution business, as
more particularly described and set forth in the Information
Circular
|
10,339,415 shares
(100%)
(163,800 shares have
been excluded for the purpose of determining whether the minority
approval under MI 61-101 has been obtained)
|
0
shares
(0%)
|
|
7. Name
Change
|
VOTE
FOR
|
VOTE
AGAINST
|
|
To approve the change
of name of the Company from "Sarment Holding Limited" to "SAIS
Limited", or such other name that the Board of
Directors.
|
10,503,215
shares
(100%)
|
0 shares
(0%)
|
"Today, Sarment Holding shareholders overwhelmingly approved the
sale of its Company's traditional wine and spirits
distribution business (the "Transaction") and the proposal to
change the name from "Sarment Holding Limited" to "SAIS Limited",
which heralds a new era for
us, reinforcing the trajectory of the Company towards a
cutting edge technology business", said Quentin Chiarugi, Chief Executive Officer of the
Company.
The completion of the Transaction and the name change are
subject to approval of the TSX Venture Exchange.
About SAIS
Singapore-based SAIS is a
provider of advanced technology solutions, business intelligence
and supporting services. Across our units, we connect businesses
with their customers through end-to-end intelligent solutions. A
global leader in the development of Customer Experience Management
("CEM") platforms, we are focused on utilising AI to create
technology aimed at providing unique digital experiences, and
crafted to foster ground-breaking client-customer
relationships.
To learn more about SAIS Group, visit our
website: sais-group.com
# # #
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Sarment Holding Limited