Result of AGM (6745R)

TIDMACHL

RNS Number : 6745R

Asian Citrus Holdings Ltd

08 November 2011

 
 For immediate release   8 November 2011

Asian Citrus Holdings Limited

("Asian Citrus" or "the Company")

ANNUAL GENERAL MEETING HELD ON 8 NOVEMBER 2011

POLL RESULTS

At the Annual General Meeting of Asian Citrus Holdings Limited (the "Company") held on 8 November 2011 (the "AGM"), a poll was demanded by the Chairman of the AGM for voting on all proposed resolutions. The Company is pleased to announce the results of the poll as follows:

 
                                                            Number of Votes 
                                                                  (%) 
---                                                     ----------------------- 
                  Ordinary Resolutions                      For       Against 
------------------------------------------------------  -----------  ---------- 
        To receive and consider the audited financial 
         statements and the reports of the directors 
         of the Company ("Directors") and of the 
 1       auditors for the year ended 30 June 2011       899,261,467  6,935,037 
                                                          (99.23%)     (0.77%) 
 -----------------------------------------------------  -----------  ---------- 
 2      To declare a final dividend of RMB0.10          906,196,504      0 
         and a special dividend of RMB0.03 per 
         ordinary share for the year ended 30 June 
         2011 
                                                         (100.00%)     (0.00%) 
 -----------------------------------------------------  -----------  ---------- 
3a      To re-elect Mr. Tong Wang Chow as executive     826,243,087  79,953,417 
         Director of the Company 
                                                          (91.18%)     (8.82%) 
 -----------------------------------------------------  -----------  ---------- 
3b      To re-elect Mr. Sung Chi Keung, as executive    899,831,504  6,365,000 
         Director of the Company 
                                                          (99.30%)     (0.70%) 
 -----------------------------------------------------  -----------  ---------- 
3c      To re-elect Hon Peregrine Moncreiffe as         898,718,467  7,478,037 
         non-executive Director of the Company 
                                                          (99.17%)     (0.83%) 
 -----------------------------------------------------  -----------  ---------- 
3d      To re-elect Mr. Tong Hung Wai, Tommy as         899,831,504  6,365,000 
         executive Director of the Company 
                                                          (99.30%)     (0.70%) 
 -----------------------------------------------------  -----------  ---------- 
 4      To re-appoint Baker Tilly Hong Kong Limited     903,690,910  2,505,594 
         as auditors of the Company, to hold office 
         from the conclusion of the Meeting to 
         the next annual general meeting, during 
         which accounts will be laid before the 
         Company, and to authorise the directors 
         to fix their remuneration 
                                                          (99.72%)     (0.28%) 
 -----------------------------------------------------  -----------  ---------- 
 
    As more than 50% of the votes were cast in favour of each 
    of the above resolutions, all the resolutions were duly passed 
    as ordinary resolutions. 
------------------------------------------------------------------------------- 
 
 
                                                         Number of Votes 
                                                                (%) 
                                                     ------------------------ 
                 Special Resolutions                     For        Against 
---------------------------------------------------  -----------  ----------- 
       To grant an unconditional mandate to the 
        Directors to allot new ordinary shares 
5       of the Company                               759,261,449  146,935,055 
                                                       (83.79%)     (16.21%) 
 --------------------------------------------------  -----------  ----------- 
6      To extend the ordinary shares issue mandate   765,405,446  140,791,058 
        granted to the Directors 
                                                       (84.46%)     (15.54%) 
 --------------------------------------------------  -----------  ----------- 
7      To grant an unconditional mandate to the      905,985,511    210,993 
        Directors to repurchase shares of the 
        Company 
                                                       (99.98%)     (0.02%) 
 --------------------------------------------------  -----------  ----------- 
 
    As more than 75% of the votes were cast in favour of each 
    of the above resolutions, all the resolutions were duly passed 
    as special resolutions. 
-----------------------------------------------------------------------------

Notes:

1. The total number of shares of the Company entitling the holders to attend and vote for or against the resolutions at the AGM was 1,213,156,963 shares.

2. No shareholders of the Company were subject to any restrictions in exercising their votes on any of the proposed resolutions at the AGM.

3. Computershare Hong Kong Investor Services Limited, the branch share registrar and transfer office of the Company in Hong Kong, was appointed to act as the scrutineer for the vote-taking at the AGM.

For further enquires:

 
 Asian Citrus 
 Eric Sung, Finance Director                  +852 2559 0323 
 
 Seymour Pierce Limited 
 Nandita Sahgal, Jonathan Wright (NOMAD)      020 7101 8000 
 Leti McManus, Richard Redmayne, (Broking) 
 Weber Shandwick Financial                    020 7067 0700 
 Nick Oborne, Stephanie Badjonat, 
  John Moriarty

This information is provided by RNS

The company news service from the London Stock Exchange

END

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