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Vietnam Enterprise Investments Ltd.
AGM Information • Jun 18, 2025
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AGM Information
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National Storage Mechanism | Additional information 
RNS Number : 4348N
Vietnam Enterprise Investments Ltd
18 June 2025
For Immediate Release
18 June 2025
Vietnam Enterprise Investments Limited
(the "Company")
RESULT OF ANNUAL GENERAL MEETING
The Board of Directors of the Company announces that at the Annual General Meeting of the Company held on 18 June 2025 (the "2025 AGM"):
| - | Resolutions 1 to 9 as set out in the notice of meeting for the 2025 AGM were passed by the required majority; and |
| - | Resolution 10, to wind up the Company effective on 31 December 2027, was not passed by the required majority. |
in each case following a poll.
Resolutions 1 to 8 were proposed as Ordinary Resolutions and resolutions 9 and 10 were proposed as Special Resolutions.
In the notice of the 2025 AGM dated 13 May 2025, the Board had recommended that shareholders vote in favour Resolutions 1 to 9 and against Resolution 10.
The Board notes that, in relation to Resolution 10, votes constituting 41.06% of the total votes cast were cast in favour of the resolution, contrary to the Board's recommendation. The Board believes that most of the votes in favour of Resolution 10 were centred on a small number of sizeable shareholders. The Board commits to consult with relevant shareholders in order to understand the reasons behind their voting decision with a view to providing an update within six months, as required by the AIC Code on Corporate Governance.
The votes made in relation to the resolutions proposed at the 2025 AGM were as follows:
| For | % | Against | % | Total votes cast | Votes withheld | |
| Ordinary Resolutions | ||||||
| 1. To receive and adopt the audited financial statements for the year ended 31 December 2024 together with the auditor's and Directors' reports thereon. | 133,558,936 | 100.00 | 168 | 0.00 | 133,559,104 | 1,282,670 |
| 2. To re-appoint KPMG Limited of Vietnam as auditor of the Company and to authorise the Board to fix their remuneration. | 133,527,552 | 99.79 | 286,818 | 0.21 | 133,814,370 | 1,027,404 |
| 3. To re-elect Sarah Arkle as a Director of the Company. | 132,947,315 | 99.54 | 611,264 | 0.46 | 133,558,579 | 1,283,195 |
| 4. To re-elect Charles Cade as a Director of the Company. | 133,203,106 | 99.54 | 611,264 | 0.46 | 133,814,370 | 1,027,404 |
| 5. To re-elect Vi Peterson as a Director of the Company. | 132,567,403 | 99.07 | 1,246,967 | 0.93 | 133,814,370 | 1,027,404 |
| 6. To re-elect Low Suk Ling as a Director of the Company. | 133,203,106 | 99.54 | 611,264 | 0.46 | 133,814,370 | 1,027,404 |
| 7. To elect Edphawin Jetjirawat as a Director of the Company. | 133,202,106 | 99.54 | 611,264 | 0.46 | 133,813,370 | 1,028,404 |
| 8. To re-elect Dominic Scriven as a Director of the Company. | 132,674,599 | 99.15 | 1,139,771 | 0.85 | 133,814,370 | 1,027,404 |
| Special Resolutions | ||||||
| 9. To authorise the Company generally and unconditionally to make market purchases of its Ordinary Shares of US$0.01 par value. | 133,558,936 | 99.81 | 255,959 | 0.19 | 133,814,895 | 1,026,879 |
| 10. To wind up the Company effective 31 December 2027. | 55,365,155 | 41.06 | 79,476,619 | 58.94 | 134,841,774 | 0 |
In accordance with UK Listing Rule 6.4.2R, copies of the resolutions comprising special business have been made available for inspection on the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
For further information, please contact:
Vietnam Enterprise Investments Limited
Steven Mantle
+44 (0) 755 370 1237
Jefferies International Limited
Stuart Klein
+44 (0) 207 029 8703
h2Radnor
Iain Daly
+44 (0) 20 3897 1830
Montfort Communications
Gay Collins, Alex Everett
+44 (0) 7798 626282
LEI: 213800SYT3T4AGEVW864
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