GP Batteries : Results of the Annual General Meeting Held on 28 July 2016 (in PDF)

REPL::Annual General Meeting::Voluntary Issuer & Securities

Issuer/ Manager

GP BATTERIES INTERNATIONAL LIMITED

Security GP BATTERIES INT LTD - SG0964000491 - G08

Announcement Details

Announcement Title

Annual General Meeting

Date & Time of Broadcast 28-Jul-2016 17:37:38 Status Replacement Announcement Reference SG160712MEETWY6G Submitted By (Co./ Ind. Name) Kelly Kiar Lee Noi Designation Company Secretary Financial Year End 31/03/2016

Event Narrative

Narrative Type Narrative Text

Additional Text Please refer to the attached Results of the Annual General Meeting held on 28 July 2016.

Event Dates

Meeting Date and Time

28/07/2016 09:30:00

Response Deadline Date 26/07/2016 09:30:00

Event Venue(s)

Place Venue(s) Venue details

Meeting Venue

Marina Mandarin Singapore, Taurus Ballroom, Level 1, 6 Raffles Boulevard, Marina Square, Singapore 039594

GP Batteries International Limited

(Incorporated in the Republic of Singapore) Company Registration No. 199002111N

RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 28 JULY 2016

Pursuant to Rule 704(16) of the Listing Manual of the Singapore Exchange Securities Trading Limited (the "SGX-ST"), the board of directors (the "Board") of GP Batteries International Limited (the "Company") is pleased to announce that at the Annual General Meeting ("AGM") of the Company held on 28 July 2016, all the resolutions set out in the Notice of AGM dated 13 July 2016 were duly passed by way of poll vote by the shareholders of the Company.

The results of the poll on each of the resolutions put to the vote at the AGM are set out below for information:

Resolution number and details	Total number of shares represented by votes for and against the relevant resolution	For		Against
		Number of shares	As a percentage of total number of votes for and against the resolution (%)	Number of shares	As a percentage of total number of votes for and against the resolution (%)
Resolution 1: Directors' Statement and Audited Financial Statements for the financial year ended 31 March 2016	106,844,472	106,843,472	100.00	1,000	0.00
Resolution 2: Payment of proposed final tax-exempt (one- tier) dividend	106,823,572	106,823,472	100.00	100	0.00

Resolution number and details	Total number of shares represented by votes for and against the relevant resolution	For		Against
		Number of shares	As a percentage of total number of votes for and against the resolution (%)	Number of shares	As a percentage of total number of votes for and against the resolution (%)
Resolution 3: Re-election of Mr Victor Lo Chung Wing as a Director	106,849,472	106,518,172	99.69	331,300	0.31
Resolution 4: Re-election of Mr Richard Ku Yuk Hing as a Director	106,480,072	106,402,972	99.93	77,100	0.07
Resolution 5: Re-election of Mr Hui Wing Sun as a Director	106,101,444	105,574,144	99.50	527,300	0.50
Resolution 6: Re-appointment of Mr Lim Jiew Keng as a Director	106,731,472	106,655,472	99.93	76,000	0.07
Resolution 7: Re-appointment of Mr Allan Choy Kam Wing as a Director	106,689,472	106,215,172	99.56	474,300	0.44
Resolution 8: Approval of Directors' fees amounting to S$193,000	106,636,472	106,584,472	99.95	52,000	0.05

Resolution number and details	Total number of shares represented by votes for and against the relevant resolution	For		Against
		Number of shares	As a percentage of total number of votes for and against the resolution (%)	Number of shares	As a percentage of total number of votes for and against the resolution (%)
Resolution 9: Re-appointment of Messrs Deloitte & Touche LLP as Auditors	106,634,472	106,525,472	99.90	109,000	0.10
Resolution 10: Authority to issue new shares	106,563,972	104,477,272	98.04	2,086,700	1.96
Resolution 11: Authority to issue shares under the GP Batteries Performance Share Plan	105,068,444	103,382,444	98.40	1,686,000	1.60
Resolution 12: Renewal of Share Purchase Mandate	106,575,072	106,537,072	99.96	38,000	0.04

No party was required to abstain from voting on any of the abovementioned resolutions put to the AGM.

DrewCorp Services Pte Ltd was appointed by the Company as scrutineer for the conduct of the poll at the AGM.

Mr Lim Jiew Keng, who was re-appointed as a Director of the Company at the AGM, remains as the Chairman of the Audit and Risk Committee, and a member of the Nominating and the Remuneration Committees respectively. The Board considers Mr Lim to be independent for the purpose of Rule 704(8) of the Listing Manual of the SGX-ST.

Mr Allan Choy Kam Wing, who was re-appointed as a Director of the Company at the AGM, remains as the Chairman of the Nominating Committee, and a member of the Audit and Risk and the Remuneration Committees respectively. The Board considers Mr Choy to be independent for the purpose of Rule 704(8) of the Listing Manual of SGX-ST.