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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  IBI Group Holdings Limited    1547   KYG469041019

IBI GROUP HOLDINGS LIMITED

(1547)
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IBI : POLL RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 18 SEPTEMBER 2020

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09/18/2020 | 06:20am EDT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

IBI Group Holdings Limited

(incorporated in the Cayman Islands with limited liability)

(Stock code: 1547)

POLL RESULTS OF THE ANNUAL GENERAL MEETING

HELD ON 18 SEPTEMBER 2020

The Board is pleased to announce that all the Proposed Resolutions as set out in the AGM Notice were duly passed by the Shareholders by way of poll at the 2020 AGM.

Reference is made to the circular (the ''Circular'') of IBI Group Holdings Limited (the ''Company'') and the notice (the ''AGM Notice'') of the annual general meeting of the Company (the ''2020 AGM'') both dated 24 July 2020. Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.

The Board is pleased to announce that all the proposed resolutions (the ''Proposed Resolutions'') as set out in the AGM Notice were duly passed by the Shareholders by way of poll at the 2020 AGM held on Friday, 18 September 2020.

As at the date of the 2020 AGM, there were 800,000,000 issued Shares entitling the Shareholders to attend and vote for or against the Proposed Resolutions at the 2020 AGM. There were no Shares entitling the Shareholders to attend and abstain from voting in favour of the Proposed Resolutions at the 2020 AGM pursuant to Rule 13.40 of the Listing Rules.

None of the Shareholders was required under the Listing Rules to abstain from voting on the Proposed Resolutions at the 2020 AGM. None of the Shareholders have stated in the Circular their intention to vote against or to abstain from voting on any of the Proposed Resolutions at the 2020 AGM.

Tricor Investor Services Limited, the Hong Kong branch share registrar and transfer office of the Company, was appointed and acted as the scrutineer for the vote-taking at the 2020 AGM.

- 1 -

The poll results in respect of all the Proposed Resolutions put to the vote at the 2020 AGM are set out as follows:

Number of votes

Ordinary resolutions

(Approximate %)(Note)

For

Against

1.

To receive and adopt the audited consolidated

644,151,960

0

financial statements and the reports of the Directors

(100%)

(0%)

and independent auditor of the Company for the year

ended 31 March 2020.

2.

(i)

To re-elect Mr. Neil David Howard as an

644,151,960

0

executive Director.

(100%)

(0%)

(ii)

To re-elect Mr. Steven Paul Smithers as an

644,151,960

0

executive Director.

(100%)

(0%)

3.

To authorise the Board to fix the Directors'

644,151,960

0

remuneration for the year ending 31 March 2021.

(100%)

(0%)

4.

To re-appoint BDO Limited as the independent

644,151,960

0

auditor of the Company for the ensuing year and

(100%)

(0%)

authorise the Board to fix its remuneration.

5.

To grant a general mandate to the Directors to allot,

644,151,960

0

issue and otherwise deal with the Shares.

(100%)

(0%)

6.

To grant a general mandate to the Directors to

644,151,960

0

repurchase the Shares.

(100%)

(0%)

7.

Conditional upon the passing of resolution nos. 5 and

644,151,960

0

6 set out in the AGM Notice, to extend the general

(100%)

(0%)

mandate granted by resolution no. 5 by adding thereto

the Shares repurchased pursuant to the general

mandate granted by resolution no. 6.

  • For the full text of all the Proposed Resolutions, please refer to the AGM Notice as contained in the Circular.

Note: The number of votes and the approximate percentage of the votes as stated above are based on the total number of issued Shares held by the Shareholders who attended and voted at the 2020 AGM in person, by authorised representative or by proxy.

- 2 -

As more than 50% of the votes were cast in favour of each of the Proposed Resolutions, all of them were duly passed as ordinary resolutions of the Company.

By order of the Board

IBI Group Holdings Limited

Neil David Howard

Chairman

Hong Kong, 18 September 2020

As at the date of this announcement, the executive Directors are Mr. Neil David Howard and Mr. Steven Paul Smithers; and the independent non-executive Directors are Mr. Richard Gareth Williams, Mr. Robert Peter Andrews and Mr. David John Kennedy.

- 3 -

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Ibi Group Holdings Ltd. published this content on 18 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 September 2020 10:19:05 UTC


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Financials
Sales 2020 591 M 76,3 M 76,3 M
Net income 2020 21,6 M 2,79 M 2,79 M
Net cash 2020 191 M 24,7 M 24,7 M
P/E ratio 2020 10,2x
Yield 2020 3,64%
Capitalization 160 M 20,6 M 20,6 M
EV / Sales 2019 0,40x
EV / Sales 2020 0,05x
Nbr of Employees 109
Free-Float 25,0%
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Income Statement Evolution
Managers
NameTitle
Neil David Howard Executive Chairman & Chief Executive Officer
Steven Paul Smithers Chief Operating Officer & Executive Director
Wai Che Chu Chief Financial Officer
Richard Gareth Williams Independent Non-Executive Director
Robert Peter Andrews Independent Non-Executive Director
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