REGAL HOTELS INTERNATIONAL HOLDINGS LIMITED 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.
The Regal Board announces that at the SGM held on 14 July 2014, the Ordinary Resolutions were duly passed by the Regal Independent Shareholders by way of poll.
Reference is made to the notice of special general meeting of Regal Hotels International Holdings Limited ("Regal") dated 25 June 2014 (the "SGM Notice") and the circular of Regal dated 25 June 2014 (the "Circular") in relation to provision of financial assistance. Unless otherwise stated, capitalised terms used herein shall have the same meanings as those defined in the Circular.
At the SGM held on 14 July 2014, the proposed ordinary resolutions as set out in the SGM Notice (the "Ordinary Resolutions") were duly passed by the Regal Shareholders (other than Mr. LO Yuk Sui, Century City, Paliburg and their respective associates) (the "Regal Independent Shareholders") by way of poll. Regal's branch share registrar in Hong Kong, Computershare Hong Kong Investor Services Limited, was appointed as the scrutineer for the poll taking at the SGM. The poll results of the Ordinary Resolutions passed at the SGM are as follows:
Ordinary Resolutions (Note) | Number of Regal Shares voted (%) | |
Ordinary Resolutions (Note) | For | Against |
1. To approve the provision of financial assistance to the P&R Group for or in connection with the P&R Group's participation in Cosmopolitan Open Offer and the transactions contemplated thereunder. | 91,442,094 (87.15%) | 13,481,926 (12.85%) |
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Ordinary Resolutions (Note) | Number of Regal Shares voted (%) | |
Ordinary Resolutions (Note) | For | Against |
2. To approve the provision of financial assistance to the P&R Group for or in connection with the Cosmopolitan Convertible Bonds Subscription Agreement and the transactions contemplated thereunder. | 91,434,794 (87.15%) | 13,481,926 (12.85%) |
Note: The full text of the Ordinary Resolutions is set out in the SGM Notice.
As at the date of the SGM, the total number of Regal Shares in issue is 930,928,333. As stated in the Circular, Mr. LO Yuk Sui, Century City, Paliburg and their respective associates, in aggregate holding 575,734,161 Regal Shares as at the date of the SGM, were required to, and did, abstain from voting on the Ordinary Resolutions at the SGM. Save as aforesaid, no other Regal Shareholder was required to abstain from voting on any of the Ordinary Resolutions. The total number of Regal Shares entitling the Regal Independent Shareholders to attend and vote for or against the Ordinary Resolutions at the SGM was 350,662,172 (excluding 4,532,000 Regal Shares that have been repurchased by Regal pending cancellation). No Regal Shareholder was entitled to attend but was required to abstain from voting in favour of any of the Ordinary Resolutions at the SGM.
Hong Kong, 14 July 2014
By order of the board of directors of
Secretary
As at the date of this announcement, the board of directors of Regal comprises the
following members:
Mr. LO Yuk Sui
(Chairman and Chief Executive Officer)
Miss LO Po Man
(Vice Chairman and Managing Director)
Ms. Belinda YEUNG Bik Yiu
(Chief Operating Officer)
Mr. Donald FAN Tung Mr. Jimmy LO Chun To Mr. Kenneth NG Kwai Kai Mr. Allen WAN Tze Wai
Non-executive director:Dr. Francis CHOI Chee Ming, GBS, JP
(Vice Chairman)
Independent non-executive directors:
Ms. Alice KAN Lai Kuen Professor Japhet Sebastian LAW Mr. NG Siu Chan
Mr. WONG Chi Keung
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