|
COMPANY ANNOUNCEMENT
|
|
|
|
|
For Immediate Release
|
30 September 2016
|
|
|
|
DWS VIETNAM FUND LIMITED
|
|
|
|
Re: Result of AGM
|
The Directors of DWS Vietnam Fund Limited (the "Company") announces the result of the Annual General Meeting, which was held earlier today. Words and expressions defined in the circular to shareholders of the Company dated 2 September 2016 have the same meanings when used in this announcement unless the context requires otherwise.
All of the resolutions were duly passed, save for resolution 2 (the re-election of Jason Fitzgerald) and resolution 7 (to wind up the Company).
The total number of proxy votes lodged in relation to this special business considered at the AGM was as follows:
|
Resolutions
|
For
|
Against
|
Percentage of the issued share capital voted
|
|
|
|
Votes
|
%1
|
Votes
|
%1
|
|
5.
|
To change the Company's name to "Vietnam Phoenix Fund Limited".
|
270,593,545
|
98.5%
|
4,156,564
|
1.5%
|
64.8%
|
|
6.
|
To (i) to approve in principle the Restructuring Proposal, (ii) to authorise and direct the Directors to take such steps as may be reasonably necessary to implement such restructuring and (iii) not to wind up the Company effective 31 December 2016.
|
259,429,657
|
92.3%
|
21,502,778
|
7.7%
|
66.3%
|
|
7.
|
To wind up the Company effective 31 December 2016.
|
73,433,919
|
26.0%
|
209,386,253
|
74.0%
|
66.7%
|
1Note: % is % of proxy votes cast.
The Company is taking the necessary steps to change the Company's name and will make a further announcement once it is effective. The Company's ISIN (KYG2886W1078) and SEDOL (B1FHXT2) remain the same.
As resolution 6 was passed authorising and directing the Directors to take such steps as may be reasonably necessary to implement the Restructuring Proposal, the Company, with its advisers, will now prepare the documentation, and take such other steps, as are required to enable the Restructuring Proposal to become effective. In particular, the Directors expect to send a circular to Shareholders in November 2016 containing the final details of the Restructuring Proposal and convening an extraordinary general meeting of the Company at which the resolutions required to enable the Restructuring Proposal to become effective will be proposed. That circular will also explain the action Shareholders (and underlying Beneficial Owners) will need to take to make an Election in respect of the Continuation Option and/or Realisation Option
|
Enquiries:
|
|
|
DWS Vietnam Limited
|
dwsvietnamfund@dmsgovernance.com
|
|
Scott Weldon
Duxton Asset Management Ltd
|
T: +65 6511 0362
|
|
Sue Inglis
Cantor Fitzgerald Europe
|
T: +44 20 7894 8016
|
|
Margot Carty
Matheson
|
T: +353 1 232 2000
|
This announcement has been issued through the Companies Announcement Service of
the Irish Stock Exchange.