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PLAYMATES TOYS LIMITED
(Incorporated in Bermuda with limited liability)
(Stock Code:869)
Annual General Meeting and Special General Meeting
held on 24 May 2019 - Poll Results
At the Annual General Meeting ("AGM") and Special General Meeting ("SGM") of Playmates Toys Limited (the "Company") held on 24 May 2019, a poll was demanded by the Chairman of the meetings for voting on all proposed resolutions as set out in the notice of AGM dated 26 March 2019 and the notice of SGM dated 30 April 2019 respectively.
As at the date of the AGM and the SGM, the number of issued shares of the Company was 1,180,000,000 shares, which was the total number of shares entitling the holders to attend and vote for or against all resolutions at the AGM and the SGM.
POLL RESULTS OF THE AGM
The poll results in respect of each of the proposed resolutions at the AGM are as follows:
Ordinary Resolutions | No. of Votes (%) | Total | ||
For | Against | number of | ||
votes cast | ||||
1. | To receive and consider the audited | 702,101,925 | 0 | 702,101,925 |
accounts and the reports of the | (100.00%) | (0.00%) | ||
directors and auditors of the | ||||
Company for the year ended 31 | ||||
December 2018. | ||||
2(a). | To re-elect Mr. Cheng Bing Kin, | 702,101,870 | 55 | 702,101,925 |
Alain as director of the Company. | (99.99%) | (0.01%) | ||
2(b). | To re-elect Mr. Yang, Victor as | 702,101,870 | 55 | 702,101,925 |
director of the Company. | (99.99%) | (0.01%) | ||
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Ordinary Resolutions | No. of Votes (%) | Total | ||||||
For | Against | number of | ||||||
votes cast | ||||||||
3. | To appoint Grant Thornton Hong | 702,001,925 | 100,000 | 702,101,925 | ||||
Kong Limited as the auditors | of | (99.99%) | (0.01%) | |||||
the Company. | ||||||||
4A. | To grant an unconditional mandate | 701,933,670 | 168,200 | 702,101,870 | ||||
to the directors to repurchase the | (99.98%) | (0.02%) | ||||||
Company's | own | shares | not | |||||
exceeding 10% of the issued share | ||||||||
capital of the Company. | ||||||||
4B. | To grant an unconditional mandate | 690,492,870 | 11,609,000 | 702,101,870 | ||||
to the directors to issue and allot | (98.35%) | (1.65%) | ||||||
additional | shares | not | exceeding | |||||
20% of the issued share capital of | ||||||||
the Company. | ||||||||
4C. | To extend the mandate granted | 690,553,670 | 11,548,255 | 702,101,925 | ||||
under Resolution No. 4B by | (98.36%) | (1.64%) | ||||||
including the number of shares | ||||||||
repurchased | by | the | Company | |||||
pursuant to Resolution No. 4A. | ||||||||
As more than 50% of the votes were cast in favour of each of the above resolutions, all the above resolutions were duly passed as ordinary resolutions.
POLL RESULTS OF THE SGM
The poll results in respect of the proposed resolution at the SGM are as follows:
Ordinary Resolution | No. of Votes (%) | Total | ||
For | Against | number of | ||
votes cast | ||||
1. | To approve the grant of share | 690,489,950 | 11,236,457 | 701,726,407 |
options by the Company to Guru | (98.40%) | (1.60%) | ||
Animation Studio Ltd. under the | ||||
share option scheme adopted by the | ||||
Company on 21 May 2018 to | ||||
subscribe for 20,000,000 ordinary | ||||
shares of HK$0.01 each of the | ||||
Company at the exercise price of | ||||
HK$0.792 per share, details of | ||||
which are set out in the circular of | ||||
the Company dated 30 April 2019. | ||||
As more than 50% of the votes were cast in favour of the above resolution, the resolution was duly passed as ordinary resolution.
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The number of votes in the AGM and SGM poll results represent votes cast by shareholders who were present and voting (either personally, by proxy or by corporate representative).
The branch share registrar of the Company, Tricor Abacus Limited, acted as scrutineer for the vote-taking at the AGM and SGM.
There was no share entitling the shareholder to attend and abstain from voting in favour of the resolutions at the AGM or the SGM as set out in Rule 13.40 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and no shareholder of the Company was required under the Listing Rules to abstain from voting at the AGM or the SGM. There were no restrictions on any shareholders to cast votes on any of the proposed resolutions at the AGM or the SGM. No parties have indicated in the circular of the AGM dated 26 March 2019 or the circular of the SGM dated 30 April 2019 that they intended to abstain from voting on or vote against any of the resolutions at the AGM or the SGM.
By order of the Board
Ng Ka Yan
Company Secretary
Hong Kong, 24 May 2019
As at the date of this announcement, the Board of the Company comprises the following directors:
Mr. To Shu Sing, Sidney (Chairman), Mr. Chan Kong Keung, Stephen (Executive Director), Mr. Cheng Bing Kin, Alain (Executive Director), Mr. Chow Yu Chun, Alexander (Independent Non-executiveDirector), Mr. Lee Ching Kwok, Rin (Independent Non- executive Director) and Mr. Yang, Victor (Independent Non-executiveDirector)
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Playmates Toys Limited published this content on 24 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 May 2019 10:52:04 UTC