On Wednesday, 28 October 2020, Phnom Penh SEZ Plc held its Extraordinary General Shareholders’ Meeting for ordinary shareholders to vote and approve the two (2) resolutions to be presented during the meeting.

On behalf of the Chairman and the Board of Directors, Mr. Hiroshi Uematsu Executive Director/CEO of Phnom Penh SEZ Plc in his welcoming speech, said due to the existing Covid 19 situation worldwide, as with this year’s AGM which was held in June, this EGM is conducted as before with some of our Directors “seated “in their home countries via video conferencing.

As a matter of Good Corporate Governance, the EGM is to seek the approval of shareholders to vote on two resolutions to be presented.

The 1st resolution is to approve the non-payment of a dividend for the financial year ended 31 December 2019.

The 2nd resolution is to approve the Shares Buyback of the company’s shares.

The result of the Extraordinary General Shareholders’ Meeting, with their votes cast are as listed below:

1/ To approve No dividend distribution: 62,334,667shares= 86.73%

2/ Against to approve No dividend distribution: 1,435,234shares= 2.00%

3/ To Approve Shares Buyback:63,767,578shares = 88.72%

4/ Against to Approve Shares Buyback: 2,023shares = 0.00%

As such, the resolutions are carried.