Thailand Hospitality Property Fund : Notification of Resolution No. 1/2022 of Unitholders of Thailand Hospitality Property Fund (TLHPF)
March 16, 2022 at 09:11 pm EDT
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Date/Time
17 Mar 2022 07:54:11
Headline
Notification of Resolution No. 1/2022 of Unitholders of Thailand Hospitality Property Fund (TLHPF)
Symbol
TLHPF
Source
TLHPF
Full Detailed News
Resolution of investment unitholders'/trust unitholders' meeting
Subject : Investment unitholders' resolution
Due date for receiving voting letters : 16-Mar-2022
Voting result : Accordingly approved as proposed
agenda
Remark :
No.PT 034/2022
17 March 2022
Re: Notification of Resolution No. 1/2022 of Unitholders of Thailand Hospitality
Property Fund (TLHPF)
To: The President
The Stock Exchange of Thailand
Pursuant to One Asset Management Limited ("Management Company") as the
management company of Thailand Hospitality Property Fund ("Fund") sent the
letter No. PT023/2022 dated 14 February 2022, Re: Request for
Resolutions of Unitholders of Thailand Hospitality Property Fund No. 1/2022, to
the Fund's Unitholders for approval of the proposal to adjust the rental payment
terms for the second time of Phi Phi Holiday Company Limited. The Unitholders
were requested to return their votes by 16 March 2022 ("Request Letter").
The Management Company hereby informs the resolution as follows:
Agenda 1 To consider and approve the Company's proposal to adjust the rental
payment terms
This Agenda requires affirmative votes of the Unitholders representing majority
units of the Unitholders entitled to vote. The total number of units of the
Unitholders entitled to vote is 129,000,000 units (out of the total number of
172,000,000 units, excluding the units held by the Unitholders having interest
at the number of 43,000,000 units).
The Unitholders passed the resolution to approve the Company's proposal to
adjust the rental payment terms with the following votes:
1. Approved: 91,417,000 units equivalent to 70.87 percent of units of the
Unitholders entitled to vote.
2. Disapproved: 2,300,000 units equivalent to 1.78 percent of units of the
Unitholders entitled to vote.
3. Abstained: 4,897,900 units equivalent to 3.80 percent of units of the
Unitholders entitled to vote.
4. Void ballot: 125,200 units equivalent to 0.10 percent of units of the
Unitholders entitled to vote.
5. Not returning vote: 30,259,900 units equivalent to 23.45 percent of units of
the Unitholders entitled to vote.
From the resolution above, the Company's proposal to adjust the rental payment
terms is deemed to be approved, and the Management Company will arrange the Fund
to enter into a Memorandum of Agreement with the Company and amend the Fund
Project as detailed in the Request Letter.
?
Please be informed accordingly
Yours sincerely,
Alongkorn Prathanrasnikorn
Senior Executive Vice President
One Asset Management Limited
______________________________________________________________________
This announcement was prepared and disseminated by listed company or issuer
through the electronic system which is provided for the purpose of dissemination
of the information and related documents of listed company or issuer to the
Stock Exchange of Thailand only. The Stock Exchange of Thailand has no
responsibility for the correctness and completeness of any statements, figures,
reports or opinions contained in this announcement, and has no liability for any
losses and damages in any cases. In case you have any inquiries or
clarification regarding this announcement, please directly contact listed
company or issuer who made this announcement.
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Thailand Hospitality Property Fund published this content on 17 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2022 01:10:06 UTC.
Thailand Hospitality Property Fund (the Fund) is a Thailand-based close-ended property fund. The Fund has the objective to mobilize fund from sale of investment units to purchase and/or lease property and procure benefit from such property. The Fund has a policy to pay dividends to the unitholders not less than 90% of the net income after adjustment for the accounting period. The Fund operates in only one business segment, which is the investments in property and the business is only operated in Thailand. Its Fund Manager is One Asset Management Limited.