E-PAY ASIA LTD. 
By
e-Pay Asia Limited announces that whilst approval of the
selective reduction of the company's capital was
received at the General Meeting, approval by the requisite
75% majority was not received at the Special Meeting.
Accordingly, the resolutions will not take effect.
Detailed information in relation to the results of the
meetings is set out on the next page.
Robert Lees Company Secretary (02) 9299 9580
e-pay Asia Limited is one of the leading provider of
electronic top up services for prepaid mobile users in South
East Asia. The e-pay Asia's electronic top up services
operates in 3 countries namely Malaysia, Thailand and
Pakistan with approximately 15,000 point of sales. e- pay
Asia processes more than 100 million prepaid mobile top up
transactions per year.
www.epay-asia.com
ACN 089 227 887
Special MeetingThe following statistics are provided in respect of the resolution at the Special Meeting:
The resolution was determined on a poll, the details of which are: | ||
Total relevant votes in favour of the resolution | 7,521,555 votes | 52.73% |
Total relevant votes against the resolution | 6,743,106 votes | 47.27% |
As this required a 75% approval to pass, the resolution did not pass.
For the purposes of regulatory disclosure (which are incorporated in the poll results above) proxy details are as follows:
Total number of relevant proxy votes in respect of which the appointments specified that: | |
(i) the proxy is to vote in favour of the resolution | 7,502,575 votes |
(ii) the proxy is to vote against the resolution | 6,743,106 votes |
(iii) the proxy may vote at the proxy's discretion | 18,980 votes |
Total number of relevant proxy votes exercisable by all proxies validly appointed | 14,264,661votes |
The following statistics are provided in respect of the resolution at the General Meeting:
The resolution was determined on a poll, the details of which are: | ||
Total relevant votes in favour of the resolution | 35,070,604 votes | 89.90 % |
Total relevant votes against the resolution | 3,940,603 votes | 10.10 % |
Whilst this resolution achieved the required 75% approval to pass, the effect of the Special Meeting not achieving the requisite approval means that the resolution will not take effect.
For the purposes of regulatory disclosure (which are incorporated in the poll results above) proxy details are as follows:
Total number of relevant proxy votes in respect of which the appointments specified that: | |
(i) the proxy is to vote in favour of the resolution | 35,070,604 votes |
(ii) the proxy is to vote against the resolution | 3,940,603 votes |
(iii) the proxy may vote at the proxy's discretion | nil votes |
Total number of relevant proxy votes exercisable by all proxies validly appointed | 39,011,207 votes |
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