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Results of Annual General Meeting

The results of the resolutions passed at the Annual General Meeting of iCar Asia Limited held today is provided in accordance with Listing Rule 3.13.2 and section 251AA (2) of the Corporations Act.

 

Resolution 1      Adoption of Remuneration Report

“That the Remuneration Report required by section 300A of the Corporations Act, as contained in the Directors’ Report of the Company, for the year ended 31 December 2015 be adopted, details of which are set out in the explanatory notes to resolution 1 in the notice of meeting.”

This resolution was passed on a show of hands.

Instructions in respect of the proxies received were:

FOR AGAINST ABSTAIN UNDIRECTED
49,950,537 979,656 235,489 50,743,967

 

Resolution 2      Re-election of Mr Lucas Elliott as a Director

“That Lucas Elliott, who retires by rotation in accordance with the Company’s constitution and, being eligible for re-election, be re-elected as a Director.”

This resolution was passed on a show of hands.

Instructions in respect of the proxies received were:

FOR AGAINST ABSTAIN UNDIRECTED
98,445,006 8,096,851 31,950 50,986,393

 

Resolution 3      Approval to issue fully paid ordinary shares to Mr Ajay Bhatia in accordance with Listing Rule 7.1 and 10.11

“That approval be given for the purposes of ASX Listing Rule 10.11 and all other purposes to allot and issue to Mr Ajay Bhatia or his nominee fully paid ordinary shares in accordance with the terms summarised in the explanatory notes to resolution 3 in the notice of meeting.”

This resolution was passed on a show of hands.

Instructions in respect of the proxies received were:

FOR AGAINST ABSTAIN UNDIRECTED
97,339,189 7,060,724 82,307 50,748,967

 

Resolution 4      Approval to issue fully paid ordinary shares to Mr Mark Britt in accordance with Listing Rule 7.1 and 10.11

“That approval be given for the purposes of ASX Listing Rule 10.11 and all other purposes to allot and issue to Mr Mark Britt or his nominee fully paid ordinary shares in accordance with the terms summarised in the explanatory notes to resolution 4 in the notice of meeting.”

This resolution was passed on a show of hands.

Instructions in respect of the proxies received were:

FOR AGAINST ABSTAIN UNDIRECTED
97,309,614 7,079,699 97,907 50,743,967

 

Resolution 5      Approval to issue fully paid ordinary shares to Mr Shaun Di Gregorio in accordance with Listing Rule 7.1 and 10.11

“That approval be given for the purposes of ASX Listing Rule 10.11 and all other purposes to allot and issue to Mr Shaun Di Gregorio or his nominee fully paid ordinary shares in accordance with the terms summarised in the explanatory notes to resolution 5 in the notice of meeting.”

This resolution was passed on a show of hands.

Instructions in respect of the proxies received were:

FOR AGAINST ABSTAIN UNDIRECTED
96,382,892 7,081,374 97,307 50,848,076

 

Resolution 6      Approval to issue fully paid ordinary shares to Mr Lucas Elliott in accordance with Listing Rule 7.1 and 10.11

“That approval be given for the purposes of ASX Listing Rule 10.11 and all other purposes to allot and issue to Mr Lucas Elliott or his nominee fully paid ordinary shares in accordance with the terms summarised in the explanatory notes to resolution 6 in the notice of meeting.”

This resolution was passed on a show of hands.

Instructions in respect of the proxies received were:

FOR AGAINST ABSTAIN UNDIRECTED
97,191,225 7,192,274 102,421 50,745,267

 

Resolution 7      Approval to issue fully paid ordinary shares to Mr Patrick Grove in accordance with Listing Rule 7.1 and 10.11

“That approval be given for the purposes of ASX Listing Rule 10.11 and all other purposes to allot and issue to Mr Patrick Grove or his nominee fully paid ordinary shares in accordance with the terms summarised in the explanatory notes to resolution 7 in the notice of meeting.”

This resolution was passed on a show of hands.

Instructions in respect of the proxies received were:

FOR AGAINST ABSTAIN UNDIRECTED
44,681,770 7,092,274 102,421 50,854,722

 

Resolution 8      Approval to issue fully paid ordinary shares to Mr Cameron McIntyre in accordance with Listing Rule 7.1 and 10.11

“That approval be given for the purposes of ASX Listing Rule 10.11 and all other purposes to allot and issue to Mr Cameron McIntyre or his nominee fully paid ordinary shares in accordance with the terms summarised in the explanatory notes to resolution 8 in the notice of meeting.”

This resolution was passed on a show of hands.

Instructions in respect of the proxies received were:

FOR AGAINST ABSTAIN UNDIRECTED
97,179,305 7,198,694 102,421 50,750,767

 

Resolution 9      Ratification of issue of ordinary shares pursuant to ASX Listing Rule 7.4 – Issue of shares to senior employees

“That in accordance with ASX Listing Rule 7.4, the Company ratifies and approves for the purposes of ASX Listing Rule 7.1, the issue of 468,792 fully paid ordinary shares in the capital of the Company, details of which are set out in the explanatory notes to resolution 9 in the notice of meeting.”

This resolution was passed on a show of hands.

Instructions in respect of the proxies received were:

FOR AGAINST ABSTAIN UNDIRECTED
97,355,773 6,896,252 102,095 50,877,067

 

Resolution 10    Ratification of issue of ordinary shares pursuant to ASX Listing Rule 7.4 – Issue of shares to the CEO

“That in accordance with ASX Listing Rule 7.4, the Company ratifies and approves for the purposes of ASX Listing Rule 7.1, the issue of 200,000 fully paid ordinary shares in the capital of the Company, details of which are set out in the explanatory notes to resolution 10 in the notice of meeting.”

This resolution was passed on a show of hands.

Instructions in respect of the proxies received were:

FOR AGAINST ABSTAIN UNDIRECTED
97,325,849 6,944,276 202,095 50,758,967

 

Resolution 11    Ratification of issue of ordinary shares pursuant to ASX Listing Rule 7.4 – Issue of Shares to select institutional investors

“That in accordance with ASX Listing Rule 7.4, the Company ratifies and approves for the purposes of ASX Listing Rule 7.1, the issue of 17,692,308 fully paid ordinary shares in the capital of the Company, details of which are set out in the explanatory notes to resolution 11 in the notice of meeting.”

This resolution was passed on a show of hands.

Instructions in respect of the proxies received were:

FOR AGAINST ABSTAIN UNDIRECTED
85,113,637 6,971,722 12,359,860 50,785,968

 

Resolution 12    Ratification of issue of ordinary shares pursuant to ASX Listing Rule 7.4 – Issue of Shares to carsales.com Limited under the top up right granted by the Share Subscription Agreement

“That in accordance with ASX Listing Rule 7.4, the Company ratifies and approves for the purposes of ASX Listing Rule 7.1, the issue of 5,841,000 fully paid ordinary shares in the capital of the Company, details of which are set out in the explanatory notes to resolution 12 in the notice of meeting.”

This resolution was passed on a show of hands.

Instructions in respect of the proxies received were:

FOR AGAINST ABSTAIN UNDIRECTED
99,974,881 6,769,591 46,534 685,761

 

Resolution 13    Approval pf 10% Placement Facility

 

“That for the purposes of Listing Rule 7.1A, the Directors are authorised to issue up to 10% of the Company’s share capital calculated in accordance with Listing Rule 7.1A and otherwise on the terms and conditions set out in the explanatory notes to resolution 13 in the notice of meeting.”

This resolution was passed on a show of hands.

Instructions in respect of the proxies received were:

FOR AGAINST ABSTAIN UNDIRECTED
97,557,744 6,834,215 70,034 50,769,194

 

By order of the Board

Mark Licciardo
Company Secretary

For more information please contact:

Hamish Stone
Chief Executive Officer
iCar Asia Ltd
Mobile:
Email: hamish.stone@icarasia.com
Mark Licciardo
Company Secretary
iCar Asia Ltd
Tel: +613 8689 9997
Email: markl@mertons.com.au

About iCar Asia Limited (www.icarasia.com)

Listed on the Australian Securities Exchange, iCar Asia (ASX:ICQ) owns and operates ASEAN’s No. 1 network of automotive portals. Headquartered in Kuala Lumpur, Malaysia, the company is focused on developing and operating leading automotive portals in Malaysia, Indonesia and Thailand. iCar Asia is continuously working to capitalize on its market-leading positions, with its online properties currently reaching over 4.8 million car buyers and sellers in the region every month.

iCar Asia Group Network of websites:

Malaysia
Indonesia
Thailand