Last checked at 4 Feb 2019 15:11
For immediate release: 4th February 2019
Sealand Capital Galaxy Limited
Result of AGM and Directorate Change
Sealand Capital Galaxy Limited, ("Sealand", or the "Company") held its Annual General Meeting ("AGM") earlier today at the offices of Hill Dickinson LLP, The Broadgate Tower, 20 Primrose Street, London, EC2A 2EW.
The Board of Sealand wishes to advise that immediately prior to commencement of the AGM, Frazer Macrae tendered his resignation as a Non-Executive Director. Accordingly, Frazer Macrae left the Board with immediate effect.
As a result, Resoultion 3 relating to the re-election of Frazer Macrae was withdrawn from the AGM. Each of the other resolutions put to shareholders at the AGM were duly passed.
Nelson Law, Executive Chairman, commented:
"I would like to take this opportunity to thank Frazer for his support and guidance during his Directorship and wish him success for the future."
"We are already in advanced discussions with a potential replacement, who is based in the UK and we expect to make an announcement soon."
"Strong governance, relevant commercial experience and a thriving network of contacts will be invaluable as we successfully execute on our strategy to build a digital bridge between the Chinese market and selected overseas markets via our WeChat advertising, marketing and payment services."
-ends-
Enquiries:
Sealand Capital Galaxy Limited | |
Law Chung Lam Nelson, Executive Chairman | +44 (0) 7537 959788 |
Belvedere Communications | |
John West | +44 (0) 2036 872756 |
Kim van Beeck | +44 (0) 2036 872757 |
Notes to Editors:
· Sealand Capital Galaxy Limited (LSE: SCGL) is engaged in the investment and acquisition of IT and social media businesses in the APAC region with high growth potential.
· The Company's Shares are traded on the Official List of the London Stock Exchange's main market for listed securities under the ticker SCGL.
· Further information on Sealand is available on its website http://www.scg-ltd.com/