General Meeting

14/01/2019

GENERAL MEETINGS: Outcome of Meeting

EKA NOODLES BERHAD

Type of Meeting Extraordinary General Meeting
Indicator Outcome of Meeting
Date of Meeting 14 Jan 2019
Time 11:00 AM
Venue 
Lot 208, Phase II, Kuala Ketil Industrial Estate, 09300 Kuala Ketil, Kedah Darul Aman
Outcome of Meeting

The Board of Directors of EKA Noodles Berhad ("the Company") is pleased to announce that all the resolutions put to the Extraordinary General Meeting ("EGM") of the Company held today, 14 January 2019 were unanimously carried. 

 

All the resolutions were voted upon by poll and the results of the poll were validated by Messrs. LKH & Associates, the independent scrutineer appointed by the Company.

 

The results of the poll are set out below.

 

This announcement is dated 14 January 2019.

Voting Results

Resolution Vote in favour Vote Against Results
No. of Shares % No. of Shares % 
Special Resolution 1
Proposed Amendment of the Constitution of the Company
 96,405,706 100.000000 0 0.000000 Carried 
Special Resolution 2
Proposed Reconstruction of the Companys financial position involving the reduction of the Companys share capital; Cancellation of the Companys entire share premium account and set-off of the Companys entire capital reserve pursuant to Section 116 of the Companies Act, 2016
 96,405,706 100.000000 0 0.000000 Carried 
Ordinary Resolution 1
Proposed Scheme of Arrangement and Compromise pursuant to Section 366 of the Act in respect of the amounts owing to the scheme creditors aggregating RM78,083,654 as at 30 September 2017 to be satisfied by cash proceeds of RM38,153,512 and the issuance of up to 139,755,494 new ordinary shares in EKA (Settlement Shares) at an issue price of RM0.05 per settlement share amounting to RM6,987,775
96,405,706 100.000000 0 0.000000 Carried 
Ordinary Resolution 2
Proposed renounceable rights issue of up to 2,160,000,000 new ordinary shares in EKA (Rights Shares) together with up to 1,296,000,000 free detachable warrants in EKA (Warrants B) on the basis of 5 Rights Shares together with 3 Warrants B for every 1 existing ordinary share in EKA (EKA Shares) subscribed by the entitled shareholders of EKA at an issue price of RM0.05 per EKA Share and on an entitlement date to be determined later
96,405,706 100.000000 0 0.000000 Carried 
Ordinary Resolution 3
Proposed acquisition of 5,500,002 ordinary shares in Kepala Batas Bihun Sdn. Bhd. (KBB), representing the entire issued share capital in KBB for a purchase consideration of RM55,000,000 to be satisfied by cash of RM33,000,000 and the issuance of 440,000,000 new EKA Shares (Consideration Shares) at an issue price of RM0.05 per EKA Share amounting to RM22,000,000
96,405,706 100.000000 0 0.000000 Carried


Please refer attachment below.

Attachments

EKA - EGM Poll Result.pdf
15.8 kB


Announcement Info

Company Name EKA NOODLES BERHAD
Stock Name EKA
Date Announced 14 Jan 2019
Category General Meeting
Reference Number GMA-14012019-00002


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