General Meeting
29/07/2022GENERAL MEETINGS: Outcome of Meeting
ES CERAMICS TECHNOLOGY BHD |
Type of Meeting | Extraordinary |
Indicator | Outcome of Meeting |
Date of Meeting | 29 Jul 2022 |
Time | 10:00 AM |
Venue(s) |
Broadcast Venue: The Envictus, Level 5 No. 11, Jalan 225, 46100 Petaling Jaya Selangor Darul Ehsan Malaysia |
Outcome of Meeting | The Board of Directors of ES Ceramics Technology Berhad ("ES") wishes to announce that the shareholders of ES have at the Extraordinary General Meeting ("EGM") held this morning, approved all the resolutions as set out in the notice of EGM dated 12 July 2022 ("Resolutions"). The voting in respect of the Resolutions was carried out by way of a poll, results of which were validated by CBL Co, the independent scrutineer appointed by ES. Details of the results of the polling in respect of the Resolutions at the EGM are shown in the table. |
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
Proposed Acquisition of the entire equity interest in Evermix Concrete Sdn Bhd by the Company (70%) and its wholly-owned subsidiary Euroceramic Technologies Co., Ltd (30%) for a total purchase consideration of RM83,000,000 to be satisfied by a combination of cash payment of RM65,000,000 and issuance of 56,250,000 new ordinary shares in ES Ceramics at an issue price of RM0.32 per share amounting to RM18,000,000 |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 33 | 14 |
No. of Shares | 130,019,298 | 4,524,377 |
% of Voted Shares | 96.6372 | 3.3628 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
Proposed Diversification of the existing business of the Company and its subsidiaries to include manufacturing and trading of construction materials |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 34 | 13 |
No. of Shares | 130,139,285 | 4,404,390 |
% of Voted Shares | 96.7264 | 3.2736 |
Result | Accepted | |
Announcement Info
Company Name | ES CERAMICS TECHNOLOGY BHD |
Stock Name | ESCERAM |
Date Announced | 29 Jul 2022 |
Category | General Meeting |
Reference Number | GMA-29072022-00005 |
Corporate Action ID | MY220729MEET0004 |
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