General Meeting

17/11/2020

GENERAL MEETINGS: Outcome of Meeting

SARAWAK CONSOLIDATED INDUSTRIES BERHAD

Type of Meeting Extraordinary
Indicator Outcome of Meeting
Date of Meeting 17 Nov 2020
Time 02:00 PM

Venue(s) 
Broadcast Venue

Tricor Business Centre, Manuka 2 & 3 Meeting Room,

Unit 29-01, Level 29, Tower A, Vertical Business Suite, Avenue 3,

Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur

Malaysia

Outcome of Meeting

The Board of Directors of Sarawak Consolidated Industries Berhad (“SCIB” or the “Company”) is pleased to announce that all ordinary resolutions as set out in the Notice of the Extraordinary General Meeting ("EGM") of the Company dated 30 October 2020 were duly passed by the shareholders of the Company at the EGM held today.

 

The voting in respect of the resolutions was carried out by way of a poll via Remote Participation and Voting facilities and the results were validated by Ms. Ong Wai Leng, the independent Scrutineer appointed by the Company. 


This announcement is dated 17 November 2020.

 

Voting Results

1. ORDINARY RESOLUTION 1

Description 
PROPOSED BONUS ISSUE OF 367,897,500 NEW ORDINARY SHARES IN SCIB ("SCIB SHARE(S)" OR "SHARE(S)") ("BONUS SHARE(S)") ON THE BASIS OF 3 BONUS SHARES FOR EVERY 1 EXISTING SCIB SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER BY THE BOARD ("BONUS ENTITLEMENT DATE") ("PROPOSED BONUS ISSUE OF SHARES")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 108 0
No. of Shares 50,006,674 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. ORDINARY RESOLUTION 2

Description 
PROPOSED ISSUANCE OF 245,265,000 FREE WARRANTS IN SCIB ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 2 SCIB SHARES HELD ON AN ENTITLEMENT DATE, WHICH IS AFTER THE BONUS ENTITLEMENT DATE, TO BE DETERMINED AND ANNOUNCED LATER BY THE BOARD ("WARRANTS ENTITLEMENT DATE") ("PROPOSED ISSUE OF FREE WARRANTS")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 108 0
No. of Shares 50,006,674 0
% of Voted Shares 100.0000 0.0000
Result Accepted





Announcement Info

Company Name SARAWAK CONSOLIDATED INDUSTRIES BERHAD
Stock Name SCIB
Date Announced 17 Nov 2020
Category General Meeting
Reference Number GMA-16112020-00005
Corporate Action ID MY201116MEET0003


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