General Meeting

03/06/2020

GENERAL MEETINGS: Outcome of Meeting

TANCO HOLDINGS BERHAD

Type of Meeting Extraordinary
Indicator Outcome of Meeting
Date of Meeting 03 Jun 2020
Time 10:30 AM

Venue(s) 
Broadcast Venue

Auditorium, 3A Floor, Menara Symphony,

No. 5, Jalan Prof. Khoo Kay Kim,

Seksyen 13, 46200 Petaling Jaya, Selangor

Malaysia

Outcome of Meeting

The Board of Directors of Tanco Holdings Berhad ("the Company" or "Tanco") is pleased to announce that the resolution set out in the Notice of the Extraordinary General Meeting ("EGM") of the Company dated 19 May 2020 was duly passed by the shareholders of the Company by way of poll via remote participation and electronic voting at the EGM of the Company held today.

 

The result of the poll was validated by Quantegic Services Sdn. Bhd., the independent scrutineer appointed by the Company.

 

Please refer to the attachment for the details of the outcome.

 

This announcement is dated 3 June 2020.

Voting Results

1. Ordinary

Description 
Proposed settlement of Debts owing to a Director of the Company, namely Andrew Tan Jun Suan (the Group Managing Director of Tanco) ("Andrew Tan") amounting to RM17,079,920 to be fully satisfied via the issuance of 341,598,402 new ordinary shares in Tanco ("Settlement Shares") at an issue price of RM0.05 per Settlement Share ("Proposed Settlement")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 7 2
No. of Shares 47,452,300 300
% of Voted Shares 99.9994 0.0006
Result Accepted



Please refer attachment below.



Announcement Info

Company Name TANCO HOLDINGS BERHAD
Stock Name TANCO
Date Announced 03 Jun 2020
Category General Meeting
Reference Number GMA-03062020-00009
Corporate Action ID MY200603MEET0009


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