[PUC] Extraordinary on 19-Feb-2020

Stock
[PUC]: PUC BERHAD
Announcement Date
22-Jan-2020
Type
Extraordinary
Date & Time
19-Feb-2020 10:30
Depositor Date
13-Feb-2020
Venue
Quill Convention Centre, Room 603, Level 6, Quill City Mall Kuala Lumpur, 1018, Jalan Sultan Ismail, 50250 Kuala Lumpur
Description
Notice of Extraordinary General Meeting
PUC - EGM notice.pdf
Outcome

The Board of Directors of PUC Berhad(“PUC” or “the Company”) is pleased to announce that all the resolutions as set out in the Notice of Extraordinary General Meeting (“EGM”) dated 23 January 2020were duly passed by way of poll at the EGM held on 19February 2020.

The result of the poll which was verified byAsia Securities Sdn Bhd, being the Independent Scrutineer appointed by the Company, are as set out below:-

Voting Results

1. SPECIAL RESOLUTION 1

Description 
PROPOSED CONSOLIDATION OF EVERY 5 ORDINARY SHARES IN PUC ("PUC SHARES") INTO 1 PUC SHARE ("PROPOSED SHARE CONSOLIDATION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 73 2
No. of Shares 455,239,170 130,042
% of Voted Shares 99.9710 0.0290
Result Accepted

2. ORDINARY RESOLUTION 1

Description 
PROPOSED ACQUISITION BY PUC OF 12,336,288 ORDINARY SHARES IN PICTUREWORKS HOLDINGS SDN. BHD. ("PWHSB"), REPRESENTING 67% EQUITY INTEREST IN PWHSB FOR A TOTAL PURCHASE CONSIDERATION OF RM142.04 MILLION ("PROPOSED ACQUISITION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 66 2
No. of Shares 175,511,849 130,042
% of Voted Shares 99.9260 0.0740
Result Accepted

3. ORDINARY RESOLUTION 2

Description 
PROPOSED PRIVATE PLACEMENT OF UP TO 166,601,600 NEW PUC SHARES, REPRESENTING UP TO 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF PUC, TO INDEPENDENT THIRD-PARTY INVESTORS TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER ("PROPOSED 30% PRIVATE PLACEMENT")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 72 3
No. of Shares 453,689,170 1,680,042
% of Voted Shares 99.6310 0.3690
Result Accepted

Remark
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