The Board of Directors of Vortex Consolidated Berhad ("VORTEX") is pleased to inform that the shareholders of VORTEX had, at the ExtraordinaryGeneral Meeting ("EGM") of VORTEX held on Friday, 15 January 2021approved all 2Ordinary Resolutions and 2Special Resolutions as set out in the Notice of the EGM contained in the Circular to Shareholdersdated 21 December 2020.
The results of the poll were duly validated by Asia Securities Sdn. Berhad, the Independent Scrutineerappointed by VORTEX.
Details of the results of the poll are set out in the attachment.
This announcement is dated 15 January 2021.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
PROPOSED CONSOLIDATION OF EVERY 4 EXISTING ORDINARY SHARES IN VORTEX (VORTEX SHARE(S)) INTO 1 VORTEX SHARE ("PROPOSED SHARE CONSOLIDATION") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 20 | 6 |
No. of Shares | 428,866,455 | 969,350 |
% of Voted Shares | 99.7745 | 0.2255 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 370,844,139 NEW VORTEX SHARES (RIGHTS SHARE(S)) ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 CONSOLIDATED SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER(ENTITLEMENT DATE), TOGETHER WITH UP TO 296,675,311 FREE DETACHABLE WARRANTS C (WARRANT(S) C) ON THE BASIS OF 4 WARRANTS C FOR EVERY 5 RIGHTS SHARES SUBSCRIBED FOR ("PROPOSED RIGHTS ISSUE") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 20 | 6 |
No. of Shares | 428,901,955 | 933,850 |
% of Voted Shares | 99.7827 | 0.2173 |
Result | Accepted | |
3. Special Resolution 1 |
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Description |
PROPOSED AMENDMENT TO THE CONSTITUTION OF VORTEX TO FACILITATE THE ADJUSTMENTS TO THE IRREDEEMABLE CONVERTIBLE PREFERENCES SHARES IN THE COMPANY PURSUANT TO THE PROPOSED SHARE CONSOLIDATION AND PROPOSED RIGHTS ISSUE |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 22 | 3 |
No. of Shares | 428,917,005 | 868,800 |
% of Voted Shares | 99.7979 | 0.2021 |
Result | Accepted | |
4. Special Resolution 2 |
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Description |
PROPOSED OTHER AMENDMENTS TO THE CONSTITUTION OF VORTEX |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 20 | 5 |
No. of Shares | 428,901,955 | 883,850 |
% of Voted Shares | 99.7944 | 0.2056 |
Result | Accepted | |