[VINVEST] Extraordinary on 23-Mar-2021

Stock
[VINVEST]: VINVEST CAPITAL HOLDINGS BERHAD
Announcement Date
26-Feb-2021
Type
Extraordinary
Date & Time
23-Mar-2021 11:00
Depositor Date
15-Mar-2021
Venue
Broadcast Venue :- No. 4, Jalan Seri Utara 1, Off Jalan Ipoh, 68100 Batu Caves, Kuala Lumpur,
Description
VIVOCOM INTL HOLDINGS BERHAD - EXTRAORDINARY GENERAL MEETING
Vivocom - Notice of EGM.pdf
Outcome

The Board of Directors of VIVOCOM INTL HOLDINGS BERHAD (“the Company”) wishes to announce that all the Resolutions as set out in the Notice of the Extraordinary General Meeting (“EGM”), were duly passed by the shareholders of the Company at the EGM held on Tuesday, 23 March 2021.

The results were validated by Aegis Communication Sdn. Bhd., the Independent Scrutineer appointed by the Company.

Please refer below for the outcome of the EGM of the Company.

This announcement is dated23 March 2021.

Voting Results

1. PROPOSED ACQUISITION

Description 
PROPOSED ACQUISITION BY VIVOCOM OF 113,535,000 ORDINARY SHARES IN V DEVELOPMENT SDN BHD (V DEVELOPMENT), REPRESENTING 45.0% EQUITY INTEREST IN V DEVELOPMENT, FROM DATO' SERI CHIA KOK TEONG (VENDOR) FOR A TOTAL PURCHASE CONSIDERATION OF RM171,000,000 TO BE SATISFIED VIA A COMBINATION OF CASH CONSIDERATION OF RM54,000,000, AND ISSUANCE AND ALLOTMENT OF 164,250,000 NEW ORDINARY SHARES IN VIVOCOM (VIVOCOM SHARE(S) OR SHARE(S)) (CONSIDERATION SHARE(S)) AT AN ISSUE PRICE OF RM0.40 PER CONSIDERATION SHARE, AND ISSUANCE AND ALLOTMENT OF UP TO 128,250,000 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES (ICPS) (CONSIDERATION ICPS) AT AN ISSUE PRICE OF RM0.40 PER CONSIDERATION ICPS (PROPOSED ACQUISITION)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 38 2
No. of Shares 84,600,396 10,010
% of Voted Shares 99.9882 0.0118
Result Accepted

2. PROPOSED SUBSCRIPTION

Description 
PROPOSED SUBSCRIPTION OF 169,936,172 NEW VIVOCOM SHARES, REPRESENTING APPROXIMATELY 30.0% OF THE TOTAL NUMBER OF ISSUED VIVOCOM SHARES (SUBSCRIPTION SHARE(S)) AT THE SUBSCRIPTION PRICE OF RM0.35 PER SUBSCRIPTION SHARE (PROPOSED SUBSCRIPTION)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 35 5
No. of Shares 84,576,852 33,554
% of Voted Shares 99.9603 0.0397
Result Accepted

3. PROPOSED CONSTITUTION AMENDMENT

Description 
PROPOSED AMENDMENT TO THE CONSTITUTION OF THE COMPANY TO FACILITATE THE IMPLEMENTATION OF THE PROPOSED ACQUISITION (PROPOSED CONSTITUTION AMENDMENT)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 35 5
No. of Shares 84,576,852 33,554
% of Voted Shares 99.9603 0.0397
Result Accepted

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