[LYC] Extraordinary on 23-Sep-2020

Stock
[LYC]: LYC HEALTHCARE BERHAD
Announcement Date
07-Sep-2020
Type
Extraordinary
Date & Time
23-Sep-2020 11:30
Depositor Date
15-Sep-2020
Venue
Dewan Perdana, Bukit Kiara Equestrian & Country Resort Jalan Bukit Kiara, Off Jalan Damansara, 60000 Kuala Lumpur
Description
LYC HEALTHCARE BERHAD - Notice of Extraordinary General Meeting
LYC-Notice of EGM and Administrative Guide.pdf
Outcome

The Board of Directors of LYC Healthcare Berhad("LYC") ispleased to announce that the resolutions set outin the Notice of the ExtraordinaryGeneral Meeting ("EGM") dated8 September 2020were duly passed at the EGM of LYC held earlier today.

All the resolutions were approved by way of poll at the EGM. The results of the poll were validated by GovernAce Advisory & Solutions Sdn Bhd, the Independent Scrutineersappointed by the Company.The details of the poll results are set out below.

This announcement is dated23September 2020.

Voting Results

1. Ordinary Resolution 1

Description 
Proposed private placement of up to 30% of the total number of issued shares of LYC at an issue price to be determined and announced later, to the following parties:- 

(a)	Allocation to third party investor(s) where such investor(s) shall be person(s) who/ which qualify under schedules 6 and 7 of the Capital Markets and Services Act 2007; and

(b)	Allocation to Lim Yin Chow (being the interested major shareholder) and/ or nominee(s), pursuant to his undertaking to subscribe and/ or cause his nominee(s) to subscribe for a total of up to 50,000,000 placement shares which are not subscribed for or taken up by any third party investor(s).
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 17 1
No. of Shares 12,004,200 100
% of Voted Shares 99.9992 0.0008
Result Accepted

2. Ordinary Resolution 2

Description 
Proposed allocation of up to 50,000,000 placement shares, which are not subscribed for or taken up by any third party investor(s), to Lim Yin Chow and/or Nominee(s).
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 17 1
No. of Shares 12,004,200 100
% of Voted Shares 99.9992 0.0008
Result Accepted

3. Ordinary Resolution 3

Description 
Proposed acquisition by LYC Medicare Sdn Bhd, a wholly-owned subsidiary of LYC, of a 51% equity interest in T&T Medical Group Pte Ltd for a purchase consideration of SGD7,293,000.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 18 1
No. of Shares 77,436,200 100
% of Voted Shares 99.9999 0.0001
Result Accepted

4. Ordinary Resolution 4

Description 
Proposed acquisition by LYC Medicare Sdn Bhd, a wholly-owned subsidiary of LYC, of a 51% equity interest in HC Orthopaedic Surgery Pte Ltd for a purchase consideration of SGD6,936,000.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 18 1
No. of Shares 77,436,200 100
% of Voted Shares 99.9999 0.0001
Result Accepted

Remark
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