The Board of Directors of Techfast Holdings Berhad ("Techfast"or"the Company") wishes to announce that at itsExtraordinary General Meeting("EGM") held today, 11 March 2021,the resolutions as set out in the Notice of EGM dated24 February 2021 were duly passedby way of poll voting.
The results of the poll were validated by SharePolls Sdn. Bhd., the Scrutineer appointed by the Company.
This announcement is dated 11 March 2021.
Voting Results |
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1. ORDINARY RESOLUTION 1 |
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Description |
PROPOSED PRIVATE PLACEMENT OF 75,288,900 NEW ORDINARY SHARES IN TECHFAST ("TECHFAST SHARE(S)" OR "SHARE(S)") ("PLACEMENT SHARE(S)"), REPRESENTING APPROXIMATELY 30% OF THE TOTAL ISSUED SHARES OF TECHFAST AT AN ISSUE PRICE OF RM0.375 PER PLACEMENT SHARE TO THE IDENTIFIED INVESTORS ("PROPOSED PRIVATE PLACEMENT") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 15 | 0 |
No. of Shares | 63,834,111 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
2. ORDINARY RESOLUTION 2 |
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Description |
PROPOSED ACQUISITION OF 175,000 ORDINARY SHARES IN CCK PETROLEUM SDN BHD ("CCKSB") ("SALE SHARE(S)"), REPRESENTING 35.0% EQUITY INTEREST IN CCKSB FROM KUAH CHOON CHING ("VENDOR") FOR A PURCHASE CONSIDERATION OF RM26,250,000 TO BE SATISFIED VIA A COMBINATION OF RM16,170,000 IN CASH AND RM10,080,000 VIA THE ISSUANCE OF 23,441,860 NEW TECHFAST SHARES AT AN ISSUE PRICE OF RM0.43 PER TECHFAST SHARE ("CONSIDERATION SHARE(S)") ("PROPOSED ACQUISITION") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 15 | 0 |
No. of Shares | 63,834,111 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
3. ORDINARY RESOLUTION 3 |
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Description |
PROPOSED DIVERSIFICATION OF THE EXISTING PRINCIPAL ACTIVITIES OF TECHFAST AND ITS SUBSIDIARIES ("TECHFAST GROUP") TO INCLUDE TRADING OF PETROLEUM PRODUCTS, OIL BUNKERING AND OTHER RELATED ACTIVITIES ("PETROLEUM TRADING BUSINESS") ("PROPOSED DIVERSIFICATION") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 15 | 0 |
No. of Shares | 63,834,111 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
4. ORDINARY RESOLUTION 4 |
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Description |
PROPOSED ESTABLISHMENT OF AN EMPLOYEES' SHARE OPTION SCHEME ("ESOS") OF UP TO 30% OF THE TOTAL ISSUED SHARES OF TECHFAST (EXCLUDING TREASURY SHARES, IF ANY) AT ANY POINT IN TIME OVER THE DURATION OF THE ESOS FOR THE ELIGIBLE DIRECTORS AND EMPLOYEES ("PROPOSED ESOS") |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 12 | 3 |
No. of Shares | 63,764,691 | 69,420 |
% of Voted Shares | 99.8912 | 0.1088 |
Result | Accepted | |
5. ORDINARY RESOLUTION 5 |
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Description |
PROPOSED ALLOCATION OF ESOS OPTIONS TO DATUK NUR JAZLAN BIN MOHAMED, THE DIRECTOR OF TECHFAST |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 13 | 2 |
No. of Shares | 63,764,696 | 69,415 |
% of Voted Shares | 99.8913 | 0.1087 |
Result | Accepted | |
6. ORDINARY RESOLUTION 6 |
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Description |
PROPOSED ALLOCATION OF ESOS OPTIONS TO TAN WYE CHUAN, THE DIRECTOR OF TECHFAST |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 12 | 3 |
No. of Shares | 63,764,691 | 69,420 |
% of Voted Shares | 99.8912 | 0.1088 |
Result | Accepted | |
7. ORDINARY RESOLUTION 7 |
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Description |
PROPOSED ALLOCATION OF ESOS OPTIONS TO LIM TOCK OOI, THE DIRECTOR OF TECHFAST |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 11 | 3 |
No. of Shares | 54,484,113 | 69,420 |
% of Voted Shares | 99.8727 | 0.1273 |
Result | Accepted | |
8. ORDINARY RESOLUTION 8 |
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Description |
PROPOSED ALLOCATION OF ESOS OPTIONS TO ANG SEE MING, THE DIRECTOR OF TECHFAST |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 12 | 3 |
No. of Shares | 63,764,691 | 69,420 |
% of Voted Shares | 99.8912 | 0.1088 |
Result | Accepted | |