[MLAB] Extraordinary on 20-Oct-2020

Stock
[MLAB]: MLABS SYSTEMS BHD
Announcement Date
02-Oct-2020
Type
Extraordinary
Date & Time
20-Oct-2020 10:00
Depositor Date
13-Oct-2020
Venue
Broadcast Venue at Level 4, Menara Lien Hoe No. 8, Persiaran Tropicana Tropicana Golf & Country Resort 47410 Petaling Jaya, Selangor Darul Ehsan
Description
Notice of Extraordinary General Meeting ("EGM") The EGM will be conducted fully virtual at the Broadcast Venue, the members are advised to refer to the Administrative Guide on the registration and voting process for the said meeting.
MLabs - Notice of EGM.pdf
Outcome

The Board of Directors of Mlabs Systems Berhad(“Mlabs” or “the Company”) wishes to announce thatall the resolutionsset out in the Notice of the ExtraordinaryGeneral Meeting (“EGM”) dated 5 October2020 wereduly passed by way of poll at the EGM of the Company held on 20 October 2020.

The results of the poll were validated by Sharepolls Sdn. Bhd., the Independent Scrutineer appointed by the Company.

This announcement is dated 20 October2020.

Voting Results

1. ORDINARY RESOLUTION 1

Description 
PROPOSED CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN MLABS ("MLABS SHARES" OR "SHARES") INTO 1 MLABS SHARE ("PROPOSED SHARE CONSOLIDATION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 5 6
No. of Shares 290,596,200 6,710,000
% of Voted Shares 97.7431 2.2569
Result Accepted

2. ORDINARY RESOLUTION 2

Description 
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 755,123,412 NEW SHARES ("RIGHTS SHARES") TOGETHER WITH UP TO 440,488,657 FREE DETACHABLE WARRANTS IN MLABS ("WARRANTS C") ON THE BASIS OF 12 RIGHTS SHARES TOGETHER WITH 7 FREE WARRANTS C FOR EVERY 2 SHARES (AFTER THE PROPOSED SHARE CONSOLIDATION) HELD BY THE ENTITLED SHAREHOLDERS ON AN ENTITLEMENT DATE TO BE DETERMINED ("RIGHTS ENTITLEMENT DATE") ("PROPOSED RIGHTS ISSUE WITH WARRANTS")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 5 6
No. of Shares 277,126,200 20,180,000
% of Voted Shares 93.2124 6.7876
Result Accepted

Remark
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