[MYEG] Extraordinary on 06-Aug-2020

Stock

[MYEG]: MY E.G. SERVICES BHD

Announcement Date

09-Jul-2020

Type

Extraordinary

Date & Time

06-Aug-2020 11:00

Depositor Date

29-Jul-2020

Venue

Level 43A, MYEG Tower, Empire City No. 8, Jalan Damansara, PJU 8 47820 Petaling Jaya Selangor Darul Ehsan

Description

MY E.G. Services Berhad ("MYEG" or "the Company") - Extraordinary General Meeting
MYEG-Notice of EGM.pdf

Outcome

MY E.G. Services Berhad ("the Company") is pleased to announce that the resolutions as set out in the Notice ofthe Extraordinary General Meeting ("EGM") of the Company dated 10 July 2020wereduly approved by the shareholders of the Company by way ofpoll at the EGM of the Company heldon Thursday, 6 August 2020, except for Special Resolutions 3 to 7 which were not put forward for voting.

In this respect, Special Resolutions 3 to 7 were not put forward for voting due to prevailing market and economic conditions which the Board of Directors wishes to prioritise theESOS Options to all employees as a mean to ensure their well-being during these challenging times.

The results of the pollwerevalidated by GovernAce Advisory & Solutions Sdn. Bhd., the independent scrutineerappointed by the Company.

This announcement is dated 6 August 2020.

Voting Results

1. Ordinary Resolution 1
Description	To approve the proposed diversification of the existing business of MYEG and its subsidiaries to include the provision of financial services.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	381	5
No. of Shares	2,479,499,511	100
% of Voted Shares	100.0000	0.0000
Result	Accepted

2. Special Resolution 1
Description	To approve the proposed establishment of a dividend reinvestment plan that provides shareholders with an option to elect to reinvest their cash dividend in new ordinary shares in MYEG and proposed issuance of new MYEG shares.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	369	16
No. of Shares	2,479,231,193	267,418
% of Voted Shares	99.9892	0.0108
Result	Accepted

3. Special Resolution 2
Description	To approve the proposed establishment of an Employees' Share Option Scheme ("ESOS") of up to 10% of the total number of issued shares of MYEG (excluding treasury shares, if any) at any point in time over the duration of the ESOS.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	187	168
No. of Shares	1,912,064,229	446,887,582
% of Voted Shares	81.0557	18.9443
Result	Accepted

4. Special Resolution 3
Description	To approve the proposed allocation of ESOS options to Dato' Dr Norraesah Binti Haji Mohamad.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	0	0
No. of Shares	0	0
% of Voted Shares	0.0000	0.0000
Result	Withdrawn/ Postponed

5. Special Resolution 4
Description	To approve the proposed allocation of ESOS options to Wong Thean Soon.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	0	0
No. of Shares	0	0
% of Voted Shares	0.0000	0.0000
Result	Withdrawn/ Postponed

6. Special Resolution 5
Description	To approve the proposed allocation of ESOS options to Tan Sri Dato' Dr Muhammad Rais Bin Abdul Karim.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	0	0
No. of Shares	0	0
% of Voted Shares	0.0000	0.0000
Result	Withdrawn/ Postponed

7. Special Resolution 6
Description	To approve the proposed allocation of ESOS options to Datuk Mohd Jimmy Wong Bin Abdullah.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	0	0
No. of Shares	0	0
% of Voted Shares	0.0000	0.0000
Result	Withdrawn/ Postponed

8. Special Resolution 7
Description	To approve the proposed allocation of ESOS options to Wong Kok Chau.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	0	0
No. of Shares	0	0
% of Voted Shares	0.0000	0.0000
Result	Withdrawn/ Postponed

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2024-05-04

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[MYEG] Extraordinary on 06-Aug-2020

Voting Results

1. Ordinary Resolution 1

2. Special Resolution 1

3. Special Resolution 2

4. Special Resolution 3

5. Special Resolution 4

6. Special Resolution 5

7. Special Resolution 6

8. Special Resolution 7

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