The Board of Directors of Boilermech Holdings Berhad is pleased to announce that the following resolutions as set out in the Notice of the Extraordinary General Meeting ("EGM 1") dated 3 September 2014 were duly passed at the EGM 1 of the Company held earlier today: (1) Proposed Bonus Issue of 258,000,000 new Ordinary Shares of RM0.10 each in Boilermech Holdings Berhad ("Boilermech") ("Boilermech Share(s)") ("Bonus Share(s)") on the basis of one (1) Bonus Share for every one (1) existing Boilermech Share held by the shareholders of Boilermech whose names appear in the Record of Depositors of Boilermech on an entitlement date to be determined later; and (2) Proposed increase in the Authorised Share Capital of Boilermech from RM50,000,000 comprising 500,000,000 Boilermech Shares to RM100,000,000 comprising 1,000,000,000 Boilermech Shares.
This announcement is dated 25 September 2014.