[SEDANIA] Extraordinary on 04-Jan-2021

Stock
[SEDANIA]: SEDANIA INNOVATOR BERHAD
Announcement Date
18-Dec-2020
Type
Extraordinary
Date & Time
04-Jan-2021 10:00
Depositor Date
24-Dec-2020
Venue
Millennium Ballroom 1, Level 1, Le M ridien Putrajaya, Lebuh IRC, IOI Resort City, 62502 Putrajaya, Selangor Darul Ehsan
Description
Sedania Innovator Berhad ("SIB" or "the Company") - Notice of Extraordinary General Meeting
Sedania - Notice of EGM and Administrative Guide.pdf
Outcome

The Board of Directors of Sedania Innovator Berhad ("the Company") wishes to announce that all the resolutions as set out in the Notice of the Extraordinary General Meeting ("EGM") of the Company dated 21 December 2020were duly approved by the shareholders of the Company at the EGM held today.

The voting in respect of the resolutions were carried out by way of a poll and the results were validated by Boardroom.comSdn. Bhd.,the Independent Scrutineer appointed by the Company.

This announcement is dated 4 January 2021.

Voting Results

1. Ordinary Resolution 1

Description 
Proposed acquisition of 1,530,000 ordinary shares in Offspring Inc Sdn Bhd ("Offspring") ("Sale Share(s)" or "Offspring Share(s)") from Sedania Corporation Sdn Bhd ("Vendor" or "SedaniaCorp"), representing 51% of the equity interest in Offspring, for a total purchase consideration of RM15,116,400 to be fully satisfied by cash ("Purchase Consideration") ("Proposed Acquisition")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 14 0
No. of Shares 49,512,000 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description 
Proposed diversification of SIB and its subsidiaries ("SIB Group" or the "Group") to include the following business activities:
A.	Consumer products specialising in healthcare, personal care, household as well as baby and childcare products; and
B.	Health technologies specialising in preventive healthcare technology solutions
("Proposed Diversification")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 14 0
No. of Shares 49,512,000 0
% of Voted Shares 100.0000 0.0000
Result Accepted

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