The Board of Directors of i-Stone Group Berhad ("the Company") wishes to announce that all the Ordinary Resolutions except for the Special Resolution tabled at the Extraordinary General Meeting held on 19 August 2020 were duly passed by the shareholders of the Company. All the Resolutions were voted by poll and the results were validated by NeedsBridge Advisory Sdn. Bhd., the Independent Scrutineer appointed by the Company. Details of the results of the polling are set out below. This announcement is dated 19 August 2020. |
Voting Results |
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1. ORDINARY RESOLUTION 1 |
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Description |
PROPOSED ESTABLISHMENT OF AN EMPLOYEES' SHARE OPTION SCHEME ("ESOS") OF UP TO 15% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES, IF ANY) AT ANY POINT OF TIME DURING THE DURATION OF THE SCHEME FOR ELIGIBLE EXECUTIVE DIRECTORS AND EMPLOYEES OF I-STONE AND ITS SUBSIDIARIES ("I-STONE GROUP" OR "GROUP") (EXCLUDING DORMANT SUBSIDIARIES, IF ANY) ("PROPOSED ESOS") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 14 | 1 |
No. of Shares | 27,537,000 | 15,000 |
% of Voted Shares | 99.9460 | 0.0540 |
Result | Accepted | |
2. ORDINARY RESOLUTION 2 |
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Description |
PROPOSED GRANTING OF ESOS OPTIONS TO TEE SOOK SING |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 16 | 1 |
No. of Shares | 356,382,300 | 15,000 |
% of Voted Shares | 99.9960 | 0.0040 |
Result | Accepted | |
3. ORDINARY RESOLUTION 3 |
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Description |
PROPOSED GRANTING OF ESOS OPTIONS TO CHAN KOK SAN |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 17 | 1 |
No. of Shares | 510,925,200 | 15,000 |
% of Voted Shares | 99.9970 | 0.0030 |
Result | Accepted | |
4. ORDINARY RESOLUTION 4 |
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Description |
PROPOSED GRANTING OF ESOS OPTIONS TO CHIN CHUNG LEK |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 17 | 1 |
No. of Shares | 662,700,900 | 15,000 |
% of Voted Shares | 99.9980 | 0.0020 |
Result | Accepted | |
5. ORDINARY RESOLUTION 5 |
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Description |
PROPOSED GRANTING OF ESOS OPTIONS TO TEE MUN KEONG |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 15 | 2 |
No. of Shares | 356,382,200 | 15,100 |
% of Voted Shares | 99.9960 | 0.0040 |
Result | Accepted | |
6. SPECIAL RESOLUTION 1 |
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Description |
PROPOSED CONSOLIDATION OF EVERY FIVE (5) EXISTING ORDINARY SHARES IN I-STONE ("I-STONE SHARE(S)") INTO ONE (1) I-STONE SHARE ("CONSOLIDATED SHARE(S)") ("PROPOSED SHARE CONSOLIDATION") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 13 | 6 |
No. of Shares | 116,071,600 | 635,179,100 |
% of Voted Shares | 15.4500 | 84.5500 |
Result | Rejected | |