[TANCO] Extraordinary on 03-Jun-2020

Stock
[TANCO]: TANCO HOLDINGS BHD
Announcement Date
18-May-2020
Type
Extraordinary
Date & Time
03-Jun-2020 10:30
Depositor Date
22-May-2020
Venue
Broadcast Venue Auditorium, 3A Floor, Menara Symphony, No. 5, Jalan Prof. Khoo Kay Kim, Seksyen 13, 46200 Petaling Jaya, Selangor
Description
Notice of Extraordinary General Meeting ("EGM") The EGM of Tanco Holdings Berhad ("Tanco") will be conducted on a fully virtual basis through live streaming and online remote voting via Remote Participation and Voting facilities at the Broadcast Venue
Tanco - Notice of EGM dated 19 May 2020.pdf
Outcome

The Board of Directors of TancoHoldings Berhad("the Company" or "Tanco") is pleased to announce that the resolution set out in the Notice of the Extraordinary General Meeting ("EGM") of the Company dated 19May 2020 was duly passed by the shareholders of the Company by way of poll via remote participation and electronic voting at the EGM of the Company held today.

The result of the poll was validated by Quantegic Services Sdn. Bhd., the independent scrutineer appointed by the Company.

Please refer to the attachment for the details of the outcome.

This announcement is dated 3June2020.

Voting Results

1. Ordinary

Description 
Proposed settlement of Debts owing to a Director of the Company, namely Andrew Tan Jun Suan (the Group Managing Director of Tanco) ("Andrew Tan") amounting to RM17,079,920 to be fully satisfied via the issuance of 341,598,402 new ordinary shares in Tanco ("Settlement Shares") at an issue price of RM0.05 per Settlement Share ("Proposed Settlement")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 7 2
No. of Shares 47,452,300 300
% of Voted Shares 99.9994 0.0006
Result Accepted

Remark
-
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