[JOHAN] Extraordinary on 31-May-2021

Stock
[JOHAN]: JOHAN HOLDINGS BHD
Announcement Date
11-May-2021
Type
Extraordinary
Date & Time
31-May-2021 15:00
Depositor Date
21-May-2021
Venue
Broadcast Venue: Boardroom of Johan Holdings Berhad 11th Floor, Wisma E&C No. 2 Lorong Dungun Kiri Damansara Heights, 50490 Kuala Lumpur
Description
NOTICE OF EXTRAORDINARY GENERAL MEETING
Notice of EGM..pdf
Outcome

The Board of Directors of Johan Holdings Berhad is pleased to announce that all the Ordinary Resolutions as set out in the Notice of Extraordinary General Meeting ("EGM") of the Company dated 12 May 2021 was duly passed by the shareholders of the Company by way of poll via remote participation and voting at the EGM of the Company.

The result of the poll was validated bySymphony Merchant Sdn Bhd, the Independent Scrutineers appointed by the Company.

Details of the said resultof the poll is set out below.

This announcement is dated 31 May 2021.

Voting Results

1. ORDINARY RESOLUTION 1

Description 
PROPOSED ACQUISITION BY DYNACARE SDN BHD ("DYNACARE"), A WHOLLY-OWNED SUBSIDIARY OF JOHAN HOLDINGS BERHAD ("JOHAN"), OF A PARCEL OF INDUSTRIAL LAND BEARING TITLE PARTICULARS PN 296104, LOT 15528, MUKIM LUMUT, DISTRICT OF MANJUNG, PERAK DARUL RIDZUAN ("SUBJECT PROPERTY") FROM SMALL MEDIUM ENTERPRISE DEVELOPMENT BANK MALAYSIA BERHAD FOR A PURCHASE CONSIDERATION OF RM27,300,000 TO BE SATISFIED ENTIRELY VIA CASH ("PROPOSED ACQUISITION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 12 1
No. of Shares 560,522,157 16,000
% of Voted Shares 99.9971 0.0029
Result Accepted

2. ORDINARY RESOLUTION 2

Description 
PROPOSED DIVERSIFICATION OF THE EXISTING PRINCIPAL ACTIVITIES OF JOHAN AND ITS SUBSIDIARIES TO INCLUDE THE MANUFACTURING, SALE AND DISTRIBUTION OF GLOVES ("GLOVES BUSINESS") ("PROPOSED DIVERSIFICATION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 12 1
No. of Shares 560,522,157 16,000
% of Voted Shares 99.9971 0.0029
Result Accepted

3. ORDINARY RESOLUTION 3

Description 
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF 389,342,813 NEW ORDINARY SHARES IN JOHAN ("JOHAN SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARES") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 2 EXISTING JOHAN SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER, TOGETHER WITH 389,342,813 FREE DETACHABLE WARRANTS IN JOHAN ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR, AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE  ("PROPOSED RIGHTS ISSUE WITH WARRANTS")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 12 1
No. of Shares 560,522,157 16,000
% of Voted Shares 99.9971 0.0029
Result Accepted

4. ORDINARY RESOLUTION 4

Description 
PROPOSED OFFER TO GEORGE KENT (MALAYSIA) BERHAD ("GEORGE KENT") TO SUBSCRIBE FOR 40% EQUITY INTEREST IN DYNACARE AT THE ISSUE PRICE OF RM1.00 PER ORDINARY SHARE AND THE COMPANY TO HOLD THE BALANCE OF 60% EQUITY INTEREST ("PROPOSED OFFER TO SUBSCRIBE")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 12 1
No. of Shares 88,071,100 16,000
% of Voted Shares 99.9818 0.0182
Result Accepted

5. ORDINARY RESOLUTION 5

Description 
PROPOSED RIGHT TO GEORGE KENT TO BUILD THE MANUFACTURING PLANT AND INSTALLATION OF MACHINERY FOR THE GLOVES BUSINESS ("GLOVES MANUFACTURING PLANT") ON THE SUBJECT PROPERTY FOR A CONTRACT SUM OF APPROXIMATELY RM624,100,000 PLUS OR MINUS 10% (EXCLUDING SALES AND SERVICE TAX) ("PROPOSED RIGHT TO EXECUTE THE WORKS")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 12 1
No. of Shares 88,071,100 16,000
% of Voted Shares 99.9818 0.0182
Result Accepted

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