MAGNUM BERHAD (“MAGNUM” OR THE “COMPANY”) (i) PROPOSED RENEWAL OF THE AUTHORITY FOR MAGNUM TO PURCHASE ITS OWN SHARES OF AN AMOUNT, WHICH, WHEN AGGREGATED WITH EXISTING TREASURY SHARES, DOES NOT EXCEED 10% OF ITS PREVAILING ISSUED AND PAID-UP SHARE CAPITAL AT ANY TIME (“PROPOSED SHARE BUY-BACK RENEWAL”); AND (ii) PROPOSED EXEMPTION UNDER PARAGRAPH 24.1, PRACTICE NOTE 9 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS 2010 TO CASI MANAGEMENT SDN BHD AND PERSONS ACTING IN CONCERT WITH IT FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER ON THE REMAINING VOTING SHARES IN MAGNUM NOT ALREADY OWNED BY THEM, UPON THE PURCHASE BY MAGNUM OF ITS OWN SHARES PURSUANT TO THE PROPOSED SHARE BUY-BACK RENEWAL (“PROPOSED EXEMPTION”) On behalf of Magnum, CIMB Investment Bank Berhad wishes to announce that the shareholders of Magnum have, at the Extraordinary General Meeting (“EGM”) of the Company which was held today, approved via poll the ordinary resolutions set out in the Notice of EGM of the Company dated 3 June 2014. The results of the poll are as follows: |
Resolutions | Vote For | Vote Against | ||
| No. of Shares | % | No. of Shares | % |
Ordinary Resolution 1: |
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|
|
|
Proposed Share Buy-Back Renewal | 726,658,529 | 99.82 | 1,283,769 | 0.18 |
Ordinary Resolution 2: |
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Proposed Exemption | 253,643,042 | 98.60 | 3,588,646 | 1.40 |
This announcement is dated 20 June 2014.