[MAXIM] Extraordinary on 16-Oct-2020

Stock
[MAXIM]: MAXIM GLOBAL BERHAD
Announcement Date
13-Oct-2020
Type
Extraordinary
Date & Time
16-Oct-2020 10:00
Depositor Date
09-Oct-2020
Venue
2-1, Jalan Sri Hartamas 8, Sri Hartamas, 50480 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur
Description
Due to the Conditional Movement Order from 14 October 2020 to 27 October 2020, the Extraordinary General Meeting will be held as originally scheduled on Friday, 16 October 2020 at 10.00 a.m. via Remote Participation and Voting Facilities.
Notice of change of EGM to fully virtual with Admin Guide 13.10.2020.pdf
Outcome

On behalf of the Board of Directors of Tadmax Resources Berhad (“Tadmax” or “Company”), Hong Leong Investment Bank Berhad is pleased to announce that all the ordinary resolutions as set out in the Notice of Extraordinary General Meeting (“EGM”) dated 30 September 2020 were duly passed by the shareholders of the Company at the EGM held today, 16 October 2020.

The voting in respect of all the ordinary resolutions was carried out by way of a poll and the result of the poll was validated by BDO PLT, the independent scrutineer appointed by the Company.

The details of the said result are set out in the attachment.

This announcement is dated 16 October 2020.

Voting Results

1. Ordinary Resolution 1

Description 
PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN MAJESTIC MAXIM SDN BHD ("MAJESTIC MAXIM") BY TADMAX FROM MAXIM HOLDINGS SDN BHD ("MAXIM HOLDINGS") FOR A CONSIDERATION OF RM115,000,000 TO BE SATISFIED ENTIRELY VIA THE ISSUANCE OF 469,387,755 NEW ORDINARY SHARES IN TADMAX ("TADMAX SHARES") AT AN ISSUE PRICE OF RM0.245 PER TADMAX SHARE ("PROPOSED ACQUISITION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 13 1
No. of Shares 158,039,215 410,000
% of Voted Shares 99.7412 0.2588
Result Accepted

2. Ordinary Resolution 2

Description 
PROPOSED EXEMPTION UNDER PARAGRAPH 4.08(1)(a) OF THE RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS ("RULES") TO MAXIM HOLDINGS AND PERSONS ACTING IN CONCERT WITH IT ("PACS"), FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER TO ACQUIRE THE REMAINING TADMAX SHARES NOT ALREADY OWNED BY THEM AFTER THE PROPOSED ACQUISITION ("PROPOSED EXEMPTION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 12 1
No. of Shares 158,039,115 410,000
% of Voted Shares 99.7412 0.2588
Result Accepted

Remark
-
Market Buzz

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Meeting Notice

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