[SINARAN] Extraordinary on 01-Mar-2021

Stock
[SINARAN]: SINARAN ADVANCE GROUP BERHAD
Announcement Date
04-Feb-2021
Type
Extraordinary
Date & Time
01-Mar-2021 10:00
Depositor Date
22-Feb-2021
Venue
Broadcast Venue at Level 4, Menara Lien Hoe, No. 8 Persiaran Tropicana, Tropicana Golf & Country Resort, 47410 Petaling Jaya, Selangor Darul Ehsan,
Description
K-Star Sports Limited ("Company" or "K-Star") - Extraordinary General Meeting ("EGM") The EGM of the Company will be held on a fully virtual basis and entirely via remote participation and voting.
K-Star Sports Limited - Notice of EGM.pdf
Outcome
K-STAR SPORTS LIMITED ('K-STAR' OR 'THE COMPANY') - Extraordinary General Meeting ('EGM')


The Board of Directors of K-Star wishes to announce that all resolutions tabled at the EGM held today as listed in the EGM Notice dated 5 February 2021 was duly approved by the shareholders.


The voting in respect of the resolutions were carried out by way of poll via remote participation and electronic voting and the results were validated by SharePolls Sdn. Bhd, the Independnet Scrutineer appointed by the Company.


The details of the poll results are set out below.


This announcement is dated 1 March 2021.

Voting Results

1. Ordinary Resolution 1

Description 
Proposed Special Issue of up to 142,097,400 new Ordinary Shares in K-Star to Independent Third-Party Investor(s) ("Proposed Special Issue")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 7 0
No. of Shares 161,581,400 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description 
Proposed Establishment of an Employees' Share Option Scheme ("ESOS") of up to 15% of the Total Number of Issued Shares of Sinaran Advance Group Berhad ("SAG") or K-Star (as the case may be) (collectively referred to as "Company") (excluding treasury shares, if any) at any point in time during the duration of ESOS, for the eligible Employees and Directors of SAG or K-Star (as the case may be) and its Subsidiaries ("Proposed ESOS")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 6 1
No. of Shares 161,581,200 200
% of Voted Shares 99.9999 0.0001
Result Accepted

3. Ordinary Resolution 3

Description 
Proposed Granting of ESOS Options to Ding JianPing
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 5 2
No. of Shares 161,561,200 20,200
% of Voted Shares 99.9875 0.0125
Result Accepted

4. Ordinary Resolution 4

Description 
Proposed Granting of ESOS Options to Koo Kien Yoon
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 6 1
No. of Shares 161,581,200 200
% of Voted Shares 99.9999 0.0001
Result Accepted

5. Ordinary Resolution 5

Description 
Proposed Granting of ESOS Options to Lee Yew Weng
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 4 3
No. of Shares 161,581,100 300
% of Voted Shares 99.9998 0.0002
Result Accepted

6. Ordinary Resolution 6

Description 
Proposed Granting of ESOS Options to Xiao LuXi
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 3 4
No. of Shares 161,561,100 20,300
% of Voted Shares 99.9874 0.0126
Result Accepted

7. Ordinary Resolution 7

Description 
Proposed Granting of ESOS Options to Dato' Quah Hoe Phang @ Stephen Quah
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 4 3
No. of Shares 161,581,100 300
% of Voted Shares 99.9998 0.0002
Result Accepted

8. Ordinary Resolution 8

Description 
Proposed Granting of ESOS Options to Ng Chee Kin
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 4 3
No. of Shares 161,581,100 300
% of Voted Shares 99.9998 0.0002
Result Accepted

9. Ordinary Resolution 9

Description 
Proposed Granting of ESOS Option to Mohtar Bin Abdullah
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 4 3
No. of Shares 161,581,100 300
% of Voted Shares 99.9998 0.0002
Result Accepted

10. Special Resolution 1

Description 
Proposed Internal Reorganisation
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 5 2
No. of Shares 161,581,300 100
% of Voted Shares 99.9999 0.0001
Result Accepted

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