[HIBISCS] Extraordinary on 03-Nov-2020

Stock
[HIBISCS]: HIBISCUS PETROLEUM BHD
Announcement Date
09-Oct-2020
Type
Extraordinary
Date & Time
03-Nov-2020 09:30
Depositor Date
23-Oct-2020
Venue
Tricor Business Centre, Manuka 2 & 3 Meeting Room Unit 29-01, Level 29, Tower A, Vertical Business Suite Avenue 3 Bangsar South, No. 8, Jalan Kerinchi 59200 Kuala Lumpur
Description
HIBISCUS PETROLEUM BERHAD - Notice of Extraordinary General Meeting
Notice of EGM and Administrative Guide.pdf
Outcome

On behalf of the Board of Directors of Hibiscus Petroleum Berhad ("Hibiscus Petroleum" or "the Company"), Hong Leong Investment Bank Berhad and CIMB Investment Bank Berhadwishto announce that the shareholders of the Company have approved all the resolutions as set out in the Notice of ExtraordinaryGeneral Meeting ("EGM") dated 12 October2020 at theEGM held on Tuesday, 3 November2020.

All the resolutions were voted by poll at the EGM and the results were validated by Deloitte Risk Advisory Sdn Bhd, being the Independent Scrutineerappointed by the Company.

The details of the poll results are set out below.

This announcement is dated 3 November2020.

Voting Results

1. Ordinary Resolution 1

Description 
PROPOSED ALLOTMENT AND ISSUANCE OF UP TO 2,000,000,000 NEW CONVERTIBLE REDEEMABLE PREFERENCE SHARES ("CRPS") BY WAY OF PRIVATE PLACEMENT EXERCISE TO RAISE UP TO RM2.00 BILLION ("PROPOSED PRIVATE PLACEMENT OF CRPS")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 167 45
No. of Shares 387,770,954 19,987,002
% of Voted Shares 95.0983 4.9017
Result Accepted

2. Ordinary Resolution 2

Description 
PROPOSED SPECIFIC ALLOTMENT AND ISSUANCE OF A MINIMUM OF 8,000,000 AND UP TO 50,000,000 CRPS AT AN ISSUE PRICE OF RM1.00 PER CRPS TO DR. KENNETH GERARD PEREIRA ("DR. KENNETH") ("PROPOSED ALLOTMENT TO DR. KENNETH")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 159 48
No. of Shares 223,910,654 15,010,702
% of Voted Shares 93.7173 6.2827
Result Accepted

3. Special Resolution

Description 
PROPOSED AMENDMENTS TO THE CONSTITUTION OF THE COMPANY TO FACILITATE THE ISSUANCE OF THE CRPS ("PROPOSED AMENDMENTS")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 164 46
No. of Shares 387,770,054 19,983,802
% of Voted Shares 95.0991 4.9009
Result Accepted

Remark
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