[KAREX] Extraordinary on 22-Dec-2020

Stock
[KAREX]: KAREX BERHAD
Announcement Date
04-Dec-2020
Type
Extraordinary
Date & Time
22-Dec-2020 10:00
Depositor Date
15-Dec-2020
Venue
Meeting Room TR12-R02 12th Floor Menara Symphony No.5 Jalan Prof. Khoo Kay Kim, Seksyen 13 46200 Petaling Jaya, Selangor
Description
NOTICE OF EXTRAORDINARY GENERAL MEETING OF KAREX BERHAD
Karex Berhad - Notice of Extraordinary General Meeting.pdf
Outcome

The Board of Karex Berhad (“the Company”) is pleased to announce that the resolution as set out in the Notice of the Extraordinary General Meeting (“EGM”) of the Company dated 7 December 2020 was duly passed as Ordinary Resolution by way of a poll at the EGM of the Company held on Tuesday, 22 December 2020 at 10:00 a.m.

The results of the poll which were validated by Boardroom Corporate Services Sdn. Bhd., the Independent Scrutineer appointed by the Company, is as set out below:-

Voting Results

1. Ordinary Resolution

Description 
PROPOSED ACQUISITION OF THE REMAINING 30 SHARES OF COMMON STOCK IN GLOBAL PROTECTION CORP. ("GP") ("GP SHARES"), REPRESENTING 30% OF THE EQUITY INTEREST IN GP, BY KAREX GLOBAL LIMITED ("KG"), A WHOLLY-OWNED SUBSIDIARY OF KAREX, FROM DAVIN WEDEL ("VENDOR") FOR A PURCHASE CONSIDERATION OF RM42,263,250.18 ("PURCHASE CONSIDERATION") TO BE SATISFIED ENTIRELY VIA THE ISSUANCE OF UP TO 82,934,164 NEW ORDINARY SHARES IN KAREX ("KAREX SHARES") ("CONSIDERATION SHARES") AT AN ISSUE PRICE TO BE DETERMINED LATER ("PROPOSED ACQUISITION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 119 14
No. of Shares 588,621,445 85,463
% of Voted Shares 99.9854 0.0145
Result Accepted

Remark
-
Market Buzz

2024-04-22

Insider

DATO' SIEW MUN WAI (EDWARD) (a company director) acquired 50,000 shares at 0.785 on 19-Apr-2024.

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