[DOLMITE] Extraordinary on 11-Jan-2021

Stock
[DOLMITE]: DOLOMITE CORPORATION BHD
Announcement Date
17-Dec-2020
Type
Extraordinary
Date & Time
11-Jan-2021 10:00
Depositor Date
04-Jan-2021
Venue
Tricor Leadership Room, Unit 32-01, Level 32 Tower A, Vertical Business Suite, Avenue 3 Bangsar South, No. 8 Jalan Kerinchi 59200 Kuala Lumpur
Description
DOLOMITE CORPORATION BERHAD ("DOLOMITE" OR "COMPANY") - Extraordinary General Meeting
DOLMITE-Notice of EGM.pdf
Outcome

The Board of Directors of Dolomite Corporation Berhad ("DCB" or "Dolomite") wishes to announce the voting result on the resolutions presented at the Extraordinary General Meeting ("EGM") of DCB. Voting of the resolutions was carried out by way of polling (via remote participation and voting facilities) and the results were validated by Asia Securities Sdn Berhad, the Independent Scrutineer appointed by DCB.

We are pleased to inform that the special resolution 1 and all the ordinary resolutions 1 to 3 as set out in the Notice of the EGM dated 18 December 2020were duly passed by way of majority by the shareholders. Details of the said results are set out in the attachment.

This announcement is dated 11 January 2021.

Voting Results

1. Special Resolution 1

Description 
PROPOSED AMENDMENTS TO THE CONSTITUTION OF DOLOMITE
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 28 3
No. of Shares 38,250,093 2,100
% of Voted Shares 99.9945 0.0055
Result Accepted

2. Ordinary Resolution 1

Description 
PROPOSED SETTLEMENT OF AMOUNT OWING TO A CREDITOR OF DOLOMITE INDUSTRIES COMPANY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF DOLOMITE, NAMELY FADZILAH & FIKRI SDN BHD ("FIKRI") VIA THE ISSUANCE OF 45,000,000 NEW ORDINARY SHARES IN DOLOMITE AT AN INDICATIVE ISSUE PRICE OF RM0.105 EACH AND TRANSFER OF THE BUNGALOW LOT WITH A SELLING PRICE OF APPROXIMATELY RM1.50 MILLION TO FIKRI
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 35 3
No. of Shares 203,586,602 2,100
% of Voted Shares 99.9990 0.0010
Result Accepted

3. Ordinary Resolution 2

Description 
PROPOSED SETTLEMENT OF AMOUNT OWING TO MR. HUANG JEN SOONG ("HJS"), A DIRECTOR OF DOLOMITE OF RM14,254,749.72 TO BE SATISFIED THROUGH THE ISSUANCE OF 55,000,000 SETTLEMENT SHARES AT AN ISSUE PRICE OF RM0.105 PER NEW DOLOMITE SHARE, 50,000,000 RCCPS TO BONG SIN RUBBER ESTATES COMPANY SDN BHD, A COMPANY RELATED TO HJS AND 30,759,521 RCCPS TO HJS AT AN ISSUE PRICE OF RM0.105 EACH
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 31 3
No. of Shares 83,261,719 2,100
% of Voted Shares 99.9975 0.0025
Result Accepted

4. Ordinary Resolution 3

Description 
PROPOSED SETTLEMENT OF AMOUNT OWING TO MR. LIM BENG KEAT ("LBK"), A DIRECTOR OF DOLOMITE OF RM2,102,000 TO BE SATISFIED THROUGH THE ISSUANCE OF 20,019,047 RCCPS TO LBK AT AN ISSUE PRICE OF RM0.105 EACH
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 31 3
No. of Shares 148,993,976 2,100
% of Voted Shares 99.9986 0.0014
Result Accepted

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