The Board of Directors of DeGem Berhad("the Company") is pleased to announce that the resolution as prescribed in the Notice of Extraordinary General Meeting ("EGM") of the Company dated 15November 2019 was duly passed by the disinterested shareholders of the Company by way of poll at the EGM of the Company. The results of the poll were validated by Nurathira Farhanah binti Zainalabidin Sebli of Malaysian Issuing House Sdn. Bhd., the independent scrutineer appointed by the Company. Please refer to the attachment for the details of the outcome.
The application to the High Court to seek confirmation for the reduction of share capital under Section 116 of the Companies Act, 2016 will be made in due course.
This announcement is dated 9December 2019.
Voting Results |
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1. SPECIAL RESOLUTION |
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Description |
PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF DEGEM BERHAD (DEGEM OR COMPANY) PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 (PROPOSED SCR) |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 68 | 6 |
No. of Shares | 17,076,062 | 15,548 |
% of Voted Shares | 99.9090 | 0.0910 |
Result | Accepted | |