The Board of Directors of Priceworth lnternational Berhad (“PWI” or “the Company”) wishes to announce that all the resolutions set out in the Notice of the Extraordinary General Meeting (“EGM”) of the Company dated 30 July 2021 were duly passed by the shareholders of the Company via Online Meeting Platform at www.agm.virtualeagm.com.my operated by AI Smartual Learning Sdn. Bhd. at the EGM held on 19 August 2021.
The results of the poll were verified by the Independent Scrutineer appointed by the Company, Aegis Communication Sdn. Bhd..
This announcement is dated 19 August 2021.
Voting Results |
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1. ORDINARY RESOLUTION 1 |
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Description |
PROPOSED CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN PWI ("PWI SHARES" OR "SHARES") INTO 1 NEW PWI SHARE ("CONSOLIDATED SHARE") ("PROPOSED SHARE CONSOLIDATION") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 32 | 1 |
No. of Shares | 1,277,886,967 | 2 |
% of Voted Shares | 99.9999 | 0.0001 |
Result | Accepted | |
2. ORDINARY RESOLUTION 2 |
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Description |
PROPOSED ISSUANCE OF REDEEMABLE CONVERTIBLE NOTES ("NOTES") WITH AN AGGREGATE PRINCIPAL AMOUNT OF UP TO RM100 MILLION ("PROPOSED NOTES ISSUE") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 32 | 1 |
No. of Shares | 1,277,886,967 | 2 |
% of Voted Shares | 99.9999 | 0.0001 |
Result | Accepted | |