[LFECORP] Extraordinary on 02-Feb-2021
Announcement Date
15-Jan-2021
Type
Extraordinary
Date & Time
02-Feb-2021 10:30
Depositor Date
25-Jan-2021
Venue
Broadcast Venue at
Level 10, Tower 1, Avenue 5
Bangsar South City
59200 Kuala Lumpur
Description
Outcome
The Board of Directors of LFE Corporation Berhad(“the Company”) is pleased to announce that all the resolutions as set out in the Notice of ExtraordinaryGeneral Meeting ("EGM") of the Company dated 18 January 2021, were passed by the shareholders of the Company at the EGM held today, Tuesday, 2February 2021. All the resolutions were approved by way of voting on poll and the results of the poll are as per attachment.
This announcement is dated 2February 2021.
Voting Results |
||
1. Ordinary Resolution 1 |
||
| Description |
Proposed Renounceable Rights Issue of up to 490,567,490 new Ordinary Shares in LFE ("LFE Share(s)") ("Rights Shares") on the basis of 2 Rights Shares for every 1 existing LFE Share held on an Entitlement Date to be determined and announced later, at an issue price of RM0.08 per Rights Share ("Proposed Rights Issue")
|
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 15 | 2 |
| No. of Shares | 71,240,125 | 338 |
| % of Voted Shares | 99.9995 | 0.0005 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
||
| Description |
Proposed Acquisition of 382,500 Ordinary Shares in Cosmo Property Management Sdn Bhd ("CPMSB"), representing 51.0% equity interest in CPMSB from Resolute Accomplishment Sdn Bhd ("Vendor") for a purchase consideration of RM27,540,000 to be satisfied via a combination of RM20,990,000 in cash and RM6,550,000 via the issuance of 65,500,000 new LFE Shares ("Consideration Shares") at an issue price of RM0.10 per LFE Share ("Proposed Acquisition")
|
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 20 | 1 |
| No. of Shares | 137,456,312 | 12 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
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