[MINETEC] Extraordinary on 28-Jun-2021

Stock
[MINETEC]: MINETECH RESOURCES BHD
Announcement Date
21-Jun-2021
Type
Extraordinary
Date & Time
28-Jun-2021 10:00
Depositor Date
21-Jun-2021
Venue
Online Meeting Platform via TIIH Online website at https://tiih.online (Domain registration number with MYNIC: D1A282781) provided by Tricor Investor & Issuing House Services Sdn. Bhd.
Description
Minetech Resources Berhad - Change of Mode of the Extraordinary General Meeting to FULLY VIRTUAL BASIS through online meeting platform
Minetech-Notification to Shareholders.pdf
Outcome

The Board of Directors of Minetech Resources Berhad ("theCompany") wishes to announce that all resolutions, save for ordinary resolution 14, as set out in the Notice of Extraordinary General Meeting ("EGM") were duly passed by the shareholders of the Company by way of poll via RPV at the EGM held today.


The results of the poll was validated by Quantegic ServicesSdn Bhd, the Independent Scrutineers appointed by the Company.


Details of the said results of the poll is set out below.


This announcement is dated 28June 2021.

Voting Results

1. Ordinary Resolution 1

Description 
PROPOSED PRIVATE PLACEMENT OF 349,598,600 NEW ORDINARY SHARES IN MINETECH RESOURCES BERHAD ("MINETECH" OR "COMPANY") ("MINETECH SHARES" OR "SHARES") ("PLACEMENT SHARES"), REPRESENTING UP TO 30% OF THE COMPANY'S EXISTING NUMBER OF ISSUED SHARES (EXCLUDING ANY TREASURY SHARES)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 47 8
No. of Shares 564,244,419 34,978
% of Voted Shares 99.9938 0.0062
Result Accepted

2. Ordinary Resolution 2

Description 
PROPOSED ALLOCATION OF 30,000,000 PLACEMENT SHARES TO DATO' AWANG DAUD BIN AWANG PUTERA
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 41 8
No. of Shares 250,591,619 34,978
% of Voted Shares 99.9860 0.0140
Result Accepted

3. Ordinary Resolution 3

Description 
PROPOSED ALLOCATION OF 25,000,000 PLACEMENT SHARES TO CHOY SEN @ CHIN KIM SANG
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 43 7
No. of Shares 353,705,299 20,978
% of Voted Shares 99.9941 0.0059
Result Accepted

4. Ordinary Resolution 4

Description 
PROPOSED ALLOCATION OF 12,500,000 PLACEMENT SHARES TO AWGKU MOHD REZA FARZAK BIN AWG DAUD
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 42 7
No. of Shares 250,605,619 20,978
% of Voted Shares 99.9916 0.0084
Result Accepted

5. Ordinary Resolution 5

Description 
PROPOSED ALLOCATION OF 12,500,000 PLACEMENT SHARES TO CHIN LEONG CHOY
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 42 7
No. of Shares 352,785,299 20,978
% of Voted Shares 99.9941 0.0059
Result Accepted

6. Ordinary Resolution 6

Description 
PROPOSED ALLOCATION OF 12,500,000 PLACEMENT SHARES TO AZLAN SHAH BIN ZAINAL ARIF
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 45 7
No. of Shares 559,153,419 20,978
% of Voted Shares 99.9962 0.0038
Result Accepted

7. Ordinary Resolution 7

Description 
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 582,664,400 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN MINETECH ("ICPS") ON THE BASIS OF 1 ICPS FOR EVERY 2 EXISTING MINETECH SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 43 10
No. of Shares 563,305,119 39,278
% of Voted Shares 99.9930 0.0070
Result Accepted

8. Ordinary Resolution 8

Description 
PROPOSED SHARE ISSUANCE SCHEME OF UP TO 15% OF THE TOTAL NUMBER OF ISSUED MINETECH SHARES (EXCLUDING ANY TREASURY SHARES) AT ANY ONE TIME DURING THE DURATION OF THE SHARE ISSUANCE SCHEME ("SIS")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 42 10
No. of Shares 563,290,619 49,778
% of Voted Shares 99.9912 0.0088
Result Accepted

9. Ordinary Resolution 9

Description 
PROPOSED GRANTING OF SIS OPTIONS TO DATO' AWANG DAUD BIN AWANG PUTERA
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 39 9
No. of Shares 250,576,319 35,278
% of Voted Shares 99.9859 0.0141
Result Accepted

10. Ordinary Resolution 10

Description 
PROPOSED GRANTING OF SIS OPTIONS TO CHOY SEN @ CHIN KIM SANG
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 8
No. of Shares 352,769,999 21,278
% of Voted Shares 99.9940 0.0060
Result Accepted

11. Ordinary Resolution 11

Description 
PROPOSED GRANTING OF SIS OPTIONS TO CHIN LEONG CHOY
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 8
No. of Shares 352,769,999 21,278
% of Voted Shares 99.9940 0.0060
Result Accepted

12. Ordinary Resolution 12

Description 
PROPOSED GRANTING OF SIS OPTIONS TO AWGKU MOHD REZA FARZAK BIN AWG DAUD
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 8
No. of Shares 250,590,319 21,278
% of Voted Shares 99.9915 0.0085
Result Accepted

13. Ordinary Resolution 13

Description 
PROPOSED GRANTING OF SIS OPTIONS TO AZLAN SHAH BIN ZAINAL ARIF
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 43 8
No. of Shares 559,138,619 21,278
% of Voted Shares 99.9962 0.0038
Result Accepted

14. Ordinary Resolution 14

Description 
PROPOSED GRANTING OF SIS OPTIONS TO ABDUL FARID BIN ABDUL KADIR
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 26 26
No. of Shares 10,754,099 552,575,798
% of Voted Shares 1.9090 98.0910
Result Rejected

15. Ordinary Resolution 15

Description 
PROPOSED GRANTING OF SIS OPTIONS TO AHMAD RAHIZAL BIN DATO' AHMAD RASIDI
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 44 8
No. of Shares 563,308,619 21,278
% of Voted Shares 99.9962 0.0038
Result Accepted

16. Ordinary Resolution 16

Description 
PROPOSED GRANTING OF SIS OPTIONS TO AHMAD RUSLAN ZAHARI BIN ZAKARIA
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 44 8
No. of Shares 563,308,619 21,278
% of Voted Shares 99.9962 0.0038
Result Accepted

17. Ordinary Resolution 17

Description 
PROPOSED GRANTING OF SIS OPTIONS TO DATIN FERIDAH BINTI BUJANG ISMAIL
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 43 8
No. of Shares 563,158,619 21,278
% of Voted Shares 99.9962 0.0038
Result Accepted

18. Ordinary Resolution 18

Description 
PROPOSED GRANTING OF SIS OPTIONS TO SITI AISHAH BINTI OTHMAN
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 44 8
No. of Shares 563,308,619 21,278
% of Voted Shares 99.9962 0.0038
Result Accepted

19. Ordinary Resolution 19

Description 
PROPOSED GRANTING OF SIS OPTIONS TO CHIN SHEONG CHOY
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 8
No. of Shares 352,769,999 21,278
% of Voted Shares 99.9940 0.0060
Result Accepted

20. Ordinary Resolution 20

Description 
PROPOSED GRANTING OF SIS OPTIONS TO CHIN JET CHOY
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 41 8
No. of Shares 353,689,999 21,278
% of Voted Shares 99.9940 0.0060
Result Accepted

21. Ordinary Resolution 21

Description 
PROPOSED DIVERSIFICATION OF THE EXISTING BUSINESSES OF THE COMPANY AND ITS SUBSIDIARIES ("MINETECH GROUP" OR "GROUP") TO INCLUDE RENEWABLE ENERGY BUSINESS
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 50 5
No. of Shares 564,266,292 13,105
% of Voted Shares 99.9977 0.0023
Result Accepted

22. Ordinary Resolution 22

Description 
PROPOSED DIVERSIFICATION OF THE EXISTING BUSINESSES OF MINETECH GROUP TO INCLUDE OIL AND GAS BUSINESS
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 48 5
No. of Shares 561,088,292 13,105
% of Voted Shares 99.9977 0.0023
Result Accepted

23. Ordinary Resolution 23

Description 
PROPOSED REMOVAL OF ABDUL FARID BIN ABDUL KADIR AS DIRECTOR OF THE COMPANY
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 46 6
No. of Shares 563,317,792 23,105
% of Voted Shares 99.9959 0.0041
Result Accepted

24. Special Resolution 1

Description 
PROPOSED REDUCTION OF THE ISSUED CAPITAL OF MINETECH BY RM90.0 MILLION PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 44 9
No. of Shares 563,305,419 49,978
% of Voted Shares 99.9911 0.0089
Result Accepted

25. Special Resolution 2

Description 
PROPOSED AMENDMENTS TO THE CONSTITUTION OF THE COMPANY
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 47 7
No. of Shares 563,331,742 27,655
% of Voted Shares 99.9951 0.0049
Result Accepted

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