[SCIB] Extraordinary on 17-Nov-2020

Stock
[SCIB]: SARAWAK CONSOLIDATED IND BHD
Announcement Date
28-Oct-2020
Type
Extraordinary
Date & Time
17-Nov-2020 14:00
Depositor Date
10-Nov-2020
Venue
Broadcast Venue Tricor Business Centre, Manuka 2 & 3 Meeting Room, Unit 29-01, Level 29, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur
Description
Extraordinary General Meeting to be conducted entirely through live streaming from the broadcast venue using the Remote Participation and Voting facilities provided by Tricor Investor & Issuing House Services Sdn Bhd via TIIH Online website
Sarawak Consolidated - EGM (Final).pdf
Outcome

The Board of Directors of Sarawak Consolidated Industries Berhad (“SCIB” or the “Company”) is pleased to announce that all ordinary resolutions as set out in the Notice of the Extraordinary General Meeting ("EGM")of the Company dated 30 October2020 wereduly passed by the shareholders of the Companyat the EGM held today.

The voting in respect of the resolutions wascarried out by way of a poll via Remote Participation and Voting facilities and the results werevalidated by Ms. Ong Wai Leng, the independent Scrutineer appointed by the Company.


This announcement is dated 17November 2020.

Voting Results

1. ORDINARY RESOLUTION 1

Description 
PROPOSED BONUS ISSUE OF 367,897,500 NEW ORDINARY SHARES IN SCIB ("SCIB SHARE(S)" OR "SHARE(S)") ("BONUS SHARE(S)") ON THE BASIS OF 3 BONUS SHARES FOR EVERY 1 EXISTING SCIB SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER BY THE BOARD ("BONUS ENTITLEMENT DATE") ("PROPOSED BONUS ISSUE OF SHARES")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 108 0
No. of Shares 50,006,674 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. ORDINARY RESOLUTION 2

Description 
PROPOSED ISSUANCE OF 245,265,000 FREE WARRANTS IN SCIB ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 2 SCIB SHARES HELD ON AN ENTITLEMENT DATE, WHICH IS AFTER THE BONUS ENTITLEMENT DATE, TO BE DETERMINED AND ANNOUNCED LATER BY THE BOARD ("WARRANTS ENTITLEMENT DATE") ("PROPOSED ISSUE OF FREE WARRANTS")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 108 0
No. of Shares 50,006,674 0
% of Voted Shares 100.0000 0.0000
Result Accepted

Remark
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