[CWG] Extraordinary on 25-Jan-2022

Stock
[CWG]: CWG HOLDINGS BERHAD
Announcement Date
07-Jan-2022
Type
Extraordinary
Date & Time
25-Jan-2022 11:00
Depositor Date
19-Jan-2022
Venue
The Light Hotel Lebuh Tenggiri 2, Bandar Seberang Jaya 13700 Seberang Jaya Penang
Description
Notice of Extraordinary General Meeting of CWG Holdings Berhad ("CWG")
CWG - Notice of EGM.pdf
Outcome

The Board of Directors of CWG Holdings Berhad ("CWG" or "the Company") wishes to announce that all the resolutions as set out in the Notice of Extraordinary General Meeting ("EGM") of the Company were duly passed by the shareholders by way of poll.

The results of the poll were validated by Scrutineer Solutions Sdn. Bhd., the independent scrutineers appointed by the Company.

This announcement is dated 25 January 2022.

Voting Results

1. Ordinary Resolution 1

Description 
PROPOSED PRIVATE PLACEMENT WHICH INVOLVES THE ISSUANCE OF UP TO 37,887,030 NEW ORDINARY SHARES IN CWG ("CWG SHARE(S)" OR "SHARE(S)") ("PLACEMENT SHARE(S)") REPRESENTING APPROXIMATELY 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF CWG (EXCLUDING TREASURY SHARES) ("PROPOSED PRIVATE PLACEMENT")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 18 0
No. of Shares 68,795,390 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description 
PROPOSED BONUS ISSUE OF UP TO 82,088,566 BONUS WARRANTS IN CWG ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 2 EXISTING CWG SHARES HELD ON AN ENTITLEMENT DATE, WHICH WILL BE DETERMINED LATER ("WARRANTS ENTITLEMENT DATE") ("PROPOSED BONUS ISSUE OF WARRANTS")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 18 0
No. of Shares 68,795,390 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Ordinary Resolution 3

Description 
PROPOSED ESTABLISHMENT OF THE COMPANY'S EMPLOYEE SHARE OPTIONS SCHEME ("ESOS") OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF CWG (EXCLUDING TREASURY SHARES) AT ANY POINT IN TIME OVER THE DURATION OF THE ESOS, FOR ELIGIBLE PERSONS ("PROPOSED ESOS")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 17 1
No. of Shares 68,588,890 206,500
% of Voted Shares 99.6998 0.3002
Result Accepted

4. Ordinary Resolution 4

Description 
PROPOSED ALLOCATION OF ESOS OPTIONS TO OOI CHIN SOON
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 17 1
No. of Shares 68,588,890 206,500
% of Voted Shares 99.6998 0.3002
Result Accepted

5. Ordinary Resolution 5

Description 
PROPOSED ALLOCATION OF ESOS OPTIONS TO TAN HING MING @ CHIN HING MING
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 17 1
No. of Shares 68,588,890 206,500
% of Voted Shares 99.6998 0.3002
Result Accepted

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