[PLS] Extraordinary on 13-Feb-2020

Stock
[PLS]: PLS PLANTATIONS BERHAD
Announcement Date
21-Jan-2020
Type
Extraordinary
Date & Time
13-Feb-2020 11:00
Depositor Date
06-Feb-2020
Venue
Oriental Star, 2nd Floor, EkoCheras Mall, No. 693, Batu 5, Jalan Cheras, 56000 Kuala Lumpur,
Description
Notice of Extraordinary General Meeting
PLS Plantations Berhad - Notice of EGM.pdf
Outcome

On behalf of the Board of Directors of PLS Plantations Berhad (“PLS”), Maybank Investment Bank Berhad and Astramina Advisory Sdn Bhd wish to announce that the resolutions as set out in the Notice of Extraordinary General Meeting (“EGM”) dated 22 January 2020 were duly passed by the shareholders of PLS at the EGM held earlier today.

The voting in respect of the resolutions werecarried out by way of poll and the results were validated by Ms. Tan MeiLing from Agenda Mekar Sdn Bhd, being the independent scrutineer appointed by PLS. Details of the results of the poll are set out below.

This Announcement is dated 13 February 2020.

Voting Results

1. ORDINARY RESOLUTION 1

Description 
PROPOSED ISSUE OF 175,350,000 NEW FREE WARRANTS ("WARRANTS") IN PLS ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) ORDINARY SHARES IN PLS ("PLS SHARES") HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("WARRANTS ENTITLEMENT DATE") ("PROPOSED WARRANTS ISSUE")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 56 0
No. of Shares 297,148,424 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. ORDINARY RESOLUTION 2

Description 
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,052,100,000 NEW REDEEMABLE PREFERENCE SHARES IN PLS ("RPS") AT AN ISSUE PRICE OF RM1.00 PER RPS ON THE BASIS OF TWO (2) RPS FOR EVERY ONE (1) PLS SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("RIGHTS ENTITLEMENT DATE") ("PROPOSED RIGHTS ISSUE")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 56 0
No. of Shares 297,148,424 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. SPECIAL RESOLUTION

Description 
PROPOSED AMENDMENTS TO THE CONSTITUTION OF PLS ("PROPOSED AMENDMENTS")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 55 1
No. of Shares 297,133,424 15,000
% of Voted Shares 99.9950 0.0050
Result Accepted

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