The Board of Directors of Radiant Globaltech Berhad ("Radiant Globaltech" or "the Company") wishes to announce thatthe resolutions as prescribed in the Notice of Extraordinary General Meeting ("EGM") of the Company dated 8 October 2020were duly passed by the shareholders of the Company by way of poll via remote participation and voting at the EGM of the Company.
The result of the poll was validated by Asia Securities Sdn. Bhd., the independent scrutineer appointed by the Company.
Please refer to the attachment for the details of the outcome.
This announcement is dated 23October2020.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
Proposed acquisition of 80% equity interest in Grand-Flo Spritvest Sdn. Bhd. ("GF Spritvest"), comprising 800,000 ordinary shares in GF Spritvest currently held by Grand-Flo Berhad, for a total cash consideration of RM11,600,000 ("Proposed Acquisition") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 27 | 0 |
No. of Shares | 365,274,500 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
Proposed variation to the utilisation of proceeds of RM11,480,000 raised from Radiant Globaltech's Initial Public Offering which was completed on 24 July 2018 to part-finance the Proposed Acquisition |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 27 | 0 |
No. of Shares | 365,274,500 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |