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 | |