The Board of Directors of Pacific & Orient Berhad ("P&O" or "Company") wishes to announce thatat the Extraordinary General Meeting ("EGM") of P&O held on Friday, 11March 2022, the shareholders of P&O hadapproved the Ordinary Resolutionas set out in the Notice of EGM by way of poll.
The results of the poll were duly validated by Cygnus Technology Solutions Sdn Bhd, the Independent Scrutineer appointed by the Company.
This announcement is dated 11March 2022.
Voting Results |
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1. ORDINARY RESOLUTION |
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Description |
RATIFICATION OF THE DISPOSAL BY PACIFIC & ORIENT DISTRIBUTION SDN BHD ("POD"), A WHOLLY-OWNED SUBSIDIARY OF P&O, OF ITS ENTIRE EQUITY INTEREST IN HIRINGBOSS HOLDINGS PTE LTD TO ACCESS UK LIMITED, FOR A CASH CONSIDERATION OF USD19,834,646 (EQUIVALENT TO APPROXIMATELY RM82,611,301) ("DISPOSAL") ("RATIFICATION") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 76 | 4 |
No. of Shares | 170,157,885 | 1,130,012 |
% of Voted Shares | 99.3403 | 0.6597 |
Result | Accepted | |