The Board of Directors of YB Ventures Berhad ("YBVB" or "the Company") is pleased to announce that resolution set out in the Notice of the Extraordinary General Meeting ("EGM") dated 22 April 2022 was passed by the shareholders of the Company voted by poll using Online Meeting Platform of Vote2U Online operated by Agmo Digital Solutions Sdn. Bhd. in Malaysia via the link at https://web.vote2u.my at the EGM held on 20 May 2022.
The results of the poll were validated by Aegis Communication Sdn. Bhd., an independent Scrutineer appointed by the Company.
This announcement is dated 20 May 2022.
Voting Results |
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1. Ordinary Resolution |
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Description |
PROPOSED BONUS ISSUE OF UP TO 749,319,778 FREE WARRANTS IN YBVB ("WARRANTS") ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES IN YBVB ("YBVB SHARES") HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE OF WARRANTS") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 37 | 4 |
No. of Shares | 105,928,997 | 285 |
% of Voted Shares | 99.9997 | 0.0003 |
Result | Accepted | |