[PARLO] EGM on 27-May-2022

Stock
[PARLO]: PARLO BERHAD
Announcement Date
10-May-2022
Reference No.
GMA-10052022-00011
Corporate Action ID
MY220510MEET0009
Type
EGM
Date & Time
27-May-2022 16:30
Depositor Date
19-May-2022
Venue
Fully virtual and entirely via remote participation and electronic,voting via an online meeting platform at https://rebrand.ly/ParloEGM,operated by Mlabs Research Sdn. Bhd.,MY
Description
Extraordinary General Meeting
Parlo_Notice of EGM_Final.pdf
Outcome

The Board of Directors of Parlo Berhad ("Parlo" or "the Company") is pleased to announce that all the resolutions set out in the Notice of the Extraordinary General Meeting ("EGM") dated 11 May 2022 were duly passed by the shareholders of the Company by way of pollviaan online meeting platform at https://rebrand.ly/ParloEGM operated by Mlabs Research Sdn. Bhd. at the EGM held on 27 May 2022.

Details of the results of the polling in respect of all the resolutions at the EGM are set out below.

The results of the poll, which has been verified by the Independent Scrutineer, CSC Securities Services Sdn. Bhd., is attached.

This announcement is dated 27 May 2022.

Voting Results

1. ORDINARY RESOLUTION 1

Description 
PROPOSED DIVERSIFICATION OF THE PRINCIPAL ACTIVITIES OF PARLO AND ITS SUBSIDIARIES TO INCLUDE MEDICAL DEVICE CONSUMABLES AND HOUSEHOLD CARE PRODUCTS BUSINESS ("PROPOSED DIVERSIFICATION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 15 4
No. of Shares 112,718,199 20,004
% of Voted Shares 99.9823 0.0177
Result Accepted

2. ORDINARY RESOLUTION 2

Description 
PROPOSED PRIVATE PLACEMENT OF UP TO 131,049,900 NEW ORDINARY SHARES IN PARLO, REPRESENTING APPROXIMATELY 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF PARLO ("PROPOSED PRIVATE PLACEMENT")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 12 7
No. of Shares 110,568,189 2,170,014
% of Voted Shares 98.0752 1.9248
Result Accepted

3. ORDINARY RESOLUTION 3

Description 
PROPOSED SPECIAL ISSUE OF UP TO 34,186,600 NEW PARLO SHARES TO BUMIPUTERA INVESTORS TO BE IDENTIFIED AND/ OR RECOGNISED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY (PROPOSED SPECIAL ISSUE)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 13 6
No. of Shares 111,818,189 920,014
% of Voted Shares 99.1839 0.8161
Result Accepted

4. ORDINARY RESOLUTION 4

Description 
PROPOSED FREE WARRANTS ISSUE OF UP TO 301,034,835 FREE WARRANTS ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 2 EXISTING SHARES ("PROPOSED FREE WARRANTS ISSUE")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 15 4
No. of Shares 112,718,199 20,004
% of Voted Shares 99.9823 0.0177
Result Accepted

5. ORDINARY RESOLUTION 5

Description 
PROPOSED ESTABLISHMENT OF AN EMPLOYEES SHARE OPTIONS SCHEME INVOLVING UP TO 30% OF THE TOTAL NUMBER OF ISSUED SHARES, AT ANY POINT IN TIME DURING THE DURATION OF THE SCHEME, FOR ELIGIBLE DIRECTORS AND EMPLOYEES OF THE GROUP (EXCLUDING ITS DORMANT SUBSIDIARIES) ("PROPOSED ESOS")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 13 6
No. of Shares 111,818,189 920,014
% of Voted Shares 99.1839 0.8161
Result Accepted

6. ORDINARY RESOLUTIONS 6 TO 10

Description 
PROPOSED GRANTING OF ESOS OPTIONS TO THE DIRECTORS OF PARLO

ORDINARY RESOLUTION 6 - TI LIAN SENG
ORDINARY RESOLUTION 7 - DATUK CHONG LOONG MEN
ORDINARY RESOLUTION 8  - LIM MING CHANG
ORDINARY RESOLUTION 9  - LEOW WEY SENG
ORDINARY RESOLUTION 10  - MD RADZI BIN DIN
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 13 6
No. of Shares 111,818,189 920,014
% of Voted Shares 99.1839 0.8161
Result Accepted

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