[MMAG] EGM on 15-Jun-2022

Stock
[MMAG]: MMAG HOLDINGS BERHAD
Announcement Date
27-May-2022
Reference No.
GMA-26052022-00018
Corporate Action ID
MY220526MEET0017
Type
EGM
Date & Time
15-Jun-2022 10:30
Depositor Date
09-Jun-2022
Venue
Greens III, Sports Wing, Jalan Kelab Tropicana,Tropicana Golf & Country Resort,47410 Petaling Jaya,Selangor Darul Ehsan,MY
Description
MMAG HOLDINGS BERHAD ('MMAG' or 'COMPANY') EXTRAORDINARY GENERAL MEETING
Notice of EGM.pdf
Outcome

The Board of Directors of MMAG Holdings Berhad ("the Company") wishes to announce that the resolutions set out in the Notice of Extraordinary General Meeting ("EGM") dated 30 May 2022 were duly passed by way of poll at the EGM of the Company held on 15 June 2022.
The poll results were validated by Mega Business Consultancy Division, an independent scrutineer appointed by the Company.
This announcement is dated 15 June 2022.

Voting Results

1. Ordinary Resolution 1

Description 
Proposed Settlement of Amount Owing to Fantastic Pace Sdn. Bhd. ("FPSB") of RM11,200,000.00 To Be Fully Satisfied via Issuance of 183,606,557 New Ordinary Shares in MMAG ("MMAG Shares") at an Issue Price of RM0.0610 Each ("Proposed Debt Settlement to Creditor (FPSB)")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 11 1
No. of Shares 276,196,200 10,000
% of Voted Shares 99.9964 0.0036
Result Accepted

2. Ordinary Resolution 2

Description 
Proposed Settlement of Amount Owing to Sensepace Sdn. Bhd. ("SSB") of RM3,400,000.00 To Be Fully Satisfied via Issuance of 55,737,704 New MMAG Shares at an Issue Price of RM0.0610 Each ("Proposed Debt Settlement to Creditor (SSB)")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 11 1
No. of Shares 276,196,200 10,000
% of Voted Shares 99.9964 0.0036
Result Accepted

3. Ordinary Resolution 3

Description 
Proposed Settlement of Amount Owing to Cahaya Infra Sdn. Bhd. ("CISB") of RM2,203,456.71 To Be Fully Satisfied via Issuance of 36,122,241 New MMAG Shares at an Issue Price of RM0.0610 Each ("Proposed Debt Settlement to Creditor (CISB)")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 11 1
No. of Shares 276,196,200 10,000
% of Voted Shares 99.9964 0.0036
Result Accepted

4. Ordinary Resolution 4

Description 
Proposed Settlement of Amount Owing to Ng Them Seang (NTS) of RM6,000,000.00 To Be Fully Satisfied via Issuance of 98,360,655 New MMAG Shares at an Issue Price of RM0.0610 Each ("Proposed Debt Settlement to Creditor (NTS)")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 11 1
No. of Shares 276,196,200 10,000
% of Voted Shares 99.9964 0.0036
Result Accepted

5. Ordinary Resolution 5

Description 
Proposed Settlement of Amount Owing to Kenny Khow Chuan Wah (an Executive Director of the Company) of RM950,000.00 To Be Fully Satisfied via Issuance of 15,573,770 New MMAG Shares at an Issue Price of RM0.0610 Each ("Proposed Debt Settlement to Director")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 10 2
No. of Shares 276,166,900 39,300
% of Voted Shares 99.9858 0.0142
Result Accepted

6. Ordinary Resolution 6

Description 
Proposed Private Placement of Up to 765,665,400 New MMAG Shares ("Placement Shares"), Representing Up to 40% of MMAG Shares in Issue (Excluding Treasury Shares, if Any) ("Proposed 40% Private Placement")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 11 1
No. of Shares 276,196,200 10,000
% of Voted Shares 99.9964 0.0036
Result Accepted

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