[ONEGLOVE] EGM on 18-Jul-2022

Stock
[ONEGLOVE]: ONE GLOVE GROUP BERHAD
Announcement Date
21-Jun-2022
Reference No.
GMA-21062022-00015
Corporate Action ID
MY220621MEET0014
Type
EGM
Date & Time
18-Jul-2022 15:00
Depositor Date
08-Jul-2022
Venue
To be held on a virtual basis hosted on,Securities Services e-Portal at https://sshsb.net.my/,at Level 7, Menara Milenium, Jalan Damanlela,,Pusat Bandar Damansara, Damansara Heights, 50490 Kuala Lumpur,MY
Description
Gets Global Berhad ("GETS" or "the Company") - Extraordinary General Meeting ("EGM") The EGM of the Company will be held on a virtual basis via remote participation through live stream and online voting
Gets Global EGM - notice.pdf
Outcome

The Board of Directors of GETS GlobalBerhad ("the Company") wishes to announce that the resolutions tabled at the Extraordinary General Meeting ("EGM") of the Company held today as per the Notice of the EGM of the Company dated 22 June 2022were all approved by the shareholders.

The voting in respect of the resolutions was carried out by way of a poll and the results of the poll were validated by Commercial Quest Sdn Bhd, the Independent Scrutineer appointed by the Company.

Details of the result of the poll in respect of the resolutions tabled at the EGM of the Company are set out below.

This announcement is dated 18 July2022.

Voting Results

1. Special Resolution 1

Description 
Proposed amendments to the Constitution of GETS to facilitate the issuance of 102,708,314 new Irredeemable Convertible Preference Shares in GETS as the purchase consideration for the Proposed Acquisition.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 59 2
No. of Shares 78,349,132 101
% of Voted Shares 99.9999 0.0001
Result Accepted

2. Special Resolution 2

Description 
Proposed change of name of the Company from "Gets Global Berhad" to "One Glove Group Berhad".
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 61 2
No. of Shares 236,506,773 101
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Ordinary Resolution 1

Description 
Proposed acquisition of 1,900,000 Ordinary Shares in One Glove Venture Sdn. Bhd. (formerly known as Great Stylish Venture Sdn. Bhd.) ("OGVSB"), representing 38% equity interest in OGVSB, from BT Capital Sdn. Bhd. for a purchase consideration of RM89,356,233 to be satisfied via the issuance of 102,708,314 new Irredeemable Convertible Preference Shares in GETS ("Consideration ICPS") at an issue price of RM0.87 per Consideration ICPS ("Proposed Acquisition").
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 59 2
No. of Shares 78,349,132 101
% of Voted Shares 99.9999 0.0001
Result Accepted

4. Ordinary Resolution 2

Description 
Proposed establishment of an Employees' Share Option Scheme ("ESOS") of up to 10% of the total number of issued shares of GETS (excluding treasury shares, if any) at any point in time over the duration of the ESOS for eligible persons.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 61 2
No. of Shares 236,506,773 101
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Ordinary Resolution 3

Description 
Proposed allocation of ESOS options to Datuk Che Azizuddin bin Che Ismail.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 58 3
No. of Shares 229,015,669 105
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Ordinary Resolution 4

Description 
Proposed allocation of ESOS options to Mr. Low Bok Tek.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 58 3
No. of Shares 78,349,128 105
% of Voted Shares 99.9999 0.0001
Result Accepted

7. Ordinary Resolution 5

Description 
Proposed allocation of ESOS options to Mr. Dominic Aw Kian-Wee.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 60 3
No. of Shares 236,506,769 105
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Ordinary Resolution 6

Description 
Proposed allocation of ESOS options to Dr. Liew Lai Lai.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 60 3
No. of Shares 236,506,769 105
% of Voted Shares 100.0000 0.0000
Result Accepted

9. Ordinary Resolution 7

Description 
Proposed allocation of ESOS options to Mr. Lim Chong Eng.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 60 3
No. of Shares 236,506,769 105
% of Voted Shares 100.0000 0.0000
Result Accepted

10. Ordinary Resolution 8

Description 
Proposed allocation of ESOS options to Dato' Asmuni bin Sudin.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 59 3
No. of Shares 236,286,769 105
% of Voted Shares 100.0000 0.0000
Result Accepted

11. Ordinary Resolution 9

Description 
Proposed allocation of ESOS options to Ms. Low Siew Hoon.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 59 3
No. of Shares 108,505,569 105
% of Voted Shares 99.9999 0.0001
Result Accepted

12. Ordinary Resolution 10

Description 
Proposed allocation of ESOS options to Mr. Low Khai Loon.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 58 3
No. of Shares 108,469,169 105
% of Voted Shares 99.9999 0.0001
Result Accepted

13. Ordinary Resolution 11

Description 
Proposed allocation of ESOS options to Mr. Low Khai Jei.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 59 3
No. of Shares 108,505,569 105
% of Voted Shares 99.9999 0.0001
Result Accepted

14. Ordinary Resolution 12

Description 
Proposed allocation of ESOS options to Mr. Teong Lian Aik.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 58 3
No. of Shares 78,349,128 105
% of Voted Shares 99.9999 0.0001
Result Accepted

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