The Board of Directors of Yong Tai Berhad ("the Company") is pleased to announce that all the resolutions as set out in the Notice of Extraordinary General Meeting ("EGM") of the Company dated 30 June 2022 were approved by the Shareholders by way of poll at the EGM of the Company held on Friday, 15 July 2022 at 10.30 a.m.
The results of the poll werevalidated by Acclime Corporate Services Sdn Bhd, the independent scrutineer appointed by the Company.
The poll result is attached herewith.
This announcement is dated 15 July 2022.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
To approve the consolidation of every 5 existing Ordinary Shares in YTB ("YTB Share(s)" or "Share(s)") into 1 YTB Share ("Consolidated Share(s)") held by the entitled shareholders on an entitlement date to be determined and announced later ("Proposed Share Consolidation") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 107 | 8 |
No. of Shares | 372,344,632 | 112,305 |
% of Voted Shares | 99.9698 | 0.0302 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
To approve the bonus issue of up to 103,098,378 free warrants in YTB ("warrant(s)") on the basis of 1 warrant for every 4 consolidated shares held by entitled shareholders on an entitlement date to be determined and announced later ("Proposed Bonus Issue of Warrants") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 107 | 8 |
No. of Shares | 372,344,632 | 112,305 |
% of Voted Shares | 99.9698 | 0.0302 |
Result | Accepted | |
3. Ordinary Resolution 3 |
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Description |
To approve the settlement of an aggregate amount of RM46,000,000 debt owing to creditors ("creditor(s)") by the Company and/or its subsidiaries ("YTB group"), via the issuance of 92,000,000 new YTB shares ("Proposed Creditors Settlement") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 108 | 7 |
No. of Shares | 372,344,732 | 112,205 |
% of Voted Shares | 99.9699 | 0.0301 |
Result | Accepted | |