The Board of Directors of G Neptune Berhad ("the Company") wishes to announce that all the resolutions as set out in the Notice of the Extraordinary General Meeting ("EGM") dated 22 August 2022and tabled at the EGM of the Company held earlier todaywere duly passed by the shareholders of the Company.
The resolutions were voted by way of poll and the results were validated by Boardroom Share Registrars Sdn. Bhd., the independent scrutineer appointed by the Company.
This announcement is dated 13 September 2022.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
Proposed consolidation of every 10 existing ordinary shares in GNB ("GNB Share") into 1 GNB Share ("Proposed Share Consolidation") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 30 | 1 |
No. of Shares | 41,303,900 | 1,000,000 |
% of Voted Shares | 97.6362 | 2.3638 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
Proposed acquisition of 100% equity interest in Southern Score Sdn Bhd for a purchase consideration of RM252,000,000 to be satisfied via the issuance of 1,680,000,000 new GNB Shares at an issue price of RM0.15 per GNB Share ("Proposed Acquisition") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 31 | 0 |
No. of Shares | 42,303,900 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
3. Ordinary Resolution 3 |
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Description |
Proposed settlement of debt owing to a director of GNB of RM3,100,000 via the issuance of 20,666,667 new GNB Shares at an issue price of RM0.15 per GNB Share ("Proposed Debt Settlement") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 31 | 0 |
No. of Shares | 42,303,900 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
4. Ordinary Resolution 4 |
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Description |
Proposed private placement of 543,047,900 GNB Shares at an issue price to be determined later, which shall not be less than RM0.20 per new GNB Share to eligible investors to be identified later ("Proposed Private Placement") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 31 | 0 |
No. of Shares | 42,303,900 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
5. Ordinary Resolution 5 |
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Description |
Proposed exemption under Paragraph 4.08(1)(a) of the Rules on Take-Overs, Mergers and Compulsory Acquisitions from the obligation to undertake a mandatory take-over offer for the remaining GNB Shares not already held by Super Advantage Property Sdn Bhd and the persons acting in concert with it pursuant to the Proposed Acquisition ("Proposed Exemption") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 31 | 0 |
No. of Shares | 42,303,900 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
6. Special Resolution 1 |
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Description |
Proposed change of name of the Company from G Neptune Berhad to Southern Score Builders Berhad ("Proposed Change of Name") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 34 | 0 |
No. of Shares | 55,603,900 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |