[HEXIND] EGM on 12-Oct-2022

Stock
[HEXIND]: HEXTAR INDUSTRIES BERHAD
Announcement Date
26-Sep-2022
Reference No.
GMA-23092022-00004
Corporate Action ID
MY220923MEET0004
Type
EGM
Date & Time
12-Oct-2022 15:00
Depositor Date
05-Oct-2022
Venue
Broadcast Venue at No. 64, Jalan Bayu Laut 4/KS09,,Kota Bayuemas,,41200 Klang, Selangor,MY
Description
HEXTAR INDUSTRIES BERHAD ("HIB" or "the Company") - Notice of Extraordinary General Meeting
Notice of EGM and Admin Guide.pdf
Outcome

The Board of Directors of Hextar IndustriesBerhad ("Company") is pleased to announce that the resolutionas prescribed in the Notice of Extraordinary General Meeting ("EGM") of the Company dated 27September2022was duly passed by the shareholders of the Company by way of poll via remote participation and voting at the EGM of the Company.

The result of the poll werevalidated by Scrutineer SolutionsSdnBhd, the independent scrutineer appointed by the Company.

The details of the result of the poll are set out below.

This announcement is dated 12October2022.

Voting Results

1. Ordinary Resolution 1

Description 
PROPOSED ACQUISITION BY HIB FROM HEXTAR HOLDINGS SDN BHD ("HHSB") OF 100% EQUITY INTEREST IN HEXTAR FERTILIZERS LIMITED ("HFL") A TOTAL PURCHASE CONSIDERATION OF RM480,000,000 TO BE SATISFIED VIA THE ISSUANCE AND ALLOTMENT OF 1,600,000,000 NEW ORDINARY SHARES IN HIB ("CONSIDERATION SHARES") AT AN ISSUE PRICE OF RM0.30 PER CONSIDERATION SHARE ("PROPOSED ACQUISITION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 66 5
No. of Shares 218,448,893 1,032
% of Voted Shares 99.9995 0.0005
Result Accepted

Remark
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