[HIBISCS] EGM on 01-Dec-2022

Stock
[HIBISCS]: HIBISCUS PETROLEUM BHD
Announcement Date
28-Oct-2022
Reference No.
GMA-25102022-00017
Corporate Action ID
MY221025MEET0017
Type
EGM
Date & Time
01-Dec-2022 11:00
Depositor Date
23-Nov-2022
Venue
Broadcast Venue:,Tricor Business Centre, Gemilang Room,Unit 29-01, Level 29, Tower A, Vertical Business Suite,Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur,MY
Description
HIBISCUS PETROLEUM BERHAD ("COMPANY") - Notice of Extraordinary General Meeting
Hibiscus Petroleum - Notice of EGM.pdf
Outcome

The Board of Directors ofHibiscus PetroleumBerhad ("Hibiscus Petroleum" or "the Company") wishes to announce that the shareholders of the Company have approved all the resolutions as set out in the Notice of ExtraordinaryGeneral Meeting ("EGM") dated 31 October 2022at theEGM held on Thursday, 1 December 2022.

All the resolutions put to the EGM werevoted by way of a poll via Remote Participation and Voting facilities. The results of the poll werevalidated by Deloitte Business AdvisorySdn. Bhd., the Independent Scrutineer appointed by the Company.

Please refer to the attachment for the details of the poll results.

This announcement is dated 1December 2022.

Voting Results

1. ORDINARY RESOLUTION

Description 
PROPOSED AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY ("PROPOSED SHARE BUY-BACK")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 364 50
No. of Shares 970,343,273 313,595
% of Voted Shares 99.9677 0.0323
Result Accepted

2. SPECIAL RESOLUTION

Description 
PROPOSED REDUCTION OF THE ISSUED SHARE CAPITAL OF THE COMPANY OF RM800 MILLION PURSUANT TO SECTION 117 OF THE COMPANIES ACT, 2016 ("PROPOSED CAPITAL REDUCTION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 351 62
No. of Shares 970,433,596 223,172
% of Voted Shares 99.9770 0.0230
Result Accepted

Remark
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