[SYSTECH] EGM on 10-Apr-2023

Stock
[SYSTECH]: SYSTECH BHD
Announcement Date
23-Mar-2023
Reference No.
GMA-23032023-00002
Corporate Action ID
MY230323MEET0002
Type
EGM
Date & Time
10-Apr-2023 10:00
Depositor Date
03-Apr-2023
Venue
Fully virtual basis via online meeting platform:,https://meeting.boardroomlimited.my,(Domain Registration No. with MYNIC - D6A357657),MY
Description
NOTICE OF EXTRAORDINARY GENERAL MEETING OF SYSTECH BHD ("SYSTECH" OR THE "COMPANY) - PROPOSED ACQUISITION; AND - PROPOSED DISPOSAL
Systech - Notice of EGM_Admin Guide_Proxy Form.pdf
Outcome

The Board of Directors ofSystech Berhad ("Systech" or "the Company") wishes to announce that all theresolutions set out in the Notice of the Extraordinary General Meeting ("EGM") of the Company dated 24 March2023 were duly passed at the EGM of the Company.

All the resolutions were voted by poll and the results of the poll were validated by Sky Corporate ServicesSdn Bhd, the Independent Scrutineer appointed by the Company.

Please refer to below for details of the poll results.

This announcement is dated 10 April 2023.

Voting Results

1. ORDINARY RESOLUTION 1

Description 
PROPOSED ACQUISITION OF 240,000 ORDINARY SHARES IN TALENTCLOUD AI SDN BHD ("TCAI") ("TCAI SALE SHARES"), REPRESENTING 80.0% EQUITY INTEREST IN TCAI, FOR A TOTAL CASH CONSIDERATION OF RM14,400,000 ("PURCHASE CONSIDERATION") ("PROPOSED ACQUISITION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 48 8
No. of Shares 182,950,782 165,701
% of Voted Shares 99.9095 0.0905
Result Accepted

2. ORDINARY RESOLUTION 2

Description 
PROPOSED DISPOSAL OF THE COMPANY'S ENTIRE EQUITY INTERESTS IN SYSCATECH SDN BHD ("SYSCATECH"), MOBYSYS SDN BHD ("MOBYSYS"), TECHCASYS SDN BHD ("TECHCASYS"), SYSCATECH INC., AND SYSCODE SDN BHD ("SYSCODE") (COLLECTIVELY, REFERRED TO AS "E-BUSINESS SUBSIDIARIES") FOR A TOTAL CASH CONSIDERATION OF RM6,604,605 ("DISPOSAL CONSIDERATION") ("PROPOSED DISPOSAL")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 48 8
No. of Shares 182,950,782 165,701
% of Voted Shares 99.9095 0.0905
Result Accepted

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2024-04-25

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