The Board of Directors of Tropicana Corporation Berhad ("the Company") is pleased to announce that at its Extraordinary General Meeting ("EGM") held on 23 June 2023, the shareholders of the Company had approved the resolutionset out in the Notice of EGM dated 8 June 2023.
The resolutionwasvoted by poll and the resultof the poll wasvalidated by Commercial QuestSdn Bhd, the Independent Scruitneer appointed by the Company isset out below.
Voting Results |
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1. Ordinary Resolution |
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Description |
Proposed Capitalisation of the advances amounting to RM180,000,000 owing to a Director of Tropicana Corporation Berhad ("TCB" or the "Company"), namely Tan Sri Dato' Tan Chee Sing ("TSDT") through the issuance of 137,677,833 new ordinary shares in TCB ("Shares" or "TCB Shares") at an issue price of RM1.3074 per share to a company wholly owned by TSDT, namely T Shares 1 Sdn Bhd ("Proposed Capitalisation") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 153 | 28 |
No. of Shares | 51,038,521 | 24,474 |
% of Voted Shares | 99.9521 | 0.0479 |
Result | Accepted | |