[FAST] EGM on 17-Oct-2023

Stock
[FAST]: FAST ENERGY HOLDINGS BERHAD
Announcement Date
26-Sep-2023
Reference No.
GMA-26092023-00010
Corporate Action ID
MY230926MEET0010
Type
EGM
Date & Time
17-Oct-2023 09:30
Depositor Date
10-Oct-2023
Venue
Broadcast Venue Boardroom, Suite 11.1, Level 11, Menara 1 Dutamas No. 1, Jalan Dutamas 1 50480 Kuala Lumpur
Description
Notice of Extraordinary General Meeting
FEHB - Notice of EGM and Administrative Guides.pdf
Outcome

The Board of Directors of Fast Energy Holdings Berhad ("Fast Energy" or "the Company") is pleased to announce that all the resolutions as set out in the Notice of the Extraordinary General Meeting ("EGM") dated 27September 2023 were duly passed by way of poll using the Remote Participation and Voting (“RPV”) facilities provided byInshub Sdn Bhdin Malaysia at the EGM of the Company held on today, 17 October 2023.

The results of the poll were validated by SharePolls Sdn Bhd, the Independent Scrutineer appointed by the Company.

This announcement is dated 17 October 2023.

Voting Results

1. ORDINARY RESOLUTION 1

Description 
PROPOSED DIVERSIFICATION OF THE EXISTING PRINCIPAL ACTIVITIES OF FEHB AND ITS SUBSIDIARIES ("FEHB GROUP" OR THE "GROUP") TO INCLUDE THE WHOLESALE, DISTRIBUTION AND RETAIL OF CONSUMER ELECTRONIC GOODS ("CONSUMER ELECTRONICS BUSINESS") ("PROPOSED DIVERSIFICATION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 19 13
No. of Shares 57,606,341 12,460,768
% of Voted Shares 82.2160 17.7840
Result Accepted

2. ORDINARY RESOLUTION 2

Description 
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 242,192,937 NEW ORDINARY SHARES IN FEHB ("FEHB SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING FEHB SHARE HELD, TOGETHER WITH UP TO 121,096,468 FREE DETACHABLE WARRANTS IN FEHB ("WARRANT(S) B") ON THE BASIS OF 1 WARRANT B FOR EVERY 2 RIGHTS SHARES SUBSCRIBED FOR, ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED RIGHTS ISSUE WITH WARRANTS")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 17 15
No. of Shares 57,583,319 12,483,790
% of Voted Shares 82.1831 17.8169
Result Accepted

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