[PMCORP] EGM on 25-Mar-2024

Stock
[PMCORP]: PAN MALAYSIA CORPORATION BHD
Announcement Date
04-Mar-2024
Reference No.
GMA-01032024-00002
Corporate Action ID
MY240301MEET0002
Type
EGM
Date & Time
25-Mar-2024 15:00
Depositor Date
15-Mar-2024
Venue
Broadcast Venue at Corus 1, Level 1, Corus Hotel Kuala Lumpur, Jalan Ampang, 50450 Kuala Lumpur,
Description
Pan Malaysia Corporation Berhad ("PMC" or "the Company ") Notice of Extraordinary General Meeting ("EGM")
PMC_Notice of EGM with Administrative Guide.pdf
Outcome

The Company wishes to announce that at its ExtraordinaryGeneral Meeting ("EGM") held on 25 March 2024, the shareholders of the Company had approved all the resolutions as set out in the Notice of the EGM dated 5 March 2024.


The voting in respect of the resolutions was carried out by way of a poll and the results were validated by Messrs H. H. Fong & Co., the Independent Scrutineer appointed by the Company. Details of the said results are set out below.

This announcement is dated 25 March2024.

Voting Results

1. Ordinary Resolution 1

Description 
Proposed disposal of 85% equity interest in Network Foods International Ltd and its subsidiaries excluding Network Foods (Hong Kong) Ltd by PMRI Investments (Singapore) Pte Ltd, a wholly-owned indirect subsidiary of PMC to Wah Kong Corporation Sdn Bhd for a disposal consideration of RM24,220,929 to be satisfied entirely in cash
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 136 19
No. of Shares 471,085,136 3,792
% of Voted Shares 99.9992 0.0008
Result Accepted

2. Ordinary Resolution 2

Description 
Proposed acquisition of the remaining 49% equity interest in A & W (Malaysia) Sdn Bhd for a purchase consideration of RM69,454,595 which is to be satisfied via a combination of cash payment of RM41,672,757.00 and the issuance of 111,127,352 new ordinary shares in PMC at an issue price of RM0.25 per consideration share
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 135 20
No. of Shares 471,075,136 13,792
% of Voted Shares 99.9971 0.0029
Result Accepted

3. Ordinary Resolution 3

Description 
Proposed diversification of the existing business of PMC and its subsidiaries to include the undertaking and provision of food and beverage services and related activities
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 135 20
No. of Shares 471,075,136 13,792
% of Voted Shares 99.9971 0.0029
Result Accepted

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