[HLT] EGM on 30-May-2024

Stock
[HLT]: HLT GLOBAL BERHAD
Announcement Date
14-May-2024
Reference No.
GMA-13052024-00003
Corporate Action ID
MY240513MEET0003
Type
EGM
Date & Time
30-May-2024 11:30
Depositor Date
23-May-2024
Venue
Langkawi Room, Second Floor, Bukit Jalil Golf & Country Resort, Jalan Jalil Perkasa 3, Bukit Jalil 57000 Kuala Lumpur
Description
HLT GLOBAL BERHAD ("HLT") - NOTICE OF EXTRAORDINARY GENERAL MEETING ("EGM")
HLT Global (EGM)(15.5.2024).pdf
Outcome

The Board of Directors of HLT Global Berhad ("the Company") is pleased to announce that the resolutions as prescribed in the Notice of Extraordinary General Meeting ("EGM") of the Company dated 15 May 2024wereduly passed by the shareholders of the Companyat the EGM of the Company.

All the resolutions were voted by poll and the results of the poll were validated by Commercial Quest Sdn. Bhd., the independent scrutineer appointed by the Company. Please refer to the attachment for the details of the outcome.

This announcement is dated 30 May 2024.

Voting Results

1. Ordinary Resolution 1

Description 
PROPOSED ACQUISITION BY HLT OF 600,000 ORDINARY SHARES IN TRIPLE CARE GLOVES SDN BHD ("TRIPLE CARE") ("SALE SHARES"), REPRESENTING THE REMAINING 20% EQUITY INTEREST IN TRIPLE CARE NOT OWNED BY HLT, FROM SNICOM SDN BHD, CWK & MOUNT SING SDN BHD, ALCOR CORPORATION (M) SDN BHD AND LORDTECH SPECIALTY SDN BHD (COLLECTIVELY, THE "VENDORS") FOR A TOTAL PURCHASE CONSIDERATION OF RM0.6 MILLION TO BE FULLY SATISFIED VIA THE ISSUANCE OF 2,605,297 NEW ORDINARY SHARES IN HLT ("HLT SHARES" OR "SHARES") AT AN ISSUE PRICE OF RM0.2303 EACH ("PROPOSED ACQUISITION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 14 0
No. of Shares 417,581,502 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description 
PROPOSED SETTLEMENT BY HLT OF ALL EXISTING SHAREHOLDERS ADVANCES FROM THE VENDORS TO TRIPLE CARE TOTALLING RM7.6 MILLION VIA THE ISSUANCE OF 33,000,434 NEW SHARES AT AN ISSUE PRICE OF RM0.2303 EACH ("PROPOSED CAPITALISATION OF SHAREHOLDERS' ADVANCES")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 14 0
No. of Shares 417,581,502 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Ordinary Resolution 3

Description 
PROPOSED SETTLEMENT BY HLT OF THE IDENTIFIED AMOUNT OWING BY THE HLT GROUP OF COMPANIES TO HASIL ANEKA SDN BHD, UNBROS CONSTRUCTION SDN BHD, BRAZER ENGINEERING SDN BHD AND HALLMARK PORCELAIN SDN BHD (COLLECTIVELY, THE "IDENTIFIED CREDITORS") TOTALLING RM6.4 MILLION VIA THE ISSUANCE OF 27,806,062 NEW SHARES AT AN ISSUE PRICE OF RM0.2303 EACH ("PROPOSED SETTLEMENT OF IDENTIFIED CREDITORS")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 14 0
No. of Shares 417,581,502 0
% of Voted Shares 100.0000 0.0000
Result Accepted

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