[ONEGLOVE] EGM on 02-Sep-2024

Stock
[ONEGLOVE]: ONE GLOVE GROUP BERHAD
Announcement Date
08-Aug-2024
Reference No.
GMA-08082024-00006
Corporate Action ID
MY240808MEET0006
Type
EGM
Date & Time
02-Sep-2024 11:30
Depositor Date
26-Aug-2024
Venue
To be held on a virtual basis hosted on Securities Services e-Portal at https://sshsb.net.my/ at the broadcast venue at the Meeting Room of Securities Services (Holdings) Sdn. Bhd., Level 7, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Damansara Heights, 50490 KL
Description
One Glove Group Berhad - Extraordinary General Meeting ("EGM") The EGM of the Company will be held on a virtual basis hosted on Securities Services e-Portal at htpps://sshsb.net.my/.
One Glove - Notice of EGM.pdf
Outcome
The Board of Directors of One Glove Group Berhad ("the Company") wishes to announce that all the resolutions tabled at the Extraordinary General Meeting ("EGM") of the Company held today as per the Notice of the EGM of the Company dated 9 August 2024 were approved by the shareholders.

The voting in respect of the resolutions was carried out by way of a poll and the results of the poll were validated by Commercial Quest Sdn. Bhd., the independent scrutineer appointed by the Company.

Details of the result of the poll in respect of the resolution tabled at the EGM of the Company is set out below.

This announcement is dated 2 September 2024.

Voting Results

1. Special Resolution

Description 
Proposed Amendments to the Constitution of One Glove to facilitate the issuance of new 191,000,000 Redeemable Convertible Preference Shares in One Glove ("RCPS") under the Proposed Debt Settlement ("Proposed Amendments")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 51 1
No. of Shares 224,487,271 1
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution

Description 
Proposed Settlement of Debts Owing to ADA Capital Investments Limited, the major shareholder of One Glove, amounting to RM45,840,000 via the issuance of 191,000,000 RCPS at the issue price of RM0.24 per RCPS ("Proposed Debt Settlement")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 51 1
No. of Shares 224,487,271 1
% of Voted Shares 100.0000 0.0000
Result Accepted

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