[KHEESAN] EGM on 21-Oct-2024

Stock
[KHEESAN]: KHEE SAN BHD
Announcement Date
12-Sep-2024
Reference No.
GMA-12092024-00003
Corporate Action ID
MY240912MEET0003
Type
EGM
Date & Time
21-Oct-2024 10:00
Depositor Date
14-Oct-2024
Venue
Banquet Hall, Royal Lake Club Kuala Lumpur, Taman Tasek Perdana, Jalan Cenderamulia, Off Jalan Parlimen, 50480 Kuala Lumpur
Description
Extraordinary General Meeting
Khee San Berhad - Notice of EGM.pdf
Outcome

The Board of Directors of Khee San Berhad (“the Company”) is pleased to announce that all theresolutionsas set out in the Notice of Extraordinary General Meeting ("EGM") dated 13 September 2024 were duly passed at the EGM held on 21 October 2024.

The resolutions were decided by way of poll voting at the EGM. The results of the poll werevalidated by Scrutineer Solutions Sdn Bhd, the Independent Scrutineers appointed by the Companyare as per attachment.

This announcement is dated 21 October 2024.

Voting Results

1. Special Resolution 1

Description 
PROPOSED REDUCTION OF ISSUED SHARE CAPITAL OF KHEE SAN BERHAD ("KSB") PURSUANT TO SECTION 117 OF THE COMPANIES ACT 2016 ("PROPOSED SHARE CAPITAL REDUCTION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 60 7
No. of Shares 54,395,145 1,521
% of Voted Shares 99.9972 0.0028
Result Accepted

2. Special Resolution 2

Description 
PROPOSED AMENDMENT TO THE COMPANY'S EXISTING CONSTITUTION TO FACILITATE THE PROPOSED ESS ("PROPOSED AMENDMENT")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 62 5
No. of Shares 54,395,265 1,401
% of Voted Shares 99.9974 0.0026
Result Accepted

3. Ordinary Resolution 1

Description 
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 960,960,000 NEW ORDINARY SHARES IN KSB ("SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF 7 NEW SHARES FOR EVERY 1 EXISTING SHARE IN KSB HELD, AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE ("RIGHTS ISSUE PRICE") TOGETHER WITH UP TO 549,120,000 FREE DETACHABLE WARRANTS ("WARRANT(S)") ON THE BASIS OF 4 WARRANTS FOR EVERY 7 RIGHTS SHARES SUBSCRIBED FOR, AT AN EXERCISE PRICE OF RM0.10 ("EXERCISE PRICE") BY THE ENTITLED SHAREHOLDERS WHOSE NAMES APPEAR IN THE RECORD OF DEPOSITORS OF KSB 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 62 5
No. of Shares 54,395,265 1,401
% of Voted Shares 99.9974 0.0026
Result Accepted

4. Ordinary Resolution 2

Description 
PROPOSED SCHEME OF ARRANGEMENT WITH CREDITORS ("CREDITOR(S)" OR "SCHEME CREDITOR(S)") PURSUANT TO SECTION 366 OF THE ACT IN RESPECT OF THE AMOUNTS OWING TO THE SCHEME CREDITORS AGGREGATING RM138.47 MILLION AS AT THE 31 MARCH 2022, BEING THE CUT-OFF DATE USED FOR THE PURPOSE OF THE PROPOSED SCHEME OF ARRANGEMENT WITH CREDITORS ("CUT-OFF DATE") ("PROPOSED SCHEME OF ARRANGEMENT")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 62 5
No. of Shares 54,395,265 1,401
% of Voted Shares 99.9974 0.0026
Result Accepted

5. Ordinary Resolution 3

Description 
PROPOSED ESTABLISHMENT OF AN EMPLOYEES SHARE SCHEME ("ESS"), WHICH COMPRISES THE PROPOSED ESTABLISHMENT OF AN EMPLOYEES SHARE OPTION SCHEME ("ESOS") ("PROPOSED ESOS") AND PROPOSED ESTABLISHMENT OF AN EMPLOYEES SHARE GRANT SCHEME ("ESGS") ("PROPOSED ESGS") (COLLECTIVELY, THE "PROPOSED ESS" OR "SCHEME" OR "ESS") OF UP TO 15.00% OF THE TOTAL NUMBER OF ISSUED SHARES OF KSB (EXCLUDING TREASURY SHARES, IF ANY) AT ANY POINT IN TIME DURING THE DURATION OF THE PROPOSED ESS
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 62 5
No. of Shares 54,396,265 401
% of Voted Shares 99.9992 0.0007
Result Accepted

6. Ordinary Resolution 4

Description 
PROPOSED ALLOCATION OF ESS AWARDS TO YONG LOONG CHEN, DIRECTOR OF KSB
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 60 6
No. of Shares 54,095,165 1,501
% of Voted Shares 99.9972 0.0028
Result Accepted

7. Ordinary Resolution 5

Description 
PROPOSED ALLOCATION OF ESS AWARDS TO EDWARD TAN JUAN PENG, DIRECTOR OF KSB
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 60 7
No. of Shares 53,675,165 721,501
% of Voted Shares 98.6736 1.3264
Result Accepted

8. Ordinary Resolution 6

Description 
PROPOSED ALLOCATION OF ESS AWARDS TO SUZANA MANJA BINTI IBRAHIM, DIRECTOR OF KSB
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 58 7
No. of Shares 51,314,965 721,501
% of Voted Shares 98.6135 1.3865
Result Accepted

9. Ordinary Resolution 7

Description 
PROPOSED ALLOCATION OF ESS AWARDS TO ONG PHUI FATT, DIRECTOR OF KSB
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 60 6
No. of Shares 54,345,165 1,501
% of Voted Shares 99.9972 0.0028
Result Accepted

10. Ordinary Resolution 8

Description 
PROPOSED ALLOCATION OF ESS AWARDS TO MOHANADAS A/L K.P.BALAN, DIRECTOR OF KSB
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 61 6
No. of Shares 54,395,165 1,501
% of Voted Shares 99.9972 0.0028
Result Accepted

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