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 |
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1. Special Resolution 1 |
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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") |
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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 |
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Description |
PROPOSED AMENDMENT TO THE COMPANY'S EXISTING CONSTITUTION TO FACILITATE THE PROPOSED ESS ("PROPOSED AMENDMENT") |
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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 |
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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") |
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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 |
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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") |
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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 |
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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 |
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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 |
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Description |
PROPOSED ALLOCATION OF ESS AWARDS TO YONG LOONG CHEN, DIRECTOR OF KSB |
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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 |
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Description |
PROPOSED ALLOCATION OF ESS AWARDS TO EDWARD TAN JUAN PENG, DIRECTOR OF KSB |
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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 |
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Description |
PROPOSED ALLOCATION OF ESS AWARDS TO SUZANA MANJA BINTI IBRAHIM, DIRECTOR OF KSB |
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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 |
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Description |
PROPOSED ALLOCATION OF ESS AWARDS TO ONG PHUI FATT, DIRECTOR OF KSB |
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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 |
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Description |
PROPOSED ALLOCATION OF ESS AWARDS TO MOHANADAS A/L K.P.BALAN, DIRECTOR OF KSB |
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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 | |