[BMGREEN] EGM on 18-Oct-2024

Stock
[BMGREEN]: BM GREENTECH BERHAD
Announcement Date
02-Oct-2024
Reference No.
GMA-01102024-00002
Corporate Action ID
MY241001MEET0001
Type
EGM
Date & Time
18-Oct-2024 10:00
Depositor Date
11-Oct-2024
Venue
Zamrud Room, The Saujana Hotel Kuala Lumpur Saujana Resort, Jalan Lapangan Terbang SAAS 40150 Shah Alam Selangor Darul Ehsan
Description
BM GreenTech Berhad ("BMG" or "the Company") - Notice of Extraordinary General Meeting ("EGM")
Notice of EGM and Administrative Guide 2024.pdf
Outcome

The Board of Directors of BM GreenTech Berhad ('the Company") is pleased to announce that all the resolutions as set out in the notice convening the Extraordinary General Meeting ("EGM") dated 3 October 2024 were duly passed by way of poll at the EGM of the Company held earlier today.

The results of the poll were validated by Messrs. Coopers Professional Scrutineers Sdn Bhd, the Independent Scrutineer appointed by the Company. The results of the poll of the EGM is attached herewith.

This announcement is dated 18 October 2024.

Voting Results

1. Ordinary Resolution 1

Description 
Proposed Acquisition of 100% Equity Interest in Plus Xnergy Holding Sdn Bhd ("PXH") for a Purchase Consideration of RM110.0 Million ("Purchase Consideration") to be fully satisfied by the Issuance of 81,481,482 New Ordinary Shares in BMG ("BMG Share(s)" or "Share(s)") ("Consideration Share(s)") at an Issue Price of RM1.35 per Consideration Share ("Proposed Acquisition")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 99 0
No. of Shares 127,230,582 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description 
Proposed Issuance of 90,312,918 New BMG Shares ("Placement Share(s)") to QL Green Resources Sdn Bhd ("QLGR") (a wholly-owned subsidiary of QL Resources Berhad ("QL")) at an Issue Price of RM1.35 per Placement Share ("Proposed Issuance to QL")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 97 2
No. of Shares 122,850,882 4,379,700
% of Voted Shares 96.5577 3.4423
Result Accepted

3. Ordinary Resolution 3

Description 
Proposed Bonus Issue of 171,948,600 Warrants in BMG ("Warrant(s)") on the basis of 1 Warrant for every 4 existing BMG Shares held by the Shareholders of BMG whose names appear in the Company's Record of Depositors ("Entitled Shareholders") on the Entitlement Date to be determined and announced later ("Entitlement Date") ("Proposed Bonus Issue of Warrants")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 102 1
No. of Shares 402,077,988 4,315,700
% of Voted Shares 98.9380 1.0620
Result Accepted

Remark
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