[ADVCON] EGM on 18-Dec-2024

Stock
[ADVCON]: ADVANCECON HOLDINGS BERHAD
Announcement Date
02-Dec-2024
Reference No.
GMA-02122024-00004
Corporate Action ID
MY241202MEET0004
Type
EGM
Date & Time
18-Dec-2024 10:00
Depositor Date
11-Dec-2024
Venue
Live streaming and remote participation and voting facilities provided by Tricor Investor & Issuing House Services Sdn Bhd via TIIH Online website at https://tiih.online
Description
Notice of Extraordinary General Meeting
Advancecon - Press Adv_EGM 2024.pdf
Outcome

The Board of Directors of Advancecon Holdings Berhad (“Advancecon” or “Company”) wishes to announce that the resolutions set out in the Notice of the Extraordinary General Meeting ("EGM") of the Company dated 3 December2024was duly passed by the shareholders of the Company by way of live streaming and remote participation and voting facilitiesvia TIIH Online website at https://tiih.onlineat the EGM conducted on 18 December 2024.


The results of the poll were validated by Quantegic Services Sdn Bhd, the Independent Scrutineer appointed by the Company.


This announcement is dated 18 December 2024.

Voting Results

1. Ordinary Resolution 1

Description 
Proposed Diversification of the existing businesses of Advancecon and its subsidiaries to include the property development, property investment, property management and related businesses
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 83 10
No. of Shares 315,535,908 73,106,305
% of Voted Shares 81.1893 18.8107
Result Accepted

2. Ordinary Resolution 2

Description 
Proposed Establishment of an Employees' Share Option Scheme ("ESOS") of up to 15% of the total number of ordinary shares of Advancecon in issue (excluding treasury shares, if any) at any one time during the duration of the ESOS for the eligible directors and employees of Advancecon Group (excluding dormant subsidiaries and foreign subsidiaries incorporated out of Malaysia, if any)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 76 17
No. of Shares 315,461,103 73,181,110
% of Voted Shares 81.1701 18.8299
Result Accepted

3. Ordinary Resolution 3

Description 
Proposed Allocation of ESOS Options to Dato' Phum Ang Kia
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 69 16
No. of Shares 217,837,853 73,180,610
% of Voted Shares 74.8536 25.1464
Result Accepted

4. Ordinary Resolution 4

Description 
Proposed Allocation of ESOS Options to Tan Chee Keong
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 74 18
No. of Shares 314,834,503 73,207,810
% of Voted Shares 81.1341 18.8659
Result Accepted

5. Ordinary Resolution 5

Description 
Proposed Allocation of ESOS Options to Tung Kai Hung
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 75 17
No. of Shares 305,659,653 73,207,310
% of Voted Shares 80.6773 19.3227
Result Accepted

6. Ordinary Resolution 6

Description 
Proposed Allocation of ESOS Options to Phum Boon Jye
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 68 17
No. of Shares 217,837,353 73,181,110
% of Voted Shares 74.8534 25.1466
Result Accepted

Remark
-
Market Buzz

2025-01-27

Insider

MR YEOH CHONG KEAT (a company director) acquired 100,000 shares at 0.240 on 24-Jan-2025.

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