The Board of Directors of OCR Group Berhad ("the Company") is pleased to announce that all resolutions set out in the Notice of the Extraordinary General Meeting ("EGM") dated 10 June 2024 were duly passed by the shareholders of the Company using online meeting platform via the link at www.swsb.com.my.
All the resolutions were voted by way of poll and the results of the poll were validated by SharePolls Sdn Bhd, an independent scrutineer appointed by the Company.
This announcement is dated 25 June 2024.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
Proposed settlement of advances owing by Stack Builder Sdn. Bhd., a 50.5%-owned subsidiary of the Company, to Ong Kah Hoe ("OKH") and Tan Chin Hoong ("TCH") amounting to RM43,296,795 to be satisfied entirely via the issuance of 618,525,646 new ordinary shares in the Company ("OCR Shares" or "Shares") at the issue price of RM0.0700 per Share ("Proposed Settlement") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 17 | 9 |
No. of Shares | 717,913,709 | 104,644 |
% of Voted Shares | 99.9854 | 0.0146 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
Proposed renounceable rights issue of up to 1,336,348,534 new Shares ("Rights Shares") together with up to 1,336,348,534 free detachable Warrants in the Company ("Warrants E") on the basis of 2 Rights Shares together with 2 Warrants E for every 3 existing Shares held by the entitled shareholders of the Company on an entitlement date to be determined ("Proposed Rights Issue with Warrants") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 16 | 10 |
No. of Shares | 717,843,709 | 174,644 |
% of Voted Shares | 99.9757 | 0.0243 |
Result | Accepted | |
3. Ordinary Resolution 3 |
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Description |
Proposed exemption under subparagraph 4.08(1)(B) of the Rules on Take-Overs, Mergers and Compulsory Acquisitions issued by the Securities Commission Malaysia ("SC") ("Rules") to OKH, TCH and persons acting in concert with them from the obligation to undertake a mandatory take-over offer for the remaining OCR Shares not already held by them upon the completion of the Proposed Settlement ("Proposed Exemption 1"). |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 17 | 9 |
No. of Shares | 717,913,709 | 104,644 |
% of Voted Shares | 99.9854 | 0.0146 |
Result | Accepted | |
4. Ordinary Resolution 4 |
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Description |
Proposed exemption under subparagraph 4.08(1)(B) of the Rules to OKH and persons acting in concert with him from the obligation to undertake a mandatory take-over offer for the remaining OCR Shares not already held by them upon the completion of the Proposed Rights Issue with Warrants ("Proposed Exemption 2") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 17 | 9 |
No. of Shares | 717,913,709 | 104,644 |
% of Voted Shares | 99.9854 | 0.0146 |
Result | Accepted | |
2024-06-29