[TEXCYCL] EGM on 02-Aug-2024

Stock
[TEXCYCL]: TEX CYCLE TECHNOLOGY (M) BHD
Announcement Date
09-Jul-2024
Reference No.
GMA-09072024-00003
Corporate Action ID
MY240709MEET0003
Type
EGM
Date & Time
02-Aug-2024 10:30
Depositor Date
26-Jul-2024
Venue
Live streaming and online remote voting via the Remote Participation and Electronic Voting ("RPEV") facilities at https://meeting.boardroomlimited.my (Domain registration number with MYNIC: D6A357657
Description
Extraordinary General Meeting
Tex Cycle (EGM Notice).pdf
Outcome

The Board of Directors of Tex Cycle Technology (M) Berhad (“the Company”) is pleased to announce that all theresolutionsas set out in the Notice of Extraordinary General Meeting ("EGM") dated 26 July2024 were duly passed at the EGM held earlier today.

The resolutions were decided by way of poll voting. The results of the poll were validated by Sky Corporate Services Sdn Bhd, the Independent Scrutineers appointed by the Company.

The Ordinary Resolution no.9stated in this announcement should be recorded as Special Resolution no.1 instead.

This announcement is dated 2 August 2024.

Voting Results

1. Ordinary Resolution 1

Description 
PROPOSED ESTABLISHMENT OF AN EMPLOYEES SHARE OPTION SCHEME FOR THE ELIGIBLE EMPLOYEES AND DIRECTORS OF TCTB AND ITS SUBSIDIARIES (EXCLUDING DORMANT SUBSIDIARIES) (PROPOSED ESOS)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 41 6
No. of Shares 130,934,574 20,606
% of Voted Shares 99.9843 0.0157
Result Accepted

2. Ordinary Resolution 2

Description 
PROPOSED GRANTING OF ESOS OPTIONS TO DATUK KEH CHUAN SENG
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 6
No. of Shares 63,934,574 10,756
% of Voted Shares 99.9832 0.0168
Result Accepted

3. Ordinary Resolution 3

Description 
PROPOSED GRANTING OF ESOS OPTIONS TO LEE HAI PENG
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 39 7
No. of Shares 117,934,574 20,756
% of Voted Shares 99.9824 0.0176
Result Accepted

4. Ordinary Resolution 4

Description 
PROPOSED GRANTING OF ESOS OPTIONS TO CHIAU HAW YEW
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 7
No. of Shares 97,354,473 20,756
% of Voted Shares 99.9787 0.0213
Result Accepted

5. Ordinary Resolution 5

Description 
PROPOSED GRANTING OF ESOS OPTIONS TO DATUK LOW CHIN KOON
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 8
No. of Shares 130,934,474 20,856
% of Voted Shares 99.9841 0.0159
Result Accepted

6. Ordinary Resolution 6

Description 
PROPOSED GRANTING OF ESOS OPTIONS TO HO AI HOON
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 8
No. of Shares 130,934,474 20,856
% of Voted Shares 99.9841 0.0159
Result Accepted

7. Ordinary Resolution 7

Description 
PROPOSED GRANTING OF ESOS OPTIONS TO DATUK TEE SIEW KIONG
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 8
No. of Shares 130,934,474 20,856
% of Voted Shares 99.9841 0.0159
Result Accepted

8. Ordinary Resolution 8

Description 
PROPOSED GRANTING OF ESOS OPTIONS TO GARY DASS A/L ANTHONY FRANCIS
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 41 7
No. of Shares 130,934,574 20,756
% of Voted Shares 99.9842 0.0158
Result Accepted

9. Ordinary Resolution 9

Description 
PROPOSED AMENDMENTS TO THE CONSTITUTION OF TCTB TO FACILITATE THE IMPLEMENTATION OF THE PROPOSED TRANSFER OF THE LISTING OF AND QUOTATION FOR THE ENTIRE ISSUED SHARE CAPITAL OF TCTB FROM THE ACE MARKET TO MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD (PROPOSED TRANSFER)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 46 3
No. of Shares 130,959,724 106
% of Voted Shares 99.9999 0.0001
Result Accepted

Remark
-
Market Buzz

2024-08-02

Meeting Outcome

Extraordinary General Meeting on 02-Aug-2024.

2024-07-31

Additional Listing

Private Placement - 18,190,000 shares at 1.250.

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