The Board of Directors of One Glove Group Berhad ("the Company") wishes to announce that all the resolutions tabled at the Extraordinary General Meeting ("EGM") of the Company held today as per the Notice of the EGM of the Company dated 9 August 2024 were approved by the shareholders. The voting in respect of the resolutions was carried out by way of a poll and the results of the poll were validated by Commercial Quest Sdn. Bhd., the independent scrutineer appointed by the Company. Details of the result of the poll in respect of the resolution tabled at the EGM of the Company is set out below. This announcement is dated 2 September 2024.
Voting Results |
||
1. Special Resolution |
||
Description |
Proposed Amendments to the Constitution of One Glove to facilitate the issuance of new 191,000,000 Redeemable Convertible Preference Shares in One Glove ("RCPS") under the Proposed Debt Settlement ("Proposed Amendments") |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 51 | 1 |
No. of Shares | 224,487,271 | 1 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
2. Ordinary Resolution |
||
Description |
Proposed Settlement of Debts Owing to ADA Capital Investments Limited, the major shareholder of One Glove, amounting to RM45,840,000 via the issuance of 191,000,000 RCPS at the issue price of RM0.24 per RCPS ("Proposed Debt Settlement") |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 51 | 1 |
No. of Shares | 224,487,271 | 1 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
2024-09-02