[CRESNDO] EGM on 06-Sep-2024

Stock
[CRESNDO]: CRESCENDO CORPORATION BHD
Announcement Date
21-Aug-2024
Reference No.
GMA-19082024-00004
Corporate Action ID
MY240819MEET0004
Type
EGM
Date & Time
06-Sep-2024 14:00
Depositor Date
30-Aug-2024
Venue
Junior Ballroom, Level 11, DoubleTree by Hilton, No. 12, Jalan Ngee Heng, 80000 Johor Bahru, Johor Darul Takzim
Description
NOTICE OF EXTRAORDINARY GENERAL MEETING OF CRESCENDO CORPORATION BERHAD ("CCB")
CCB-Notice of EGM (06.09.2024).pdf
Outcome
The Board of Directors of Crescendo Corporation Berhad ("CCB") wishes to announce that at the Extraordinary General Meeting of CCB duly convened and held this afternoon, all the ordinary resolutions as set out in the Notice of the Extraordinary General Meeting dated 22 August, 2024 were duly passed by the members present by way of poll.

The results of the poll which were validated by Messrs. SKW Associates, Chartered Accountants, the Independent Scrutineer appointed by the Company, are as set out below -

Voting Results

1. Ordinary Resolution 1

Description 
Proposed Disposal by Panoramic Industrial Development Sdn Bhd ("PID"), a wholly-owned subsidiary of CCB, of a vacant industrial land located in the Mukim of Pulai, District of Johor Bahru, State of Johor for a total cash consideration of RM115,877,876.40 ("Proposed Disposal")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 50 0
No. of Shares 206,161,359 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description 
Proposed Share Split involving the subdivision of every 1 existing Ordinary Share in CCB ("CCB share(s)" or "share(s)") held by the shareholders of CCB whose names appear in the Company's Record Of Depositors on an entitlement date to be determined and announced later, into 3 Subdivided Shares ("Proposed Share Split")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 50 0
No. of Shares 206,161,359 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Ordinary Resolution 3

Description 
Proposed Establishment of an Executives' Share Option Scheme ("ESOS") of up to 10% of the total number of issued shares of the Company (excluding treasury shares, if any) at any point in time during the duration of the ESOS to be granted to the Eligible Executive Directors and Executives ("Eligible Executive(s)") of CCB and its subsidiaries (excluding dormant subsidiaries) ("CCB Group" or the "Group") ("Proposed ESOS")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 32 18
No. of Shares 204,666,859 1,494,500
% of Voted Shares 99.2751 0.7249
Result Accepted

4. Ordinary Resolution 4

Description 
Proposed Allocation of Options to the Eligible Executive Directors and persons connected to the Eligible Executive Directors pursuant to the Proposed ESOS
(i) Gooi Seong Lim (Chairman and Managing Director)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 27 18
No. of Shares 3,812,500 1,494,500
% of Voted Shares 71.8391 28.1609
Result Accepted

5. Ordinary Resolution 5

Description 
Proposed Allocation of Options to the Eligible Executive Directors and persons connected to the Eligible Executive Directors pursuant to the Proposed ESOS
(ii) Gooi Seong Heen (Executive Director)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 27 18
No. of Shares 3,812,500 1,494,500
% of Voted Shares 71.8391 28.1609
Result Accepted

6. Ordinary Resolution 6

Description 
Proposed Allocation of Options to the Eligible Executive Directors and persons connected to the Eligible Executive Directors pursuant to the Proposed ESOS
(iii) Gooi Seong Chneh (Executive Director)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 27 18
No. of Shares 3,812,500 1,494,500
% of Voted Shares 71.8391 28.1609
Result Accepted

7. Ordinary Resolution 7

Description 
Proposed Allocation of Options to the Eligible Executive Directors and persons connected to the Eligible Executive Directors pursuant to the Proposed ESOS
(iv) Gooi Seong Gum (Executive Director)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 27 18
No. of Shares 3,812,500 1,494,500
% of Voted Shares 71.8391 28.1609
Result Accepted

8. Ordinary Resolution 8

Description 
Proposed Allocation of Options to the Eligible Executive Directors and persons connected to the Eligible Executive Directors pursuant to the Proposed ESOS
(v) Gooi Khai Shin (Person connected with Gooi Seong Lim)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 26 19
No. of Shares 3,812,400 1,494,600
% of Voted Shares 71.8372 28.1628
Result Accepted

9. Ordinary Resolution 9

Description 
Proposed Allocation of Options to the Eligible Executive Directors and persons connected to the Eligible Executive Directors pursuant to the Proposed ESOS
(vi) Gooi Min Hsian Michelle (Person connected with Gooi Seong Chneh)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 26 19
No. of Shares 3,812,400 1,494,600
% of Voted Shares 71.8372 28.1628
Result Accepted

Remark
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