MTDACPI

0.275

(%)

GENERAL MEETINGS: Outcome of Meeting

MTD ACPI ENGINEERING BERHAD

Type of Meeting Extraordinary
Indicator Outcome of Meeting
Date of Meeting 16 Feb 2021
Time 09:30 AM

Venue(s)
Broadcast Venue

Menara MTD

1, Jalan Batu Caves

68100 Batu Caves, Selangor Darul Ehsan

Malaysia

Outcome of Meeting

The Board of Directors of MTD ACPI Engineering Berhad (“MTD ACPI” or “Company”) wishes to announce that the Special Resolution in respect of the proposed selective capital reduction and repayment exercise of the Company pursuant to Section 116 of the Companies Act 2016 as set out in the Notice of Extraordinary General Meeting of the Company (“EGM”) dated 25 January 2021 was duly approved by the non-interested shareholders of the Company at the EGM held today.

 

Based on the results of the poll validated by Messrs. Cygnus IT Solutions PLT, the independent scrutineer appointed by the Company, the Special Resolution was voted for by 79.49% in number of the non-interested shareholders and 90.34% in value to the votes attached to the ordinary shares of MTD ACPI (“MTD ACPI Shares”) held by the non-interested shareholders that were cast either in person or by proxy at the EGM. Further, 1.12% of the votes attached to all MTD ACPI Shares held by the non-interested shareholders of the total voting shares of MTD ACPI voted against the Special Resolution.

 

Details of the results of the poll are set out below.

 

This announcement is dated 16 February 2021.


Voting Results


1. Special Resolution

Description
Proposed selective capital reduction and repayment exercise of MTD ACPI pursuant to Section 116 of the Companies Act 2016
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 31 8
No. of Shares 7,815,221 836,128
% of Voted Shares 90.3400 9.6600
Result Accepted



Please refer attachment below.




Announcement Info

Company Name MTD ACPI ENGINEERING BERHAD
Stock Name MTDACPI
Date Announced 16 Feb 2021
Category General Meeting
Reference Number GMA-28092020-00024
Corporate Action ID MY200928MEET0024