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Pinnacle 6, Level M1, Connexion Conference & Event Centre,
The Vertical, Bangsar South City,
No. 8, Jalan Kerinchi, 59200 Kuala Lumpur,
Wilayah Persekutuan,
Malaysia
Outcome of Meeting
The Board of Directors of Lianson Fleet Group Berhad (formerly known as Icon Offshore Berhad) ("the Company”) wishes to announce that the resolutions set out in the Notice of the Extraordinary General Meeting ("EGM") dated 27 November 2025 were duly passed at the EGM of the Company held today.
All the resolutions were voted by poll and the results of the poll were validated by SKY Corporate Services Sdn. Bhd., the Independent Scrutineer appointed by the Company.
The details of the poll result are set out below.
Voting Results
1. Ordinary Resolution 1
Description
Proposed Acquisition of 1 Ordinary Share in Yinson Port Ventures Pte Ltd ("YPVPL"), representing the entire equity interest in YPVPL, and 10,289,000 Redeemable Convertible Preference Shares ("RCPS") in YPVPL, by the Company from Yinson Capital Sdn Bhd ("Yinson Capital") for a purchase consideration of RM15.8 million to be wholly satisfied via the issuance of 17,954,545 new Ordinary Shares in LFG ("Shares") at an issue price of RM0.88 per Share ("Issue Price") ("Consideration Shares")
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
74
0
No. of Shares
183,125,565
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
2. Ordinary Resolution 2
Description
Proposed Acquisition of 1 Ordinary Share in Yinson Premier Limited ("YPL"), representing the entire equity interest in YPL, and 1,700,000 RCPS in YPL, by the Company from Yinson Capital for a purchase consideration of RM6.4 million to be wholly satisfied via the issuance of 7,272,727 Consideration Shares at the Issue Price
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
74
0
No. of Shares
183,125,565
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
3. Ordinary Resolution 3
Description
Proposed Bonus Issue of up to 123,721,619 Warrants in the Company ("Warrants B") on the basis of 1 Warrant B for every 10 existing Shares held on an entitlement date to be determined and announced later
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
79
1
No. of Shares
944,852,609
200
% of Voted Shares
100.0000
0.0000
Result
Accepted
4. Ordinary Resolution 4
Description
Proposed Establishment of an Employees' Share Scheme ("ESS") 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 ESS for eligible Executive Directors and employees of LFG and its subsidiaries (excluding dormant subsidiaries) ("Proposed ESS")
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
49
25
No. of Shares
131,231,466
51,894,099
% of Voted Shares
71.6620
28.3380
Result
Accepted
5. Ordinary Resolution 5
Description
Proposed Allocation to the Executive Chairman of LFG under the Proposed ESS
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
49
25
No. of Shares
131,231,466
51,894,099
% of Voted Shares
71.6620
28.3380
Result
Accepted
6. Ordinary Resolution 6
Description
Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature