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Cantonment Room, Lobby Level
Evergreen Laurel Hotel
53 Persiaran Gurney
10250 Georgetown
Pulau Pinang
Outcome of Meeting
The Board of ACME Holdings Berhad (Company) would like to announce that shareholders of the Company had approved all the resolutions as set out in the Notice of Extraordinary General Meeting "EGM" dated 22 October 2019 at the EGM of the Company held on 06 November 2019.
All resolutions were approved by way of voting on poll and the results of the poll are as per the attachment herein.
The results of the poll were validated by SH Corporate Services Sdn Bhd, the independent scrutineer appointed by the Company.
This announcement is dated 06 November 2019
Voting Results
Resolution
Vote in favour
Vote Against
Results
No. of Shares
%
No. of Shares
%
ORDINARY RESOLUTION 1
PROPOSED BONUS ISSUE OF UP TO 59,689,500 FREE WARRANTS IN ACME (“WARRANTS”) ON THE BASIS OF 1 WARRANT FOR EVERY 4 EXISTING ORDINARY SHARES IN ACME (“ACME SHARES”) HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER (“ENTITLEMENT DATE”) (“PROPOSED BONUS ISSUE OF WARRANTS”)
147,447,681
100.000000
0
0.000000
Carried
ORDINARY RESOLUTION 2
PROPOSED PRIVATE PLACEMENT OF UP TO 89,534,200 NEW ACME SHARES (“PLACEMENT SHARES”), REPRESENTING UP TO 30% OF THE ENLARGED NUMBER OF ISSUED SHARES IN ACME (EXCLUDING TREASURY SHARES) (“PROPOSED PRIVATE PLACEMENT”)
147,447,681
100.000000
0
0.000000
Carried
ORDINARY RESOLUTION 3
PROPOSED ACQUISITION OF THE ENTIRE SHARE CAPITAL OF MEDAN TROPIKA SDN BHD (“MEDAN”), COMPRISING 37,255,000 ORDINARY SHARES IN MEDAN (“MEDAN SHARES”) CURRENTLY HELD BY GOH SOO SING AND MOHAMMAD ZUBNI BIN ISMAIL (COLLECTIVELY, THE “MEDAN VENDORS”), BY ACME FOR A TOTAL CASH CONSIDERATION OF RM34,255,000 (“PROPOSED MEDAN ACQUISITION”)
147,447,681
100.000000
0
0.000000
Carried
ORDINARY RESOLUTION 4
PROPOSED ACQUISITION OF THE ENTIRE SHARE CAPITAL OF FOCAL PRODUCTS SDN BHD (“FOCAL”), COMPRISING 5,831,216 ORDINARY SHARES IN FOCAL (“FOCAL SHARES”) CURRENTLY HELD BY LIEW KOK EARN AND CHIA CHEONG YUN (COLLECTIVELY, THE “FOCAL VENDORS”), BY ACME FOR A TOTAL CASH CONSIDERATION OF RM2,000,000 (“PROPOSED FOCAL ACQUISITION”)