GENERAL MEETINGS: Outcome of Meeting
| MARINE & GENERAL BERHAD |
| Type of Meeting | Extraordinary |
| Indicator | Outcome of Meeting |
| Date of Meeting | 31 Dec 2019 |
| Time | 10:00 AM |
| Venue(s) |
Dewan Berjaya, Bukit Kiara Equestrian & Country Resort, Jalan Bukit Kiara, Off Jalan Damansara, 60000 Kuala Lumpur Malaysia |
| Outcome of Meeting | The Board of Directors of Marine & General Berhad ("the Company") is pleased to announce that all resolutions put to the Company's Extraordinary General Meeting ("EGM") held today, 31 December 2019 were unanimously carried.
All the resolutions were voted by poll and the results of the poll were validated by Messrs. Kalis & Co., the independent scrutineers appointed by the Company.
The results if the poll are set out below.
This announcement is dated 31 December 2019. |
Voting Results |
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1. ORDINARY RESOLUTION 1 |
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| Description |
PROPOSED ISSUANCE AND ALLOTMENT OF NEW ORDINARY SHARES IN M&G ("M&G SHARES") TO THE HOLDERS OF 150.0 MILLION IRREDEEMABLE PREFERENCE SHARES OF RM1.00 EACH IN JASA MERIN (MALAYSA) SDN. BHD. ("JMM PS") IN CONJUCTION WITH THE PROPOSED DEBT RESTRUCTURING BETWEEN THE JASA MERIN (MALAYSA) SDN. BHD. ("JMM") GROUP OF COMPANIES AND ITS EXISTING FINANCIERS ("PROPOSED ISSUANCE")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 64 | 0 |
| No. of Shares | 162,954,443 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
2. ORDINARY RESOLUTION 2 |
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| Description |
PROPOSED ACQUISITION OF JMM PS FROM ABDUL RAHMAN BIN ALI ("ARA") AND DATO' MOHD AZLAN BIN HASHIM ("MAH") ("PROPOSED ACQUISITION")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 64 | 0 |
| No. of Shares | 162,954,443 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
3. ORDINARY RESOLUTION 3 |
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| Description |
PROPOSED SUBSCRIPTION OF UP TO 150.0 MILLION NEW CUMULATIVE NON-CONVERTIBLE REDEEMABLE PREFERENCE SHARES ("CN-RPS") IN JMM FOR A TOTAL SUBSCRIPTION OF RM150.0 MILLION ("PROPOSED SUBSCRIPTION")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 69 | 0 |
| No. of Shares | 526,190,420 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | MARINE & GENERAL BERHAD |
| Stock Name | M&G |
| Date Announced | 31 Dec 2019 |
| Category | General Meeting |
| Reference Number | GMA-17122019-00013 |
| Corporate Action ID | MY191217MEET0013 |