GENERAL MEETINGS: Outcome of Meeting
| WZ SATU BERHAD |
| Type of Meeting | Extraordinary |
| Indicator | Outcome of Meeting |
| Date of Meeting | 04 Aug 2020 |
| Time | 11:30 AM |
| Venue(s) |
Grand Ballroom, Level 1, Zenith Putrajaya, No. 1, Jalan P2A, Presint 2, 62100 Putrajaya, Wilayah Persekutuan Putrajaya, Malaysia |
| Outcome of Meeting | The Board of Directors of WZ Satu Berhad ("the Company") is pleased to announce that the resolution as set out in the Notice of Extraordinary General Meeting (“EGM”) of the Company dated 13 July 2020 were duly passed by the shareholders of the Company at the EGM held today.
The resolution was voted by way of a poll and the result of the poll was validated by Commercial Quest Sdn. Bhd., the independent scrutineer appointed by the Company.
Details of the said result of the poll is set out below.
This announcement is dated 4 August 2020. |
Voting Results |
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1. Ordinary Resolution |
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| Description |
Proposed Ratification in relation to the terms of the Letter Agreement for the settlement of the guaranteed amount of RM12.0 million pursuant to the Share Sale Agreement executed on 18 July 2014 for the acquisition of 5,000,000 ordinary shares in Misi Setia Oil & Gas Sdn Bhd (now known as WZS Misi Setia Sdn Bhd) ("Misi Setia"), representing 100% equity interest in Misi Setia for a purchase consideration of RM27.0 million
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 18 | 2 |
| No. of Shares | 171,661,935 | 8,101 |
| % of Voted Shares | 99.9953 | 0.0047 |
| Result | Accepted | |
Announcement Info
| Company Name | WZ SATU BERHAD |
| Stock Name | WZSATU |
| Date Announced | 04 Aug 2020 |
| Category | General Meeting |
| Reference Number | GMA-03082020-00012 |
| Corporate Action ID | MY200803MEET0011 |