GENERAL MEETINGS: Outcome of Meeting
| LYC HEALTHCARE BERHAD |
| Type of Meeting | Extraordinary |
| Indicator | Outcome of Meeting |
| Date of Meeting | 23 Sep 2020 |
| Time | 11:30 AM |
| Venue(s) |
Dewan Perdana, Bukit Kiara Equestrian & Country Resort Jalan Bukit Kiara, Off Jalan Damansara, 60000 Kuala Lumpur Malaysia |
| Outcome of Meeting | The Board of Directors of LYC Healthcare Berhad ("LYC") is pleased to announce that the resolutions set out in the Notice of the Extraordinary General Meeting ("EGM") dated 8 September 2020 were duly passed at the EGM of LYC held earlier today.
All the resolutions were approved by way of poll at the EGM. The results of the poll were validated by GovernAce Advisory & Solutions Sdn Bhd, the Independent Scrutineers appointed by the Company. The details of the poll results are set out below.
This announcement is dated 23 September 2020. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
Proposed private placement of up to 30% of the total number of issued shares of LYC at an issue price to be determined and announced later, to the following parties:- (a) Allocation to third party investor(s) where such investor(s) shall be person(s) who/ which qualify under schedules 6 and 7 of the Capital Markets and Services Act 2007; and (b) Allocation to Lim Yin Chow (being the interested major shareholder) and/ or nominee(s), pursuant to his undertaking to subscribe and/ or cause his nominee(s) to subscribe for a total of up to 50,000,000 placement shares which are not subscribed for or taken up by any third party investor(s). |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 17 | 1 |
| No. of Shares | 12,004,200 | 100 |
| % of Voted Shares | 99.9992 | 0.0008 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
Proposed allocation of up to 50,000,000 placement shares, which are not subscribed for or taken up by any third party investor(s), to Lim Yin Chow and/or Nominee(s). |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 17 | 1 |
| No. of Shares | 12,004,200 | 100 |
| % of Voted Shares | 99.9992 | 0.0008 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
Proposed acquisition by LYC Medicare Sdn Bhd, a wholly-owned subsidiary of LYC, of a 51% equity interest in T&T Medical Group Pte Ltd for a purchase consideration of SGD7,293,000. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 18 | 1 |
| No. of Shares | 77,436,200 | 100 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
Proposed acquisition by LYC Medicare Sdn Bhd, a wholly-owned subsidiary of LYC, of a 51% equity interest in HC Orthopaedic Surgery Pte Ltd for a purchase consideration of SGD6,936,000. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 18 | 1 |
| No. of Shares | 77,436,200 | 100 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | LYC HEALTHCARE BERHAD |
| Stock Name | LYC |
| Date Announced | 23 Sep 2020 |
| Category | General Meeting |
| Reference Number | GMA-23092020-00024 |
| Corporate Action ID | MY200923MEET0024 |