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LYC

0.365

+0.01 (+2.8%)

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


1. Ordinary Resolution 1

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).
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

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).
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

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.
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

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.
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