GENERAL MEETINGS: Outcome of Meeting
| KOBAY TECHNOLOGY BERHAD |
| Type of Meeting | Extraordinary |
| Indicator | Outcome of Meeting |
| Date of Meeting | 12 Apr 2021 |
| Time | 11:00 AM |
| Venue(s) |
4th Floor, Wisma Kobay, No. 42-B Jalan Rangoon 10400 Georgetown Pulau Pinang Malaysia |
| Outcome of Meeting | The Company wishes to announce that all the resolutions as set in the Notice of Extraordinary General Meeting ("EGM") dated 25 March 2021, had been approved by way of poll at the EGM of the Company held on 12 April 2021.
The voting in respect of the resolutions was carried out by way of poll and the results were validated by Messrs Value Creator Consultancy, the Independent Scrutineer appointed by the Company. Details of the said results are set out in the attachment.
This announcement is dated 12 April 2021. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
PROPOSED EXEMPTION UNDER PARAGRAPH 4.15(1) OF THE RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS ("RULES") TO KOBAY HOLDINGS SDN BHD ("KHSB") AND PERSON ACTING IN CONCERT WITH IT FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER FOR ALL THE REMAINING ORDINARY SHARES IN KOBAY ("KOBAY SHARES" OR "SHARES") NOT ALREADY OWNED BY THEM ARISING FROM THE PURCHASE BY KOBAY OF ITS OWN SHARES PURSUANT TO ITS SHARE BUY-BACK AUTHORITY ("PROPOSED EXEMPTION")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 24 | 0 |
| No. of Shares | 47,136,098 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
PROPOSED BONUS ISSUE OF 204,187,202 NEW KOBAY SHARES ("BONUS SHARES") ON THE BASIS OF TWO (2) BONUS SHARES FOR EVERY ONE (1) EXISTING KOBAY SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED BONUS ISSUE OF SHARES")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 26 | 0 |
| No. of Shares | 80,569,378 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | KOBAY TECHNOLOGY BERHAD |
| Stock Name | KOBAY |
| Date Announced | 12 Apr 2021 |
| Category | General Meeting |
| Reference Number | GMA-07042021-00006 |
| Corporate Action ID | MY210407MEET0006 |