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OTHERS NWP HOLDINGS BERHAD ("NWP" or "the Company") - Requisition by shareholders to convene Extraordinary General Meeting

NWP HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
NWP HOLDINGS BERHAD ("NWP" or "the Company") 
- Requisition by shareholders to convene Extraordinary General Meeting

Reference is made to the Company’s announcement dated 12 January 2022 in respect of a Notice of Intention to Move Resolutions Requiring Special Notice pursuant to Section 206(3) and 322 of the Companies Act 2016 (“the Act”) dated 6 January 2022 (“Notice”) relating to the intention from the shareholders of the Company to call for an Extraordinary General Meeting (“EGM”) to be held pursuant to Section 310(b) of the Act.

 

The Board of Directors of NWP wishes to announce that the EGM is invalid hence will not be held, and is not valid if so held. The Company refers to the following material facts: –

 

  1. The Requisitionists of the EGM are Affin Hwang Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Tan Lik Houe (“Affin”) and Maybank Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Chang Huan Soon (“Maybank”);
  2. Affin and Maybank are NOT members of the Company for at least ten per centum of the issued share capital of the Company in aggregate as at 6 January 2022;
  3. The Notice of EGM stipulates that the proxy forms shall be deposited with Shareworks Sdn Bhd. (“Shareworks”);
  4. Shareworks had confirmed in writing that it will not be accepting any proxy forms in respect of the EGM;
  5. Dato’ Tan Lik Houe had confirmed in writing that Affin and Maybank had never appointed Shareworks as poll administer for the EGM.

 

The Company takes note of the fact that the share price of its securities had declined substantially after the Company made the announcement on 12 January 2022 in respect of the Notice and the EGM. The Company wishes to invite its members and shareholders to be more prudent and vigilant in submitting documents and/or information where the Company is required to announce.

 

This announcement is dated 20 January 2022.






Announcement Info

Company Name NWP HOLDINGS BERHAD
Stock Name NWP
Date Announced 20 Jan 2022
Category General Announcement for PLC
Reference Number GA1-20012022-00012