GENERAL MEETINGS: Outcome of Meeting
EP MANUFACTURING BHD |
Type of Meeting | Extraordinary |
Indicator | Outcome of Meeting |
Date of Meeting | 31 May 2022 |
Time | 03:00 PM |
Venue(s) |
Broadcast Venue: Conference Room, No. 8 & 10, Jalan Jurutera U1/23, Seksyen U1, Kawasan Perindustrian Hicom Glenmarie, 40150 Shah Alam, Selangor. Malaysia |
Outcome of Meeting | The Board of Directors of EP Manufacturing Bhd ("the Company") wishes to announce that all the resolutions set out in the Notice of the Extraordinary General Meeting ("EGM") dated 13 May 2022 were duly passed by the shareholders of the Company at the EGM held today.
Ordinary Resolution No. 6 in relation to Proposed Allocation of ESOS Options to Encik Johan Bin Hamidon was not put for voting during the EGM due to Encik Johan Bin Hamidon did not wish to seek for re-election and retired at the conclusion of the 26th AGM.
All the resolutions were approved by way of poll via remote participation and electronic voting at the EGM. The results of the poll were validated by Cygnus Technology Solutions Sdn. Bhd., the Independent Scrutineer appointed by the Company.
This announcement is dated 31 May 2022. |
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
Proposed Disposal by EP Manufacturing Bhd (EPM) of 2 parcels of freehold land held under Geran 215211, Lot 61817 (Block 8) and Geran 215210, Lot 61816, both of Bandar Glenmarie, District of Petaling, Selangor Darul Ehsan together with the factories and offices constructed thereon to Precious Vision Sdn. Bhd. (Precious Vision) for a total cash consideration of RM53.5 million and the subsequent Leaseback by EPM of part of Block 8 from Precious Vision ("Proposed Disposal and Leaseback") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 65 | 6 |
No. of Shares | 38,273,953 | 10,204 |
% of Voted Shares | 99.9733 | 0.0026 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
Proposed Private Placement of up to 30% of EPM's total number of issued shares ("Proposed Private Placement") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 77 | 5 |
No. of Shares | 113,843,303 | 204 |
% of Voted Shares | 99.9998 | 0.0002 |
Result | Accepted | |
3. Ordinary Resolution 3 |
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Description |
Proposed establishment of an Employees' Share Option Scheme (ESOS) of up to 15% of EPM's total number of issued shares, excluding treasury shares, if any, at any point in time over the duration of the ESOS for eligible Directors and employees of EPM and its subsidiaries (EPM Group) ("Proposed ESOS") |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 75 | 7 |
No. of Shares | 113,842,703 | 804 |
% of Voted Shares | 99.9993 | 0.0007 |
Result | Accepted | |
4. Ordinary Resolution 4 |
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Description |
Proposed Allocation of ESOS Options to Hamidon bin Abdullah |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 64 | 6 |
No. of Shares | 38,247,453 | 304 |
% of Voted Shares | 99.9992 | 0.0008 |
Result | Accepted | |
5. Ordinary Resolution 5 |
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Description |
Proposed Allocation of ESOS Options to Zulkefly bin Baharuddin |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 74 | 8 |
No. of Shares | 113,832,703 | 10,804 |
% of Voted Shares | 99.9905 | 0.0095 |
Result | Accepted | |
6. Ordinary Resolution 6 |
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Description |
Proposed Allocation of ESOS Options to Johan bin Hamidon |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 0 | 0 |
No. of Shares | 0 | 0 |
% of Voted Shares | 0.0000 | 0.0000 |
Result | Withdrawn/ Postponed | |
7. Ordinary Resolution 7 |
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Description |
Proposed Allocation of ESOS Options to Aidan Hamidon |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 63 | 8 |
No. of Shares | 38,237,353 | 10,804 |
% of Voted Shares | 99.9718 | 0.0282 |
Result | Accepted | |
8. Ordinary Resolution 8 |
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Description |
Proposed Allocation of ESOS Options to Ho Kok Wei |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 76 | 6 |
No. of Shares | 113,833,205 | 10,302 |
% of Voted Shares | 99.9910 | 0.0090 |
Result | Accepted | |
9. Ordinary Resolution 9 |
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Description |
Proposed Allocation of ESOS Options to Dr. Linden Hamidon |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 63 | 8 |
No. of Shares | 38,237,353 | 10,804 |
% of Voted Shares | 99.9718 | 0.0282 |
Result | Accepted | |
10. Ordinary Resolution 10 |
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Description |
Proposed Allocation of ESOS Options to Shaari bin Haron |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 74 | 7 |
No. of Shares | 113,813,203 | 10,304 |
% of Voted Shares | 99.9909 | 0.0091 |
Result | Accepted | |
11. Ordinary Resolution 11 |
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Description |
Proposed Allocation of ESOS Options to Tan Sri Datuk Hussin bin Haji Ismail |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 74 | 8 |
No. of Shares | 113,832,703 | 10,804 |
% of Voted Shares | 99.9905 | 0.0095 |
Result | Accepted | |
12. Ordinary Resolution 12 |
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Description |
Proposed Allocation of ESOS Options to Hew Voon Foo |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 75 | 6 |
No. of Shares | 113,832,205 | 10,302 |
% of Voted Shares | 99.9910 | 0.0090 |
Result | Accepted | |
13. Ordinary Resolution 13 |
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Description |
Proposed Allocation of ESOS Options to Cheng Sheng |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 75 | 6 |
No. of Shares | 113,833,106 | 10,302 |
% of Voted Shares | 99.9910 | 0.0090 |
Result | Accepted | |
14. Ordinary Resolution 14 |
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Description |
Proposed Diversification of EPM Group's principal activities to include the undertaking of Property Development and related activities such as Construction and Project Management ("Proposed Diversification") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 75 | 6 |
No. of Shares | 113,843,104 | 304 |
% of Voted Shares | 99.9997 | 0.0003 |
Result | Accepted | |
Please refer attachment below.
Announcement Info
Company Name | EP MANUFACTURING BHD |
Stock Name | EPMB |
Date Announced | 31 May 2022 |
Category | General Meeting |
Reference Number | GMA-29052022-00003 |
Corporate Action ID | MY220529MEET0003 |