EPMB

0.645

(%)

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.


The details of the results of the poll are set out below.

 

This announcement is dated 31 May 2022.


Voting Results


1. Ordinary Resolution 1

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")
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

Description
Proposed Private Placement of up to 30% of EPM's total number of issued shares ("Proposed Private Placement")
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

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

Description
Proposed Allocation of ESOS Options to Hamidon bin Abdullah
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

Description
Proposed Allocation of ESOS Options to Zulkefly bin Baharuddin
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

Description
Proposed Allocation of ESOS Options to Johan bin Hamidon
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

Description
Proposed Allocation of ESOS Options to Aidan 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

8. Ordinary Resolution 8

Description
Proposed Allocation of ESOS Options to Ho Kok Wei
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

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

Description
Proposed Allocation of ESOS Options to Shaari bin Haron
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

Description
Proposed Allocation of ESOS Options to Tan Sri Datuk Hussin bin Haji Ismail
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

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

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

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")
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.

Attachments

EPMB - EGM Poll results.pdf
215.8 kB




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