GENERAL MEETINGS: Outcome of Meeting
| MERCURY INDUSTRIES BERHAD |
| Type of Meeting | Extraordinary |
| Indicator | Outcome of Meeting |
| Date of Meeting | 22 Jun 2022 |
| Time | 11:00 AM |
| Venue(s) |
Lot G 50, Ground Floor, South City Plaza, Persiaran Serdang Perdana, Seksyen 1, 43300 Seri Kembangan, Selangor Darul Ehsan Malaysia |
| Outcome of Meeting | The Board of Directors of Mercury Industries Berhad (“MIB” or the “Company”) would like to announce that the shareholders of the Company had approved all the resolutions as set out in the Notice of Extraordinary General Meeting (“EGM”) dated 31 May 2022 and Addendum to the Notice of EGM dated 3 June 2022, at the EGM of the Company held on 22 June 2022.
The resolutions were passed by way of poll and the results of the poll were validated by Archer Consulting Group Sdn Bhd, the Independent Scrutineer appointed by the Company.
This announcement is dated 22 June 2022. |
Voting Results |
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1. ORDINARY RESOLUTION 1 |
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| Description |
PROPOSED ACQUISITION OF A PARCEL OF LAND LOCATED IN BANDAR SUNGAI BULOH, DAERAH GOMBAK, SELANGOR ("LAND") FOR A TOTAL CASH CONSIDERATION OF APPROXIMATELY RM23.5 MILLION ("PROPOSED LAND ACQUISITION")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 14 | 0 |
| No. of Shares | 19,759,943 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
2. ORDINARY RESOLUTION 2 |
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| Description |
PROPOSED SHARES ISSUANCE OF UP TO 22,100,100 NEW ORDINARY SHARES IN MIB ("MIB SHARES") REPRESENTING 50.0% OF THE ISSUED SHARE CAPITAL OF MIB ("PROPOSED SHARES ISSUANCE")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 14 | 0 |
| No. of Shares | 19,759,943 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
3. ORDINARY RESOLUTION 3 |
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| Description |
PROPOSED DIVERSIFICATION OF THE EXISTING CORE BUSINESS OF MIB AND ITS SUBSIDIARIES ("MIB GROUP") TO INCLUDE PROPERTY DEVELOPMENT ("PROPOSED DIVERSIFICATION")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 17 | 0 |
| No. of Shares | 24,596,943 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
4. ORDINARY RESOLUTION 4 |
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| Description |
PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 14 | 0 |
| No. of Shares | 19,759,943 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
5. ORDINARY RESOLUTION 5 |
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| Description |
PROPOSED ALLOTMENT OF 11,050,050 MIB SHARES TO DATO' TIONG KWING HEE ("DATO TIONG"), THE MANAGING DIRECTOR OF MIB ("PROPOSED ALLOTMENT OF SHARES TO DATO TIONG")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 14 | 0 |
| No. of Shares | 19,759,943 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
6. SPECIAL RESOLUTION |
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| Description |
PROPOSED REDUCTION OF THE ISSUED SHARE CAPITAL OF MIB PURSUANT TO SECTION 116 OF THE COMPANIES ACT, 2016 ("ACT") ("PROPOSED SHARE CAPITAL REDUCTION")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 17 | 0 |
| No. of Shares | 24,596,943 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
Announcement Info
| Company Name | MERCURY INDUSTRIES BERHAD |
| Stock Name | MERCURY |
| Date Announced | 22 Jun 2022 |
| Category | General Meeting |
| Reference Number | GMA-22062022-00006 |
| Corporate Action ID | MY220622MEET0006 |