MERCURY

1.050

(%)

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


1. ORDINARY RESOLUTION 1

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")
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

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")
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

Description
PROPOSED DIVERSIFICATION OF THE EXISTING CORE BUSINESS OF MIB AND ITS SUBSIDIARIES ("MIB GROUP") TO INCLUDE PROPERTY DEVELOPMENT ("PROPOSED DIVERSIFICATION")
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

Description
PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE")
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

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")
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

Description
PROPOSED REDUCTION OF THE ISSUED SHARE CAPITAL OF MIB PURSUANT TO SECTION 116 OF THE COMPANIES ACT, 2016 ("ACT") ("PROPOSED SHARE CAPITAL REDUCTION")
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