GENERAL MEETINGS: Outcome of Meeting
LYC HEALTHCARE BERHAD |
Type of Meeting | Extraordinary |
Indicator | Outcome of Meeting |
Date of Meeting | 23 Jun 2022 |
Time | 10:30 AM |
Venue(s) |
Dewan Berjaya, Bukit Kiara Equestrian & Country Resort, Jalan Bukit Kiara, Off Jalan Damansara, 60000 Kuala Lumpur, Malaysia |
Outcome of Meeting | The Board of Directors of LYC Healthcare Berhad ("the Company") is pleased to announce that all the resolutions set out in the Notice of Extraordinary General Meeting ("EGM") of the Company dated 8 June 2022 were duly passed by the shareholders at the EGM of the Company held on 23 June 2022 at 10.30 a.m.
All the resolutions were approved by way of poll at the EGM, and the results of the poll were validated by SKY Corporate Services Sdn Bhd, the Independent Scrutineer appointed by the Company. Details of the poll results are set out below.
This announcement is dated 23 June 2022. |
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
Proposed divestment by LYC Medicare Sdn Bhd, a wholly-owned subsidiary of LYC, of a 25% equity interest in LYC Medicare (Singapore) Pte Ltd ("LYC SG") to Kenanga Investors Berhad for a disposal consideration of SGD12,918,466 |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 18 | 0 |
No. of Shares | 163,895,600 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
Proposed establishment of an employees share grant plan of up to 5% of the total number of issued shares of LYC (excluding treasury shares, if any) at any point in time during the duration of the plan for eligible executive directors and employees of LYC and its subsidiaries (excluding subsidiaries which are dormant, if any) |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 19 | 1 |
No. of Shares | 241,248,100 | 2,647,500 |
% of Voted Shares | 98.9145 | 1.0855 |
Result | Accepted | |
3. Ordinary Resolution 3 |
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Description |
Proposed allocation of share grants to Sui Diong Hoe, the Managing Director cum Group Chief Executive Officer of LYC |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 17 | 2 |
No. of Shares | 241,213,100 | 2,672,500 |
% of Voted Shares | 98.9042 | 1.0958 |
Result | Accepted | |
4. Ordinary Resolution 4 |
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Description |
Proposed private placement of up to 30% of the total number of issued shares of LYC at an issue price to be determined and announced later, to the following parties:- (a) allocation to third party investor(s) where such investor(s) shall be person(s) who/ which qualify under Schedules 6 and 7 of the Capital Markets and Services Act 2007; and (b) allocation to Lim Yin Chow, Sui Diong Hoe and Ahmad Rafique bin Mat Tahir, pursuant to their respective undertaking to subscribe and/ or cause their nominee(s) to subscribe for a total of up to 95,000,000 new LYC shares which are not subscribed for or taken up by any third party investor(s) |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 15 | 2 |
No. of Shares | 174,292,400 | 35,000 |
% of Voted Shares | 99.9799 | 0.0201 |
Result | Accepted | |
5. Ordinary Resolution 5 |
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Description |
Proposed allocation to Lim Yin Chow pursuant to his undertaking to subscribe and/ or cause his nominee(s) to subscribe for a total of up to 46,500,000 new LYC shares which are not subscribed for or taken up by any third party investor(s) |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 15 | 1 |
No. of Shares | 174,292,400 | 25,000 |
% of Voted Shares | 99.9857 | 0.0143 |
Result | Accepted | |
6. Ordinary Resolution 6 |
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Description |
Proposed allocation to Sui Diong Hoe pursuant to his undertaking to subscribe and/ or cause his nominee(s) to subscribe for a total of up to 37,000,000 new LYC shares which are not subscribed for or taken up by any third party investor(s) |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 18 | 1 |
No. of Shares | 241,233,100 | 25,000 |
% of Voted Shares | 99.9896 | 0.0104 |
Result | Accepted | |
7. Ordinary Resolution 7 |
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Description |
Proposed acquisition by LYC SG, an indirect wholly-owned subsidiary of LYC, of the remaining 49% equity interest in T&T Medical Group Pte Ltd for a purchase consideration OF SGD8,100,000 |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 21 | 0 |
No. of Shares | 243,915,600 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
8. Ordinary Resolution 8 |
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Description |
Proposed acquisition by LYC SG, an indirect wholly-owned subsidiary of LYC, of the remaining 49% equity interest in HC Orthopaedic Surgery Pte Ltd for a purchase consideration of SGD9,163,000 |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 21 | 0 |
No. of Shares | 243,915,600 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
Please refer attachment below.
Announcement Info
Company Name | LYC HEALTHCARE BERHAD |
Stock Name | LYC |
Date Announced | 23 Jun 2022 |
Category | General Meeting |
Reference Number | GMA-23062022-00018 |
Corporate Action ID | MY220623MEET0018 |