GENERAL MEETINGS: Outcome of Meeting
| MERIDIAN BERHAD |
| Type of Meeting | Extraordinary |
| Indicator | Outcome of Meeting |
| Date of Meeting | 22 Dec 2022 |
| Time | 10:00 AM |
| Venue(s) |
Online meeting platform (https://bit.ly/3guJidw) Level 5, Tower 8, Avenue 5, Horizon 2, Bangsar South City 59200 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur Malaysia |
| Outcome of Meeting | On behalf of the Board of Directors of Meridian Berhad (“Meridian” or the “Company”), Malacca Securities Sdn. Bhd. wishes to announce that the shareholders of the Company had approved all the resolutions set out in the Notice of Extraordinary General Meeting (“EGM”) dated 30 November 2022, at the EGM of the Company held on 22 December 2022.
The resolutions were passed by way of poll and the results of the poll were validated by U Search Management Services, being the Independent Scrutineer appointed by the Company.
This announcement is dated 22 December 2022. |
Voting Results |
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1. ORDINARY RESOLUTION 1 |
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| Description |
PROPOSED COLLABORATION BETWEEN MERIDIAN AND M101 HOLDINGS SDN BHD ("M101") TO FACILITATE THE LICENSE AGREEMENT FOR MERIDIAN'S DEVELOPMENT AND OPERATION OF A WATER PARK ("PROPOSED COLLABORATION")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 19 | 3 |
| No. of Shares | 329,013,726 | 3,001 |
| % of Voted Shares | 99.9991 | 0.0009 |
| Result | Accepted | |
2. ORDINARY RESOLUTION 2 |
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| Description |
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,190,746,395 NEW ORDINARY SHARES IN MERIDIAN ("MERIDIAN SHARES" OR "SHARES") ("RIGHTS SHARES") TOGETHER WITH UP TO 595,373,197 FREE DETACHABLE WARRANTS ("WARRANTS D") TO THE ENTITLED SHAREHOLDERS OF MERIDIAN, ON THE BASIS OF 10 RIGHTS SHARES TOGETHER WITH 5 WARRANTS D FOR EVERY 2 CONSOLIDATED SHARES (AS DEFINED HEREIN) HELD BY THE ENTITLED SHAREHOLDERS OF MERIDIAN ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED RIGHTS ISSUE WITH WARRANTS")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 15 | 6 |
| No. of Shares | 328,196,521 | 820,202 |
| % of Voted Shares | 99.7507 | 0.2493 |
| Result | Accepted | |
3. ORDINARY RESOLUTION 3 |
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| Description |
PROPOSED DIVERSIFICATION OF THE EXISTING PRINCIPAL ACTIVITIES OF MERIDIAN AND ITS SUBSIDIARIES ("MERIDIAN GROUP" OR THE "GROUP") TO INCLUDE LEISURE AND HOSPITALITY BUSINESSES ("PROPOSED DIVERSIFICATION")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 18 | 3 |
| No. of Shares | 329,013,722 | 3,001 |
| % of Voted Shares | 99.9991 | 0.0009 |
| Result | Accepted | |
4. ORDINARY RESOLUTION 4 |
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| Description |
PROPOSED ESTABLISHMENT OF AN EMPLOYEES' SHARE OPTIONS SCHEME ("SCHEME") INVOLVING UP TO 15% OF THE TOTAL ISSUED SHARES (EXCLUDING TREASURY SHARES) AT ANY POINT IN TIME DURING THE DURATION OF THE SCHEME ("PROPOSED ESOS")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 16 | 6 |
| No. of Shares | 328,196,621 | 820,106 |
| % of Voted Shares | 99.7507 | 0.2493 |
| Result | Accepted | |
5. SPECIAL RESOLUTION 1 |
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| Description |
PROPOSED CONSOLIDATION OF EVERY 4 MERIDIAN SHARES INTO 1 CONSOLIDATED MERIDIAN SHARE ("CONSOLIDATED SHARE") ("PROPOSED SHARE CONSOLIDATION")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 15 | 6 |
| No. of Shares | 328,196,521 | 820,202 |
| % of Voted Shares | 99.7507 | 0.2493 |
| Result | Accepted | |
Announcement Info
| Company Name | MERIDIAN BERHAD |
| Stock Name | MERIDIAN |
| Date Announced | 22 Dec 2022 |
| Category | General Meeting |
| Reference Number | GMA-21122022-00001 |
| Corporate Action ID | MY221221MEET0001 |