GENERAL MEETINGS: Outcome of Meeting
| VIVOCOM INTL HOLDINGS BERHAD |
| Type of Meeting | Extraordinary |
| Indicator | Outcome of Meeting |
| Date of Meeting | 23 Mar 2021 |
| Time | 11:00 AM |
| Venue(s) |
Broadcast Venue :- No. 4, Jalan Seri Utara 1, Off Jalan Ipoh, 68100 Batu Caves, Kuala Lumpur, Malaysia |
| Outcome of Meeting | The Board of Directors of VIVOCOM INTL HOLDINGS BERHAD (“the Company”) wishes to announce that all the Resolutions as set out in the Notice of the Extraordinary General Meeting (“EGM”), were duly passed by the shareholders of the Company at the EGM held on Tuesday, 23 March 2021.
The results were validated by Aegis Communication Sdn. Bhd., the Independent Scrutineer appointed by the Company.
Please refer below for the outcome of the EGM of the Company.
This announcement is dated 23 March 2021. |
Voting Results |
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1. PROPOSED ACQUISITION |
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| Description |
PROPOSED ACQUISITION BY VIVOCOM OF 113,535,000 ORDINARY SHARES IN V DEVELOPMENT SDN BHD (V DEVELOPMENT), REPRESENTING 45.0% EQUITY INTEREST IN V DEVELOPMENT, FROM DATO' SERI CHIA KOK TEONG (VENDOR) FOR A TOTAL PURCHASE CONSIDERATION OF RM171,000,000 TO BE SATISFIED VIA A COMBINATION OF CASH CONSIDERATION OF RM54,000,000, AND ISSUANCE AND ALLOTMENT OF 164,250,000 NEW ORDINARY SHARES IN VIVOCOM (VIVOCOM SHARE(S) OR SHARE(S)) (CONSIDERATION SHARE(S)) AT AN ISSUE PRICE OF RM0.40 PER CONSIDERATION SHARE, AND ISSUANCE AND ALLOTMENT OF UP TO 128,250,000 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES (ICPS) (CONSIDERATION ICPS) AT AN ISSUE PRICE OF RM0.40 PER CONSIDERATION ICPS (PROPOSED ACQUISITION) |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 38 | 2 |
| No. of Shares | 84,600,396 | 10,010 |
| % of Voted Shares | 99.9882 | 0.0118 |
| Result | Accepted | |
2. PROPOSED SUBSCRIPTION |
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| Description |
PROPOSED SUBSCRIPTION OF 169,936,172 NEW VIVOCOM SHARES, REPRESENTING APPROXIMATELY 30.0% OF THE TOTAL NUMBER OF ISSUED VIVOCOM SHARES (SUBSCRIPTION SHARE(S)) AT THE SUBSCRIPTION PRICE OF RM0.35 PER SUBSCRIPTION SHARE (PROPOSED SUBSCRIPTION) |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 35 | 5 |
| No. of Shares | 84,576,852 | 33,554 |
| % of Voted Shares | 99.9603 | 0.0397 |
| Result | Accepted | |
3. PROPOSED CONSTITUTION AMENDMENT |
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| Description |
PROPOSED AMENDMENT TO THE CONSTITUTION OF THE COMPANY TO FACILITATE THE IMPLEMENTATION OF THE PROPOSED ACQUISITION (PROPOSED CONSTITUTION AMENDMENT) |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 35 | 5 |
| No. of Shares | 84,576,852 | 33,554 |
| % of Voted Shares | 99.9603 | 0.0397 |
| Result | Accepted | |
Announcement Info
| Company Name | VIVOCOM INTL HOLDINGS BERHAD |
| Stock Name | VIVOCOM |
| Date Announced | 23 Mar 2021 |
| Category | General Meeting |
| Reference Number | GMA-23032021-00005 |
| Corporate Action ID | MY210323MEET0005 |