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PRACTICE NOTE 17 / GUIDANCE NOTE 3 : REGULARISATION PLAN

DAYA MATERIALS BERHAD

Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
REGULARISATION PLAN
Description
DAYA MATERIALS BERHAD ("DMB" OR THE "COMPANY")

(I)     PROPOSED SHARE EXCHANGE;
(II)    PROPOSED TRANSFER OF LISTING STATUS;
(III)   PROPOSED REORGANISATION;
(IV)   PROPOSED DCMT ACQUISITION;
(V)    PROPOSED DMAX ACQUISITION 1;
(VI)   PROPOSED DMAX ACQUISITION 2;
(VII)  PROPOSED DEBT SETTLEMENT;
(VIII) PROPOSED FEE SETTLEMENT;
(IX)   PROPOSED PRIVATE PLACEMENT; AND
(X)    PROPOSED LTIP

(COLLECTIVELY, THE "PROPOSED REGULARISATION PLAN")

Reference is made to the Company’s announcements dated 31 December 2020, 25 February 2021, 17 March 2021, 19 March 2021, 31 May 2021, 2 June 2021 and 10 June 2021 in relation to the Proposed Regularisation Plan (“Announcements”). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as defined in the aforesaid Announcements.

On behalf of the Board, HLIB wishes to announce that the DMB Scheme Creditors have duly approved the proposed DMB SOA at the CCM held today.

The results of the poll were validated by SKY Corporate Services Sdn Bhd, the independent scrutineer appointed by DMB. The results of the poll are as follows:

 

 

Votes in favour

Votes against

Result

Value of debts
(RM)

%

Value of debts
(RM)

%

Proposed DMB SOA

125,443,650

96.7

4,270,833

3.3

Carried

 

The application to the High Court of Malaya for the sanction of the proposed DMB SOA will be made in due course.

This announcement is dated 2 July 2021.






Announcement Info

Company Name DAYA MATERIALS BERHAD
Stock Name DAYA
Date Announced 02 Jul 2021
Category General Announcement for PLC
Reference Number GA1-30062021-00062




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