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GENERAL MEETINGS: Outcome of Meeting

ES CERAMICS TECHNOLOGY BHD

Type of Meeting Extraordinary
Indicator Outcome of Meeting
Date of Meeting 29 Jul 2022
Time 10:00 AM

Venue(s)
Broadcast Venue:

The Envictus, Level 5

No. 11, Jalan 225, 46100 Petaling Jaya

Selangor Darul Ehsan

Malaysia

Outcome of Meeting

The Board of Directors of ES Ceramics Technology Berhad ("ES") wishes to announce that the shareholders of ES have at the Extraordinary General Meeting ("EGM") held this morning, approved all the resolutions as set out in the notice of EGM dated 12 July 2022 ("Resolutions").

The voting in respect of the Resolutions was carried out by way of a poll, results of which were validated by CBL Co, the independent scrutineer appointed by ES. Details of the results of the polling in respect of the Resolutions at the EGM are shown in the table.


Voting Results


1. Ordinary Resolution 1

Description
Proposed Acquisition of the entire equity interest in Evermix Concrete Sdn Bhd by the Company (70%) and its wholly-owned subsidiary Euroceramic Technologies Co., Ltd (30%) for a total purchase consideration of RM83,000,000 to be satisfied by a combination of cash payment of RM65,000,000 and issuance of 56,250,000 new ordinary shares in ES Ceramics at an issue price of RM0.32 per share amounting to RM18,000,000
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 33 14
No. of Shares 130,019,298 4,524,377
% of Voted Shares 96.6372 3.3628
Result Accepted

2. Ordinary Resolution 2

Description
Proposed Diversification of the existing business of the Company and its subsidiaries to include manufacturing and trading of construction materials
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 34 13
No. of Shares 130,139,285 4,404,390
% of Voted Shares 96.7264 3.2736
Result Accepted






Announcement Info

Company Name ES CERAMICS TECHNOLOGY BHD
Stock Name ESCERAM
Date Announced 29 Jul 2022
Category General Meeting
Reference Number GMA-29072022-00005
Corporate Action ID MY220729MEET0004



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