GENERAL MEETINGS: Outcome of Meeting

TADMAX RESOURCES BERHAD

Type of Meeting Extraordinary
Indicator Outcome of Meeting
Date of Meeting 16 Oct 2020
Time 10:00 AM

Venue(s)
2-1, Jalan Sri Hartamas 8,

Sri Hartamas,

50480 Kuala Lumpur,

Wilayah Persekutuan Kuala Lumpur

Malaysia

Outcome of Meeting

On behalf of the Board of Directors of Tadmax Resources Berhad (“Tadmax” or “Company”), Hong Leong Investment Bank Berhad is pleased to announce that all the ordinary resolutions as set out in the Notice of Extraordinary General Meeting (“EGM”) dated 30 September 2020 were duly passed by the shareholders of the Company at the EGM held today, 16 October 2020.

The voting in respect of all the ordinary resolutions was carried out by way of a poll and the result of the poll was validated by BDO PLT, the independent scrutineer appointed by the Company.

The details of the said result are set out in the attachment.

This announcement is dated 16 October 2020.


Voting Results


1. Ordinary Resolution 1

Description
PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN MAJESTIC MAXIM SDN BHD ("MAJESTIC MAXIM") BY TADMAX FROM MAXIM HOLDINGS SDN BHD ("MAXIM HOLDINGS") FOR A CONSIDERATION OF RM115,000,000 TO BE SATISFIED ENTIRELY VIA THE ISSUANCE OF 469,387,755 NEW ORDINARY SHARES IN TADMAX ("TADMAX SHARES") AT AN ISSUE PRICE OF RM0.245 PER TADMAX SHARE ("PROPOSED ACQUISITION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 13 1
No. of Shares 158,039,215 410,000
% of Voted Shares 99.7412 0.2588
Result Accepted

2. Ordinary Resolution 2

Description
PROPOSED EXEMPTION UNDER PARAGRAPH 4.08(1)(a) OF THE RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS ("RULES") TO MAXIM HOLDINGS AND PERSONS ACTING IN CONCERT WITH IT ("PACS"), FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER TO ACQUIRE THE REMAINING TADMAX SHARES NOT ALREADY OWNED BY THEM AFTER THE PROPOSED ACQUISITION ("PROPOSED EXEMPTION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 12 1
No. of Shares 158,039,115 410,000
% of Voted Shares 99.7412 0.2588
Result Accepted



Please refer attachment below.

Attachments

Tadmax - EGM Poll Result.pdf
1.4 MB




Announcement Info

Company Name TADMAX RESOURCES BERHAD
Stock Name TADMAX
Date Announced 16 Oct 2020
Category General Meeting
Reference Number GMA-15102020-00002
Corporate Action ID MY201015MEET0002