GENERAL MEETINGS: Outcome of Meeting
| TCS GROUP HOLDINGS BERHAD |
| Type of Meeting | Extraordinary |
| Indicator | Outcome of Meeting |
| Date of Meeting | 01 Apr 2024 |
| Time | 10:00 AM |
| Venue(s) |
Vote2U Online Website operated by Agmo Digital Solutions Sdn Bhd at https://web.vote2u.my from Broadcast Venue at Boardroom, No. 1 & 3, Bangunan TCS, Jalan SP 1/1, Bandar Saujana Putra, 42610 Jenjarom, Selangor Darul Ehsan Malaysia |
| Outcome of Meeting | The Board of Directors of TCS Group Holdings Berhad ("the Company") is pleased to announce that all resolutions as set out in the Notice of the Extraordinary General Meeting ("EGM") dated 12 March 2024 were duly passed by the shareholders of the Company at the EGM held today, 1 April 2024.
All the resolutions were voted by way of poll and the result of the poll were validated by Aegis Communication Sdn. Bhd., an independent scrutineer appointed by the Company.
This announcement is dated 1 April 2024. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
Proposed Renounceable Rights Issue of up to 243,600,000 new Ordinary Shares in TCS ("TCS Shares" or "Shares") ("Rights Shares") at an issue price of RM0.12 per Rights Share on the basis of two Rights Shares for every five existing TCS shares held by the Ordinary Shareholders of TCS as at the close of business on an entitlement date to be determined and announced later by the Board of Directors of TCS, together with up to 146,160,000 free detachable warrants in the Company ("Warrants B") on the basis of three Warrants B for every five Rights Shares subscribed for ("Proposed Rights Issue with Warrants")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 12 | 7 |
| No. of Shares | 22,229,200 | 2,800 |
| % of Voted Shares | 99.9874 | 0.0126 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
Proposed Exemption under Subparagraph 4.08(1)(b) of the Rules on Take-Overs, Mergers and Compulsory Acquisitions issued by the Securities Commission Malaysia to Dato Ir. Tee Chai Seng and person acting in concert with him, from the obligation to undertake a mandatory offer for the remaining TCS shares and Warrants B not already owned by under the Proposed Rights Issue with Warrants ("Proposed Exemption")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 13 | 6 |
| No. of Shares | 22,222,800 | 9,200 |
| % of Voted Shares | 99.9586 | 0.0414 |
| Result | Accepted | |
Announcement Info
| Company Name | TCS GROUP HOLDINGS BERHAD |
| Stock Name | TCS |
| Date Announced | 01 Apr 2024 |
| Category | General Meeting |
| Reference Number | GMA-01042024-00001 |
| Corporate Action ID | MY240401MEET0001 |