RSawit

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General Meetings: Outcome Of Meeting

BackOct 12, 2020
Type of Meeting Extraordinary
Indicator Outcome of Meeting
Date of Meeting 12 Oct 2020
Time 11:00 AM

 

Venue(s)

Level 2, North Wing,

Menara Rimbunan Hijau,

101, Pusat Suria Permata, Jalan Upper Lanang,

96000, Sibu, Sarawak
Malaysia
Outcome of Meeting

PROPOSED REDUCTION OF THE ISSUED SHARE CAPITAL OF RIMBUNAN SAWIT BERHAD (“RSB” OR “COMPANY”) PURSUANT TO SECTION 117 OF THE COMPANIES ACT, 2016 (“PROPOSED CAPITAL REDUCTION”)

 

(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as those used in the Company’s Circular dated 17 September 2020)

 

We refer to the announcements dated 25 August and 15 September 2020 in relation to the Proposed Capital Reduction.

 

On behalf of the Board of Directors of RSB, Maybank IB wishes to announce that the shareholders of RSB have at the EGM held today, approved the special resolution as set out in the Notice of EGM dated 16 September 2020 (“Special Resolution”).

 

The Special Resolution was voted by poll and the results of the poll were validated by Anna Lu & Co., the independent scrutineer appointed by the Company. 

 

This announcement is dated 12 October 2020.

 

Voting Results

1. 1. Special Resolution

 

Description

PROPOSED REDUCTION OF THE ISSUED SHARE CAPITAL OF THE COMPANY PURSUANT TO SECTION 117 OF THE COMPANIES ACT, 2016 ("ACT") ("PROPOSED CAPITAL REDUCTION")

Proposed Capital Reduction via the cancellation of the paid-up share capital of the Company which is lost or unrepresented by available assets of RM192,528,933 pursuant to Section 117 of the Act. The corresponding credit of RM192,528,933 arising from the Proposed Capital Reduction will be used to set-off against the Company's accumulated losses while the remaining balance, if any, will be credited to the retained earnings account of the Company, which shall be used in a manner to be determined by the Board of Directors of the Company (Board) at a later date and in the best interest of the Company, as permitted by the relevant and applicable laws as well as the Main Market Listing Requirements of Bursa Securities.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 24 0
No. of Shares 1,234,070,393 0
% of Voted Shares 100.0000 0.0000
Result Accepted

 

Please refer attachment below.



Announcement Info

Company Name RIMBUNAN SAWIT BERHAD
Stock Name RSAWIT
Date Announced 12 Oct 2020
Category General Meeting
Reference Number GMA-12102020-00008
Corporate Action ID MY201012MEET0008



Attachments

  1. EGM_-_Announcement_(Appendix_1_-_Polling_result)_vF.pdf (Size: 201,471 bytes)