GENERAL MEETINGS: Outcome of Meeting
| SEDANIA INNOVATOR BERHAD |
| Type of Meeting | Extraordinary |
| Indicator | Outcome of Meeting |
| Date of Meeting | 15 Aug 2025 |
| Time | 04:00 PM |
| Venue(s) |
Greens III Ballroom Tropicana Golf & Country Resort Jalan Kelab Tropicana 47410 Petaling Jaya, Selangor Malaysia |
| Outcome of Meeting | The Board of Directors of Sedania Innovator Berhad ("the Company") is pleased to announce that all resolutions as set out in the Notice of the Extraordinary General Meeting ("EGM") dated 29 July 2025 were duly approved by the shareholders of the Company at the EGM held today.
The voting in respect of the resolutions were carried out by way of a poll and the results were validated by AscendServ Capital Markets Services Sdn. Bhd., the Independent Scrutineer appointed by the Company. The details of the poll results are set out below.
The announcement is dated 15 August 2025. |
Voting Results |
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1. ORDINARY RESOLUTION 1 |
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| Description |
PROPOSED PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF SIB TO THIRD PARTY INVESTOR(S) TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER ("PROPOSED PRIVATE PLACEMENT")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 47 | 8 |
| No. of Shares | 129,759,883 | 217,600 |
| % of Voted Shares | 99.8326 | 0.1674 |
| Result | Accepted | |
2. ORDINARY RESOLUTION 2 |
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| Description |
PROPOSED ACQUISITION OF 1,160,000 ORDINARY SHARES IN OFFSPRING INC SDN BHD ("OFFSPRING"), REPRESENTING AN ADDITIONAL 29% EQUITY INTEREST IN OFFSPRING, FROM SEDANIA CORPORATION SDN BHD ("SCSB" OR THE "VENDOR") FOR A PURCHASE CONSIDERATION OF RM17.40 MILLION, TO BE SATISFIED ENTIRELY VIA CASH ("PROPOSED ACQUISITION")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 42 | 7 |
| No. of Shares | 6,902,365 | 32,600 |
| % of Voted Shares | 99.5299 | 0.4701 |
| Result | Accepted | |
Announcement Info
| Company Name | SEDANIA INNOVATOR BERHAD |
| Stock Name | SEDANIA |
| Date Announced | 15 Aug 2025 |
| Category | General Meeting |
| Reference Number | GMA-15082025-00002 |
| Corporate Action ID | MY250815MEET0002 |