GENERAL MEETINGS: Outcome of Meeting
| BTM RESOURCES BERHAD |
| Type of Meeting | Extraordinary |
| Indicator | Outcome of Meeting |
| Date of Meeting | 06 Feb 2026 |
| Time | 11:00 AM |
| Venue(s) |
Andaman 1, Level 2, Hotel Armada, Lot 6, Lorong Utara C, Section 52, 46200 Petaling Jaya, Selangor Darul Ehsan, Malaysia |
| Outcome of Meeting | The Board of Directors of BTM Resources Berhad ("BTM" or the "Company") is pleased to announce that all resolutions set out in the Notice of Extraordinary General Meeting ("EGM") of the Company dated 12 January 2026 were duly passed as Ordinary Resolutions and Special Resolution at the EGM of the Company held on Friday, 6 February 2026 at 11.00 a.m.
All the resolutions were voted by poll and the results of the poll were validated USearch Corporate Services Sdn. Bhd., the Independent Scrutineer appointed by the Company.
This announcement is dated 6 February 2026. |
Voting Results |
||
1. Ordinary Resolution 1 |
||
| Description |
Proposed Disposal by BTM Biomass Products Sdn Bhd ("BTMBP"), a wholly-owned subsidiary of BTM Resources Berhad ("BTM" or "Company") of a single-storey wood pellet manufacturing factory building with a gross floor area of 7,520.87 square metres, erected on the land ("Factory Building") to Gimzan Plywood Sdn Bhd ("Gimzan") for a total consideration of RM4.00 million payable by Gimzan to BTM which will be set-off against the settlement sum ("Factory Building Disposal Consideration") pursuant to the terms of the Sale and Purchase Agreement ("SPA") ("Proposed Factory Building Disposal")
|
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 20 | 1 |
| No. of Shares | 629,581,743 | 100 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
||
| Description |
Proposed Disposal by BTM Biomass Products Sdn Bhd ("BTMBP") of the Plant, Machinery and Equipment which are installed and equipped within the factory building ("PME") to Gimzan Plywood Sdn Bhd ("Gimzan") for a total consideration of RM0.50 million payable by Gimzan to BTMBP which will be set-off against the settlement sum ("PME Disposal Consideration") pursuant to the terms of the Sale and Purchase Agreement ("SPA") ("Proposed PME Disposal")
|
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 19 | 2 |
| No. of Shares | 629,581,643 | 200 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
||
| Description |
Proposed Variation of the Utilisation of Proceeds raised from the rights issue which was completed on 16 January 2023 ("Right Issue") ("Proposed Variation")
|
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 20 | 3 |
| No. of Shares | 766,100,545 | 288 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
4. Special Resolution |
||
| Description |
Proposed Reduction of RM80,000,000 of issued share capital of the Company pursuant to Section 117 of the Companies Act 2016 ("Act") ("Proposed Share Capital Reduction")
|
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 21 | 2 |
| No. of Shares | 766,100,645 | 188 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | BTM RESOURCES BERHAD |
| Stock Name | BTM |
| Date Announced | 06 Feb 2026 |
| Category | General Meeting |
| Reference Number | GMA-19012026-00005 |
| Corporate Action ID | MY260119MEET0005 |