GENERAL MEETINGS: Outcome of Meeting

ICON OFFSHORE BERHAD

Type of Meeting Extraordinary
Indicator Outcome of Meeting
Date of Meeting 27 Jan 2025
Time 10:00 AM

Venue(s) 
Fully virtual basis via Online Meeting Platform

with remote participation and electronic voting facilities

at https://meeting.boardroomlimited.my

provided by Boardroom Share Registrars Sdn Bhd in

Malaysia

Outcome of Meeting 
The Board of Directors of Icon Offshore Berhad (“ICON" or "the Company”) wishes to announce that all the resolutions set out in the Notice of the Extraordinary General Meeting ("EGM") dated 10 January 2025 were duly passed at the EGM of the Company held today. 

All the resolutions were voted by poll and the results of the poll were validated by SKY Corporate Services Sdn. Bhd., the Independent Scrutineer appointed by the Company. 

The details of the poll result are set out below.

Voting Results

1. ORDINARY RESOLUTION 1

Description 
Proposed Acquisition of 100 Ordinary Shares in Liannex Fleet Pte Ltd (“Liannex Fleet”), representing 100% of the issued and paid-up Share Capital of Liannex Fleet, by Icon From Liannex Corporation (S) Pte Ltd (“Liannex Corporation”) for a purchase consideration of RM182.0 million, (to be wholly satisfied via issuance of 206,818,182 new Ordinary Shares in Icon (“Consideration Shares”) at an issue price of RM0.88 per Consideration Share (“Issue Price”)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 295 21
No. of Shares 91,466,801 167,678
% of Voted Shares 99.8170 0.1830
Result Accepted

2. ORDINARY RESOLUTION 2

Description 
Proposed Acquisition of 5,324,400 Ordinary Shares in Yinson Power Marine Sdn Bhd (“Yinson Power Marine”), representing 51% of the issued share capital of Yinson Power Marine, by Icon from Mr Lim Han Weng for a purchase consideration of RM18.0 Million to be wholly satisfied via issuance of 20,454,545 Consideration Shares at the Issue Price
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 294 22
No. of Shares 91,466,800 167,679
% of Voted Shares 99.8170 0.1830
Result Accepted

3. ORDINARY RESOLUTION 3

Description 
Proposed Acquisition of 525,000 Ordinary Shares in Regulus Offshore Sdn Bhd (“Regulus Offshore”), representing 70% of the issued share capital of Regulus Offshore, and 25,000,000 outstanding Non-Convertible Redeemable Preference Shares in Regulus Offshore, by Icon from Yinson Offshore Services Sdn Bhd (“Yinson Offshore”) for a Purchase Consideration of RM136.0 million to be wholly satisfied via issuance of 154,545,455 Consideration Shares at the Issue Price
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 294 22
No. of Shares 91,466,800 167,679
% of Voted Shares 99.8170 0.1830
Result Accepted

4. ORDINARY RESOLUTION 4

Description 
Proposed Acquisition of 1 Ordinary Share in Yinson Camellia Sdn Bhd (“Yinson Camellia”), representing 100% of the issued share capital of Yinson Camellia, by Icon from Yinson Offshore for a Purchase Consideration of RM24.0 Million to be wholly satisfied via issuance of 27,272,727 Consideration Shares at the Issue Price
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 295 21
No. of Shares 91,466,801 167,678
% of Voted Shares 99.8170 0.1830
Result Accepted

5. ORDINARY RESOLUTION 5

Description 
Proposed Acquisition of 49,000 Ordinary Shares in Icon Bahtera (B) Sdn Bhd (“Icon Bahtera”), representing 49% of the issued and paid-up share capital of Icon Bahtera, and 3,011,000 outstanding Redeemable Preference Shares (“RPS”) in Icon Bahtera, by Icon from Zell Transportation Sdn Bhd (“Zell Transportation”) for a Purchase Consideration of RM33.7 million to be wholly satisfied via issuance of 38,295,455 Consideration Shares at the Issue Price
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 295 23
No. of Shares 444,102,936 167,878
% of Voted Shares 99.9622 0.0378
Result Accepted

6. ORDINARY RESOLUTION 6

Description 
Proposed Acquisition of 450,000 Ordinary Shares in Icon Waja (L) Inc. (“Icon Waja”), representing 15% of the issued and paid-up share capital in Icon Waja, by Icon From Zell Transportation for a Purchase Consideration of RM9.8 Million to be wholly satisfied via issuance of 11,136,364 Consideration Shares at the Issue Price
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 296 22
No. of Shares 444,102,937 167,877
% of Voted Shares 99.9622 0.0378
Result Accepted





Announcement Info

Company Name ICON OFFSHORE BERHAD
Stock Name ICON
Date Announced 27 Jan 2025
Category General Meeting
Reference Number GMA-27012025-00001
Corporate Action ID MY250127MEET0001