Results of Special General Meeting Held on 1 March 2018

The Board of Directors (the “Board”) of Silverlake Axis Ltd. (the “Company” and together with its subsidiaries, the “Group”) is pleased to announce, in accordance with Rule 704(16) of the Listing Manual of the Singapore Exchange Securities Trading Limited, that the Resolution as set out in the Notice of the Special General Meeting (the “SGM”) dated 9 February 2018 was put to shareholders and duly passed by way of poll at the SGM held today.

Unless otherwise defined or the context otherwise requires, all capitalised terms herein shall bear the same meanings as ascribed to them in the circular to shareholders dated 9 February 2018 issued by the Company (the “Circular”).

  • (a) The result of the poll on the resolution put to the vote at the SGM is set out below:

    Resolution No. and Details Total Number of Shares Represented by Votes For and Against the Relevant Resolution For Against
    Number of Shares As a Percentage of Total Number of Votes For and Against the Resolution (%) Number of Shares As a Percentage of Total Number of Votes For and Against the Resolution (%)
    Ordinary Resolution 1
    • Proposed Share Acquisition;
    • Proposed Ancillary Agreements; and
    • Proposed Consideration Share Issue, including specifically, the proposed issue to Goh Peng Ooi (“GPO”) of his portion of the Consideration Shares,

    all in accordance with and subject to the terms of the SPA.

    518,078,645 517,796,207 99.95 282,438 0.05

  • (b) Details of parties who abstained from voting on resolution:

    As set out in paragraph 12 of the Circular, GPO, being an “interested person” with respect to the Proposed Transaction within the meaning of Chapter 9 of the Listing Manual, and his associates (including his daughter, Ms Goh Shiou Ling, a non-executive director of the Company), had abstained from voting on the Ordinary Resolution 1.

    GPO has a deemed interest in the issued and paid-up share capital of the Company arising from the 1,701,855,043 shares in the Company held by his wholly-owned company, Intelligentsia Holding Ltd.

    Furthermore, GPO and his associates did not act as proxies in relation to Ordinary Resolution 1.

  • (c)DrewCorp Services Pte Ltd was the appointed scrutineer for the SGM.

By Order of the Board

Dr Kwong Yong Sin
Group Managing Director

1 March 2018

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