Corporate News
Resolutions Passed At The Annual General Meeting
Jul 29, 2010
The Board of Directors of Willas-Array Electronics (Holdings) Limited ("the Company") is pleased to announce that all resolutions as set out in the Notice of Annual General Meeting dated 13 July 2010 have been duly passed at the Annual General Meeting of the Company held on 29 July 2010 with the exception of the resolution No.7 on the Authority to Allot and Issue Shares up to 50% of the total issued share capital which was passed after revising downwards the ceiling limit for the issue of shares other than on a pro-rata basis from 20% to 10% on the requests of the shareholder presents to read as follows: -"THAT pursuant to Rule 806 of the Listing Manual of the Singapore Exchange Securities Trading Limited, the Directors of the Company be and are hereby authorised to issue and allot new shares in the Company (whether by way of rights, bonus or otherwise) at any time and upon such terms and conditions and for such purposes and to such persons as the Directors may, in their absolute discretion, deem fit, PROVIDED ALWAYS that the aggregate number of shares and convertible securities to be issued pursuant to this Resolution shall not exceed 50% of the total issued share capital of the Company, of which the aggregate number of shares and convertible securities to be issued other than on a pro-rata basis to existing shareholders of the Company shall not exceed 10% of the total issued share capital of the Company, and, unless revoked or varied by the Company in general meeting, such authority shall continue in force until the conclusion of the Company's next Annual General Meeting or the date by which the Company's next Annual General Meeting is required by law or by the Bye-Laws of the Company to be held, whichever is the earlier."
