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Result of EGM and Directorate Change

30 Apr 2020 13:38

RNS Number : 5288L
Green & Smart Holdings plc
30 April 2020
 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

 

30 April 2020

 

Green & Smart Holdings plc

("Green & Smart" or the "Company")

 

Result of Extraordinary General Meeting and Directorate Change

 

Green & Smart Holdings plc (AIM: GSH), a renewable energy company generating power from biogas captured through the treatment of palm oil mill effluent ("POME") in Malaysia, announces that at the Extraordinary General Meeting ("EGM") of the Company held earlier today, the revised resolution to change the Company's name to BiON plc was duly passed. The result of the proxy voting was 173,438,857 (100%) votes for, no votes against and 87,806 votes withheld. The Company will update investors once the name change becomes effective.

 

The Company also announces, further to the announcement of 3 January 2020, the appointment of Dato' Dr. Ir. Ts. Mohd Abdul Karim Bin Abdullah as Non-executive Chairman and Mr. Habizan Rahman Bin Habeeb Rahman as Executive Director of the Company with immediate effect. Datuk Haji Radzali Hassan, the former Chairman, remains on the Board of Directors and becomes Senior Independent Non-Executive Director.

 

Syed Nazim bin Syed Faisal, Executive Director of the Company, said:

 

"We are delighted to welcome Dato' Karim and Mr. Habizan Rahman to the Board. They each bring tremendous experience in their respective fields, which will prove invaluable to Green & Smart as we seek to become the leading provider of biogas power plants in Malaysia and to expand our business into neighbouring markets."

 

 

Dato' Dr. Ir. Ts. Mohd Abdul Karim Bin Abdullah

 

Dato' Karim, aged 54, is Group Managing Director and CEO of Serba Dinamik Holdings ("Serba") and has over 30 years' experience in the engineering industry, primarily in the power, oil and gas sectors. He began his career as a mechanical engineer at Asean Bintulu Fertiliser Sdn Bhd. In 1993 he established Serba and has overseen its growth to become an international energy services group with a market value of approximately £1 billion. Serba has been listed on the Main Market of Bursa Malaysia since 8 February 2017 with stock name SERBADK and Stock Code 5279.

 

Dato' Karim has held the following directorships and / or partnerships in the past 5 years

 

Current:

Past:

CSE Global Limited

SD Associates Sdn Bhd

Serba Dinamik Holdings Berhad

Blackseed Dynamic Sdn Bhd

Sarawak Consolidated Industries Berhad

Watta Holding Berhad

Kumpulan Powernet Berhad

Serba Dinamik Group Berhad

Serba Dinamik International Ltd

Serba Dinamik Sdn Bhd

Serba Dinamik IT Solutions Sdn Bhd

SD Controls Sdn Bhd

SD Advance Engineering Sdn Bhd

Serba Dinamik (Brunei) Sdn Bhd

AR Global Engineering Sdn Bhd

Serba Dinamik RMC FZE

PT Serba Dinamik Indonesia

Serba Dinamik International Petroleum Services Co W.L.L. (Bahrain)

Serba Dinamik International (Qatar)

Serba Dinamik International Limited (UK)

PT Kubic Gasco

Quantum Offshore Limited

Telegistics Asia Sdn Bhd

Serba Dinamik Construction Sdn Bhd

Asian Taste Global Sdn Bhd

D'Lloyd Technologies Ltd

Emirtech Glassflake Sdn Bhd

Emirtech International Limited

Emirtech Network Sdn Bhd

Emirtech Technologies Sdn Bhd

Klinik Dinamik Sdn Bhd

Rosegate Insurance Brokers Sdn Bhd

Ladangku Maju Sdn Bhd

SD Associates Consult Sdn Bhd

SD Associates Venture Sdn Bhd

SD Impex Sdn Bhd

Forefront Solutions Sdn Bhd

KB Engineering Coating Sdn Bhd

EMCO Holdings SA

SD International Sukuk Limited

SD International Sukuk II Limited

Konsortium KAJV Sdn Bhd

Adat Sanjung Sdn Bhd

Al-Sagar Engineering Group LLC

Sreem Serba Turbines Private Limited

Sufini Holdings Ltd

Materials Technology Education Sdn Bhd

eNoah iSolution India Private Limited

Serba Dinamik Power Sdn Bhd

Serba Dinamik Development Sdn Bhd

Silver Reap Sdn Bhd

Brewriffic Sdn Bhd

SDIT International Limited

Psicon AVV

Psicon BV

OHP Ventures Incorporated

E&E Gas Sdn Bhd

Bintulu Oil & Gas City Sdn Bhd

Excess Omega Sdn Bhd

Get Development Sdn Bhd.

Cabang Hebat Sdn Bhd

Comerich Sdn Bhd

JM Bariani House (Subang Jaya) Sdn Bhd

JM Bariani House Catering Sdn Bhd

JM Bariani House Sdn Bhd

Ladangku Farm Sdn Bhd

One River Power Sdn Bhd

SD Resource Development Sdn Bhd

SG Rek Sdn Bhd

Quantum Pump Systems Limited

 

Dato' Karim has no direct interest in the Company's securities. However, he is the Managing Director, CEO and a 21.7 per cent. shareholder in Serba Dinamik Holdings Berhad which, via two wholly-owned subsidiaries, is interested in a total of 86,403,581 ordinary shares in the Company representing 20 per cent. of the Company's issued share capital.

 

Mr. Habizan Rahman Bin Habeeb Rahman

 

Mr. Habizan Rahman, aged 43, is Managing Partner of Messrs. Rahman Rohaida and Chief Legal & Regulatory at iFIBER Holdings Sdn Bhd. He has been practising law since 2005, working at a number of Malaysian law firms, namely Messrs. Kadir Andri & Partners before establishing Messrs. Rahman Rohaida in 2011. His experience includes representing large construction companies and a major international oil & gas business in matters relating to commercial, banking, defamation, tort and corporate dispute resolution.

 

At iFIBER, a provider of high-speed internet network infrastructure in Malaysia and of which Mr. Habizan Rahman is also a shareholder, he oversees legal and regulatory matters as well as fund raising for the portfolio.

 

Mr. Habizan Rahman has held the following directorships and / or partnerships in the past 5 years

 

Current:

Past:

Messrs. Rahman Rohaida

None

Mann Consortium Sdn Bhd

K2M Ventures Sdn Bhd

 

Mr. Habizan Rahman has no direct interest in the Company's securities. However, he is the Director and soon-to-be shareholder of K2M Ventures Sdn Bhd. He has agreed to purchase the shares of K2MV, completion of which is subject to certain conditions being finalised. On completion, through K2MV, he will have an interest in 112,319,753 ordinary shares in the Company representing 26 per cent. of the Company's issued share capital.

 

 

There are no other matters required to be disclosed pursuant to paragraph (g) of Schedule Two to the AIM Rules for Companies as regards Dato' Karim's and Mr. Habizan Rahman's appointments.

 

 

Enquiries

 

Green & Smart Holdings plc

Syed Nazim bin Syed Faisal, Executive Director

+603 2095 0024

Beaumont Cornish (Nominated Adviser)

Roland Cornish, Felicity Geidt

+44 20 7628 3396

Optiva Securities (Broker)

Vishal Balasingham

+44 20 3137 1903

Luther Pendragon (Financial PR Adviser)

Claire Norbury, Rachel So

+44 20 7618 9100

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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