The offeror and parties acting in concert with it, including PT Dian Swastatika Sentosa Tbk (DSS), abstained from voting on both resolutions. DSS holds 2,044,145,469 shares, or 77.49% direct interest in the company.
Shareholders of Golden Energy and Resources (SGX:AUE
) (GEAR) (SGX:AUE) have voted in favour of delisting the company and undertake a distribution in-specie of Gear's 62.5% stake in Indonesia-listed Golden Energy Mines (GEMS) to shareholders.
At an extraordinary general meeting (EGM) on June 9, the resolution to delist was passed with 99.89% approval, while the resolution to distribute GEMS shares was passed with 99.91% approval.
