MFLOUR

0.670

+0.01 (+1.5%)

GENERAL MEETINGS: Outcome of Meeting

MALAYAN FLOUR MILLS BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 24 Jun 2020
Time 10:00 AM

Venue(s)
Broadcast Venue: Auditorium, 3rd Floor, Wisma MCA

163 Jalan Ampang

50450 Kuala Lumpur

Malaysia

Outcome of Meeting

The Board of Directors of Malayan Flour Mills Berhad ("MFM" or "the Company")  wishes to announce that all the resolutions set out in the Notice of Sixtieth Annual General Meeting ("60th AGM") dated 27 April 2020 and tabled at the 60th AGM of the Company held today, 24 June 2020 were duly passed.

The Audited Financial Statements of the Company for the financial year ended 31 December 2019 and the Directors' and Auditors' Reports thereon were received and duly tabled at the 60th AGM under Agenda 1.

Resolutions 1 to 9 were voted on a poll via the Remote Participation and Electronic Voting facilities (Boardroom Smart Investor Portal at https://web.lumiagm.com/) in accordance with Paragraph 8.29A of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

The 60th AGM was conducted fully virtual at the Broadcast Venue. The results were validated by Boardroom Corporate Services Sdn Bhd, the Independent Scrutineer appointed by MFM. Please refer to the attachment for the poll results.

This announcement is dated 24 June 2020.


Voting Results


1. Ordinary Resolution 1

Description
To re-elect Datuk Oh Chong Peng, who retires by rotation in accordance with Clause 132 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 131 24
No. of Shares 431,803,737 199,746
% of Voted Shares 99.9538 0.0462
Result Accepted

2. Ordinary Resolution 2

Description
To re-elect Dato Wira Zainal Abidin bin Mahamad Zain, who retires by rotation in accordance with Clause 132 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 128 27
No. of Shares 431,761,950 241,533
% of Voted Shares 99.9441 0.0559
Result Accepted

3. Ordinary Resolution 3

Description
To re-elect Mr Prakash A/L K.V.P Menon, who retires by rotation in accordance with Clause 132 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 123 32
No. of Shares 431,632,304 371,179
% of Voted Shares 99.9141 0.0859
Result Accepted

4. Ordinary Resolution 4

Description
To re-elect Dato Maznah binti Abdul Jalil, who retires in accordance with Clause 115 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 125 30
No. of Shares 431,761,454 242,029
% of Voted Shares 99.9440 0.0560
Result Accepted

5. Ordinary Resolution 5

Description
To approve the payment of Directors fees of RM847,233 for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 108 45
No. of Shares 431,613,348 312,135
% of Voted Shares 99.9277 0.0723
Result Accepted

6. Ordinary Resolution 6

Description
To approve an amount of up to RM320,000 as benefits payable to the Directors for the period from the conclusion of the 60th AGM until the conclusion of the next AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 105 48
No. of Shares 431,605,673 319,810
% of Voted Shares 99.9260 0.0740
Result Accepted

7. Ordinary Resolution 7

Description
To re-appoint Messrs KPMG PLT as Auditors of the Company for the financial year ending 31 December 2020 and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 135 19
No. of Shares 431,815,382 149,051
% of Voted Shares 99.9655 0.0345
Result Accepted

8. Ordinary Resolution 8

Description
Authority to Directors to Allot and Issue Shares Pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 122 33
No. of Shares 430,469,444 1,534,039
% of Voted Shares 99.6449 0.3551
Result Accepted

9. Ordinary Resolution 9

Description
Proposed Renewal of Authority for Share Buy-back
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 131 24
No. of Shares 430,589,749 1,413,734
% of Voted Shares 99.6727 0.3273
Result Accepted



Please refer attachment below.




Announcement Info

Company Name MALAYAN FLOUR MILLS BERHAD
Stock Name MFLOUR
Date Announced 24 Jun 2020
Category General Meeting
Reference Number GMA-17062020-00016
Corporate Action ID MY200617MEET0014