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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.