SSTEEL

0.580

+0.01 (+1.8%)

GENERAL MEETINGS: Outcome of Meeting

SOUTHERN STEEL BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 23 Nov 2020
Time 10:30 AM

Venue(s) 
Auditorium, Ground Floor

Menara Hong Leong

No. 6, Jalan Damanlela, Bukit Damansara

50490 Kuala Lumpur

Malaysia

Outcome of Meeting

We wish to announce that all resolutions set out in the Notice of the 58th Annual General Meeting of Southern Steel Berhad ("the Company") held on 23 November 2020 were duly passed by way of a poll.  The results of the poll were duly verified by Boardroom Corporate Services Sdn Bhd, the Independent Scrutineer appointed by the Company.

 

This announcement is dated 23 November 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Director Fees of RM500,000/- (2019: RM650,000/-) for the financial year ended 30 June 2020 to be divided amongst the Directors in such manner as the Directors may determine and Directors' Other Benefits of up to an amount of RM43,000/- from the Fifty-eighth Annual General Meeting ("AGM") to the Fifty-ninth AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 45 3
No. of Shares 494,148,611 32,319
% of Voted Shares 99.9935 0.0065
Result Accepted

2. Ordinary Resolution 2

Description 
To re-appoint KPMG PLT as Auditors of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 49 0
No. of Shares 494,182,930 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Ordinary Resolution 3

Description 
To approve the re-election of Mr Ang Kong Hua as a  Director and his continuation in office as an Independent Non-Executive Director
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 46 2
No. of Shares 494,144,130 34,800
% of Voted Shares 99.9930 0.0070
Result Accepted

4. Ordinary Resolution 4

Description 
To approve the Authority To Directors To Allot Shares
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 49 0
No. of Shares 494,182,930 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Ordinary Resolution 5

Description 
To approve the Proposed Renewal Of Shareholders' Mandate For Recurrent Related Party Transactions Of A Revenue Or Trading Nature With Hong Leong Company (Malaysia) Berhad ("HLCM") And Persons Connected With HLCM
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 46 0
No. of Shares 76,946,284 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Ordinary Resolution 6

Description 
To approve the Proposed Renewal Of Shareholders' Mandate For Recurrent Related Party Transactions Of A Revenue Or Trading Nature With Su Hock Company Sdn Berhad And Its Subsidiary
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 39 0
No. of Shares 427,743,512 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Ordinary Resolution 7

Description 
To approve the Proposed Renewal Of Shareholders' Mandate For Recurrent Related Party Transactions Of A Revenue Or Trading Nature With Hong Bee Hardware Company, Sdn Berhad And Its Subsidiary
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 45 0
No. of Shares 485,570,192 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Ordinary Resolution 8

Description 
To approve the Proposed Renewal Of Shareholders' Mandate For Recurrent Related Party Transactions Of A Revenue Or Trading Nature With Hong Leong Investment Holdings Pte. Ltd. ("HLIH") And Persons Connected With HLIH
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 49 0
No. of Shares 494,182,930 0
% of Voted Shares 100.0000 0.0000
Result Accepted





Announcement Info

Company Name SOUTHERN STEEL BERHAD
Stock Name SSTEEL
Date Announced 23 Nov 2020
Category General Meeting
Reference Number GMA-23112020-00009
Corporate Action ID MY201123MEET0006


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