GENERAL MEETINGS: Outcome of Meeting
| LION POSIM BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 24 Nov 2020 |
| Time | 02:00 PM |
| Venue(s) |
Broadcast Venue, Meeting Hall, Level 16, Lion Office Tower No. 1 Jalan Nagasari 50200 Kuala Lumpur Wilayah Persekutuan Malaysia |
| Outcome of Meeting | The Board of Directors of Lion Posim Berhad ("LPB") (formerly known as Lion Forest Industries Berhad) wishes to announce that all the ordinary resolutions set out in the Notice of the 38th Annual General Meeting of LPB held on 24 November 2020 were duly passed by way of poll. The results of the poll were duly verified by Commercial Quest Sdn Bhd, the Independent Scrutineers appointed by the Company.
Details of the results of the poll are set out below. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the payment of Directors' fees amounting to RM190,000 for the financial year ended 30 June 2020. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 150 | 18 |
| No. of Shares | 172,792,883 | 82,008 |
| % of Voted Shares | 99.9526 | 0.0474 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To approve the payment of Directors' benefits of up to RM100,000 for the period commencing after the 38th Annual General Meeting until the next annual general meeting of the Company. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 148 | 19 |
| No. of Shares | 172,790,803 | 82,088 |
| % of Voted Shares | 99.9525 | 0.0475 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To re-elect Y. Bhg. Tan Sri Cheng Heng Jem as Director who retires by rotation in accordance with Clause 110 of the Company's Constitution and who being eligible, has offered himself for re-election. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 157 | 13 |
| No. of Shares | 172,800,949 | 73,982 |
| % of Voted Shares | 99.9572 | 0.0428 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-elect Ms Cheng Hui Ya, Serena as Director who retires by rotation in accordance with Clause 110 of the Company's Constitution and who being eligible, has offered herself for re-election. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 157 | 13 |
| No. of Shares | 172,800,949 | 73,982 |
| % of Voted Shares | 99.9572 | 0.0428 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To re-appoint Messrs Deloitte 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 | 162 | 8 |
| No. of Shares | 172,873,229 | 1,702 |
| % of Voted Shares | 99.9990 | 0.0010 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To approve the authority to Directors to issue shares. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 157 | 13 |
| No. of Shares | 172,801,029 | 73,902 |
| % of Voted Shares | 99.9573 | 0.0427 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
To approve the proposed renewal of shareholders' mandate for recurrent related party transactions. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 136 | 15 |
| No. of Shares | 2,659,535 | 74,003 |
| % of Voted Shares | 97.2928 | 2.7072 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | LION POSIM BERHAD |
| Stock Name | LIONPSIM |
| Date Announced | 24 Nov 2020 |
| Category | General Meeting |
| Reference Number | GMA-23112020-00031 |
| Corporate Action ID | MY201123MEET0024 |