GENERAL MEETINGS: Outcome of Meeting
| SUCCESS TRANSFORMER CORPORATION BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 08 Dec 2020 |
| Time | 11:00 AM |
| Venue(s) |
Broadcast Venue at the Conference Room of the Company, No. 5, Jalan TSB 8, Taman Industri Sungai Buloh, 47000 Sungai Buloh, Selangor Darul Ehsan, Malaysia |
| Outcome of Meeting | The Board of Directors of Success Transformer Corporation Berhad ("the Company") is pleased to announce that at the Sixteenth Annual General Meeting ("16th AGM") of the Company held today, all the resolutions as set out in the Notice of the 16th AGM, dated 30 October 2020, were duly passed by the shareholders of the Company.
The voting in respect of the resolutions were carried out by way of a poll and the results of the poll were validated by Scrutineer Solutions Sdn. Bhd., the Independent Scrutineer appointed by the Company.
Details of the said results of the poll are set out below.
This announcement is dated 8 December 2020. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the payment of Directors' fees amounting to RM250,000/- for the financial year ending 30 June 2021 payable monthly in arrears after each month of completed service of the Directors during the subject financial year. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 56 | 6 |
| No. of Shares | 124,721,174 | 7,404 |
| % of Voted Shares | 99.9941 | 0.0059 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To approve an amount up to RM15,000/- as benefits payable to Non-Executive Directors of the Company for the period from 1 July 2020 to the Seventeenth Annual General Meeting of the Company in year 2021 pursuant to Section 230(1)(b) of the Companies Act 2016. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 56 | 6 |
| No. of Shares | 124,721,174 | 7,404 |
| % of Voted Shares | 99.9941 | 0.0059 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To re-elect Mr. Tan Ah Bah @ Tan Ah Ping who is retiring in accordance with Clause 90 of the Company's Constitution and being eligible, has offered himself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 57 | 7 |
| No. of Shares | 107,993,214 | 16,741,104 |
| % of Voted Shares | 86.5786 | 13.4214 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-elect Ms. Tan Chung Chay who is retiring in accordance with Clause 90 of the Company's Constitution and being eligible, has offered herself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 57 | 7 |
| No. of Shares | 107,993,214 | 16,741,104 |
| % of Voted Shares | 86.5786 | 13.4214 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To re-elect YBhg. Tan Sri Dato' Ahmad Fuzi Bin Hj Abdul Razak who is retiring in accordance with Clause 98 of the Company's Constitution and being eligible, has offered himself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 60 | 4 |
| No. of Shares | 124,732,014 | 2,304 |
| % of Voted Shares | 99.9982 | 0.0018 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To re-appoint Messrs. Crowe Malaysia PLT as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Directors to fix their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 62 | 2 |
| No. of Shares | 124,722,814 | 11,504 |
| % of Voted Shares | 99.9908 | 0.0092 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
Authority to issue shares pursuant to the Companies Act 2016. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 60 | 4 |
| No. of Shares | 124,732,014 | 2,304 |
| % of Voted Shares | 99.9982 | 0.0018 |
| Result | Accepted | |
8. Ordinary Resolution 8 |
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| Description |
Proposed Renewal of Existing Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 60 | 4 |
| No. of Shares | 124,732,014 | 2,304 |
| % of Voted Shares | 99.9982 | 0.0018 |
| Result | Accepted | |
9. Ordinary Resolution 9 |
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| Description |
Proposed Renewal of Share Buy-Back Authority. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 62 | 2 |
| No. of Shares | 124,733,114 | 1,204 |
| % of Voted Shares | 99.9990 | 0.0010 |
| Result | Accepted | |
10. Ordinary Resolution 10 |
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| Description |
Proposed Renewal of Authority for the Company to allot and issue new ordinary shares in the Company ("STC Shares"), for the purpose of the Dividend Reinvestment Scheme that provides the shareholders of the Company with the option to elect to reinvest their cash dividends in new STC Shares.
|
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 60 | 4 |
| No. of Shares | 124,732,014 | 2,304 |
| % of Voted Shares | 99.9982 | 0.0018 |
| Result | Accepted | |
Announcement Info
| Company Name | SUCCESS TRANSFORMER CORPORATION BERHAD |
| Stock Name | SUCCESS |
| Date Announced | 08 Dec 2020 |
| Category | General Meeting |
| Reference Number | GMA-06122020-00001 |
| Corporate Action ID | MY201206MEET0001 |