GENERAL MEETINGS: Outcome of Meeting
| KAWAN FOOD BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 19 Jun 2020 |
| Time | 10:30 AM |
| Venue(s) |
Broadcast Venue Tricor Business Centre, Manuka 2 & 3 Meeting Room Unit 29-01, Level 29, Tower A, Vertical Business Suite, Avenue 3 Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur Malaysia |
| Outcome of Meeting | The Board of Directors of Kawan Food Berhad ("KAWAN" or "the Company") wishes to announce that the results of the Sixteenth Annual General Meeting ("16th AGM") held earlier today are set out below.
All the resolutions put to the 16th AGM were decided by way of a poll via remote participation and electronic voting and the results of the poll were validated by Asia Securities Sdn Berhad, the independent Scrutineer appointed by the Company.
Please refer to the attachment for the details of the poll results.
This announcement is dated 19 June 2020.
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Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the Directors fees and benefits payable to the Directors of the Company of up to RM1 Million for the financial year ending 31 December 2020. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 111 | 10 |
| No. of Shares | 273,022,995 | 14,059 |
| % of Voted Shares | 99.9950 | 0.0050 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To re-elect Madam Kwan Sok Kay who is retiring under Clause 115(1) of the Constitution of the Company. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 113 | 8 |
| No. of Shares | 273,032,055 | 4,999 |
| % of Voted Shares | 99.9980 | 0.0020 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To re-elect Mr. Timothy Tan Heng Han who is retiring under Clause 115(1) of the Constitution of the Company. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 112 | 9 |
| No. of Shares | 273,031,955 | 5,099 |
| % of Voted Shares | 99.9980 | 0.0020 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-elect Mr. Nareshchandra Gordhandas Nagrecha who is retiring under Clause 115(1) of the Constitution of the Company. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 66 | 47 |
| No. of Shares | 728,403 | 71,748,015 |
| % of Voted Shares | 1.0050 | 98.9950 |
| Result | Rejected | |
5. Ordinary Resolution 5 |
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| Description |
To re-elect Dr. Nik Ismail Bin Nik Daud who is retiring under Clause 115(1) of the Constitution of the Company. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 113 | 8 |
| No. of Shares | 273,032,055 | 4,999 |
| % of Voted Shares | 99.9980 | 0.0020 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To re-appoint Messrs. RSM Malaysia as Auditors of the Company and to authorise the Directors to fix their remuneration. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 114 | 7 |
| No. of Shares | 273,032,255 | 4,799 |
| % of Voted Shares | 99.9980 | 0.0020 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
Proposed Renewal of Shareholders' Mandate for the Recurrent Related Party Transactions of a Revenue or Trading Nature with Shana Foods Limited and Rubicon Food Products Limited. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 111 | 9 |
| No. of Shares | 200,937,895 | 4,959 |
| % of Voted Shares | 99.9980 | 0.0020 |
| Result | Accepted | |
8. Ordinary Resolution 8 |
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| Description |
Proposed Renewal of Shareholders' Mandate for the Recurrent Related Party Transactions of a Revenue or Trading Nature with Food Valley Sdn Bhd. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 102 | 10 |
| No. of Shares | 62,943,060 | 72,099,159 |
| % of Voted Shares | 46.6100 | 53.3900 |
| Result | Rejected | |
9. Ordinary Resolution 9 |
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| Description |
Proposed Renewal of Shareholders' Mandate for the Recurrent Related Party Transactions of a Revenue or Trading Nature with K.C. Belight Food Industry (M) Sdn Bhd and MH Delight Sdn Bhd. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 109 | 9 |
| No. of Shares | 249,821,596 | 4,959 |
| % of Voted Shares | 99.9980 | 0.0020 |
| Result | Accepted | |
10. Ordinary Resolution 10 |
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| Description |
Proposed Renewal of Shareholders' Mandate for the Recurrent Related Party Transactions of a Revenue or Trading Nature with Hot & Roll Sdn Bhd. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 105 | 9 |
| No. of Shares | 157,943,393 | 4,959 |
| % of Voted Shares | 99.9970 | 0.0030 |
| Result | Accepted | |
11. Ordinary Resolution 11 |
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| Description |
Authority under Section 75 and 76 of the Companies Act, 2016 for the Directors to allot and issue shares. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 109 | 13 |
| No. of Shares | 272,653,445 | 408,609 |
| % of Voted Shares | 99.8500 | 0.1500 |
| Result | Accepted | |
12. Ordinary Resolution 12 |
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| Description |
Proposed Renewal of Authority for the Company to Purchase its own Ordinary Shares. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 112 | 10 |
| No. of Shares | 273,032,095 | 29,959 |
| % of Voted Shares | 99.9890 | 0.0110 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | KAWAN FOOD BERHAD |
| Stock Name | KAWAN |
| Date Announced | 19 Jun 2020 |
| Category | General Meeting |
| Reference Number | GMA-18062020-00022 |
| Corporate Action ID | MY200618MEET0016 |