GENERAL MEETINGS: Outcome of Meeting
| PARAMOUNT CORPORATION BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 25 Jun 2020 |
| Time | 10:00 AM |
| Venue(s) |
Co-labs Coworking The Starling, Lot 4-401 & 4-402, Level 4, The Starling mall, No. 6, Jalan SS21/37, Damansara Uptown, 47400 Petaling Jaya, Selangor Darul Ehsan Malaysia |
| Outcome of Meeting | Paramount Corporation Berhad (the Company) is pleased to announce that all the resolutions as set out in the Notice convening the Fiftieth Annual General Meeting (50th AGM) dated 28 May 2020 were duly passed by the shareholders of the Company at the 50th AGM held on 25 June 2020.
All the resolutions were voted by poll and the results of the poll were validated by Asia Securities Sdn Bhd, the independent scrutineer appointed by the Company.
This announcement is dated 25 June 2020. |
Voting Results |
||
1. 1 |
||
| Description |
To approve the declaration of a single-tier final dividend of 4.5 sen per share in respect of the year ended 31 December 2019. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 179 | 8 |
| No. of Shares | 316,189,342 | 126,280 |
| % of Voted Shares | 99.9600 | 0.0400 |
| Result | Accepted | |
2. 2 |
||
| Description |
To approve the payment of Directors' fees and meeting allowances not exceeding an aggregate amount of RM1,500,000.00 for the period from 1 January 2020 to 30 June 2021. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 174 | 12 |
| No. of Shares | 316,189,667 | 115,780 |
| % of Voted Shares | 99.9630 | 0.0370 |
| Result | Accepted | |
3. 3 |
||
| Description |
To re-elect Mr Quah Poh Keat as a Director of the Company who is retiring pursuant to Clause 85 of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 174 | 13 |
| No. of Shares | 315,856,222 | 459,400 |
| % of Voted Shares | 99.8550 | 0.1450 |
| Result | Accepted | |
4. 4 |
||
| Description |
To re-elect Mr Ong Keng Siew as a Director of the Company who is retiring pursuant to Clause 85 of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 171 | 12 |
| No. of Shares | 305,755,142 | 232,820 |
| % of Voted Shares | 99.9240 | 0.0760 |
| Result | Accepted | |
5. 5 |
||
| Description |
To re-elect Mr Benjamin Teo Jong Hian as a Director of the Company who is retiring pursuant to Clause 86 of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 175 | 12 |
| No. of Shares | 316,191,442 | 124,180 |
| % of Voted Shares | 99.9610 | 0.0390 |
| Result | Accepted | |
6. 6 |
||
| Description |
To re-elect Ms Foong Pik Yee as a Director of the Company who is retiring pursuant to Clause 86 of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 175 | 12 |
| No. of Shares | 316,224,822 | 90,800 |
| % of Voted Shares | 99.9710 | 0.0290 |
| Result | Accepted | |
7. 7 |
||
| Description |
To re-appoint Ernst & Young 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 | 176 | 10 |
| No. of Shares | 315,818,972 | 77,980 |
| % of Voted Shares | 99.9750 | 0.0250 |
| Result | Accepted | |
8. 8 |
||
| Description |
Authority for Datuk Seri Michael Yam Kong Choy to continue in office as an Independent Non-Executive Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 175 | 12 |
| No. of Shares | 316,233,330 | 82,292 |
| % of Voted Shares | 99.9740 | 0.0260 |
| Result | Accepted | |
9. 9 |
||
| Description |
Authority to Directors to allot and issue shares. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 173 | 14 |
| No. of Shares | 315,787,652 | 527,970 |
| % of Voted Shares | 99.8330 | 0.1670 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | PARAMOUNT CORPORATION BERHAD |
| Stock Name | PARAMON |
| Date Announced | 25 Jun 2020 |
| Category | General Meeting |
| Reference Number | GMA-24062020-00008 |
| Corporate Action ID | MY200624MEET0008 |