GENERAL MEETINGS: Outcome of Meeting
| MAGNUM BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 25 Jun 2020 |
| Time | 09:30 AM |
| Venue(s) |
Grand Ballroom, First Floor, Flamingo hotel by the lake No. 5 Tasik Ampang, Jalan Hulu Kelang 68000 Ampang, Selangor Darul Ehsan Malaysia |
| Outcome of Meeting | The Company wishes to announce that at its Forty-Fourth Annual General Meeting ("44th AGM") held today, 25 June 2020, the Audited Financial Statements for the financial year ended 31 December 2019 together with the Reports of the Directors and Auditors thereon were duly tabled and received at the 44th AGM under Agenda 1.
All resolutions set out in the Notice of the 44th AGM dated 21 May 2020 were duly passed by the shareholders and proxies present at the 44th AGM.
The voting in respect of each resolution was carried out by way of electronic poll ("e-poll") conducted by Propoll Solutions Sdn. Bhd. as Poll Administrator and the results were validated by Symphony Merchant Sdn. Bhd., an Independent Scrutineers appointed by the Company. Details of the e-poll results are set out below.
This announcement is dated 25 June 2020. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the payment of Directors' fees totalling RM263,658 to the Non-Executive Directors in respect of the year ended 31 December 2019 (Year 2018: RM285,000). |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 149 | 1 |
| No. of Shares | 650,435,194 | 2 |
| % of Voted Shares | 99.9999 | 0.0000 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To approve the payment of the Directors remuneration (excluding Directors fees) to the Non-Executive Directors of up to an amount of RM100,000 for the period from 25 June 2020 until the next Annual General Meeting of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 152 | 1 |
| No. of Shares | 650,461,694 | 2 |
| % of Voted Shares | 99.9999 | 0.0000 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To re-elect the Director, Datuk Vijeyaratnam A/L V. Thamotharam Pillay, who is retiring by rotation in accordance with Clause 90 of the Constitution of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 111 | 43 |
| No. of Shares | 621,890,585 | 33,514,511 |
| % of Voted Shares | 94.8864 | 5.1136 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-elect the Director, Jean Francine Goonting, who is retiring in accordance with Clause 97 of the Constitution of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 151 | 2 |
| No. of Shares | 654,911,796 | 517,300 |
| % of Voted Shares | 99.9211 | 0.0789 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To re-appoint Messrs. Ernst & Young PLT as Auditors of the Company for the financial year ending 31 December 2020 and to authorise the Board of Directors to fix their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 152 | 2 |
| No. of Shares | 655,428,896 | 700 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
Proposed Renewal Of The Authority To Allot Shares Pursuant To Sections 75 And 76 Of The Companies Act 2016 |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 152 | 1 |
| No. of Shares | 655,429,094 | 500 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
Proposed Renewal Of The Authority For The Company To Purchase Its Own Shares. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 152 | 1 |
| No. of Shares | 655,396,194 | 500 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
Announcement Info
| Company Name | MAGNUM BERHAD |
| Stock Name | MAGNUM |
| Date Announced | 25 Jun 2020 |
| Category | General Meeting |
| Reference Number | GMA-25062020-00015 |
| Corporate Action ID | MY200625MEET0014 |