MASTEEL

0.320

-0.005 (-1.5%)

GENERAL MEETINGS: Outcome of Meeting

MALAYSIA STEEL WORKS (KL) BHD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 16 Jul 2020
Time 02:00 PM

Venue(s)
Broadcast Venue:

Masteel Meeting Room, Unit B-05-3A, 5th Floor, Block B (West Wing)

PJ8 Office Suite, No. 23, Jalan Barat

Seksyen 8, 46050 Petaling Jaya, Selangor Darul Ehsan

Malaysia

Outcome of Meeting

The Board of Directors of Malaysia Steel Works (KL) Berhad ("the Company") is pleased to announce that all the resolutions set out in the Notice of Forty-Eighth Annual General Meeting ("48th AGM") of the Company dated 16 June 2020 were duly passed by the shareholders at the 48th AGM of the Company held earlier today.

 

All the resolutions were voted on by poll and the results of the poll were validated by Commercial Quest Sdn. Bhd., the independent Scrutineer appointed by the Company. Details of the poll results are set out below.

 

This announcement is dated 16 July 2020.


Voting Results


1. Ordinary Resolution 1

Description
To approve the Directors' fees up to an aggregate amount of RM159,600.00 for the financial year ending 31 December 2020 and benefit payable to the Directors up to an aggregate amount of RM384,470.00 from 16 July 2020 until the next AGM of the Company and the payment thereof.       
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 84 17
No. of Shares 19,824,556 17,836
% of Voted Shares 99.9101 0.0899
Result Accepted

2. Ordinary Resolution 2

Description
To re-elect Dato' Ikhwan Salim Bin Dato' Haji Sujak who is retiring pursuant to Clause 96 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 88 15
No. of Shares 169,943,171 15,142
% of Voted Shares 99.9911 0.0089
Result Accepted

3. Ordinary Resolution 3

Description
To re-elect Encik Muhammad Hanizam Bin Hj. Borhan who is retiring pursuant to Clause 96 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 87 15
No. of Shares 169,922,171 15,142
% of Voted Shares 99.9911 0.0089
Result Accepted

4. Ordinary Resolution 4

Description
To re-elect Mr Lau Yoke Leong who is retiring pursuant to Clause 96 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 89 12
No. of Shares 169,897,998 15,090
% of Voted Shares 99.9911 0.0089
Result Accepted

5. Ordinary Resolution 5

Description
To re-appoint Messrs RSM Malaysia 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 90 11
No. of Shares 169,898,878 14,210
% of Voted Shares 99.9916 0.0084
Result Accepted

6. Ordinary Resolution 6

Description
Authority for Mr Ng Wah Lok to continue in office as Senior Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 87 14
No. of Shares 169,898,446 14,642
% of Voted Shares 99.9914 0.0086
Result Accepted

7. Ordinary Resolution 7

Description
Authority for Encik Muhammad Hanizam Bin Hj. Borhan to continue in office as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 83 14
No. of Shares 169,870,016 14,966
% of Voted Shares 99.9912 0.0088
Result Accepted

8. Ordinary Resolution 8

Description
Proposed Renewal of Authority for the Company to Purchase its own Ordinary Shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 82 13
No. of Shares 169,885,085 14,494
% of Voted Shares 99.9915 0.0085
Result Accepted

9. Special Resolution

Description
Proposed Renewal of Authority under Sections 75 and 76 of the Companies Act 2016 and the Constitution of the Company for the Directors to allot and issue shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 83 13
No. of Shares 169,891,485 14,494
% of Voted Shares 99.9915 0.0085
Result Accepted






Announcement Info

Company Name MALAYSIA STEEL WORKS (KL) BHD
Stock Name MASTEEL
Date Announced 16 Jul 2020
Category General Meeting
Reference Number GMA-14072020-00008
Corporate Action ID MY200714MEET0008