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 |
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1. Ordinary Resolution 1 |
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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. |
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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 |
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Description |
To re-elect Dato' Ikhwan Salim Bin Dato' Haji Sujak who is retiring pursuant to Clause 96 of the Constitution of the Company. |
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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 |
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Description |
To re-elect Encik Muhammad Hanizam Bin Hj. Borhan who is retiring pursuant to Clause 96 of the Constitution of the Company. |
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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 |
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Description |
To re-elect Mr Lau Yoke Leong who is retiring pursuant to Clause 96 of the Constitution of the Company. |
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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 |
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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 | 90 | 11 |
No. of Shares | 169,898,878 | 14,210 |
% of Voted Shares | 99.9916 | 0.0084 |
Result | Accepted | |
6. Ordinary Resolution 6 |
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Description |
Authority for Mr Ng Wah Lok to continue in office as Senior Independent Non-Executive Director. |
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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 |
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Description |
Authority for Encik Muhammad Hanizam Bin Hj. Borhan to continue in office as Independent Non-Executive Director. |
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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 |
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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 | 82 | 13 |
No. of Shares | 169,885,085 | 14,494 |
% of Voted Shares | 99.9915 | 0.0085 |
Result | Accepted | |
9. Special Resolution |
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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. |
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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 |