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The Board of Directors of Ornapaper Berhad (“ORNA” or “the Company”) wishes to announce that the shareholders of the Company have approved all the resolutions as set out in the Notice of the Eighteenth Annual General Meeting (“AGM”) dated 25 June 2020 at the Eighteenth AGM held on 24 July 2020.
All the resolutions were voted by poll at the Eighteenth AGM and the results were verified by the representative from Needsbridge Advisory Sdn. Bhd., the Independent Scrutineer appointed by the Company.
The details of the poll results are set out below.
This announcement is dated 24 July 2020.
Voting Results
1. Resolution 1
Description
To approve the declaration and payment of a final single-tier dividend of 3.0 sen per ordinary share for the financial year ended 31 December 2019.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
23
0
No. of Shares
32,889,243
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
2. Resolution 2
Description
To approve the payment of Directors fees amounting to RM340,000/- from 25 July 2020 until the Nineteenth AGM of the Company.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
20
0
No. of Shares
32,730,243
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
3. Resolution 3
Description
To approve the payment of Directors benefits payable up to an amount of RM28,000/-, from 25 July 2020 until the Nineteenth AGM of the Company.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
20
0
No. of Shares
32,730,243
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
4. Resolution 4
Description
To re-elect Mr. Siow Kee Yen in accordance with Clause 120 of the Companys Constitution.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
23
0
No. of Shares
32,889,243
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
5. Resolution 5
Description
To re-elect Mr. Tan Chin Hwee in accordance with Clause 120 of the Companys Constitution.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
23
0
No. of Shares
32,889,243
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
6. Resolution 6
Description
To re-elect Mr. Sai Han Siong in accordance with Clause 120 of the Companys Constitution.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
23
0
No. of Shares
32,889,243
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
7. Resolution 7
Description
To re-appoint Messrs. Crowe Malaysia PLT as Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
23
0
No. of Shares
32,889,243
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
8. Resolution 8
Description
Authority to Issue Shares pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
23
0
No. of Shares
32,889,243
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
9. Resolution 9
Description
Retention of Datuk Adillah Binti Ahmad Nordin as an Independent Non-Executive Director of the Company.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
23
0
No. of Shares
32,889,243
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
10. Resolution 10
Description
Retention of Mr. Siow Kee Yen as an Independent Non-Executive Director of the Company.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
23
0
No. of Shares
32,889,243
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
11. Resolution 11
Description
Proposed Renewal of Existing Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
17
0
No. of Shares
9,427,545
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
12. Resolution 12
Description
Proposed Renewal of Authority for the Company to Purchase Its Own Shares.