GENERAL MEETINGS: Outcome of Meeting
| SOUTH MALAYSIA INDUSTRIES BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 29 Jul 2020 |
| Time | 11:00 AM |
| Venue(s) |
Ruby 2, Level 8, Holiday Villa, No. 260, Jalan Dato Sulaiman, Taman Abad, 80250 Johor Bahru, Johor Darul Takzim Malaysia |
| Outcome of Meeting | The Board of Directors of South Malaysia Industries Berhad ("SMI" or "the Company") wishes to announce that all the ordinary resolutions and special resolution set out in the Notice of the 49th Annual General Meeting ("49th AGM") dated 26 June 2020 were duly passed by the shareholders of the Company by way of poll at its 49th AGM held today. SC Lim, Ng & Co was appointed to act as Scrutineer to validate the votes cast at the meeting.
The results of the poll are set out below and the details of the poll results are as attached.
This announcement is dated 29 July 2020. |
Voting Results |
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1. Resolution 1 |
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| Description |
To approve the payment of under provision of Directors' Fees of RM228,000 to the Non-Executive Directors of the Company and subsidiaries for the period from 1 June 2019 until 29 July 2020 |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 13 | 0 |
| No. of Shares | 53,738,740 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
2. Resolution 2 |
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| Description |
To approve the payment of Directors' Fees of up to RM410,000 to the Non-Executive Directors of the Company and subsidiaries for the period from 30 July 2020 until the next Annual General Meeting of the Company to be held in 2021 |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 13 | 0 |
| No. of Shares | 53,738,740 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
3. Resolution 3 |
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| Description |
To approve the payment of Directors Benefits (excluding Directors Fees) not exceeding RM33,000 payable to Non-Executive Directors for the period from 30 July 2020 until the next Annual General Meeting of the Company to be held in 2021 |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 13 | 0 |
| No. of Shares | 53,738,740 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
4. Resolution 4 |
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| Description |
To re-elect Dato' Zainuddin Bin Yahya, the Director retiring in accordance with Article 85.3 of the Company's Constitution |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 14 | 0 |
| No. of Shares | 53,740,406 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
5. Resolution 5 |
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| Description |
To re-elect Ms Tan Siew Poh, the Director retiring in accordance with Article 86 of the Company's Constitution |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 14 | 0 |
| No. of Shares | 53,740,406 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
6. Resolution 6 |
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| Description |
To re-elect Tan Sri Datuk Seri Ismail Bin Yusof, the Director retiring in accordance with Article 86 of the Company's Constitution |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 14 | 0 |
| No. of Shares | 53,740,406 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
7. Resolution 7 |
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| Description |
To re-appoint Messrs UHY as Auditors of the Company, to hold office until the conclusion of the next Annual General Meeting of the Company, at a remuneration to be determined by the Directors |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 14 | 0 |
| No. of Shares | 53,740,406 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
8. Resolution 8 |
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| Description |
To empower the Directors of the Company 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 | 14 | 0 |
| No. of Shares | 53,740,406 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
9. Resolution 9 |
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| Description |
THAT authority be and is hereby given to Dato' Dr Abdullah Bin Sepien who has served as an Independent Non-Executive Director of the Company for a cumulative term of more than nine (9) years to continue to act as an Independent Non-Executive Director of the Company |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 14 | 0 |
| No. of Shares | 53,740,406 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
10. Resolution 10 |
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| Description |
THAT subject to the passing of Resolution 6, authority be and is hereby given to Tan Sri Datuk Seri Ismail Bin Yusof who has served as an Independent Non-Executive Director of the Company for a cumulative term of more than nine (9) years to continue to act as an Independent Non-Executive Director of the Company |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 14 | 0 |
| No. of Shares | 53,740,406 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | SOUTH MALAYSIA INDUSTRIES BERHAD |
| Stock Name | SMI |
| Date Announced | 29 Jul 2020 |
| Category | General Meeting |
| Reference Number | GMA-29072020-00001 |
| Corporate Action ID | MY200729MEET0001 |