SMI

0.210

(%)

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


1. Resolution 1

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

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

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

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

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

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

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

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

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

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