TEOSENG

1.870

-0.02 (-1.1%)

GENERAL MEETINGS: Outcome of Meeting

TEO SENG CAPITAL BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 12 Aug 2020
Time 11:30 AM

Venue(s)
Teo Seng Capital Berhad Conference Room, First Floor

Lot PTD 25740

Batu 4, Jalan Air Hitam

83700 Yong Peng, Johor

Malaysia

Outcome of Meeting

The Board of Directors of Teo Seng Capital Berhad ("Teo Seng") is pleased to announce that all the resolutions set out in the Notice of Fourteenth Annual General Meeting ("14th AGM") dated 30 June 2020 were duly passed at the 14th AGM of Teo Seng held earlier today. All the resolutions were approved by way of poll at the 14th AGM. The results of the poll were validated by Asia Securities Sdn Bhd, the independent scrutineer appointed by Teo Seng. Ordinary Resolutions 5 and 6 were voted by a two-tier voting process in accordance to Practice 4.2 of the Malaysian Code on Corporate Governance. The details of the poll results are set out in the attachment.

 

Details of the poll results for Ordinary Resolutions 5 and 6 under a two-tier voting process are as follows:

 

Resolution

Total Votes For

Total Votes Against

Results

No of Shares

%

No of Shares

%

Ordinary Resolution 5 - Proposed continuation in office of Choong Keen Shian as Independent Non-Executive Director.

 

Tier 1

 

153,369,003

100.0000

0

0.0000

Accepted

 

Tier 2

 

34,265,701

99.9991

300

0.0009

Ordinary Resolution 6 - Proposed continuation in office of Frederick Ng Yong Chiang as Independent Non-Executive Director.

 

 

Tier 1

 

153,369,003

100.0000

0

0.0000

Accepted

 

Tier 2

 

34,265,701

99.9991

300

0.0009

 

This announcement is dated 12 August 2020.


Voting Results


1. Ordinary Resolution 1

Description
To approve the payment of Directors fees and benefits up to RM168,000.00 with effect from 13 August 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 50 1
No. of Shares 187,468,102 300
% of Voted Shares 99.9998 0.0002
Result Accepted

2. Ordinary Resolution 2

Description
To re-elect Choong Keen Shian who retires pursuant to Clause 76(3) of the Constitution of the Company.	
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 51 1
No. of Shares 187,634,704 300
% of Voted Shares 99.9998 0.0002
Result Accepted

3. Ordinary Resolution 3

Description
To re-elect Frederick Ng Yong Chiang who retires pursuant to Clause 76(3) of the Constitution of the Company.	
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 51 1
No. of Shares 187,634,704 300
% of Voted Shares 99.9998 0.0002
Result Accepted

4. Ordinary Resolution 4

Description
To re-appoint PricewaterhouseCoopers PLT as Auditors of the Company for the financial year ending 31 December 2020 and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 51 1
No. of Shares 187,634,704 300
% of Voted Shares 99.9998 0.0002
Result Accepted

5. Ordinary Resolution 5

Description
Proposed continuation in office of Choong Keen Shian as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 51 1
No. of Shares 187,634,704 300
% of Voted Shares 99.9998 0.0002
Result Accepted

6. Ordinary Resolution 6

Description
Proposed continuation in office of Frederick Ng Yong Chiang as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 51 1
No. of Shares 187,634,704 300
% of Voted Shares 99.9998 0.0002
Result Accepted

7. Ordinary Resolution 7

Description
Continuation in office of Dato' Koh Low @ Koh Kim Toon as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 51 1
No. of Shares 187,634,704 300
% of Voted Shares 99.9998 0.0002
Result Accepted

8. Ordinary 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 51 1
No. of Shares 187,634,704 300
% of Voted Shares 99.9998 0.0002
Result Accepted

9. Ordinary Resolution 9

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 34 1
No. of Shares 11,723,062 300
% of Voted Shares 99.9974 0.0026
Result Accepted

10. Ordinary Resolution 10

Description
Proposed renewal of authorisation to enable the Company to purchase up to 10% of the total number of issued shares of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 51 1
No. of Shares 187,634,704 300
% of Voted Shares 99.9998 0.0002
Result Accepted



Please refer attachment below.




Announcement Info

Company Name TEO SENG CAPITAL BERHAD
Stock Name TEOSENG
Date Announced 12 Aug 2020
Category General Meeting
Reference Number GMA-08072020-00009
Corporate Action ID MY200708MEET0008