GENERAL MEETINGS: Outcome of Meeting
| TIMBERWELL BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 18 Aug 2020 |
| Time | 02:00 PM |
| Venue(s) |
2nd Floor, Wisma BSN Sabah Jalan Kemajuan, Karamunsing 88000 Kota Kinabalu Sabah Malaysia |
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| Outcome of Meeting | The Board of Directors of Timberwell Berhad ("the Company") is pleased to announce that all resolutions set out in the Notice of the Twenty-Fourth Annual General Meeting ("24th AGM") of the Company dated 19 June 2020 were duly passed as Ordinary Resolutions at the 24th AGM of the Company held on Tuesday, 18 August 2020 at 2:00 p.m.
All the resolutions were voted 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 for Resolutions 7 and 8 are as follows:
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Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the payment of Directors' fees amounting to RM250,000.00 for the financial year ended 31 December 2019. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 12 | 0 |
| No. of Shares | 47,317,666 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To approve the payment of Directors' remuneration (excluding Directors' Fees) payable to the Board of the Company and its subsidiaries amounting to RM150,000.00 for the period from 19 August 2020 until the next Annual General Meeting of the Company. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 12 | 0 |
| No. of Shares | 47,317,666 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To re-elect Dato Sri Tiong King Sing, who is retiring as Director in accordance with the Clause 97 of the Company's Constitution, and being eligible, has offered himself for re-election. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 12 | 0 |
| No. of Shares | 47,317,666 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-elect Mr Loo Choo Hong, who is retiring as Director in accordance with the Clause 97 of the Company's Constitution, and being eligible, has offered himself for re-election. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 12 | 0 |
| No. of Shares | 47,317,666 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To re-appoint Messrs. Baker Tilly Monteiro Heng PLT (AF0117) 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 | 12 | 0 |
| No. of Shares | 47,317,666 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To approve the authority to issue and allot shares. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 12 | 0 |
| No. of Shares | 47,317,666 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
To approve the retention of Dato' Seri Abdul Azim Bin Mohd Zabidi as an Independent Non-Executive Director. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 12 | 0 |
| No. of Shares | 47,317,666 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
8. Ordinary Resolution 8 |
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| Description |
To approve the retention of Datuk Yap Pak Leong as an Independent Non-Executive Director. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 12 | 0 |
| No. of Shares | 47,317,666 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
Announcement Info
| Company Name | TIMBERWELL BERHAD |
| Stock Name | TIMWELL |
| Date Announced | 18 Aug 2020 |
| Category | General Meeting |
| Reference Number | GMA-10082020-00005 |
| Corporate Action ID | MY200810MEET0005 |