GENERAL MEETINGS: Outcome of Meeting
| MAGNI-TECH INDUSTRIES BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 30 Sep 2020 |
| Time | 10:30 AM |
| Venue(s) |
Berjaya 1, 7th Floor, Berjaya Penang Hotel 1-Stop Midlands Park Centre Jalan Burmah 10350 Penang Malaysia |
| Outcome of Meeting | The Board of Directors of Magni-Tech Industries Berhad ("the Company") is pleased to announce that all the resolutions put to the 23rd Annual General Meeting ("AGM") of the Company held today, 30 September 2020 were unanimously carried.
All the resolutions were voted upon by poll and the results of the poll were validated by Messrs. Quantegic Services Sdn. Bhd., the independent scrutineer appointed by the Company.
The results of the poll are set out below.
This announcement is dated 30 September 2020. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To re-elect Tan Sri Dato' Seri Tan Kok Ping as a Director of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 111 | 28 |
| No. of Shares | 285,826,983 | 23,089,466 |
| % of Voted Shares | 92.5257 | 7.4743 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To re-elect Mr. Tan Poh Heng as a Director of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 120 | 18 |
| No. of Shares | 306,450,518 | 2,465,931 |
| % of Voted Shares | 99.2017 | 0.7983 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To approve the payment of Directors' Fees. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 136 | 0 |
| No. of Shares | 308,635,483 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
||
| Description |
To re-appoint Messrs. Grant Thornton as Auditors of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 138 | 0 |
| No. of Shares | 308,916,449 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
||
| Description |
To authorise the Directors to Allot and Issue Shares in the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 131 | 7 |
| No. of Shares | 292,958,550 | 15,957,899 |
| % of Voted Shares | 94.8342 | 5.1658 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To approve the Proposed Renewal of Share Buy-Back Authority. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 135 | 1 |
| No. of Shares | 307,765,883 | 869,600 |
| % of Voted Shares | 99.7182 | 0.2818 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
||
| Description |
To retain Puan Mawan Noor Aini Md. Ismail as Independent Director of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 127 | 10 |
| No. of Shares | 292,814,981 | 16,091,898 |
| % of Voted Shares | 94.7907 | 5.2093 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | MAGNI-TECH INDUSTRIES BERHAD |
| Stock Name | MAGNI |
| Date Announced | 30 Sep 2020 |
| Category | General Meeting |
| Reference Number | GMA-30092020-00005 |
| Corporate Action ID | MY200930MEET0005 |