GENERAL MEETINGS: Outcome of Meeting
| GADANG HOLDINGS BHD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 11 Nov 2020 |
| Time | 10:00 AM |
| Venue(s) |
Broadcast Venue: Tricor Business Centre Manuka 2 & 3 Meeting Room, Unit 29-01, Level 29, Tower A Vertical Business Suite, Avenue 3 Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur Malaysia |
| Outcome of Meeting | We wish to announce that all resolutions as set out in the Notice of 27th Annual General Meeting ("AGM") of Gadang Holdings Berhad ("the Company") dated 29 September 2020 were duly passed by way of poll at the 27th AGM held on 11 November 2020. The results of the poll were duly verified by Coopers Professional Scrutineers Sdn Bhd, the Independent Scrutineer appointed by the Company.
This announcement is dated 11 November 2020.
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Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the payment of a first and final dividend of 1.0 sen per share in respect of the financial year ended 31 May 2020. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 179 | 8 |
| No. of Shares | 246,831,482 | 34,052 |
| % of Voted Shares | 99.9862 | 0.0138 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To approve the payment of Directors' fees of up to RM300,000 for the financial year ending 31 May 2021, to be made payable quarterly. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 154 | 30 |
| No. of Shares | 244,517,750 | 190,584 |
| % of Voted Shares | 99.9221 | 0.0779 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To approve the payment of benefits payable to the Non-Executive Directors of the Company up to an amount of RM150,000 from 12 November 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 | 154 | 30 |
| No. of Shares | 244,518,650 | 189,684 |
| % of Voted Shares | 99.9225 | 0.0775 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-elect Mr Boey Tak Kong who retires pursuant to Clause 108 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 | 161 | 24 |
| No. of Shares | 243,837,400 | 119,734 |
| % of Voted Shares | 99.9509 | 0.0491 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To re-elect Ms Kok Pei Ling who retires pursuant to Clause 108 of the Company's Constitution and being eligible, has offered herself for re-election. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 168 | 18 |
| No. of Shares | 245,480,632 | 80,502 |
| % of Voted Shares | 99.9672 | 0.0328 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To re-appoint Crowe Malaysia PLT as Auditors of the Company for the financial year ending 31 May 2021 and to authorise the Directors to fix their remuneration. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 169 | 18 |
| No. of Shares | 246,698,282 | 167,252 |
| % of Voted Shares | 99.9322 | 0.0678 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
To grant the Directors the authority to issue shares pursuant to Sections 75 and 76 of the Companies Act, 2016. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 162 | 25 |
| No. of Shares | 246,736,150 | 129,384 |
| % of Voted Shares | 99.9476 | 0.0524 |
| Result | Accepted | |
8. Ordinary Resolution 8 |
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| Description |
To approve the proposed renewal of shareholders' mandate for recurrent related party transactions of a revenue or trading nature. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 161 | 20 |
| No. of Shares | 53,388,997 | 93,984 |
| % of Voted Shares | 99.8243 | 0.1757 |
| Result | Accepted | |
9. Ordinary Resolution 9 (Tier 1) |
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| Description |
To retain Mr Boey Tak Kong as Independent Director of the Company. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 5 | 0 |
| No. of Shares | 192,909,753 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
10. Ordinary Resolution 9 (Tier 2) |
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| Description |
To retain Mr Boey Tak Kong as Independent Director of the Company. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 156 | 24 |
| No. of Shares | 50,933,797 | 113,584 |
| % of Voted Shares | 99.7775 | 0.2225 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | GADANG HOLDINGS BHD |
| Stock Name | GADANG |
| Date Announced | 11 Nov 2020 |
| Category | General Meeting |
| Reference Number | GMA-11112020-00019 |
| Corporate Action ID | MY201111MEET0012 |