COASTAL

0.795

(%)

GENERAL MEETINGS: Outcome of Meeting

COASTAL CONTRACTS BHD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 18 Mar 2021
Time 01:30 PM

Venue(s)
Block G, Lot 3B, Bandar Leila

90000 Sandakan

Sabah

Malaysia

Outcome of Meeting

The Board of Directors of Coastal Contracts Bhd. ("Coastal" or "Company") wishes to announce that all the resolutions as set out in the Revised Notice of the Twentieth Annual General Meeting of COASTAL dated 24 February 2021 were duly passed by way of poll at the Twentieth Annual General Meeting held on 18 March 2021. The results of the poll were duly verified by Messrs Tsang & Co., the independent scrutineer appointed by the Company.

 

This announcement is dated 18 March 2021.

 

The details of the poll results for Resolution 5 are as follows:

 

 

 

Voted

 

Resolution

Description

Shareholders

Action

Voted

No. of Shareholders

No. of Shares

% of Voted Shares

Results

Resolution 5 -Tier 1

Proposed retention of Mr Loh Thian Sang @ Lo Thian Siang as Independent Non-Executive Director.

For Voting

For

 

 

 

 

Against

2

 

 

 

 

0

 

162,148,526

 

 

 

 

0

 

54.992

 

 

 

 

0

Accepted

Resolution

5 – Tier 2

Proposed retention of Mr Loh Thian Sang @ Lo Thian Siang as Independent Non-Executive Director.

For Voting

For

 

 

 

 

Against

19

 

 

 

 

0

 

132,709,546

 

 

 

 

0

 

45.008

 

 

 

 

0

 

 

 

Accepted

 

 


Voting Results


1. 1

Description
To approve the payment of fees and benefits to Non-Executive Directors, of up to but not exceeding the amount of RM120,000 for the period from 17 December 2020 until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 0
No. of Shares 294,858,072 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. 2

Description
To re-elect Mr Ng Chin Heng retiring pursuant to Clause No. 100 of the Companys Constitution and being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 20 1
No. of Shares 294,854,672 3,400
% of Voted Shares 99.9990 0.0010
Result Accepted

3. 3

Description
To re-elect Mr Ng Chin Keuan retiring pursuant to Clause No. 100 of the Companys Constitution and being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 0
No. of Shares 294,858,072 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. 4

Description
To re-appoint Messrs Crowe Malaysia PLT as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 0
No. of Shares 294,858,072 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. 5

Description
To approve the Proposed Retention of Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 0
No. of Shares 294,858,072 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. 6

Description
To approve the Authority to issue shares pursuant to the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 0
No. of Shares 294,858,072 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. 7

Description
To approve the Proposed Renewal of Share Buy-Back Authority.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 0
No. of Shares 294,858,072 0
% of Voted Shares 100.0000 0.0000
Result Accepted



Please refer attachment below.




Announcement Info

Company Name COASTAL CONTRACTS BHD
Stock Name COASTAL
Date Announced 18 Mar 2021
Category General Meeting
Reference Number GMA-10032021-00001
Corporate Action ID MY210310MEET0001