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 |
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| 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:
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Voting Results |
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1. 1 |
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| 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. |
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| 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 |
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| 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. |
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| 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 |
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| 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. |
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| 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 |
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| 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. |
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| 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 |
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| Description |
To approve the Proposed Retention of Independent Non-Executive Director. |
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| 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 |
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| Description |
To approve the Authority to issue shares pursuant to the Companies Act 2016. |
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| 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 |
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| Description |
To approve the Proposed Renewal of Share Buy-Back Authority. |
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| 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 |