GENERAL MEETINGS: Outcome of Meeting
MAGNUM BERHAD |
Type of Meeting | General |
Indicator | Outcome of Meeting |
Date of Meeting | 19 May 2021 |
Time | 09:30 AM |
Venue(s) |
BROADCAST VENUE 35th Floor, Menara Multi-Purpose, Capital Square, No. 8 Jalan Munshi Abdullah 50100 Kuala Lumpur Malaysia |
Outcome of Meeting | The Board of Directors of Magnum Berhad ("Magnum") is pleased to announce that all the 7 ordinary resolutions set out in the Notice of the 45th Annual General Meeting ("45th AGM") dated 20 April 2021 were duly passed by the shareholders of Magnum at the 45th AGM of Magnum conducted fully virtual and entirely via online remote participation and voting on Wednesday, 19 May 2021, at 9:30 a.m. at the Broadcast Venue.
The Audited Financial Statements of Magnum for the financial year ended 31 December 2020 together with the Reports of the Directors and Auditors thereon were received and duly tabled at the 45th AGM under Agenda 1.
All the resolutions were voted by poll and the results of the poll were validated by Symphony Merchant Sdn. Bhd., the independent scrutineers appointed by Magnum.
Please refer to the attachment for the detailed poll results.
This announcement is dated 19 May 2021. |
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
To approve the payment of Directors' fees totalling RM285,000 to the Non-Executive Directors in respect of the year ended 31 December 2020. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 77 | 31 |
No. of Shares | 658,165,959 | 50,299 |
% of Voted Shares | 99.9924 | 0.0076 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
To approve the payment of the Directors remuneration (excluding Directors fees) to the Non-Executive Directors of up to an amount of RM100,000 for the period from 19 May 2021 until the next Annual General Meeting of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 72 | 37 |
No. of Shares | 658,130,577 | 86,792 |
% of Voted Shares | 99.9868 | 0.0132 |
Result | Accepted | |
3. Ordinary Resolution 3 |
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Description |
To re-elect the Director, Tan Sri Dato' Surin Upatkoon, who is retiring by rotation in accordance with Clause 90 of the Constitution of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 93 | 18 |
No. of Shares | 631,185,818 | 32,016,911 |
% of Voted Shares | 95.1724 | 4.8276 |
Result | Accepted | |
4. Ordinary Resolution 4 |
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Description |
To re-elect the Director, Dato' Lim Tiong Chin, who is retiring by rotation in accordance with Clause 90 of the Constitution of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 90 | 21 |
No. of Shares | 661,849,578 | 1,353,151 |
% of Voted Shares | 99.7960 | 0.2040 |
Result | Accepted | |
5. Ordinary Resolution 5 |
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Description |
To re-appoint Ernst & Young PLT as Auditors of the Company for the financial year ending 31 December 2021 and to authorise the Board of Directors to fix their remuneration. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 95 | 16 |
No. of Shares | 663,176,347 | 26,482 |
% of Voted Shares | 99.9960 | 0.0040 |
Result | Accepted | |
6. Ordinary Resolution 6 |
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Description |
Proposed Renewal Of The Authority To Allot 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 | 85 | 25 |
No. of Shares | 662,024,988 | 1,175,216 |
% of Voted Shares | 99.8228 | 0.1772 |
Result | Accepted | |
7. Ordinary Resolution 7 |
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Description |
Proposed Renewal Of The Authority For The Company To Purchase Its Own Shares. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 95 | 16 |
No. of Shares | 663,164,975 | 37,854 |
% of Voted Shares | 99.9943 | 0.0057 |
Result | Accepted | |
Please refer attachment below.
Announcement Info
Company Name | MAGNUM BERHAD |
Stock Name | MAGNUM |
Date Announced | 19 May 2021 |
Category | General Meeting |
Reference Number | GMA-17052021-00031 |
Corporate Action ID | MY210517MEET0022 |