MAGNUM

1.140

(%)

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


1. Ordinary Resolution 1

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.
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

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.
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

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.
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

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.
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

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.
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

Description
Proposed Renewal Of The Authority To Allot Shares Pursuant To Sections 75 And 76 Of The Companies Act 2016
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

Description
Proposed Renewal Of The Authority For The Company To Purchase Its Own Shares.
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