GENERAL MEETINGS: Outcome of Meeting
| ASIA BRANDS BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 21 Sep 2021 |
| Time | 10:00 AM |
| Venue(s) |
To be held on a fully virtual basis via remote participation and voting through online meeting platform hosted on Securities Services e-Portal at https://sshsb.net.my/ provided by SS E Solutions Sdn. Bhd. in Malaysia |
| Outcome of Meeting | The Board of Directors of Asia Brands Berhad wishes to announce that all of the resolutions as set out in the Notice of the Forty-Sixth Annual General Meeting ("46th AGM") dated 30 August 2021 were duly passed by the shareholders at the 46th AGM held today.
All of the resolutions were voted by poll and the results of the poll were validated by Commercial Quest Sdn. Bhd., the Independent Scrutineer appointed by the Company.
Details of the results of the polling in respect of all the resolutions at the 46th AGM are set out below.
This announcement is dated 21 September 2021. |
Voting Results |
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1. Resolution 1 |
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| Description |
To approve the payment of Directors' fees and benefits to the Non-Executive Directors of the Company from the conclusion of the 46th Annual General Meeting (46th AGM) up till the conclusion of the next Annual General Meeting of the Company to be held in 2022. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 30 | 15 |
| No. of Shares | 78,793,859 | 60,242 |
| % of Voted Shares | 99.9236 | 0.0764 |
| Result | Accepted | |
2. Resolution 2 |
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| Description |
To re-elect Dato Sri Tan Thian Poh, who retires pursuant to Clause 118 of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 40 | 4 |
| No. of Shares | 78,844,041 | 60 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
3. Resolution 3 |
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| Description |
To re-appoint Messrs. Reanda LLKG International as Auditors of the Company and to authorise the Directors to fix their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 42 | 3 |
| No. of Shares | 78,854,061 | 40 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
4. Resolution 4 |
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| Description |
Ordinary Resolution 1 - Retention of Mr. Kong Sau Kian as an Independent Non-Executive Director |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 40 | 4 |
| No. of Shares | 78,844,041 | 60 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
5. Resolution 5 |
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| Description |
Ordinary Resolution 2 - Retention of Mr. Lim Kim Meng as an Independent Non-Executive Director |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 40 | 4 |
| No. of Shares | 78,844,041 | 60 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
6. Resolution 6 |
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| Description |
Ordinary Resolution 3 - Authority to Issue Shares Pursuant to the Companies Act 2016 |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 36 | 9 |
| No. of Shares | 78,843,859 | 10,242 |
| % of Voted Shares | 99.9870 | 0.0130 |
| Result | Accepted | |
7. Resolution 7 |
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| Description |
Ordinary Resolution 4 - Proposed renewal of existing shareholders' mandate for recurrent related party transactions of a revenue or trading nature |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 34 | 8 |
| No. of Shares | 379,905 | 242 |
| % of Voted Shares | 99.9363 | 0.0637 |
| Result | Accepted | |
8. Resolution 8 |
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| Description |
Ordinary Resolution 5 - Proposed renewal of share buy back authority of up to 10% of the total number of issued shares of the Company |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 38 | 7 |
| No. of Shares | 78,843,879 | 10,222 |
| % of Voted Shares | 99.9870 | 0.0130 |
| Result | Accepted | |
Announcement Info
| Company Name | ASIA BRANDS BERHAD |
| Stock Name | ASIABRN |
| Date Announced | 21 Sep 2021 |
| Category | General Meeting |
| Reference Number | GMA-21092021-00006 |
| Corporate Action ID | MY210921MEET0005 |