GENERAL MEETINGS: Outcome of Meeting
| MYCRON STEEL BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 30 Nov 2021 |
| Time | 10:00 AM |
| Venue(s) |
Broadcast Venue : Astana Meeting Room 15th Floor, No. 566 Jalan Ipoh 51200 Kuala Lumpur Malaysia |
| Outcome of Meeting | The Board of Directors of Mycron Steel Berhad ("the Company") is pleased to announce that all the ordinary resolutions as set out in the Notice of the 18th Annual General Meeting ("AGM") of the Company dated 30 November 2021 were duly passed at the aforesaid AGM which was conducted electronically in its entirety via Remote Participation and Voting facilities ("RPV") at the above Broadcast Venue on 30 November 2021.
The Audited Financial Statements of the Company for the financial year ended 30 June 2021 and the Reports of the Directors and Auditors thereon were received and duly tabled at the 18th AGM under Agenda 1.
All the ordinary resolutions were voted by way of poll via RPV at the 18th AGM in accordance with Paragraph 8.29A(1) of Bursa Malaysia Securities Berhad's Main Market Listing Requirements.
The detailed poll results were verified by the Independent Scrutineers, Symphony Corporate Services Sdn Bhd as per attachment.
Please refer to the table below for the poll results. |
Voting Results |
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1. 1 |
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| Description |
To approve the payment of Directors fees amounting to RM336,000.00 for the period from 1 January 2022 to 31 December 2022 to be payable quarterly in arrears to the Non-Executive Directors of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 61 | 27 |
| No. of Shares | 251,378,834 | 49,283 |
| % of Voted Shares | 99.9804 | 0.0196 |
| Result | Accepted | |
2. 2 |
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| Description |
To approve an amount of up to RM85,000.00 as benefits payable to the Non-Executive Directors of the Company for the period from 1 January 2022 to 31 December 2022. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 49 | 39 |
| No. of Shares | 251,370,306 | 57,811 |
| % of Voted Shares | 99.9770 | 0.0230 |
| Result | Accepted | |
3. 3 |
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| Description |
To re-elect Tan Sri Datuk Seri Razman Md Hashim bin Che Din Md Hashim who is retiring in accordance with Article 96(1) of the Company's Constitution and who, being eligible, offer himself for re-election: |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 66 | 23 |
| No. of Shares | 251,418,346 | 10,671 |
| % of Voted Shares | 99.9958 | 0.0042 |
| Result | Accepted | |
4. 4 |
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| Description |
To re-elect Datin Seri Raihanah Begum binti Abdul Rahman who is retiring in accordance with Article 96(1) of the Company's Constitution and who, being eligible, offer herself for re-election: |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 65 | 24 |
| No. of Shares | 251,418,366 | 10,651 |
| % of Voted Shares | 99.9958 | 0.0042 |
| Result | Accepted | |
5. 5 |
||
| Description |
To re-elect Mr Kwo Shih Kang who is retiring in accordance with Article 96(1) of the Company's Constitution and who, being eligible, offer himself for re-election |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 68 | 21 |
| No. of Shares | 251,422,348 | 6,669 |
| % of Voted Shares | 99.9973 | 0.0027 |
| Result | Accepted | |
6. 6 |
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| Description |
To re-appoint Messrs. PricewaterhouseCoopers PLT as Auditors of the Company, to hold office until 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 | 77 | 12 |
| No. of Shares | 251,427,618 | 1,399 |
| % of Voted Shares | 99.9994 | 0.0006 |
| Result | Accepted | |
7. 7 |
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| Description |
Approval for Tan Sri Datuk Seri Razman Md Hashim bin Che Din Md Hashim to continue in office as Independent Non-Executive Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 66 | 23 |
| No. of Shares | 251,418,346 | 10,671 |
| % of Voted Shares | 99.9958 | 0.0042 |
| Result | Accepted | |
8. 8 |
||
| Description |
To approve the Proposed Renewal of Shareholders Mandate for Recurrent Related Party Transactions with Trace Management Services Sdn Bhd. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 67 | 20 |
| No. of Shares | 8,898,061 | 7,931 |
| % of Voted Shares | 99.9109 | 0.0891 |
| Result | Accepted | |
9. 9 |
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| Description |
To approve the Proposed Renewal of Shareholders Mandate for Recurrent Related Party Transactions. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 65 | 22 |
| No. of Shares | 8,894,081 | 11,911 |
| % of Voted Shares | 99.8663 | 0.1337 |
| Result | Accepted | |
10. 10 |
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| Description |
Authority to issue and allot shares pursuant to Sections 75 and 76 of the Companies Act 2016. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 64 | 25 |
| No. of Shares | 251,335,106 | 93,911 |
| % of Voted Shares | 99.9626 | 0.0374 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | MYCRON STEEL BERHAD |
| Stock Name | MYCRON |
| Date Announced | 30 Nov 2021 |
| Category | General Meeting |
| Reference Number | GMA-18112021-00008 |
| Corporate Action ID | MY211118MEET0007 |