GENERAL MEETINGS: Outcome of Meeting
| MAGNUM BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 20 May 2022 |
| Time | 09:30 AM |
| Venue(s) |
BROADCAST VENUE at Meeting room, 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" or "the Company") is pleased to announce that all 8 resolutions comprising 7 ordinary resolutions and 1 special resolution, as set out in the Notice of the 46th Annual General Meeting ("46th AGM") dated 21 April 2022, were duly passed by the shareholders of Magnum at the 46th AGM of Magnum conducted virtually via online remote participation and voting on Friday, 20 May 2022, at 9:30 a.m. at the Broadcast Venue.
The Audited Financial Statements of Magnum for the financial year ended 31 December 2021 together with the Reports of the Directors and Auditors thereon were received and duly tabled at the 46th AGM under Agenda 1.
All the resolutions were voted by poll and the results of the poll were validated by Symphony Corporate Services Sdn. Bhd., the independent scrutineers appointed by Magnum.
Please refer to the attachment for the detailed poll results.
This announcement is dated 20 May 2022. |
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 2021. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 118 | 45 |
| No. of Shares | 620,672,959 | 248,349 |
| % of Voted Shares | 99.9600 | 0.0400 |
| 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 20 May 2022 until the next Annual General Meeting of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 117 | 47 |
| No. of Shares | 620,675,847 | 246,583 |
| % of Voted Shares | 99.9603 | 0.0397 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
||
| Description |
To re-elect the Director, Dato' Lawrence Lim Swee Lin, 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 | 139 | 29 |
| No. of Shares | 599,986,453 | 31,157,091 |
| % of Voted Shares | 95.0634 | 4.9366 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
||
| Description |
To re-elect the Director, Krian 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 | 137 | 31 |
| No. of Shares | 618,073,989 | 13,069,555 |
| % of Voted Shares | 97.9292 | 2.0708 |
| 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 2022 and to authorise the Board of Directors to fix their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 148 | 19 |
| No. of Shares | 631,042,499 | 101,045 |
| % of Voted Shares | 99.9840 | 0.0160 |
| 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 | 134 | 32 |
| No. of Shares | 630,878,239 | 264,194 |
| % of Voted Shares | 99.9581 | 0.0419 |
| 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 | 141 | 25 |
| No. of Shares | 630,987,187 | 135,335 |
| % of Voted Shares | 99.9786 | 0.0214 |
| Result | Accepted | |
8. Special Resolution 8 |
||
| Description |
Proposed Amendments To The Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 136 | 27 |
| No. of Shares | 630,969,310 | 136,167 |
| % of Voted Shares | 99.9784 | 0.0216 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | MAGNUM BERHAD |
| Stock Name | MAGNUM |
| Date Announced | 20 May 2022 |
| Category | General Meeting |
| Reference Number | GMA-20052022-00005 |
| Corporate Action ID | MY220520MEET0005 |