GENERAL MEETINGS: Outcome of Meeting
| VOLCANO BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 26 May 2022 |
| Time | 10:00 AM |
| Venue(s) |
LAUREL II, LEVEL 1 EVERGREEN LAUREL HOTEL PENANG 53 PERSIARAN GURNEY, 10250 GEORGE TOWN PULAU PINANG Malaysia |
| Outcome of Meeting | The Board of Directors of Volcano Berhad (“VB”) wishes to announce that the resolutions as set out in the Notice of Fourth Annual General Meeting (“AGM”) dated 27 April 2022 were duly passed by the shareholders of VB by way of poll at the AGM of VB held today, 26 May 2022.
The results of the poll voting in respect of the resolutions validated by Value Creator Consultancy, an independent scrutineer appointed by VB, are set out below.
This announcement is dated 26 May 2022. |
Voting Results |
||
1. RESOLUTION 1 |
||
| Description |
To approve the payment of Directors fees amounting to RM234,000.00 payable to Non-Executive Directors of the Company for the period from 1 June 2022 until the next Annual General Meeting |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 15 | 2 |
| No. of Shares | 99,713,200 | 5,100 |
| % of Voted Shares | 99.9949 | 0.0051 |
| Result | Accepted | |
2. RESOLUTION 2 |
||
| Description |
To approve the payment of Directors benefits (excluding directors' fees) amounting to RM18,000.00 payable to Non-Executive Directors of the Company for the period from 1 June 2022 until the next Annual General Meeting |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 15 | 2 |
| No. of Shares | 99,713,200 | 5,100 |
| % of Voted Shares | 99.9949 | 0.0051 |
| Result | Accepted | |
3. RESOLUTION 3 |
||
| Description |
To re-elect the following Directors who retire pursuant to the Clause 98(1)(b) of the Company's Constitutions and who being eligible, offer themselves for re-election: (a) Datuk Ch'ng Huat Seng |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 17 | 2 |
| No. of Shares | 72,593,200 | 5,100 |
| % of Voted Shares | 99.9930 | 0.0070 |
| Result | Accepted | |
4. RESOLUTION 4 |
||
| Description |
To re-elect the following Directors who retire pursuant to the Clause 98(1)(b) of the Company's Constitutions and who being eligible, offer themselves for re-election: (b) Ms. Hing Poe Pyng |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 18 | 2 |
| No. of Shares | 100,593,200 | 5,100 |
| % of Voted Shares | 99.9949 | 0.0051 |
| Result | Accepted | |
5. RESOLUTION 5 |
||
| Description |
To re-elect the following Directors who retire pursuant to the Clause 98(1)(b) of the Company's Constitutions and who being eligible, offer themselves for re-election: (c) Mr. Tan Yen Yeow |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 17 | 2 |
| No. of Shares | 100,543,200 | 5,100 |
| % of Voted Shares | 99.9949 | 0.0051 |
| Result | Accepted | |
6. RESOLUTION 6 |
||
| Description |
To approve the payment of the First and Final Dividend of 1.3 sen per share in respect of the financial year ended 31 December 2021 |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 20 | 0 |
| No. of Shares | 100,598,300 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
7. RESOLUTION 7 |
||
| Description |
To re-appoint Messrs Baker Tilly Monteiro Heng PLT as Auditors of the Company until the 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 | 19 | 1 |
| No. of Shares | 100,593,300 | 5,000 |
| % of Voted Shares | 99.9950 | 0.0050 |
| Result | Accepted | |
8. RESOLUTION 8 |
||
| Description |
Authority to issue shares pursuant to the Companies Act, 2016 |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 19 | 1 |
| No. of Shares | 100,593,300 | 5,000 |
| % of Voted Shares | 99.9950 | 0.0050 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | VOLCANO BERHAD |
| Stock Name | VOLCANO |
| Date Announced | 26 May 2022 |
| Category | General Meeting |
| Reference Number | GMA-25052022-00043 |
| Corporate Action ID | MY220525MEET0041 |