GENERAL MEETINGS: Outcome of Meeting
| LAY HONG BERHAD |
| Type of Meeting | Extraordinary |
| Indicator | Outcome of Meeting |
| Date of Meeting | 28 Sep 2022 |
| Time | 12:30 PM |
| Venue(s) |
Fully virtual basis via the online meeting platform of 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 Lay Hong Berhad ("LHB" or "Company") wishes to announce that the shareholders of the Company had approved all resolutions as prescribed in the Notice of Extraordinary General Meeting ("EGM") dated 30 August 2022 at the EGM of the Company held on 28 September 2022.
All the resolutions were passed by way of poll and the results of the poll were validated by Commercial Quest Sdn. Bhd., the independent scrutineer appointed by the Company.
This announcement is dated 28 September 2022. |
Voting Results |
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1. ORDINARY RESOLUTION 1 |
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| Description |
PROPOSED ESTABLISHMENT OF AN EMPLOYEES' SHARE SCHEME ("ESS") OF UP TO FIFTEEN PERCENT (15%) OF THE TOTAL NUMBER OF ISSUED SHARE CAPITAL OF THE COMPANY (EXCLUDING TREASURY SHARES, IF ANY) AT ANY POINT IN TIME FOR ELIGIBLE DIRECTORS AND EMPLOYEES OF LHB AND ITS SUBSIDIARY COMPANIES ("LHB GROUP") (EXCLUDING DORMANT SUBSIDIARIES AND/OR SUBSIDIARIES NOT INCORPORATED IN MALAYSIA) ("PROPOSED ESS")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 89 | 46 |
| No. of Shares | 440,788,904 | 1,656,398 |
| % of Voted Shares | 99.6256 | 0.3744 |
| Result | Accepted | |
2. ORDINARY RESOLUTION 2 |
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| Description |
PROPOSED ALLOCATION OF ESS AWARDS TO DATO' YAP HOONG CHAI |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 76 | 47 |
| No. of Shares | 139,238,314 | 1,692,398 |
| % of Voted Shares | 98.7991 | 1.2009 |
| Result | Accepted | |
3. ORDINARY RESOLUTION 3 |
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| Description |
PROPOSED ALLOCATION OF ESS AWARDS TO DATO' YEAP WENG HONG |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 79 | 47 |
| No. of Shares | 142,467,014 | 1,692,398 |
| % of Voted Shares | 98.8260 | 1.1740 |
| Result | Accepted | |
4. ORDINARY RESOLUTION 4 |
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| Description |
PROPOSED ALLOCATION OF ESS AWARDS TO DATO' YAP CHOR HOW |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 77 | 47 |
| No. of Shares | 143,310,314 | 1,692,398 |
| % of Voted Shares | 98.8329 | 1.1671 |
| Result | Accepted | |
5. ORDINARY RESOLUTION 5 |
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| Description |
PROPOSED ALLOCATION OF ESS AWARDS TO NG KIM TIAN |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 88 | 47 |
| No. of Shares | 440,752,904 | 1,692,398 |
| % of Voted Shares | 99.6175 | 0.3825 |
| Result | Accepted | |
Announcement Info
| Company Name | LAY HONG BERHAD |
| Stock Name | LAYHONG |
| Date Announced | 28 Sep 2022 |
| Category | General Meeting |
| Reference Number | GMA-30082022-00009 |
| Corporate Action ID | MY220830MEET0009 |