GENERAL MEETINGS: Outcome of Meeting
| TEO GUAN LEE CORPORATION BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 28 Nov 2022 |
| Time | 12:00 PM |
| Venue(s) |
Conference Room of Teo Guan Lee Corporation Berhad Plot 28 Lorong Perusahaan Maju 4 Prai Industrial Estate 13600 Prai, Pulau Pinang Malaysia |
| Outcome of Meeting | The Board of Directors of Teo Guan Lee Corporation Berhad ("the Company") wishes to announce that all the resolutions as set out in the Notice of Annual General Meeting ("AGM") of the Company dated 28 October 2022 were duly passed by the shareholders of the Company by way of poll via remote participation and voting at the AGM of the Company held today.
The result of the poll was validated by Messrs KFF PLT, the independent scrutineer appointed by the Company.
Please refer to the attachment for the details of the outcome.
This announcement is dated 28 November 2022. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
Declaration of a final single tier dividend of 5 sen per share and a special single tier dividend of 3 sen per share for the financial year ended 30 June 2022. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 26 | 0 |
| No. of Shares | 63,252,442 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
Re-election of Mr Toh Choon Keat as Director under the provision of Clause 76(3) of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 26 | 0 |
| No. of Shares | 63,252,442 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
||
| Description |
Re-election of Mr Chin Yoong Mun as Director under the provision of Clause 76(3) of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 26 | 0 |
| No. of Shares | 63,252,442 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
Re-election of Mr Chan Wah Chong as Director under the provision of Clause 78 of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 26 | 0 |
| No. of Shares | 63,252,442 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
||
| Description |
Re-election of Mr Ooi Giap Khoon as Director under the provision of Clause 78 of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 26 | 0 |
| No. of Shares | 63,252,442 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
6. Odinary Resolution 6 |
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| Description |
Re-appointment of Messrs Peter Chong & Co. as Auditors of the Company and to authorise the Board of Directors to fix their remuneration |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 26 | 0 |
| No. of Shares | 63,252,442 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
Approval of Directors' fees of RM60,000 for financial year ending 30 June 2023 |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 25 | 1 |
| No. of Shares | 63,251,242 | 1,200 |
| % of Voted Shares | 99.9981 | 0.0019 |
| Result | Accepted | |
8. Ordinary Resolution 8 |
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| Description |
Approval of Directors' benefits up to an amount of RM68,000 from 28 November 2022 until the next Annual General Meeting |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 25 | 1 |
| No. of Shares | 63,251,242 | 1,200 |
| % of Voted Shares | 99.9981 | 0.0019 |
| Result | Accepted | |
9. Ordinary Resolution 9 |
||
| Description |
Renewal of shareholders' mandate for recurrent related party transactions of a revenue or trading nature. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 12 | 0 |
| No. of Shares | 2,352,720 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
10. Ordinary Resolution 10 |
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| Description |
Approval for issuance of new ordinary shares pursuant to Section 75 and 76 of the Companies Act 2016 |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 26 | 0 |
| No. of Shares | 63,252,442 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | TEO GUAN LEE CORPORATION BERHAD |
| Stock Name | TGL |
| Date Announced | 28 Nov 2022 |
| Category | General Meeting |
| Reference Number | GMA-25112022-00006 |
| Corporate Action ID | MY221125MEET0006 |