GENERAL MEETINGS: Outcome of Meeting
| EG INDUSTRIES BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 29 Nov 2022 |
| Time | 11:30 AM |
| Venue(s) |
Fully virtual basis via online meeting platform at www.agriteum.com.my Malaysia |
| Outcome of Meeting | The Board of Directors of EG Industries Berhad (“EG” or “the Company”) is pleased to announce that the shareholders of the Company have, at the Thirty-First Annual General Meeting (“AGM”) held on 29 November 2022, approved all the Ordinary Resolutions as set out in the Notice of AGM dated 28 October 2022. The results of the poll were validated by Symphony Corporate Services Sdn Bhd, the Independent Scrutineer appointed by the Company. The details of the poll results are set out below. This announcement is dated 29 November 2022. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the Directors Fees and benefits payable to the Directors of the Company up to an aggregate amount of RM350,000 commencing this AGM through to the next AGM of the Company in 2023 and further, to authorise the Directors to apportion the fees and make payment in the manner as the Directors may determine. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 24 | 8 |
| No. of Shares | 165,932,204 | 36,474,529 |
| % of Voted Shares | 81.9795 | 18.0204 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To re-elect Dato' Kang Pang Kiang who retires in accordance with Clause 99 of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 29 | 3 |
| No. of Shares | 166,022,206 | 36,384,527 |
| % of Voted Shares | 82.0240 | 17.9759 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To re-elect Mr. Lim Sze Yan who retires in accordance with Clause 99 of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 29 | 3 |
| No. of Shares | 202,394,130 | 12,603 |
| % of Voted Shares | 99.9937 | 0.0062 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-appoint Messrs UHY as Auditors of the Company and to authorise the Directors to fix their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 30 | 2 |
| No. of Shares | 202,402,730 | 4,003 |
| % of Voted Shares | 99.9980 | 0.0019 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To retain Mr. Ang Seng Wong as Senior Independent Non-Executive Director of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 29 | 3 |
| No. of Shares | 202,394,130 | 12,603 |
| % of Voted Shares | 99.9937 | 0.0062 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To retain Mr. Lim Sze Yan as Independent Non-Executive Director of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 29 | 3 |
| No. of Shares | 202,394,130 | 12,603 |
| % of Voted Shares | 99.9937 | 0.0062 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
Power to Issue Shares Pursuant to Sections 75 and 76 of the Companies Act 2016. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 25 | 7 |
| No. of Shares | 166,011,539 | 36,395,194 |
| % of Voted Shares | 82.0187 | 17.9812 |
| Result | Accepted | |
8. Ordinary Resolution 8 |
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| Description |
To approve the Proposed Renewal of Authority to Buy Back Its Own Shares by the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 28 | 4 |
| No. of Shares | 166,024,204 | 36,382,529 |
| % of Voted Shares | 82.0250 | 17.9749 |
| Result | Accepted | |
9. Ordinary Resolution 9 |
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| Description |
To approve the Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions between the Company and/or its Subsidiaries. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 28 | 4 |
| No. of Shares | 103,374,604 | 12,605 |
| % of Voted Shares | 99.9878 | 0.0121 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | EG INDUSTRIES BERHAD |
| Stock Name | EG |
| Date Announced | 29 Nov 2022 |
| Category | General Meeting |
| Reference Number | GMA-29112022-00011 |
| Corporate Action ID | MY221129MEET0011 |