GENERAL MEETINGS: Outcome of Meeting
| MELEWAR INDUSTRIAL GROUP BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 01 Dec 2022 |
| Time | 11:30 AM |
| Venue(s) |
Broadcast Venue: Astana Meeting Room 15th Floor No. 566, Jalan Ipoh 51200 Kuala Lumpur Malaysia |
| Outcome of Meeting | The Board of Directors of Melewar Industrial Group Berhad ("the Company") is pleased to announce that all the ordinary resolutions as set out in the Notice of the 53rd Annual General Meeting ("AGM") of the Company dated 31 October 2022 were duly passed at the aforesaid AGM which was conducted electronically in its entirety via Remote Participation and Voting facilities ("RPV") at the above Broadcast Venue on 1 December 2022. The Audited Financial Statements of the Company for the financial year ended 30 June 2022 and the Reports of the Directors and Auditors thereon were received and duly tabled at the 53rd AGM under Agenda 1. All the ordinary resolutions were voted by way of poll via RPV at the 53rd AGM in accordance with Paragraph 8.29A(1) of Bursa Malaysia Securities Berhad's Main Market Listing Requirements. The detailed poll results were verified by the Independent Scrutineers, Symphony Corporate Services Sdn Bhd as per attachment. Please refer to the table below for the poll results.
|
Voting Results |
||
1. 1 |
||
| Description |
To approve the payment of Directors' fees amounting to RM271,200.00 for the period from 1 January 2023 to 31 December 2023 to be payable quarterly in arrears to the Non-Executive Directors of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 66 | 43 |
| No. of Shares | 171,338,178 | 59,930 |
| % of Voted Shares | 99.9650 | 0.0350 |
| Result | Accepted | |
2. 2 |
||
| Description |
To approve an amount of up to RM97,000.00 as benefits payable to the Non-Executive Directors of the Company for the period from 1 January 2023 to 31 December 2023. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 59 | 52 |
| No. of Shares | 171,087,498 | 311,110 |
| % of Voted Shares | 99.8185 | 0.1815 |
| Result | Accepted | |
3. 3 |
||
| Description |
To re-elect Kwo Shih Kang who is retiring in accordance with Article 96(1) of the Company's Constitution and who, being eligible, offer himself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 77 | 33 |
| No. of Shares | 171,123,724 | 274,484 |
| % of Voted Shares | 99.8399 | 0.1601 |
| Result | Accepted | |
4. 4 |
||
| Description |
To re-elect Dato' Dr. Kili Ghandhi Raj A/L K R Somasundram who is retiring in accordance with Article 96(1) of the Company's Constitution and who, being eligible, offer himself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 76 | 34 |
| No. of Shares | 171,123,722 | 274,486 |
| % of Voted Shares | 99.8399 | 0.1601 |
| Result | Accepted | |
5. 5 |
||
| Description |
To appoint Messrs KPMG PLT as Auditors of the Company in place of the retiring Auditors, Messrs PricewaterhouseCoopers PLT, and to authorise the Directors to determine their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 90 | 22 |
| No. of Shares | 171,139,800 | 258,908 |
| % of Voted Shares | 99.8489 | 0.1511 |
| Result | Accepted | |
6. 6 |
||
| Description |
To approve the Proposed Renewal of Share Buy-Back Authority. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 80 | 31 |
| No. of Shares | 171,382,689 | 15,919 |
| % of Voted Shares | 99.9907 | 0.0093 |
| Result | Accepted | |
7. 7 |
||
| Description |
To approve the Proposed Renewal of Shareholders Mandate for Recurrent Related Party Transaction with Trace Management Services Sdn Bhd. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 81 | 28 |
| No. of Shares | 2,804,158 | 21,686 |
| % of Voted Shares | 99.2326 | 0.7674 |
| Result | Accepted | |
8. 8 |
||
| Description |
To approve the Proposed Renewal and New Shareholders' Mandate for Recurrent Related Party Transactions. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 80 | 29 |
| No. of Shares | 2,802,058 | 23,786 |
| % of Voted Shares | 99.1583 | 0.8417 |
| Result | Accepted | |
9. 9 |
||
| Description |
Authority to issue and allot shares pursuant to Sections 75 and 76 of the Companies Act 2016. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 80 | 30 |
| No. of Shares | 171,372,789 | 24,486 |
| % of Voted Shares | 99.9857 | 0.0143 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | MELEWAR INDUSTRIAL GROUP BERHAD |
| Stock Name | MELEWAR |
| Date Announced | 01 Dec 2022 |
| Category | General Meeting |
| Reference Number | GMA-01122022-00003 |
| Corporate Action ID | MY221201MEET0003 |