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The Board of Directors of KESM Industries Berhad ("the Company") is pleased to announce that all the resolutions as prescribed in the notice convening the Annual General Meeting ("AGM") of the Company dated 27 October 2022 were duly passed by way of poll at the AGM of the Company held at Connexion Conference & Event Centre, Spectrum & Prism (Level 3A), Nexus, Bangsar South, No. 7, Jalan Kerinchi, 59200 Kuala Lumpur, Malaysia on Thursday, 12 January 2023.
The results of the poll which were validated by Ms Tia Hwei Ping, the representative from Sky Corporate Services Sdn Bhd, the Independent Scrutineer appointed by the Company, are as set out below:-
Voting Results
1. Ordinary Resolution 1
Description
To declare a final tax exempt dividend of 6 sen per share in respect of the financial year ended 31 July 2022.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
54
0
No. of Shares
29,715,796
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
2. Ordinary Resolution 2
Description
To approve payment of Directors' fees and allowances of RM293,000 in respect of the financial year ended 31 July 2022.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
52
4
No. of Shares
8,543,257
369,700
% of Voted Shares
95.8521
4.1479
Result
Accepted
3. Ordinary Resolution 3
Description
To re-elect Mr Kenneth Tan Teoh Khoon who is retiring pursuant to Article 100 of the Company's Constitution and being eligible, has offered himself for re-election.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
55
5
No. of Shares
28,570,405
1,172,900
% of Voted Shares
96.0566
3.9434
Result
Accepted
4. Ordinary Resolution 4
Description
To re-elect Ms Lim Mee Ing who is retiring pursuant to Article 100 of the Company's Constitution and being eligible, has offered herself for re-election.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
61
0
No. of Shares
29,743,307
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
5. Ordinary Resolution 5
Description
To re-appoint Ernst & Young PLT as the Company's Auditors and to authorise the Board of Directors to fix their remuneration.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
60
1
No. of Shares
29,738,807
4,500
% of Voted Shares
99.9849
0.0151
Result
Accepted
6. Ordinary Resolution 6
Description
To approve the continuation in office of Mr Yong Chee Hou as Independent Non-Executive Director.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
56
4
No. of Shares
28,903,205
840,100
% of Voted Shares
97.1755
2.8245
Result
Accepted
7. Ordinary Resolution 7
Description
To approve the continuation in office of Tuan Haji Zakariah Bin Yet as Independent Non-Executive Director.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
54
5
No. of Shares
28,898,704
844,600
% of Voted Shares
97.1604
2.8396
Result
Accepted
8. Ordinary Resolution 8
Description
To approve the Proposed Renewal of Existing Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
53
2
No. of Shares
8,897,903
52
% of Voted Shares
99.9994
0.0006
Result
Accepted
9. Ordinary Resolution 9
Description
To approve the Proposed New Shareholders' Mandate for Additional Recurrent Related Party Transaction of a Revenue or Trading Nature