GENERAL MEETINGS: Outcome of Meeting
| TEXCHEM RESOURCES BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 17 May 2023 |
| Time | 10:30 AM |
| Venue(s) |
Broadcast Venue Salon II, Level 2, G Hotel Gurney 168A Persiaran Gurney 10250 Penang Malaysia |
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| Outcome of Meeting | The Board of Directors of Texchem Resources Bhd wishes to announce that all the 11 Ordinary Resolutions as set out in the Notice of 49th Annual General Meeting (“49th AGM”) dated 17 April 2023 were duly passed by the shareholders at the 49th AGM of the Company held on 17 May 2023.
All the Ordinary Resolutions were voted by way of poll and the results of the poll were verified by Commercial Quest Sdn Bhd, the independent scrutineer appointed by the Company.
Details of the poll results for Ordinary Resolution 8 are as follows:
The full details of the results of the poll are set out in the attachment.
This announcement is dated 17 May 2023.
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Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To re-elect Dr Yuma Konishi who retires in accordance with Article 22.3 of the Company's Constitution and being eligible, offers himself for re-election |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 127 | 11 |
| No. of Shares | 69,133,770 | 7,053 |
| % of Voted Shares | 99.9898 | 0.0102 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To re-elect Mr Jony Raw who retires in accordance with Article 22.3 of the Company's Constitution and being eligible, offers himself for re-election |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 127 | 11 |
| No. of Shares | 69,132,330 | 8,493 |
| % of Voted Shares | 99.9877 | 0.0123 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To re-elect Dato' Azman Bin Mahmud who retires in accordance with Article 22.10 of the Company's Constitution and being eligible, offers himself for re-election |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 128 | 10 |
| No. of Shares | 69,068,270 | 72,553 |
| % of Voted Shares | 99.8951 | 0.1049 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To approve the Directors' Fees of RM1,750,000 for the financial year ended 31 December 2022 |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 119 | 18 |
| No. of Shares | 68,715,870 | 148,953 |
| % of Voted Shares | 99.7837 | 0.2163 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To approve the payment of Directors' benefits of RM40,000 to the 4 members of the Audit Committee for the financial year ended 31 December 2022 |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 115 | 22 |
| No. of Shares | 68,674,800 | 190,023 |
| % of Voted Shares | 99.7241 | 0.2759 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To approve a gratuity payment of RM275,000 to Dato' Seri Nazir Ariff Bin Mushir Ariff in recognition and appreciation for his past service and contribution to the Company as an Independent Non-Executive Director |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 110 | 27 |
| No. of Shares | 67,057,266 | 1,807,557 |
| % of Voted Shares | 97.3752 | 2.6248 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
To re-appoint Messrs KPMG PLT as Auditors of the Company for the financial year ending 31 December 2023 and to authorise the Directors to fix their remuneration |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 127 | 11 |
| No. of Shares | 69,068,230 | 72,593 |
| % of Voted Shares | 99.8950 | 0.1050 |
| Result | Accepted | |
8. Ordinary Resolution 8 |
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| Description |
Continuing in office as an Independent Non-Executive Director - Dr Zarizana @ Izana Binti Abdul Aziz |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 122 | 15 |
| No. of Shares | 15,681,368 | 139,483 |
| % of Voted Shares | 99.1184 | 0.8816 |
| Result | Accepted | |
9. Ordinary Resolution 9 |
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| Description |
Power to Issue Shares pursuant to Section 75 and Section 76 of the Companies Act 2016 |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 121 | 17 |
| No. of Shares | 68,771,500 | 369,323 |
| % of Voted Shares | 99.4658 | 0.5342 |
| Result | Accepted | |
10. Ordinary Resolution 10 |
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| Description |
Proposed Renewal of Existing Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 117 | 15 |
| No. of Shares | 9,936,776 | 141,553 |
| % of Voted Shares | 98.5955 | 1.4045 |
| Result | Accepted | |
11. Ordinary Resolution 11 |
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| Description |
Proposed Renewal of Existing Share Buy-Back Authority |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 128 | 10 |
| No. of Shares | 69,132,370 | 8,453 |
| % of Voted Shares | 99.9878 | 0.0122 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | TEXCHEM RESOURCES BERHAD |
| Stock Name | TEXCHEM |
| Date Announced | 17 May 2023 |
| Category | General Meeting |
| Reference Number | GMA-16052023-00008 |
| Corporate Action ID | MY230516MEET0008 |