GENERAL MEETINGS: Outcome of Meeting
| SWS CAPITAL BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 22 May 2023 |
| Time | 02:00 PM |
| Venue(s) |
To be held fully virtual basis and entirely via remote participation and voting (RPV) facilities at https://agm.digerati.com.my/sws-online Malaysia |
| Outcome of Meeting | The Board of Directors of SWS Capital Berhad ("SWS" or "the Company") is pleased to announce that the resolutions set out in the Notice of the Twenty-Third ("23rd") Annual General Meeting ("AGM") dated 27 April 2023 were passed by the shareholders of the Company voted by poll using remote participation and voting (“RPV”) facilities operated by Digerati Technologies Sdn Bhd in Malaysia via https://agm.digerati.com.my/sws-online at the 23rd AGM held on 22 May 2023.
The results of the poll were validated by Baker Tilly MH (Penang) Sdn. Bhd., the Scrutineer appointed by the Company.
This announcement is dated 22 May 2023. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve and ratify the additional payment of Directors Fees and monthly allowance amounting to RM31,900, which was in excess of the earlier approved amount of RM260,000 for the period commencing from 28 May 2022 until the conclusion of 23rd AGM of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 41 | 3 |
| No. of Shares | 67,835,637 | 517 |
| % of Voted Shares | 99.9992 | 0.0008 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To approve the payment of Directors fees and other benefits of up to RM285,600 for the period commencing from the conclusion of the 23rd AGM of the Company until the conclusion of the next AGM of the Company in the year 2024. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 42 | 2 |
| No. of Shares | 67,835,652 | 502 |
| % of Voted Shares | 99.9993 | 0.0007 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To re-elect Tan Sri Dato Seri Dr. Tan King Tai @ Tan Khoon Hai who retires pursuant to Clause 21.5(a) 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 | 43 | 1 |
| No. of Shares | 67,835,654 | 500 |
| % of Voted Shares | 99.9993 | 0.0007 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-elect Teoh Han Chuan who retires pursuant to Clause 21.5(a) 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 | 43 | 1 |
| No. of Shares | 67,835,654 | 500 |
| % of Voted Shares | 99.9993 | 0.0007 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To re-elect Sharon Ng Saw Ean who retires pursuant to Clause 21.5(c) 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 | 43 | 1 |
| No. of Shares | 67,835,654 | 500 |
| % of Voted Shares | 99.9993 | 0.0007 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To re-elect Khor Hun Nee who retires pursuant to Clause 21.5(c) 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 | 43 | 1 |
| No. of Shares | 67,835,654 | 500 |
| % of Voted Shares | 99.9993 | 0.0007 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
To re-appoint Messrs. UHY as Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 44 | 0 |
| No. of Shares | 67,836,154 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
8. Ordinary Resolution 8 |
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| Description |
Authority to Allot and Issue Shares pursuant to Sections 75 And 76 of the Companies Act, 2016. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 40 | 3 |
| No. of Shares | 67,805,637 | 517 |
| % of Voted Shares | 99.9992 | 0.0008 |
| Result | Accepted | |
9. Ordinary Resolution 9 |
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| Description |
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 | 35 | 2 |
| No. of Shares | 59,876,952 | 502 |
| % of Voted Shares | 99.9992 | 0.0008 |
| Result | Accepted | |
Announcement Info
| Company Name | SWS CAPITAL BERHAD |
| Stock Name | SWSCAP |
| Date Announced | 22 May 2023 |
| Category | General Meeting |
| Reference Number | GMA-22052023-00021 |
| Corporate Action ID | MY230522MEET0020 |