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GENERAL MEETINGS: Outcome of Meeting

KWANTAS CORPORATION BERHAD

Type of Meeting Annual General Meeting
Indicator Outcome of Meeting
Date of Meeting 29 Nov 2019
Time 02:30 PM
Venue
K-63A-3rd Floor, Signature Office, KK Times Square, Off Coastal Highway, 88100 Kota Kinabalu, Sabah
Outcome of Meeting

The Board of Directors of Kwantas Corporation Berhad ("the Company") wishes to announce that all resolutions as set out in the Notice of 24th Annual General Meeting ("AGM") of the Company dated 31st October 2019 were duly approved by the shareholders of the Company at the AGM held earlier this afternoon by way of poll voting.

The results of the poll were validated by Ms Wong Lee Fun, the representative from Duomatic Corporate Services Sdn Bhd, the independent Scrutineer appointed by the Company.

This announcement is dated 29th November 2019.

Voting Results

Resolution Vote in favour Vote Against Results
No. of Shares % No. of Shares %
Resolution 1
To approve the payment of Directors' fees up to an amount of RM180,000 to Non-Executive Directors from the 24th Annual General Meeting to the next Annual General Meeting of the Company.
161,511,832 100.000000 0 0.000000 Carried
Resolution 2
To approve the payment of Directors' meeting allowance up to an aggregate amount of not more than RM24,000 to Non-Executive Directors from the 24th Annual General Meeting to the next Annual General Meeting of the Company.
161,511,832 100.000000 0 0.000000 Carried
Resolution 3
To re-elect Ms Kwan Min Nyet who retires by rotation pursuant to Article 73 of the Company's Constitution (Articles of Association) and being eligible, offer herself for re-election.
161,511,832 100.000000 0 0.000000 Carried
Resolution 4
To re-elect Datuk Ismail Bin Abdullah who retires by rotation pursuant to Article 73 of the Company's Constitution (Articles of Association) and being eligible, offer himself for re-election.
161,511,832 100.000000 0 0.000000 Carried
Resolution 5
To re-elect Mr Kwan Ngen Wah who retires by rotation pursuant to Article 106 of the Company's Constitution (Articles of Association) and being eligible, offer himself for re-election.
161,511,832 100.000000 0 0.000000 Carried
Resolution 6
To re-appoint Messrs PKF as Auditors of the Company and authorise the Directors to fix their remuneration.
161,511,832 100.000000 0 0.000000 Carried
Resolution 7
To approve the authority to allot and issue shares pursuant to Sections 75 and 76 of the Companies Act 2016. 
161,511,832 100.000000 0 0.000000 Carried
Resolution 8
To propose renewal of and new shareholders' mandate for recurrent related party transactions of a revenue or trading nature.
67,395,700 100.000000 0 0.000000 Carried
Resolution 9
To propose renewal of authority for the Company to purchase up to ten percent (10%) of the issued shares of the Company.
161,511,832 100.000000 0 0.000000 Carried
Resolution 10 - Tier 1
To propose continuing in office as Independent Non-Executive Director for Mr Ooi Jit Huat who has served as an Independent Non-Executive Director for a cumulative term of more than twelve (12) years.
94,116,132 100.000000 0 0.000000 Carried
Resolution 10 - Tier 2
To propose continuing in office as Independent Non-Executive Director for Mr Ooi Jit Huat who has served as an Independent Non-Executive Director for a cumulative term of more than twelve (12) years.
67,395,700 100.000000 0 0.000000 Carried
Resolution 11
To approve the proposed adoption of the new Constitution of the Company.
161,511,832 100.000000 0 0.000000 Carried




Announcement Info

Company Name KWANTAS CORPORATION BERHAD
Stock Name KWANTAS
Date Announced 29 Nov 2019
Category General Meeting
Reference Number GMA-27112019-00014