GENERAL MEETINGS: Outcome of Meeting
| YB VENTURES BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 12 Dec 2024 |
| Time | 11:00 AM |
| Venue(s) |
Broadcast Venue Unit 702, Level 7, Tropicana Gardens Office Tower, No. 2A, Persiaran Surian, 47810 Petaling Jaya, Selangor Malaysia |
| Outcome of Meeting | The Board of Directors of YB Ventures Berhad ("Company") is pleased to announce that all the resolutions as set out in the Notice of the 24th Annual General Meeting ("AGM") dated 30 October 2024, were duly passed by the Company's shareholders at the AGM held on 12 December 2024.
All the resolutions were voted by way of poll and the results of the poll were validated by Aegis Communication Sdn Bhd, the Independent Scrutineer appointed by the Company. The details of the said results of the poll are set out below.
This announcement is dated 12 December 2024. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To re-elect Ms Kok Soke Kuen who retires in accordance with Clause 103 of the Constitution of the Company and being eligible, has offered herself for re-election. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 41 | 7 |
| No. of Shares | 42,346,464 | 4,636,148 |
| % of Voted Shares | 90.1322 | 9.8678 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To re-elect Ms Chua Ya Ting who retires in accordance with Clause 110 of the Constitution of the Company and being eligible, has offered herself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 41 | 7 |
| No. of Shares | 42,346,464 | 4,636,148 |
| % of Voted Shares | 90.1322 | 9.8678 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To approve the payment of Directors' fees and other benefits payable totaling RM300,000 for the period from 24th AGM until the conclusion of next AGM of the Company. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 37 | 11 |
| No. of Shares | 42,342,863 | 4,639,749 |
| % of Voted Shares | 90.1245 | 9.8755 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-appoint Messrs. Morison LC PLT as Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 42 | 6 |
| No. of Shares | 42,426,464 | 4,556,148 |
| % of Voted Shares | 90.3025 | 9.6975 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To approve the authority to allot and issue shares in general pursuant to Sections 75 and 76 of the Companies Act 2016 ("CA2016"); and waiver of pre-emptive rights over new ordinary shares or other convertible securities in the Company under Section 85(1) of CA2016 read together with Clause 65 of the Company's Constitution.
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 42 | 6 |
| No. of Shares | 42,426,464 | 4,556,148 |
| % of Voted Shares | 90.3025 | 9.6975 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To approve the proposed renewal of share buy-back authority for the Company to purchase up to 10% of the Company's total number of issued shares. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 42 | 6 |
| No. of Shares | 42,426,464 | 4,556,148 |
| % of Voted Shares | 90.3025 | 9.6975 |
| Result | Accepted | |
Announcement Info
| Company Name | YB VENTURES BERHAD |
| Stock Name | YB |
| Date Announced | 12 Dec 2024 |
| Category | General Meeting |
| Reference Number | GMA-12122024-00002 |
| Corporate Action ID | MY241212MEET0002 |