GENERAL MEETINGS: Outcome of Meeting
| ORNAPAPER BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 29 May 2025 |
| Time | 10:30 AM |
| Venue(s) |
Function Room 2, Level 2, Holiday Inn Melaka, Jalan Syed Abdul Aziz, 75000 Melaka, Malaysia |
| Outcome of Meeting | The Board of Directors of Ornapaper Berhad ("ORNA" or "the Company") wishes to announce that the shareholders of the Company have approved all the resolutions as set out in the Notice of the Twenty-Third Annual General Meeting (“AGM”) dated 30 April 2025 at the Twenty-Third AGM held today.
All the resolutions were voted by poll at the Twenty-Third AGM and the results were verified by the representative from Needsbridge Advisory Sdn. Bhd., the Independent Scrutineer appointed by the Company.
The details of the poll results are set out below.
This announcement is dated 29 May 2025. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the payment of Directors' fees up to an amount of RM255,000 from 30 May 2025 until the Twenty-Fourth Annual General Meeting of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 30 | 0 |
| No. of Shares | 42,240,043 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To approve the payment of Directors' benefits payable up to an amount of RM32,000 from 30 May 2025 until the Twenty-Fourth Annual General Meeting of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 30 | 0 |
| No. of Shares | 42,240,043 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
||
| Description |
To re-elect Mr. Sai Chin Hock, who retires by rotation in accordance with Clause 120 of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 30 | 0 |
| No. of Shares | 42,240,043 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
||
| Description |
To re-elect Mr. Tan Chin Hwee, who retires by rotation in accordance with Clause 120 of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 30 | 0 |
| No. of Shares | 42,240,043 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
||
| Description |
To re-elect Mr. Sai Ah Sai, who retires by rotation in accordance with Clause 120 of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 30 | 0 |
| No. of Shares | 42,240,043 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To re-appoint Crowe Malaysia PLT as Auditors of the Company for the financial year ending 31 December 2025 and to authorise the Directors to determine their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 30 | 0 |
| No. of Shares | 42,240,043 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
||
| Description |
Authority to Issue Shares pursuant to the Companies Act 2016. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 30 | 0 |
| No. of Shares | 42,240,043 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
8. Ordinary Resolution 8 (Tier 1) |
||
| Description |
Retention of Mr. Tan Chin Hwee as an Independent Non-Executive Director of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 3 | 0 |
| No. of Shares | 38,020,219 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
9. Ordinary Resolution 8 (Tier 2) |
||
| Description |
Retention of Mr. Tan Chin Hwee as an Independent Non-Executive Director of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 27 | 0 |
| No. of Shares | 4,219,824 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
10. Ordinary Resolution 9 |
||
| Description |
Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue and/or Trading Nature. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 30 | 0 |
| No. of Shares | 42,240,043 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
11. Ordinary Resolution 10 |
||
| Description |
Proposed Renewal of Existing Shareholders' Mandate for Existing Recurrent Related Party Transactions of a Revenue and/or Trading Nature. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 21 | 0 |
| No. of Shares | 2,566,900 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
12. Ordinary Resolution 11 |
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| Description |
Proposed Renewal of Authority for the Company to Purchase Its Own Shares. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 21 | 0 |
| No. of Shares | 2,566,900 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
Announcement Info
| Company Name | ORNAPAPER BERHAD |
| Stock Name | ORNA |
| Date Announced | 29 May 2025 |
| Category | General Meeting |
| Reference Number | GMA-29052025-00005 |
| Corporate Action ID | MY250529MEET0005 |