[BAHVEST] General Meeting on 22-Mar-2024

Stock
[BAHVEST]: BAHVEST RESOURCES BERHAD
Announcement Date
30-Jan-2024
Reference No.
GMA-29012024-00017
Corporate Action ID
MY240129MEET0017
Type
General Meeting
Date & Time
22-Mar-2024 10:00
Depositor Date
18-Mar-2024
Venue
Matahari 3 and 4, Level 5, Cititel Mid Valley, Lingkaran Syed Putra, Mid Valley City, 59200 Kuala Lumpur
Description
Nineteenth Annual General Meeting ("19th AGM")
Bahvest Notice 19th AGM.pdf
Outcome

The Board of Directors of Bahvest Resources Berhad (“Bahvest” or “the Company”) wishes to announce that all resolutions set out in the Notice of the 19th Annual General Meeting ("AGM") of the Company dated 31 January 2024 were duly passed by the shareholders of the Company by way of poll voting held on today, 22 March 2024, save and except for Ordinary Resolution 5 in relation to the re-election of Mr Law Ngia Meng as Director was withdrawn as Mr Law Ngia Meng was resigned on 9 February 2024.

The results of the poll were verified by the Independent Scrutineer, Techcom Advisory Sdn. Bhd.

This announcement is dated 22 March 2024.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors Fees and Benefits to the Non-Executive Directors up to an amount of RM500,000 for the period from the conclusion of the 19th AGM until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 8
No. of Shares 458,598,032 1,123,104
% of Voted Shares 99.7557 0.2443
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Mr. Chong Tzu Khen is retiring in accordance with Clause 107(1)(a) of the Company's Constitution and being eligible, offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 45 3
No. of Shares 459,721,033 103
% of Voted Shares 99.9999 0.0001
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mr Wong Ji Yung who is retiring in accordance with Clause 107(1)(a) of the Company's Constitution and being eligible, offered himself, for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 45 3
No. of Shares 459,721,033 103
% of Voted Shares 99.9999 0.0001
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Mr. Chong Mee Fah @ Frederick Chong who is retiring in accordance with Clause 107(1)(a) of the Company's Constitution and being eligible, offered himself, for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 45 4
No. of Shares 458,297,433 1,423,703
% of Voted Shares 99.6903 0.3097
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Mr Law Ngia Meng who is retiring in accordance with Clause 107(1)(a) of the Company's Constitution and being eligible, offered himself, for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 0 0
No. of Shares 0 0
% of Voted Shares 0.0000 0.0000
Result Withdrawn/ Postponed

6. Ordinary Resolution 6

Description 
To re-elect Puan Rohaiza Binti Tan Sri Mohamed Basir who is retiring in accordance with Clause 107(1)(a) of the Company's Constitution and being eligible, offered herself, for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 43 3
No. of Shares 459,720,833 103
% of Voted Shares 99.9999 0.0001
Result Accepted

7. Ordinary Resolution 7

Description 
To re-appoint Messrs Baker Tilly Monteiro Heng PLT as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 43 4
No. of Shares 458,297,233 1,423,703
% of Voted Shares 99.6903 0.3097
Result Accepted

8. Ordinary Resolution 8

Description 
Authority to issue and allot shares pursuant to Sections 75 and 76 of the Companies Act, 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 6
No. of Shares 459,720,132 804
% of Voted Shares 99.9998 0.0002
Result Accepted

9. Ordinary Resolution 9

Description 
Retention of Independent Non-Executive Director pursuant to Practice 5.3 of the Malaysian Code on Corporate Governance.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1 0
No. of Shares 169,693,700 0
% of Voted Shares 100.0000 0.0000
Result Accepted

10. Ordinary Resolution 9 (Tier 2)

Description 
Retention of Independent Non-Executive Director pursuant to Practice 5.3 of the Malaysian Code on Corporate Governance.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 5
No. of Shares 290,027,114 122
% of Voted Shares 99.9999 0.0001
Result Accepted

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