[SYSTECH] General on 28-Aug-2020

Stock
[SYSTECH]: SYSTECH BHD
Announcement Date
29-Jul-2020
Type
General
Date & Time
28-Aug-2020 09:00
Depositor Date
24-Aug-2020
Venue
UNIT T05, TOWER BLOCK, PLAZA DWITASIK, JALAN TASIK PERMAISURI 1, BANDAR SRI PERMAISURI, 56000 KUALA LUMPUR
Description
TENTH ANNUAL GENERAL MEETING
Systech Bhd-Notice of 10th AGM-28 August 2020.pdf
Outcome

The Board of Directors of Systech Berhad ("Systech" or "the Company") wishes to announce that all theresolutions set out in the Notice of the Tenth Annual General Meeting ("10th AGM") of the Company dated 30 July 2020 were duly passed at the 10th AGM of the Company, except for Resolution 7 which were withdrawn.

In this respect,Mr. Terence Selvarajah A/L Peter Selvarajah had expressed his intension not to continue in office. At the close of the 10th AGM of the Company,Mr. Terence Selvarajah A/L Peter Selvarajah retired from office as Independent Non-Executive Director of the Company.

All the resolutions were voted by poll and the results of the poll were validated by Ferrier Hodgson Mh Sdn Bhd, the Independent Scrutineer appointed by the Company.

Please refer to below for details of the poll results.

This announcement is dated 28 August 2020.

Voting Results

1. Resolution 1

Description 
To approve the declaration and payment of a single tier final dividend of 0.2 sen per ordinary share in respect of the financial year ended 31 March 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 45 2
No. of Shares 183,568,671 150
% of Voted Shares 99.9999 0.0001
Result Accepted

2. Resolution 2

Description 
To approve the payment of Directors fees and allowances to the Non-Executive Directors of up to RM120,000 with effect from 28 August 2020 until the next Annual General Meeting (AGM) of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 47 0
No. of Shares 183,568,821 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Resolution 3

Description 
To re-elect Mr. Tan Hock Ann who are retiring under Article 97 of the Company's Constitution
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 45 1
No. of Shares 183,568,671 50
% of Voted Shares 100.0000 0.0000
Result Accepted

4. Resolution 4

Description 
To re-elect Mr. Chuar Sew Tin who are retiring under Article 97 of the Company's Constitution
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 46 1
No. of Shares 183,568,771 50
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Resolution 5

Description 
To re-appoint Messrs. T. H. Kuan & Co. as the 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 45 1
No. of Shares 183,568,671 50
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Resolution 6

Description 
Retention of Mr. Robert Koong Yin Leong as an Independent Non-Executive Director
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 45 2
No. of Shares 183,568,671 150
% of Voted Shares 99.9999 0.0001
Result Accepted

7. Resolution 7

Description 
Retention of Mr. Terence Selvarajah A/L Peter Selvarajah as an Independent Non-Executive Director
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

8. Resolution 8

Description 
Authority to allot and issue shares pursuant to the Companies Act, 2016
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 46 1
No. of Shares 183,568,771 50
% of Voted Shares 100.0000 0.0000
Result Accepted

9. Resolution 9

Description 
Authority for the Company to purchase its own ordinary shares of up to 10% of its issued share capital
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 46 1
No. of Shares 183,568,771 50
% of Voted Shares 100.0000 0.0000
Result Accepted

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