The Board of Directors of Grand-Flo Berhad (“the Company”) is pleased to announce that all the resolutions under Ordinary and Special Business as prescribed in the Notice of Seventeenth Annual General Meeting (“17th AGM”) of the Company dated 15 June 2020 were duly passed by the shareholders of the Company by way of poll via remote participation and voting at the 17th AGM of the Company.
The result of the poll was validated by Cygnus IT Solutions PLT, the independent scrutineer appointed by the Company.
The Audited Financial Statements for the financial year ended 31 December 2019 together with the Reports of the Directors and Auditors thereon were received and duly tabled at the 17th AGM of the Company under Agenda 1.
Please refer to the attachment for the details of the outcome.
This announcement is dated 7 July 2020.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
To declare and approve the final share dividend via a distribution of treasury shares on the basis of one (1) treasury share for every thirty (30) existing ordinary shares held in the Company in respect of the financial year ended 31 December 2019. Any fractions arising from the distribution of treasury shares will be disregarded. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 26 | 0 |
No. of Shares | 399,505,703 | 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' fees and benefits of up to RM350,000.00 for the financial year ending 31 December 2020. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 26 | 0 |
No. of Shares | 399,505,703 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
3. Ordinary Resolution 3 |
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Description |
To re-elect Dato' Sri Yap Ngan Choy as a Director of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 26 | 0 |
No. of Shares | 399,505,703 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
4. Ordinary Resolution 4 |
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Description |
To re-elect Dato' Yap Fook Choy as a Director of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 26 | 0 |
No. of Shares | 399,505,703 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
5. Ordinary Resolution 5 |
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Description |
To re-elect Mr. Yap Chun Theng as a Director of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 26 | 0 |
No. of Shares | 399,505,703 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
6. Ordinary Resolution 6 |
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Description |
To re-elect Mr. Allen Yap Kuan Kee as a Director of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 26 | 0 |
No. of Shares | 399,505,703 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
7. Ordinary Resolution 7 |
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Description |
To re-elect Mr. Sae-Yap Atthakovit as a Director of the Company. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 26 | 0 |
No. of Shares | 399,505,703 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
8. Ordinary Resolution 8 |
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Description |
To re-appoint Moore Stephens Associates PLT as Auditors of the Company until the conclusion of the next AGM and to authorise the Directors to fix their remuneration. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 26 | 0 |
No. of Shares | 399,505,703 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
9. Ordinary Resolution 9 |
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Description |
To retain Mr. Cheong Kee Yoong as an Independent Non-Executive Director of the Company. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 1 | 0 |
No. of Shares | 331,484,251 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
10. Ordinary Resolution 10 |
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Description |
To approve the authority for the Directors to allot and issue shares pursuant to Sections 75 and 76 of the Companies Act 2016. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 26 | 0 |
No. of Shares | 399,505,703 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
11. Ordinary Resolution 11 |
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Description |
To approve the Proposed Renewal of the Authority for the Company to purchase its own shares of up to ten per centum (10%) of its total number of issued shares |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 26 | 0 |
No. of Shares | 399,505,703 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
12. Ordinary Resolution 12 |
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Description |
To approve the Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue and/or Trading Nature |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 25 | 0 |
No. of Shares | 68,021,452 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
13. Special Resolution |
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Description |
To approve the proposed amendments to the Constitution of the Company. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 26 | 0 |
No. of Shares | 399,505,703 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
14. Ordinary Resolution 9 (Tier 2) |
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Description |
To retain Mr. Cheong Kee Yoong as an Independent Non-Executive Director of the Company |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 25 | 0 |
No. of Shares | 68,021,452 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
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