[ELSOFT] General on 28-Aug-2020

Stock
[ELSOFT]: ELSOFT RESEARCH BHD
Announcement Date
29-Jun-2020
Type
General
Date & Time
28-Aug-2020 10:00
Depositor Date
21-Aug-2020
Venue
Conference Hall of the Company Plot 85B, Lintang Bayan Lepas 9 Bayan Lepas Industrial Park, Phase 4 11900 Penang
Description
Seventeenth Annual General Meeting
Notice of AGM.pdf
Outcome

The Board of Directors of Elsoft Research Berhad (“the Company”) wishes to announce that all the resolutions as set out in the Notice of 17th Annual General Meeting ("AGM") dated 30 June 2020 were duly approved by way of poll at the 17th AGM of the Company held on 28 August 2020.

The independent scruitineer appointed for the verification of the poll results is Messrs. Symphony Merchant Sdn. Bhd.

Details of the Poll Results for Resolution 7 are as follows:

Ordinary Resolutions 7

Vote For

Vote Against

Results

No. of Shareholders

No. of Units

%

No. of Shareholders

No. of Units

%

THAT, Dato Dr. Chong Eng Keat @ Teoh Eng Keat be retained as Independent Non-Executive Director of the Company, in accordance with the Malaysian Code on Corporate Governance 2017 until the conclusion of the next annual general meeting.

Tier 1

1

161,101,440

100.0000

0

0

0.0000

Accepted

Tier 2

40

284,647,082

99.9966

4

9,580

0.0034


The details of the results of the poll are set out in the attachment.

This announcement is dated 28 August 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors fees of not exceeding RM300,000.00 to the Non-Executive Directors for the financial year ending 31 December 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 35 3
No. of Shares 290,824,584 9,100
% of Voted Shares 99.9969 0.0031
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Dato Dr Chong Eng Keat @ Teoh Eng Keat as Director of the Company,who retire pursuant to Article 18.3 of the Company's Constitution and being eligible, have offered himself for re-election
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 3
No. of Shares 445,185,870 9,100
% of Voted Shares 99.9980 0.0020
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mr Ooi Toon Kit as Director of the Company,who retire pursuant to Article 18.3 of the Company's Constitution and being eligible, have offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 38 2
No. of Shares 442,868,402 1,100
% of Voted Shares 99.9998 0.0002
Result Accepted

4. Ordinary Resolution 4

Description 
To re-appoint BDO 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 19 0
No. of Shares 349,519,198 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Ordinary Resolution 5

Description 
Authority under Sections 75 and 76 of the Companies Act, 2016 for the Directors to issue shares
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 36 6
No. of Shares 445,033,870 49,200
% of Voted Shares 99.9889 0.0111
Result Accepted

6. Ordinary Resolution 6

Description 
Proposed Renewal of Share Buy-Back Authority
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 1
No. of Shares 445,205,482 15,000
% of Voted Shares 99.9966 0.0034
Result Accepted

7. Ordinary Resolution 7

Description 
THAT, Dato Dr. Chong Eng Keat @ Teoh Eng Keat be retained as Independent Non-Executive Director of the Company, in accordance with the Malaysian Code on Corporate Governance 2017 until the conclusion of the next annual general meeting.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 41 4
No. of Shares 445,748,522 9,580
% of Voted Shares 99.9979 0.0021
Result Accepted

8. Ordinary Resolution 8

Description 
THAT, Mr Ooi Toon Kit be retained as Independent Non-Executive Director of the Company, in accordance with the Malaysian Code on Corporate Governance 2017 until the conclusion of the next annual general meeting.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 41 2
No. of Shares 443,445,002 9,000
% of Voted Shares 99.9980 0.0020
Result Accepted

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