[SOLUTN] General on 29-Jun-2020

Stock
[SOLUTN]: SOLUTION GROUP BERHAD
Announcement Date
19-Jun-2020
Type
General
Date & Time
29-Jun-2020 10:00
Depositor Date
22-Jun-2020
Venue
PT 13796, Jalan Tekno Usahawan 2 Technology Park Malaysia 57000 Kuala Lumpur
Description
Addendum to the Administrative Guide for the Sixteenth Annual General Meeting ("16th AGM")
SGB 16th AGM Administrative Guide - Addendum.pdf
Outcome

The Board of Directors of Solution Group Berhad (“the Company”) is pleased to announce that all the resolutions as set out in the Notice of Annual General Meeting ("AGM") dated 5 June 2020were duly passed at the AGM held on 29 June 2020.

The resolutions were decided by way of poll voting at the AGM. The results of the poll validated by Asia Securities Sdn Berhad, the Independent Scrutineers appointed by the Company.

Details of the poll results for Ordinary Resolution 7 and Ordinary Resolution 8 is as follows:

Resolution

Description

Shareholders Action

Voted

No. of Shareholders

No. of Shares

% of Voted Shares

Results

Ordinary Resolution 7 – Tier 1

To retain Datuk Dr. Syed Muhamad Bin Syed Abdul Kadir as an Independent Non-Executive Director.

For Voting

For

Against

4

0

68,481,682

0

100.0000

0.0000

Accepted

Ordinary Resolution 7 – Tier 2

To retain Datuk Dr. Syed Muhamad Bin Syed Abdul Kadir as an Independent Non-Executive Director.

For Voting

For

Against

11

0

31,738,032

0

100.0000

0.0000

Accepted

Ordinary Resolution 8 – Tier 1

To retain Mr. Low Wei Ngee as an Independent Non-Executive Director.

For Voting

For

Against

4

0

68,481,682

0

100.0000

0.0000

Accepted

Ordinary Resolution 8 – Tier 2

To retain Mr. Low Wei Ngee as an Independent Non-Executive Director.

For Voting

For

Against

10

0

31,737,933

0

100.0000

0.0000

Accepted

Please refer to the attachment for the details of the poll results.

This announcement is dated 29 June 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors Fees of RM188,400 for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 12 0
No. of Shares 95,327,272 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors benefits of RM188,400 for the period from 29 June 2020 until the next AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 12 0
No. of Shares 95,327,272 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Datuk Dr. Syed Muhamad Bin Syed Abdul Kadir, who retires in accordance with Article 18.3 of the Company's Constitution and being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 14 0
No. of Shares 97,374,292 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect En. Mohd Shahrin Bin Saparin @ Abdul Rahman, who retires in accordance with Article 18.3 of the Company's Constitution and being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 14 0
No. of Shares 99,171,614 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Mr. Low Wei Ngee, who retires in accordance with Article 18.3 of the Company's Constitution and being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 14 0
No. of Shares 100,219,615 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Ordinary Resolution 6

Description 
To re-appoint Messrs Folks DFK & Co. as Auditors of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 15 0
No. of Shares 100,219,714 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Ordinary Resolution 7

Description 
To retain Datuk Dr. Syed Muhamad Bin Syed Abdul Kadir as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 15 0
No. of Shares 100,219,714 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Ordinary Resolution 8

Description 
To retain Mr. Low Wei Ngee as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 14 0
No. of Shares 100,219,615 0
% of Voted Shares 100.0000 0.0000
Result Accepted

9. Ordinary Resolution 9

Description 
To approve the authority under Sections 75 and 76 of the Companies Act 2016 for the Directors to allot and issue shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 15 0
No. of Shares 100,219,714 0
% of Voted Shares 100.0000 0.0000
Result Accepted

10. Ordinary Resolution 10

Description 
To approve the proposed renewal of authority for the Company to purchase its own shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 15 0
No. of Shares 100,219,714 0
% of Voted Shares 100.0000 0.0000
Result Accepted

11. Ordinary Resolution 11

Description 
To approve the proposed renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a revenue or trading nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 12 0
No. of Shares 41,809,112 0
% of Voted Shares 100.0000 0.0000
Result Accepted

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