[N2N] General on 27-May-2021

Stock
[N2N]: N2N CONNECT BHD
Announcement Date
12-May-2021
Type
General
Date & Time
27-May-2021 10:00
Depositor Date
20-May-2021
Venue
Broadcast Venue at Level 10, Tower 1, Avenue 5 Bangsar South City 59200 Kuala Lumpur
Description
Due to the COVID-19 pandemic and the implementation of the Movement Control Order, the 20th AGM of the Company will be conducted fully virtual at the Broadcast Venue and via Remote Participation and Voting. The Date and Time of the AGM remain unchanged.
Notice to Shareholder and Administrative Guide (revised).pdf
Outcome

The Board of Directors of N2N Connect Berhad ("the Company") is pleased to announce that all the resolutions as set out in the Notice of Annual General Meeting ("AGM") of the Company dated 28 April2021, were passed by the shareholders of the Company at the AGM held today, 27 May 2021.

All Resolutions were carried by way of polling (please refer to the attached summary of poll result report).

USearch Management Services was appointed as the scrutineer for the polling process.

Details of the poll results for Resolution 10 is as follows:

Resolution

Total Votes For

Total Vote Against

Results

No. of Shares

%

No. of Shares

%

Resolution 10

Ordinary Resolution No. 10

Retention of Dato Tan Boon Leng as Independent Director.

Tier 1

132,055,852

100.0000

Nil

0.0000

Accepted

Tier 2

191,779,931

99.7144

549,245

0.2856

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

This announcement is dated 27 May 2021.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' Fees of RM954,000 for the financial year ending 31 December 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 60 15
No. of Shares 324,590,705 117,923
% of Voted Shares 99.9637 0.0363
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors' benefits (excluding Directors' Fees) up to an amount of RM21,000 payable from 1 January 2021 until the next Annual General Meeting of the Company to be held in 2022.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 61 14
No. of Shares 324,591,305 117,323
% of Voted Shares 99.9639 0.0361
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mr. Tiang Boon Hwa who is retiring in accordance with Clause 103(1) of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 62 13
No. of Shares 324,592,305 116,323
% of Voted Shares 99.9642 0.0358
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Mr. Goh Ching Chee who is retiring in accordance with Clause 103(1) of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 62 13
No. of Shares 324,589,308 119,320
% of Voted Shares 99.9633 0.0367
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect En. Abdul Kadir Bin Md Kassim who is retiring in accordance with Clause 110 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 62 13
No. of Shares 324,589,308 119,320
% of Voted Shares 99.9633 0.0367
Result Accepted

6. Ordinary Resolution 6

Description 
To re-elect Mr. Chua Hock Seng who is retiring in accordance with Clause 110 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 62 13
No. of Shares 324,589,308 119,320
% of Voted Shares 99.9633 0.0367
Result Accepted

7. Ordinary Resolution 7

Description 
To re-appoint HLB AAC PLT as Auditors of the Company and to authorise the Board of Directors to determine their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 64 8
No. of Shares 324,563,405 114,623
% of Voted Shares 99.9647 0.0353
Result Accepted

8. Ordinary Resolution 8

Description 
Authority pursuant to Sections 75 And 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 62 12
No. of Shares 324,587,283 120,745
% of Voted Shares 99.9628 0.0372
Result Accepted

9. Ordinary Resolution 9

Description 
Proposed Renewal of the Authority for the Company to purchase up to Ten Percent (10%) of its total number of issued shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 60 15
No. of Shares 324,553,685 154,943
% of Voted Shares 99.9523 0.0477
Result Accepted

10. Ordinary Resolution 10

Description 
Retention of Dato Tan Boon Leng as Independent Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 54 16
No. of Shares 323,835,783 549,245
% of Voted Shares 99.8307 0.1693
Result Accepted

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