The Board of Directors of Oversea Enterprise Berhad ("the Company") is pleased to announce thatthe Ordinary Resolutions 1, 4, 5 and 8 as set out in the Notice of AnnualGeneral Meeting ("AGM") of the Company dated 28 August2020, were duly passed by the shareholders of the Company at the 25th AGM held today, 28 September 2020.
Ordinary Resolutions 2 and 3havebeen withdrawn as Mr. Yu Tack Tein and Ms. Chui Mee Chuen hadwithdrawn their offer for re-electionas Directors of the Company. At the close of the 25th AGM held on 28 September 2020,Mr. Yu Tack Tein and Ms. Chui Mee Chuen retired from office as Directors of the Company.
Ordinary Resolutions 6and 7havebeen withdrawn as Mr. Koong Lin Loong and Mr. Chiam Soon Hock had tendered the resignation as Directors of the Company with effect from 28 September 2020.
AllResolutions put to vote werecarried by way of polling (please refer to the attached summary of poll result report).
Boardroom Corporate Services Sdn Bhd was appointed as the scrutineer for the polling process.
This announcement is dated 28September2020.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
To approve the Directors' fees of RM97,200 for the financial year ended 31 March 2020. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 45 | 0 |
No. of Shares | 21,057,493 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
To re-elect Mr. Yu Tack Tein as a Director of the Company. |
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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Result | Withdrawn/ Postponed | |
3. Ordinary Resolution 3 |
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Description |
To re-elect Ms. Chui Mee Chuen as a Director of the Company. |
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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Result | Withdrawn/ Postponed | |
4. Ordinary Resolution 4 |
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Description |
To re-appoint Messrs. Crowe Malaysia PLT as Auditors of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 47 | 0 |
No. of Shares | 30,858,093 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
5. Ordinary Resolution 5 |
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Description |
To approve the payment of benefits payable to the Directors of the Company up to an amount of RM41,000 for the period from 25th Annual General Meeting up to the next Annual General Meeting in the year 2021. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 45 | 0 |
No. of Shares | 21,057,493 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
6. Ordinary Resolution 6 |
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Description |
To retain Mr. Koong Lin Loong as Independent Non-Executive Director. |
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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 | |
7. Ordinary Resolution 7 |
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Description |
To retain Mr. Chiam Soon Hock as Independent Non-Executive Director. |
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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. Ordinary Resolution 8 |
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Description |
Authority to issue shares pursuant to the Companies Act 2016. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 47 | 0 |
No. of Shares | 30,858,093 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |