The Board of Directors of XOX Bhd (“XOX” or “the Company”) wishes to announce that all the resolutions set out in the Notice of the Tenth(10th) AnnualGeneral Meeting (“10th AGM”) dated 29 January 2020 were duly passed by way of poll at the 10th AGM of the Company held on 27 February 2020, except for Ordinary Resolutions 2 and 3 relating to the re-election of Mr. Soo Pow Min and Mr. Ng Kok Heng as directors of the Company.
The Board would like to inform that Resolutions 2 and 3 were not put for voting as both Mr. Soo Pow Min and Mr. Ng Kok Heng have informed the Company that they arenot seeking for re-election as director of the Company.
The results of the poll were validated by Sharepolls Sdn. Bhd., the Independent Scrutineer appointed by the Company.
This announcement is dated 27 February 2020.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
To re-elect Dato Seri Abdul Azim Bin Mohd Zabidi who retires pursuant to Clause 115 of the Company's Constitution. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 33 | 4 |
No. of Shares | 177,874,252 | 2,646,550 |
% of Voted Shares | 98.5300 | 1.4700 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
To re-elect Mr Soo Pow Min who retire pursuant to Clause 115 of the Company's Constitution. |
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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Result | Withdrawn/ Postponed | |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 Mr Ng Kok Heng who retire pursuant to Clause 115 of the Company's Constitution. |
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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Result | Withdrawn/ Postponed | |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 approve the increase of the Directors' fees payable to the Directors of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 15 | 24 |
No. of Shares | 14,574,217 | 166,148,725 |
% of Voted Shares | 8.0600 | 91.9400 |
Result | Rejected | |
5. Ordinary Resolution 5 |
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Description |
To approve the payment of Directors fees of up to RM600,000 to be divided amongst the Directors in such manner as the Directors may determine and other benefits payable of up to RM180,000 for the period commencing from 27 February 2020 until the conclusion of the next Annual General Meeting of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 11 | 27 |
No. of Shares | 14,350,790 | 166,372,150 |
% of Voted Shares | 7.9400 | 92.0600 |
Result | Rejected | |
6. Ordinary Resolution 6 |
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Description |
To re-appoint Messrs Moore Stephens Associates PLT as Auditors of the Company and to authorise the Directors to fix their remuneration. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 35 | 3 |
No. of Shares | 177,861,950 | 2,679,000 |
% of Voted Shares | 98.5200 | 1.4800 |
Result | Accepted | |
7. Ordinary Resolution 7 |
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Description |
To approve the authority to allot and issue shares in general 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 | 31 | 7 |
No. of Shares | 177,843,125 | 2,697,825 |
% of Voted Shares | 98.5100 | 1.4900 |
Result | Accepted | |
8. Ordinary Resolution 8 |
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Description |
To approve the Proposed Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature ("Proposed Shareholders Mandate") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 31 | 6 |
No. of Shares | 177,843,125 | 2,647,825 |
% of Voted Shares | 98.5300 | 1.4700 |
Result | Accepted | |