[BINACOM] General on 27-Nov-2020

Stock
[BINACOM]: BINASAT COMMUNICATIONS BERHAD
Announcement Date
16-Nov-2020
Type
General
Date & Time
27-Nov-2020 10:00
Depositor Date
19-Nov-2020
Venue
Broadcast Venue: Level 2, Menara Binasat Lot PT 13824, Jalan Teknologi 4 Technology Park Malaysia, Bukit Jalil 57000 Kuala Lumpur
Description
In view of the COVID-19 pandemic, the 4th AGM shall be a fully virtual meeting to be held at the Broadcast Venue. The date and time of 4th AGM remain unchanged. Please refer to the attachment for the Notification to Shareholders and Administrative Guide.
Binasat - Notification to Shareholders and Administrative Guide.pdf
Outcome

The Board of Directors of Binasat Communications Berhad(the "Company") wishes to announce that all the resolutions as set out in the Notice of the Fourth Annual General Meeting ("4th AGM") were duly passed by way of poll via remote participation and voting facilities at the 4th AGM held on today, 27 November 2020. Please refer to the attachment for the poll results.

The results of the poll were validated by GovernAce Advisory & Solutions Sdn Bhd, the Independent Scrutineers appointed by the Company.

This announcement is dated 27 November 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' fees and benefits payable to the Non-Executive Directors of the Company up to an aggregate amount of RM235,000 for the financial year ending 30 June 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 16 5
No. of Shares 88,176,151 38,000
% of Voted Shares 99.9569 0.0431
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Mr. Na Boon Aik who is retiring pursuant to Clause 96 of the Constitution of the Company
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 20 0
No. of Shares 15,072,400 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mr. Na Bon Tiam who is retiring pursuant to Clause 96 of the Constitution of the Company
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 0
No. of Shares 88,509,151 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. Ordinary Resolution 4

Description 
To re-appoint Messrs Crowe Malaysia PLT 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 22 0
No. of Shares 88,514,151 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Special Resolution

Description 
To approve the Proposed Alteration to the Constitution of the Company
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 22 0
No. of Shares 88,514,151 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Ordinary Resolution 5

Description 
To approve the authority under Section 75 and Section 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 21 1
No. of Shares 88,494,151 20,000
% of Voted Shares 99.9774 0.0226
Result Accepted

7. Ordinary Resolution 6

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 20 0
No. of Shares 12,577,400 0
% of Voted Shares 100.0000 0.0000
Result Accepted

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