[PARAMON] General on 25-Jun-2020

Stock
[PARAMON]: PARAMOUNT CORPORATION BHD
Announcement Date
27-May-2020
Type
General
Date & Time
25-Jun-2020 10:00
Depositor Date
18-Jun-2020
Venue
Co-labs Coworking The Starling, Lot 4-401 & 4-402, Level 4, The Starling mall, No. 6, Jalan SS21/37, Damansara Uptown, 47400 Petaling Jaya, Selangor Darul Ehsan
Description
Notice of Fiftieth Annual General Meeting
Paramount - 50th AGM Notice (Bursa).pdf
Outcome

Paramount Corporation Berhad (the Company) is pleased to announce that all the resolutions as set out in the Notice convening the Fiftieth Annual General Meeting (50th AGM) dated28May 2020 were duly passed by the shareholders of the Company at the 50th AGM heldon 25 June 2020.

All the resolutions were voted by poll and the results of the poll werevalidated by Asia SecuritiesSdn Bhd, the independent scrutineer appointed by the Company.

This announcement is dated 25June 2020.

Voting Results

1. 1

Description 
To approve the declaration of a single-tier final dividend of 4.5 sen per share in respect of the year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 179 8
No. of Shares 316,189,342 126,280
% of Voted Shares 99.9600 0.0400
Result Accepted

2. 2

Description 
To approve the payment of Directors' fees and meeting allowances not exceeding an aggregate amount of RM1,500,000.00 for the period from 1 January 2020 to 30 June 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 174 12
No. of Shares 316,189,667 115,780
% of Voted Shares 99.9630 0.0370
Result Accepted

3. 3

Description 
To re-elect Mr Quah Poh Keat as a Director of the Company who is retiring pursuant to Clause 85 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 174 13
No. of Shares 315,856,222 459,400
% of Voted Shares 99.8550 0.1450
Result Accepted

4. 4

Description 
To re-elect Mr Ong Keng Siew as a Director of the Company who is retiring pursuant to Clause 85 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 171 12
No. of Shares 305,755,142 232,820
% of Voted Shares 99.9240 0.0760
Result Accepted

5. 5

Description 
To re-elect Mr Benjamin Teo Jong Hian as a Director of the Company who is retiring pursuant to Clause 86 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 175 12
No. of Shares 316,191,442 124,180
% of Voted Shares 99.9610 0.0390
Result Accepted

6. 6

Description 
To re-elect Ms Foong Pik Yee as a Director of the Company who is retiring pursuant to Clause 86 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 175 12
No. of Shares 316,224,822 90,800
% of Voted Shares 99.9710 0.0290
Result Accepted

7. 7

Description 
To re-appoint Ernst & Young 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 176 10
No. of Shares 315,818,972 77,980
% of Voted Shares 99.9750 0.0250
Result Accepted

8. 8

Description 
Authority for Datuk Seri Michael Yam Kong Choy to continue in office as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 175 12
No. of Shares 316,233,330 82,292
% of Voted Shares 99.9740 0.0260
Result Accepted

9. 9

Description 
Authority to Directors to allot and issue shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 173 14
No. of Shares 315,787,652 527,970
% of Voted Shares 99.8330 0.1670
Result Accepted

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