[KRETAM] General on 10-Jul-2020

Stock
[KRETAM]: KRETAM HOLDINGS BHD
Announcement Date
11-Jun-2020
Type
General
Date & Time
10-Jul-2020 10:00
Depositor Date
30-Jun-2020
Venue
Lot 6, Block 44, Leboh Tiga, 90000 Sandakan, Sabah.
Description
Thirty-Second Annual General Meeting
Notice of 32nd AGM.pdf
Outcome

The Board of Directors of Kretam Holdings Berhad (“Kretam” or “the Company”) wishes to announce that all resolutions as set out in the Notice of the 32nd Annual General Meeting (“AGM”) dated 12 June 2020 were duly passed and carried at the 32nd AGM of the Company duly convened and held on 10 July 2020.

All the resolutions were voted by poll and the results of the poll were validated by Datuk Liaw Chee Shing, John, the Independent Scrutineer appointed by the Company.

Details of the results of the poll are set out in the attachment.

This announcement is dated 10 July 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To re-elect Mr Lee Kok Toong @ Lee Ming Heng who retires by rotation pursuant to Article 79 of  the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 2
No. of Shares 311,220,745 6,582,300
% of Voted Shares 97.9300 2.0700
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors' fees of RM60,000 for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 18 0
No. of Shares 18,674,500 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Ordinary Resolution 3

Description 
To approve the payment of Directors' remuneration (excluding Directors' fees) of up to an amount of RM180,000 to the Independent Non-Executive Directors from 1 June 2020 to the next AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 23 0
No. of Shares 317,803,045 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. Ordinary Resolution 4

Description 
To re-appoint Messrs Ernst & Young 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 23 0
No. of Shares 317,803,045 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Ordinary Resolution 5

Description 
To approve Mr Tan Kung Ming's continuation in office as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 23 0
No. of Shares 317,803,045 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Ordinary Resolution 6

Description 
To approve Ms Teo Gim Suan's continuation in office as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 23 0
No. of Shares 317,803,045 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Ordinary Resolution 7

Description 
To approve the grant of authority for the Directors to issue and allot shares pursuant to Sections 75 & 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 23 0
No. of Shares 317,803,045 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Ordinary Resolution 8

Description 
To approve the proposed renewal of the existing Shareholders mandate for Recurrent Related Party Transactions of a revenue or trading nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 14 0
No. of Shares 11,679,000 0
% of Voted Shares 100.0000 0.0000
Result Accepted

9. Special Resolution 1

Description 
To approve the proposed Amendments to the Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 23 0
No. of Shares 317,803,045 0
% of Voted Shares 100.0000 0.0000
Result Accepted

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