[KLUANG] General on 10-Dec-2020

Stock
[KLUANG]: KLUANG RUBBER CO (M) BHD
Announcement Date
28-Oct-2020
Type
General
Date & Time
10-Dec-2020 12:00
Depositor Date
02-Dec-2020
Venue
Broadcast Venue: DoubleTree by Hilton Johor Bahru, 12 Jalan Ngee Heng, 80000 Johor Bahru, Johor Darul Takzim
Description
KLUANG RUBBER COMPANY (MALAYA) BERHAD ("the Company") - Notice of the Sixty-First (61st) Annual General Meeting (61st AGM will be conducted fully virtual via remote participation and voting)
KR-Notice of AGM and AGM Guide.pdf
Outcome

The Board of Directors of Kluang Rubber Company (Malaya)Berhad ("the Company") is pleased to announce that all the resolutions set out in the notice of the Sixty-First Annual General Meeting ("61stAGM") dated 30 October2020were duly passed at the 61stAGMheldat Broadcast Venue ofDoubleTree by Hilton Johor Bahru, 12 Jalan Ngee Heng, 80000 Johor Bahru, Johor, Malaysiaon 10 December2020.

All resolutions tabled at the 61stAGM were voted by poll and results of the poll were validated by the appointed Independent Scrutineer,M/s Boardroom Business Solutions Sdn. Bhd. Please refer to the attachment for the poll results validated by the scrutineer.

Result of Ordinary Resolution 6 as follows:

Voted No. of Shareholders No. of Shares % of Voted Shares
Tier 1 (Large Holders) For 2 27,798,890 100.0000
Against 0 0 0.0000
Tier 2 (Other Holders) For 23 74,877 42.2640
Against 8 102,288 57.7360

Voting Results

1. Ordinary Resolution 1

Description 
To declare and approve the payment of Single Tier First and Final Dividend of 1 sen per ordinary share for the financial year ended 30 June 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 33 0
No. of Shares 27,976,055 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of aggregate Directors' fees and other benefits not exceeding RM500,000 for the financial year ending 30 June 2021, to be paid on quarterly basis in arrears.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 23 9
No. of Shares 27,935,382 39,373
% of Voted Shares 99.8593 0.1407
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mr Lee Soo Hoon as a Director who retires by rotation in accordance with the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 8
No. of Shares 27,873,767 102,288
% of Voted Shares 99.6344 0.3656
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Mr Tay Beng Chai as a Director who retires by rotation in accordance with the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 28 5
No. of Shares 27,961,222 14,833
% of Voted Shares 99.9470 0.0530
Result Accepted

5. Ordinary Resolution 5

Description 
To re-appoint Messrs Ernst & Young PLT as Auditors of the Company for the financial year ending 30 June 2021 and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 28 5
No. of Shares 27,961,222 14,833
% of Voted Shares 99.9470 0.0530
Result Accepted

6. Ordinary Resolution 6

Description 
Continuing in Office as Independent Non-Executive Chairman, Mr Lee Soo Hoon.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 8
No. of Shares 27,873,767 102,288
% of Voted Shares 99.6344 0.3656
Result Rejected

7. Ordinary Resolution 7

Description 
Authority to Allot and Issue Shares by Directors pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 24 9
No. of Shares 27,861,514 114,541
% of Voted Shares 99.5906 0.4094
Result Accepted

8. Ordinary Resolution 8

Description 
Proposed Renewal of Shareholders' Mandate for Share Buy-Back Authority.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 30 3
No. of Shares 27,961,936 14,119
% of Voted Shares 99.9495 0.0505
Result Accepted

9. Ordinary Resolution 9

Description 
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading in Nature Entered with The Nyalas Rubber Estates Limited.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 8
No. of Shares 34,469 102,288
% of Voted Shares 25.2046 74.7954
Result Rejected

Remark
-
Market Buzz

2024-04-25

Forum

1 New Comment

Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment