The Board of Directors of Cycle & Carriage Bintang Berhad (“the Company”)wishes to announce that all the resolutions set out in the Notice of the 52nd Annual General Meeting ("AGM") dated 28 May 2020 were duly passed by the shareholders of the Company by way of pollat the 52nd AGM held on Friday, 26 June 2020.
The results of the poll of the 52nd AGM of the Companywere validated byGovernAce Advisory & SolutionsSdnBhd, the scrutineer appointed by the Company.
The results of the poll of the 52nd AGM of the Company areset out below.
This announcement is dated 26 June 2020.
Voting Results |
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1. Ordinary Resolution |
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Description |
To approve the payment of Directors fees of up to RM384,000 for the financial year ending 31 December 2020. (2019: RM384,000). |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 7 | 18 |
No. of Shares | 62,843,183 | 52,192 |
% of Voted Shares | 99.9270 | 0.0830 |
Result | Accepted | |
2. Ordinary Resolution |
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Description |
To re-elect Chan Tze Choong Eric, who is retiring pursuant to Clause 102 of the Constitution of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 11 | 16 |
No. of Shares | 62,849,684 | 64,791 |
% of Voted Shares | 99.8970 | 0.1030 |
Result | Accepted | |
3. Ordinary Resolution |
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Description |
To re-appoint PricewaterhouseCoopers 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 | 14 | 15 |
No. of Shares | 62,878,641 | 61,235 |
% of Voted Shares | 99.9027 | 0.0973 |
Result | Accepted | |
4. Ordinary Resolution |
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Description |
Authority to issue new ordinary shares 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 | 13 | 17 |
No. of Shares | 62,847,299 | 97,176 |
% of Voted Shares | 99.8456 | 0.1544 |
Result | Accepted | |