The Board of Directors of Olympia Industries Berhad wishes to announce that with the exception of Ordinary Resolutions 4and 6that were withdrawn, all the resolutions tabled at the 40thAnnual General Meeting ("40th AGM") held this afternoonwere duly passed by the shareholders of the Company by way of poll voting.
In respect of Ordinary Resolutions 4and 6, Tan Sri Dato' Nik Hashim bin Nik Ab. Rahmandid not seek re-election as a Director of the Company and therefore retired at the conclusion of the 40thAGM.
Theresults of the poll as set out below, werevalidated byScrutineerSolutions Sdn Bhd, theindependent scrutineer appointed by the Company.
This announcement is dated 23 June 2021.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
To approve the payment of Directors fees of RM144,000.00 for the financial year ended 31 December 2020 |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 235 | 89 |
No. of Shares | 533,182,989 | 821,474 |
% of Voted Shares | 99.8462 | 0.1538 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
To approve the payment of Directors' benefits to Non-Executive Directors up to an amount of RM65,000.00 from the 40th AGM until the next Annual General Meeting of the Company |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 231 | 91 |
No. of Shares | 533,178,298 | 825,965 |
% of Voted Shares | 99.8453 | 0.1547 |
Result | Accepted | |
3. Ordinary Resolution 3 |
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Description |
To re-elect Tan Sri Dato' Yap Yong Seong who is retiring by rotation in accordance with Clause 91 of the Company's Constitution and being eligible, offers himself for re-election. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 252 | 79 |
No. of Shares | 533,256,552 | 780,613 |
% of Voted Shares | 99.8538 | 0.1462 |
Result | Accepted | |
4. Ordinary Resolution 4 |
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Description |
To re-elect Tan Sri Dato' Nik Hashim bin Nik Ab. Rahman who is retiring by rotation in accordance with Clause 91 of the Company's Constitution and being eligible, offers himself for re-election. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 0 | 0 |
No. of Shares | 0 | 0 |
% of Voted Shares | 0.0000 | 0.0000 |
Result | Withdrawn/ Postponed | |
5. Ordinary Resolution 5 |
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Description |
To re-appoint Messrs. Ernst & Young PLT as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Directors to fix their remuneration |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 269 | 62 |
No. of Shares | 533,302,012 | 735,153 |
% of Voted Shares | 99.8623 | 0.1377 |
Result | Accepted | |
6. Ordinary Resolution 6 |
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Description |
Continuing in Office of Tan Sri Dato Nik Hashim bin Nik Ab. Rahman as Independent Non-Executive Director. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 0 | 0 |
No. of Shares | 0 | 0 |
% of Voted Shares | 0.0000 | 0.0000 |
Result | Withdrawn/ Postponed | |
7. Ordinary Resolution 7 |
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Description |
Continuing in Office of Y.A.M. Tunku Naquiyuddin ibni Almarhum Tuanku Jaafar as Independent Non-Executive Director. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 253 | 78 |
No. of Shares | 533,271,302 | 765,863 |
% of Voted Shares | 99.8566 | 0.1434 |
Result | Accepted | |
8. Ordinary Resolution 8 |
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Description |
Authority to allot 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 | 256 | 74 |
No. of Shares | 533,286,092 | 750,063 |
% of Voted Shares | 99.8595 | 0.1405 |
Result | Accepted | |
9. Ordinary Resolution 9 |
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Description |
Proposed renewal of Shareholders Mandate for recurrent related party transactions of a revenue or trading nature. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 257 | 71 |
No. of Shares | 197,349,219 | 740,563 |
% of Voted Shares | 99.6261 | 0.3739 |
Result | Accepted | |