The Board of Directors of Olympia Industries Berhad wishes to announce that all the resolutions as set out in the notice convening theThirty-Ninth Annual General Meeting ("39th AGM") dated 29 May 2020 were duly passed by the shareholders of the Company by way of poll at the 39th AGM held earlier today.
The results of the poll were validated by Coopers Professional Scrutineers Sdn Bhd, the independent scrutineer appointed by the Company.
Details of theresults of the poll are set out below.
This announcement is dated 23 June 2020.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
To approve the payment of Directors' fees of RM162,000.00 for the financial year ended 31 December 2019. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 62 | 26 |
No. of Shares | 557,977,919 | 133,693 |
% of Voted Shares | 99.9760 | 0.0240 |
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 39th 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 | 60 | 28 |
No. of Shares | 557,973,819 | 137,793 |
% of Voted Shares | 99.9750 | 0.0250 |
Result | Accepted | |
3. Ordinary Resolution 3 |
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Description |
To re-elect Y.A.M. Tunku Naquiyuddin ibni Almarhum Tuanku Jaafar 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 | 67 | 22 |
No. of Shares | 558,013,959 | 117,653 |
% of Voted Shares | 99.9790 | 0.0210 |
Result | Accepted | |
4. Ordinary Resolution 4 |
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Description |
To re-elect the Mr Ng Ju Siong 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 | 68 | 21 |
No. of Shares | 558,033,959 | 97,653 |
% of Voted Shares | 99.9830 | 0.0170 |
Result | Accepted | |
5. Ordinary Resolution 5 |
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Description |
To re-elect Encik Izaddeen bin Daud as a Director retiring in accordance with Clause 98 of the Constitution of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 68 | 21 |
No. of Shares | 558,033,959 | 97,653 |
% of Voted Shares | 99.9830 | 0.0170 |
Result | Accepted | |
6. Ordinary Resolution 6 |
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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 | 73 | 17 |
No. of Shares | 558,038,969 | 94,243 |
% of Voted Shares | 99.9830 | 0.0170 |
Result | Accepted | |
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 | 69 | 21 |
No. of Shares | 558,015,659 | 117,553 |
% of Voted Shares | 99.9790 | 0.0210 |
Result | Accepted | |
8. Ordinary Resolution 8 |
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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 | 68 | 21 |
No. of Shares | 558,014,059 | 117,553 |
% of Voted Shares | 99.9790 | 0.0210 |
Result | Accepted | |
9. Ordinary Resolution 9 |
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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 | 67 | 22 |
No. of Shares | 558,014,119 | 117,493 |
% of Voted Shares | 99.9790 | 0.0210 |
Result | Accepted | |
10. Ordinary Resolution 10 |
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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 | 65 | 22 |
No. of Shares | 223,004,436 | 127,993 |
% of Voted Shares | 99.9430 | 0.0570 |
Result | Accepted | |