[WCEHB] General on 27-Aug-2020

Stock
[WCEHB]: WCE HOLDINGS BERHAD
Announcement Date
28-Jul-2020
Type
General
Date & Time
27-Aug-2020 10:00
Depositor Date
17-Aug-2020
Venue
Victorian Ballroom, Level 1 Holiday Villa Hotel & Conference Centre Subang 9 Jalan SS12/1 47500 Subang Jaya, Selangor Darul Ehsan
Description
NOTICE OF ANNUAL GENERAL MEETING
WCEHB_Notice of AGM_Adm guide.PDF
Outcome

The Board of Directors of WCE Holdings Berhad ("the Company") wishes to announce that all the resolutions set out in the Notice of the Nineteenth Annual General Meeting ("19th AGM") dated 29 July 2020 were duly passed by the shareholders of the Company by way of poll at the 19th AGM held atVictorian Ballroom, Level 1, Holiday Villa Hotel & Conference Centre Subang, 9 Jalan SS12/1, 47500 Subang Jaya, Selangor Darul Ehsan on Thursday, 27 August 2020.

The results of the poll were validated by Symphony Merchant Sdn Bhd, the Scrutineer appointed by the Company.

The results of the poll of the 19th AGM of the Company is attached herewith.

The detailsof the poll resultsfor Ordinary Resolution6 areas follows:-

Resolution

Description

Shareholders Action

Voted

Results

Voted

No. of Shareholders

No. of Shares

% of Voted Shares

Ordinary Resolution 6– Tier 1

Proposed continuation of Datuk Oh Chong Peng in office as Independent Non-Executive Director.

For Voting

For

Against

1

0

343,145,574

0

100.0000

0.0000

Accepted

Ordinary Resolution 6– Tier 2

Proposed continuation of Datuk Oh Chong Peng in office as Independent Non-Executive Director.

For Voting

For

Against

11

3

1,306,805

330,200

79.8290

20.1710

Accepted

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of the Directors' fees of RM981,300.00 for the financial year ended 31 March 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 17 2
No. of Shares 695,620,574 330,100
% of Voted Shares 99.9526 0.0474
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors' Benefits of up to RM120,000.00 for the period from the 19th Annual General Meeting until the 20th Annual General Meeting.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 8 7
No. of Shares 437,184,377 1,360,300
% of Voted Shares 99.6898 0.3102
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect the Director, Vuitton Pang Hee Cheah, who is retiring by rotation pursuant to Clause 76(3) of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 17 1
No. of Shares 352,531,005 100
% of Voted Shares 99.9999 0.0001
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect the Director, Datuk Wira Hj. Hamza Bin Taib, who is retiring by rotation pursuant to Clause 76(3) of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 14 3
No. of Shares 695,229,979 444,100
% of Voted Shares 99.9362 0.0638
Result Accepted

5. Ordinary Resolution 5

Description 
To re-appoint Messrs Baker Tilly Monteiro Heng 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 15 1
No. of Shares 438,598,679 480,000
% of Voted Shares 99.8907 0.1093
Result Accepted

6. Ordinary Resolution 6

Description 
Proposed continuation of Datuk Oh Chong Peng in office as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 12 3
No. of Shares 344,452,379 330,200
% of Voted Shares 99.9042 0.0958
Result Accepted

7. Ordinary Resolution 7

Description 
Authority to issue shares pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 13 1
No. of Shares 602,006,379 500
% of Voted Shares 99.9999 0.0001
Result Accepted

8. Ordinary Resolution 8

Description 
Proposed renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 11 1
No. of Shares 259,011,202 100
% of Voted Shares 99.9999 0.0001
Result Accepted

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