[MFLOUR] General on 24-Jun-2020

Stock
[MFLOUR]: MALAYAN FLOUR MILLS BHD
Announcement Date
05-Jun-2020
Type
General
Date & Time
24-Jun-2020 10:00
Depositor Date
17-Jun-2020
Venue
Broadcast Venue: Auditorium, 3rd Floor, Wisma MCA 163 Jalan Ampang 50450 Kuala Lumpur
Description
Due to the restriction on public gathering to prevent the spread of COVID-19, the 60th Annual General Meeting shall be held fully virtual via Remote Participation & Voting at the Broadcast Venue.
Notification to Shareholders of a Fully Virtual AGM.pdf
Outcome

The Board of Directors of Malayan Flour Mills Berhad ("MFM" or "the Company") wishes to announce that all the resolutions set out in the Notice of Sixtieth Annual General Meeting ("60thAGM") dated 27 April 2020 and tabled at the 60th AGM of the Company held today, 24 June 2020 were duly passed.

The Audited Financial Statements of the Company for the financial year ended 31 December 2019 and the Directors' and Auditors' Reports thereon were received and duly tabled at the 60th AGM under Agenda 1.

Resolutions 1 to 9were voted on a poll via the Remote Participation and Electronic Voting facilities (Boardroom Smart Investor Portal at https://web.lumiagm.com/) in accordance with Paragraph 8.29A of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

The 60th AGM was conducted fully virtual at the Broadcast Venue. The results were validated by Boardroom Corporate Services Sdn Bhd, the Independent Scrutineer appointed by MFM. Please refer to the attachmentfor thepoll results.

This announcement is dated 24 June 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To re-elect Datuk Oh Chong Peng, who retires by rotation in accordance with Clause 132 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 131 24
No. of Shares 431,803,737 199,746
% of Voted Shares 99.9538 0.0462
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Dato Wira Zainal Abidin bin Mahamad Zain, who retires by rotation in accordance with Clause 132 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 128 27
No. of Shares 431,761,950 241,533
% of Voted Shares 99.9441 0.0559
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mr Prakash A/L K.V.P Menon, who retires by rotation in accordance with Clause 132 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 123 32
No. of Shares 431,632,304 371,179
% of Voted Shares 99.9141 0.0859
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Dato Maznah binti Abdul Jalil, who retires in accordance with Clause 115 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 125 30
No. of Shares 431,761,454 242,029
% of Voted Shares 99.9440 0.0560
Result Accepted

5. Ordinary Resolution 5

Description 
To approve the payment of Directors fees of RM847,233 for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 108 45
No. of Shares 431,613,348 312,135
% of Voted Shares 99.9277 0.0723
Result Accepted

6. Ordinary Resolution 6

Description 
To approve an amount of up to RM320,000 as benefits payable to the Directors for the period from the conclusion of the 60th AGM until the conclusion of the next AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 105 48
No. of Shares 431,605,673 319,810
% of Voted Shares 99.9260 0.0740
Result Accepted

7. Ordinary Resolution 7

Description 
To re-appoint Messrs KPMG PLT as Auditors of the Company for the financial year ending 31 December 2020 and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 135 19
No. of Shares 431,815,382 149,051
% of Voted Shares 99.9655 0.0345
Result Accepted

8. Ordinary Resolution 8

Description 
Authority to Directors to Allot and Issue Shares Pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 122 33
No. of Shares 430,469,444 1,534,039
% of Voted Shares 99.6449 0.3551
Result Accepted

9. Ordinary Resolution 9

Description 
Proposed Renewal of Authority for Share Buy-back
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 131 24
No. of Shares 430,589,749 1,413,734
% of Voted Shares 99.6727 0.3273
Result Accepted

Remark
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