[LIONIND] General on 25-Nov-2020

Stock
[LIONIND]: LION INDUSTRIES CORPORATION
Announcement Date
26-Oct-2020
Type
General
Date & Time
25-Nov-2020 14:00
Depositor Date
18-Nov-2020
Venue
Broadcast Venue, Meeting Hall, Level 16, Lion Office Tower No. 1 Jalan Nagasari 50200 Kuala Lumpur Wilayah Persekutuan
Description
Notice of the 90th Annual General Meeting of Lion Industries Corporation Berhad to be held fully virtual at the Broadcast Venue
LICB - Notice of 90th AGM and Administrative Guide.pdf
Outcome

The Board of Directors of Lion Industries Corporation Berhad ("LICB") wishes to announce that all the ordinary resolutions set out in the Notice of the 90th Annual General Meeting of LICB ("90th AGM") were duly passed by way of poll at the 90th AGM held on 25November 2020. The results of the poll were duly verified by Commercial Quest Sdn Bhd, the Independent Scrutineers appointed by the Company.

Details of the results of the poll are set out below.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' fees amounting to RM325,000 for the financial year ended 30 June 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 139 45
No. of Shares 314,372,281 150,443
% of Voted Shares 99.9522 0.0478
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors' benefits of up to RM107,000 for the period commencing after the 90th Annual General Meeting until the next annual general meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 128 55
No. of Shares 314,364,402 158,222
% of Voted Shares 99.9497 0.0503
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Y. Bhg. Dato' Kamaruddin @ Abas bin Nordin who retires by rotation in accordance with Clause 110 of the Company's Constitution and who being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 157 25
No. of Shares 314,419,601 101,123
% of Voted Shares 99.9678 0.0322
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Ms Cheng Hui Ya, Serena who retires by rotation in accordance with Clause 110 of the Company's Constitution and who being eligible, has offered herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 160 23
No. of Shares 314,421,202 101,022
% of Voted Shares 99.9679 0.0321
Result Accepted

5. Ordinary Resolution 5

Description 
To re-appoint Messrs Deloitte 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 163 20
No. of Shares 314,422,399 99,825
% of Voted Shares 99.9683 0.0317
Result Accepted

6. Ordinary Resolution 6

Description 
To approve the authority to Directors to issue shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 150 32
No. of Shares 314,404,439 102,785
% of Voted Shares 99.9673 0.0327
Result Accepted

7. Ordinary Resolution 7

Description 
To approve the proposed renewal of shareholders' mandate for recurrent related party transactions.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 140 25
No. of Shares 4,348,292 101,088
% of Voted Shares 97.7280 2.2720
Result Accepted

8. Ordinary Resolution 8

Description 
To approve the proposed authority for share buy-back.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 165 19
No. of Shares 314,469,382 54,042
% of Voted Shares 99.9828 0.0172
Result Accepted

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