[WTK] General on 13-Aug-2020

Stock
[WTK]: WTK HOLDINGS BHD
Announcement Date
10-Aug-2020
Type
General
Date & Time
13-Aug-2020 10:00
Depositor Date
06-Aug-2020
Venue
Broadcast Venue: Tricor Business Centre, Manuka 2 & 3 Meeting Room, Unit 29-01, Level 29, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur
Description
Notification of change of Broadcast Venue of the Forty-Eighth Annual General Meeting of W T K Holdings Berhad. The date and time remained unchanged.
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Outcome

W T K Holdings Berhad ("WTK") wishes to announce that all the resolutions as set out in the Notice of WTK's 48th Annual General Meeting ("AGM") dated 14 July 2020 were duly passed by shareholders at WTK's 48th AGM held today, Thursday, 13 August 2020.

The voting on all resolutions were carried out by way of poll, and the results of the poll were validated by Scrutineer Solutions Sdn Bhd, the Independent Scrutineer appointed by WTK.

The details of the poll results are set out below.

This announcement is dated 13 August 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the declaration of a final single-tier dividend of 1.00 sen net per share in respect of the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 88 5
No. of Shares 189,164,591 33,600
% of Voted Shares 99.9820 0.0180
Result Accepted

2. Ordinary Resolution 2

Description 
To approve payment of Directors' fees amounting to RM426,500 for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 80 11
No. of Shares 183,472,728 77,150
% of Voted Shares 99.9580 0.0420
Result Accepted

3. Ordinary Resolution 3

Description 
To approve payment of Directors' benefits up to RM72,000 for the financial period from 1 July 2020 to 30 June 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 79 11
No. of Shares 183,372,728 77,150
% of Voted Shares 99.9580 0.0420
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Dato' Sri Patrick Wong Haw Yeong who retires by rotation in accordance with Clause 76(3) of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 83 10
No. of Shares 189,121,091 77,100
% of Voted Shares 99.9590 0.0410
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Mr. Alfian Bin Mohamed Basir who retires by rotation in accordance with Clause 76(3) of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 78 15
No. of Shares 183,754,191 5,444,000
% of Voted Shares 97.1230 2.8770
Result Accepted

6. Ordinary Resolution 6

Description 
To re-elect Mr. Lim Hong Hin who retires in accordance with Clause 78 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 80 13
No. of Shares 183,972,891 5,225,300
% of Voted Shares 97.2380 2.7620
Result Accepted

7. Ordinary Resolution 7

Description 
To re-appoint 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 85 8
No. of Shares 189,125,141 73,050
% of Voted Shares 99.9610 0.0390
Result Accepted

8. Ordinary Resolution 8

Description 
Retention of Ms. Tham Sau Kien as Independent Non-Executive Director in accordance with Practice 4.2 of the Malaysian Code on Corporate Governance 2017
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 75 18
No. of Shares 182,404,441 6,793,750
% of Voted Shares 96.4090 3.5910
Result Accepted

9. Ordinary Resolution 9

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 82 11
No. of Shares 189,115,041 83,150
% of Voted Shares 99.9560 0.0440
Result Accepted

10. Ordinary Resolution 10

Description 
Proposed Renewal of Share Buy-Back Mandate
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 84 9
No. of Shares 189,156,841 41,350
% of Voted Shares 99.9780 0.0220
Result Accepted

11. Ordinary Resolution 11

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 69 10
No. of Shares 14,684,996 73,150
% of Voted Shares 99.5040 0.4960
Result Accepted

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