[VARIA] General on 29-Sep-2020

Stock
[VARIA]: VARIA BERHAD
Announcement Date
25-Aug-2020
Type
General
Date & Time
29-Sep-2020 10:00
Depositor Date
22-Sep-2020
Venue
No. 2, Jalan Apollo U5/190 Bandar Pinggiran Subang, Seksyen U5 40150 Shah Alam Selangor Darul Ehsan
Description
Stella Holdings Berhad (formerly known as Merge Energy Bhd) - Notice of Twenty-Third Annual General Meeting
Stella - Notice of 23rd AGM and Administrative Guide.pdf
Outcome

The Board of Directors of Stella Holdings Berhad (formerly known as Merge Energy Bhd) ("Stella" or "the Company") is pleased to announced that the resolutions set out in the Notice of the Twenty-Third Annual General Meeting ("23rd AGM") dated 26 August 2020 were duly passed at the 23rd AGM of Stella held today.

Details of the poll results validated by Niche Unity Consultants Sdn Bhd, Independent Scrutineers appointed by Stella, is set out in the attachments.

This announcement is dated 29 September 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the declaration of a final single-tier dividend of 2.5 sen per ordinary share in respect of the financial year ended 31 March 2020
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 9 0
No. of Shares 49,428,700 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors' fees of RM228,000 from 1 September 2020 until the conclusion of the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 9 0
No. of Shares 49,428,700 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Ordinary Resolution 3

Description 
To approve the payment of Directors' benefits of up to RM125,000 from 1 February 2020 until the conclusion of the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 8 1
No. of Shares 49,405,000 23,700
% of Voted Shares 99.9521 0.0479
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Dato' Hj Mohamad Haslah bin Mohamad Amin who is retiring pursuant to Article 108 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 8 0
No. of Shares 44,011,700 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Dato' Ir. Tan Gee Swan @ Tan Suan Ching who is retiring pursuant to Article 108 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 7 0
No. of Shares 30,215,600 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Ordinary Resolution 6

Description 
To re-appoint Messrs Baker Tilly Monteiro Heng PLT as Auditors and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 9 0
No. of Shares 49,428,700 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Ordinary Resolution 7

Description 
Authority 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 8 1
No. of Shares 49,405,000 23,700
% of Voted Shares 99.9521 0.0479
Result Accepted

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