[TIMECOM] General on 25-Aug-2020

Stock
[TIMECOM]: TIME DOTCOM BHD
Announcement Date
24-Jul-2020
Type
General
Date & Time
25-Aug-2020 10:00
Depositor Date
17-Aug-2020
Venue
Broadcast venue: TIME dotCom Berhad, Meeting Room 3A, Level 3, No. 14, Jalan Majistret U1/26, HICOM Glenmarie Industrial Park, 40150 Shah Alam, Selangor Darul Ehsan
Description
Notice of 23rd Annual General Meeting ("23rd AGM") of TIME dotCom Berhad. The 23rd AGM will be conducted on a fully virtual and entirely via Remote Participation and Electronic Voting facilities
TIME dotCom Berhad - Notice of 23rd AGM.pdf
Outcome

The Board of Directors of TIME dotCom Berhad ("TIME") is pleased to anounce that all the resolutions as set out in the Notice of 23rd Annual General Meeting ("23rdAGM") of TIME dated 27July2020, were duly passed by the shareholders at the 23rdAGM of TIME held today.

All the resolutions were voted by poll in accordance with Paragraph 8.29A of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

The results of the poll were validated by Scrutineer Solutions Sdn Bhd, the Independent Scrutineer appointed by TIME.

This announcement is dated 25 August2020.

Voting Results

1. Ordinary Resolution 1

Description 
To re-elect Elakumari Kantilal who is retiring in accordance with Rule 103 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 391 86
No. of Shares 462,774,266 14,164,742
% of Voted Shares 97.0301 2.9699
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Ronnie Kok Lai Huat who is retiring in accordance with Rule 103 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 366 79
No. of Shares 335,745,666 93,151,622
% of Voted Shares 78.2811 21.7189
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Afzal Abdul Rahim who is retiring in accordance with Rule 103 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 471 33
No. of Shares 488,905,504 2,360,286
% of Voted Shares 99.5195 0.4805
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Koh Cha-Ly who is retiring in accordance with Rule 107 of the Company's Constitution and, who being eligible, offers herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 481 23
No. of Shares 491,252,416 13,374
% of Voted Shares 99.9973 0.0027
Result Accepted

5. Ordinary Resolution 5

Description 
To re-appoint Messrs KPMG PLT as Auditors and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 484 18
No. of Shares 491,141,872 123,892
% of Voted Shares 99.9748 0.0252
Result Accepted

6. Ordinary Resolution 6

Description 
Authority to allot shares pursuant to Sections 75 and 76 of the Companies Act, 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 453 50
No. of Shares 407,520,102 83,745,188
% of Voted Shares 82.9532 17.0468
Result Accepted

7. Ordinary Resolution 7

Description 
(Tier 1)
Authority for Ronnie Kok Lai Huat to continue in office as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1 0
No. of Shares 177,174,359 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Ordinary Resolution 7

Description 
(Tier 2)
Authority for Ronnie Kok Lai Huat to continue in office as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 364 81
No. of Shares 157,960,669 93,762,342
% of Voted Shares 62.7518 37.2482
Result Accepted

9. Ordinary Resolution 8

Description 
To approve Directors' fees of up to RM984,000 from the day after the 23rd AGM until the conclusion of the next AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 428 41
No. of Shares 442,702,449 476,221
% of Voted Shares 99.8925 0.1075
Result Accepted

10. Ordinary Resolution 9

Description 
To approve payment of Directors' Benefits to the Non-Executive Directors which include Meeting allowance, medical and hospitalisation coverage and other claimable benefits incurred from the day after the 23rd AGM until the conclusion of the next AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 428 41
No. of Shares 442,746,349 37,621
% of Voted Shares 99.9915 0.0085
Result Accepted

Remark
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