The Board of Directors of Ornapaper Berhad (“ORNA” or “the Company”) wishes to announce that the shareholders of the Company have approved all the resolutions as set out in the Notice of the Eighteenth Annual General Meeting (“AGM”) dated 25 June 2020 at the Eighteenth AGM held on 24 July 2020. All the resolutions were voted by poll at the Eighteenth AGM and the results were verified by the representative from Needsbridge Advisory Sdn. Bhd., the Independent Scrutineer appointed by the Company. The details of the poll results are set out below. This announcement is dated 24 July 2020.
Voting Results |
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1. Resolution 1 |
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Description |
To approve the declaration and payment of a final single-tier dividend of 3.0 sen per ordinary share for the financial year ended 31 December 2019. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 23 | 0 |
No. of Shares | 32,889,243 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
2. Resolution 2 |
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Description |
To approve the payment of Directors fees amounting to RM340,000/- from 25 July 2020 until the Nineteenth AGM of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 20 | 0 |
No. of Shares | 32,730,243 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
3. Resolution 3 |
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Description |
To approve the payment of Directors benefits payable up to an amount of RM28,000/-, from 25 July 2020 until the Nineteenth AGM of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 20 | 0 |
No. of Shares | 32,730,243 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
4. Resolution 4 |
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Description |
To re-elect Mr. Siow Kee Yen in accordance with Clause 120 of the Companys Constitution. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 23 | 0 |
No. of Shares | 32,889,243 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
5. Resolution 5 |
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Description |
To re-elect Mr. Tan Chin Hwee in accordance with Clause 120 of the Companys Constitution. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 23 | 0 |
No. of Shares | 32,889,243 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
6. Resolution 6 |
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Description |
To re-elect Mr. Sai Han Siong in accordance with Clause 120 of the Companys Constitution. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 23 | 0 |
No. of Shares | 32,889,243 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
7. Resolution 7 |
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Description |
To re-appoint Messrs. Crowe Malaysia PLT as Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 23 | 0 |
No. of Shares | 32,889,243 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
8. Resolution 8 |
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Description |
Authority to Issue Shares pursuant to Sections 75 and 76 of the Companies Act 2016. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 23 | 0 |
No. of Shares | 32,889,243 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
9. Resolution 9 |
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Description |
Retention of Datuk Adillah Binti Ahmad Nordin as an Independent Non-Executive Director of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 23 | 0 |
No. of Shares | 32,889,243 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
10. Resolution 10 |
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Description |
Retention of Mr. Siow Kee Yen as an Independent Non-Executive Director of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 23 | 0 |
No. of Shares | 32,889,243 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
11. Resolution 11 |
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Description |
Proposed Renewal of Existing Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 17 | 0 |
No. of Shares | 9,427,545 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
12. Resolution 12 |
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Description |
Proposed Renewal of Authority for the Company to Purchase Its Own Shares. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 23 | 0 |
No. of Shares | 32,889,243 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |