[NTPM] General on 25-Sep-2020

Stock
[NTPM]: NTPM HOLDINGS BHD
Announcement Date
26-Aug-2020
Type
General
Date & Time
25-Sep-2020 09:30
Depositor Date
17-Sep-2020
Venue
Bukit Jawi Golf Resort, 691, Main Road, Sungai Bakap, 14200 Seberang Perai Selatan, Pulau Pinang
Description
NTPM Holdings Berhad - Twenty-fourth Annual General Meeting ("24th AGM")
NTHB_Notice of 24th AGM.pdf
Outcome

The Board of Directors of NTPM Holdings Berhad ("Company") is pleased to announce that all resolutions as set out in the Notice of the Twenty-Fourth Annual General Meeting ("24th

AGM") of the Company dated 27 August 2020were duly passed at the Company's 24th AGM held on 25 September 2020.

All resolutions were voted by poll and results of the poll were validated by Commercial Quest Sdn. Bhd., the scrutineers appointed by the Company.

The details of the poll results for Ordinary Resolution 8 and 9 which were voted through two-tier voting process are as follows:

Resolution

Total Votes For

Total Votes Against

 Result

No. of Shares

%

No. of Shares

%

Ordinary Resolution 8

Mandate to retain Mr. Chang Kong Foo as an Independent Non-Executive Director.

Tier-1

323,205,249

100

0

0

 Accepted

Tier-2

317,782,435

91.7640

28,521,700

8.2360

 Accepted

Ordinary Resolution 9

Mandate to retain Mr. Lim Han Nge as an Independent Non-Executive Director.

Tier-1

323,205,249

100

0

0

 Accepted

Tier-2

315,129,857

91.6978

28,531,600

8.3022

 Accepted

This announcement is dated 25 September 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To re-elect Mr. Lee See Jin who retires in accordance with Regulation 136 of the Company's Constitution and being eligible, offer himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 49 1
No. of Shares 670,409,689 100
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Dr. Teoh Teik Toe who retires in accordance with Regulation 136 of the Company's Constitution and being eligible, offer himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 54 3
No. of Shares 670,502,284 40,100
% of Voted Shares 99.9940 0.0060
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mr. Tan Choon Thye who retires in accordance with Regulation 141 of the Company's Constitution and being eligible, offer himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 50 2
No. of Shares 670,726,289 50,000
% of Voted Shares 99.9925 0.0075
Result Accepted

4. Ordinary Resolution 4

Description 
To approve the payment of Directors' Fees amounting to RM380,000 for the financial year ended 30 April 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 53 4
No. of Shares 670,702,884 75,100
% of Voted Shares 99.9888 0.0112
Result Accepted

5. Ordinary Resolution 5

Description 
To approve the payment of benefits payable to the Directors of the Company up to an amount of RM35,000 for the period from 26 September 2020 until the next Annual General Meeting of the Company to be held in year 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 53 3
No. of Shares 670,666,384 40,100
% of Voted Shares 99.9940 0.0060
Result Accepted

6. Ordinary Resolution 6

Description 
To re-appoint Messrs. Ernst & Young PLT as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 54 1
No. of Shares 670,785,889 20,000
% of Voted Shares 99.9970 0.0030
Result Accepted

7. Ordinary Resolution 7

Description 
Proposed Renewal of Share Buy-Back Mandate.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 50 5
No. of Shares 642,289,289 28,516,600
% of Voted Shares 95.7489 4.2511
Result Accepted

8. Ordinary Resolution 8

Description 
Mandate to retain Mr. Chang Kong Foo as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 46 7
No. of Shares 640,987,684 28,521,700
% of Voted Shares 95.7399 4.2601
Result Accepted

9. Ordinary Resolution 9

Description 
Mandate to retain Mr. Lim Han Nge as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 38 6
No. of Shares 638,335,105 28,531,600
% of Voted Shares 95.7215 4.2785
Result Accepted

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