The Board of Luster Industries Bhd. (the “Company”) would like to announce that shareholders of the Company had approved all the resolutions as set out in the Notice of 33rdAnnual General Meeting (“33rd AGM”) dated 29 July 2020 at the 33rdAGM of the Company held on 27 August 2020
The details of the results of the poll are set out below.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
To approve the payment of Directors fees and Directors benefits amounting to RM300,000.00 for the financial year ending 31 December 2020. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 40 | 1 |
No. of Shares | 556,339,676 | 20,000 |
% of Voted Shares | 99.9964 | 0.0036 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
To re-elect Dato' Yew Tian Tek who retires pursuant to Article 102 of the Company's Constitution. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 40 | 1 |
No. of Shares | 556,339,676 | 20,000 |
% of Voted Shares | 99.9964 | 0.0036 |
Result | Accepted | |
3. Ordinary Resolution 3 |
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Description |
To re-elect Encik Mohamed Shukri Bin Mohamed Zain who retire pursuant to Article 95 of the Company's Constitution. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 40 | 1 |
No. of Shares | 556,339,676 | 20,000 |
% of Voted Shares | 99.9964 | 0.0036 |
Result | Accepted | |
4. Ordinary Resolution 4 |
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Description |
To re-elect Mr Phuah Cheng Peng who retire pursuant to Article 95 of the Company's Constitution. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 39 | 1 |
No. of Shares | 520,975,176 | 20,000 |
% of Voted Shares | 99.9962 | 0.0038 |
Result | Accepted | |
5. Ordinary Resolution 5 |
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Description |
To re-appoint Messrs. Grant Thornton as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Directors to fix their remuneration. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 40 | 1 |
No. of Shares | 556,339,676 | 20,000 |
% of Voted Shares | 99.9964 | 0.0036 |
Result | Accepted | |
6. Ordinary Resolution 6 |
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Description |
Proposed Authority to Issue Shares. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 40 | 1 |
No. of Shares | 556,339,676 | 20,000 |
% of Voted Shares | 99.9964 | 0.0036 |
Result | Accepted | |
7. Ordinary Resolution 7 |
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Description |
Proposed Renewal of Shareholders Mandate For Recurrent Related Party Transactions of a Revenue or Trading Nature (Proposed Renewal Of Shareholders Mandate). |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 38 | 1 |
No. of Shares | 408,225,176 | 20,000 |
% of Voted Shares | 99.9951 | 0.0049 |
Result | Accepted | |
8. Ordinary Resolution 8 |
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Description |
Retention of Encik Mohamed Shukri Bin Mohamed Zain as Independent Non-Executive Director. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 40 | 1 |
No. of Shares | 556,339,676 | 20,000 |
% of Voted Shares | 99.9964 | 0.0036 |
Result | Accepted | |