[COASTAL] General on 18-Mar-2021

Stock
[COASTAL]: COASTAL CONTRACTS BHD
Announcement Date
24-Feb-2021
Type
General
Date & Time
18-Mar-2021 13:30
Depositor Date
12-Mar-2021
Venue
Block G, Lot 3B, Bandar Leila 90000 Sandakan Sabah
Description
Due to the implementation of the Conditional Movement Control Order and subsequent Movement Control Order 2.0 in Sabah. the 20th Annual General Meeting of COASTAL has been re-scheduled to 18 March 2021 at 1.30 p.m. at the same venue.
Notification of Re-scheduled of the 20th AGM.pdf
Outcome

The Board of Directors of Coastal Contracts Bhd. ("Coastal" or "Company") wishes to announce that all the resolutions as set out in the Revised Notice of the Twentieth Annual General Meeting of COASTAL dated 24 February2021 were duly passed by way of poll at the Twentieth Annual General Meeting held on 18 March 2021. The results of the poll were duly verified by Messrs Tsang & Co., the independent scrutineer appointed by the Company.

This announcement is dated 18 March 2021.

The details of the poll results for Resolution 5 are as follows:

Voted

Resolution

Description

Shareholders

Action

Voted

No. of Shareholders

No. of Shares

% of Voted Shares

Results

Resolution 5 -Tier 1

Proposed retention of Mr Loh Thian Sang @ Lo Thian Siang as Independent Non-Executive Director.

For Voting

For

Against

2

0

162,148,526

0

54.992

0

Accepted

Resolution

5 – Tier 2

Proposed retention of Mr Loh Thian Sang @ Lo Thian Siang as Independent Non-Executive Director.

For Voting

For

Against

19

0

132,709,546

0

45.008

0

Accepted

Voting Results

1. 1

Description 
To approve the payment of fees and benefits to Non-Executive Directors, of up to but not exceeding the amount of RM120,000 for the period from 17 December 2020 until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 0
No. of Shares 294,858,072 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. 2

Description 
To re-elect Mr Ng Chin Heng retiring pursuant to Clause No. 100 of the Companys Constitution and being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 20 1
No. of Shares 294,854,672 3,400
% of Voted Shares 99.9990 0.0010
Result Accepted

3. 3

Description 
To re-elect Mr Ng Chin Keuan retiring pursuant to Clause No. 100 of the Companys Constitution and being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 0
No. of Shares 294,858,072 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. 4

Description 
To re-appoint Messrs Crowe Malaysia 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 21 0
No. of Shares 294,858,072 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. 5

Description 
To approve the Proposed Retention of Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 0
No. of Shares 294,858,072 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. 6

Description 
To approve the Authority to issue shares pursuant to the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 0
No. of Shares 294,858,072 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. 7

Description 
To approve the Proposed Renewal of Share Buy-Back Authority.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 0
No. of Shares 294,858,072 0
% of Voted Shares 100.0000 0.0000
Result Accepted

Remark
-
Market Buzz

2024-04-18

Additional Listing

ESOS - 34,300 shares at 0.990.

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