[COASTAL] General on 16-Dec-2021

Stock
[COASTAL]: COASTAL CONTRACTS BHD
Announcement Date
28-Oct-2021
Type
General
Date & Time
16-Dec-2021 10:00
Depositor Date
10-Dec-2021
Venue
Block G, Lot 3B, Bandar Leila 90000 Sandakan Sabah
Description
COASTAL CONTRACTS BHD. Notice of the Twenty First Annual General Meeting
Coastal AGM Ad 29 October 2021.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 Notice of the Twenty First Annual General Meeting of COASTAL dated 29 October 2021 were duly passed by way of poll at the Twenty First Annual General Meeting held on 16 December 2021. The results of the poll were duly verified by Messrs Tsang & Co., the independent scrutineerappointed by the Company.

This announcement is dated 16 December 2021.

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

Resolution 5 – Tier 1

Description

To approve the Proposed Retention of Independent Non-Executive Director

Shareholders' Action

For Voting

Voted

For

Against

No. of Shareholders

2

0

No. of Shares

162,148,526

0

% of Voted Shares

100

0

Result

Accepted

Resolution 5 – Tier 2

Description

To approve the Proposed Retentionof Independent Non-Executive Director

Shareholders' Action

For Voting

Voted

For

Against

No. of Shareholders

18

1

No. of Shares

155,821,780

42,800

% of Voted Shares

99.97

0.03

Result

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 RM150,000 for the period from 17 December 2021 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 318,013,106 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. 2

Description 
To re-elect Tuan Hj. Ir. Intizam Bin Ayub retiring pursuant to Clause No. 100 of the Company's 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 317,970,306 42,800
% of Voted Shares 99.9900 0.0100
Result Accepted

3. 3

Description 
To re-elect Mr Ng Chin Shin retiring pursuant to Clause No. 100 of the Company's 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 317,970,306 42,800
% of Voted Shares 99.9900 0.0100
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 318,013,106 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 20 1
No. of Shares 317,970,306 42,800
% of Voted Shares 99.9900 0.0100
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 318,013,106 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 318,013,106 0
% of Voted Shares 100.0000 0.0000
Result Accepted

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