[MYCRON] General on 30-Nov-2020

Stock
[MYCRON]: MYCRON STEEL BHD
Announcement Date
11-Nov-2020
Type
General
Date & Time
30-Nov-2020 10:00
Depositor Date
20-Nov-2020
Venue
Astana Meeting Room 15th Floor, No. 566 Jalan Ipoh 51200 Kuala Lumpur
Description
MYCRON STEEL BERHAD - Notification to Shareholders of a fully virtual Annual General Meeting ("AGM") due to the Conditional Movement Control Order announced by the Government of Malaysia on 7 November 2020. The date and time of the AGM remain unchanged.
MSB-Notification to Shareholders on Fully Virtual 17th AGM.pdf
Outcome

The Board of Directors of Mycron Steel Berhad ("the Company") is pleased to announce that all the ordinary resolutions and special resolution as set out in the Notice of the 17thAnnual General Meeting ("AGM") of the Company dated 30 October 2020were duly passed at the aforesaid AGM which was conducted electronically in its entirety via Remote Participation and Voting facilities ("RPV") at the above Broadcast Venue on 30 November 2020.


The Audited Financial Statements of the Company for the financial year ended 30 June 2020and the Reports of the Directors and Auditors thereon were received and duly tabled at the 17thAGM under Agenda 1.

All the ordinary resolutions and special resolutionwere voted by way of poll via RPV at the 17thAGM in accordance with Paragraph 8.29A(1) of Bursa Malaysia Securities Berhad's Main Market Listing Requirements.

The detailed poll results were verified by the Independent Scrutineers, Symphony Merchant Sdn Bhd as per attachment.

Please refer to the table below for the poll results.

This announcement is dated 30 November 2020.

Voting Results

1. 1

Description 
To approve the payment of Directors fees amounting to RM390,000.00 for the period from 1 January 2021 to 31 December 2021 to be payable quarterly in arrears to the Non-Executive Directors of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 33 5
No. of Shares 253,696,949 4,162
% of Voted Shares 99.9984 0.0016
Result Accepted

2. 2

Description 
To approve an amount of up to RM100,000.00 as benefits payable to the Non-Executive Directors of the Company for the period from 1 December 2020 to 31 December 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 32 6
No. of Shares 253,696,849 4,262
% of Voted Shares 99.9983 0.0017
Result Accepted

3. 3

Description 
To re-elect En Roshan Mahendran bin Abdullah who is retiring in accordance with Article 96(1) of the Company's Constitution and who, being eligible, offer himself for reelection.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 36 3
No. of Shares 253,799,309 2,702
% of Voted Shares 99.9989 0.0011
Result Accepted

4. 4

Description 
To re-elect Tengku Datuk Seri Ahmad Shah ibni Almarhum Sultan Salahuddin Abdul Aziz Shah who is retiring in accordance with Article 96(1) of the Company's Constitution and who, being eligible, offer himself for reelection.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 36 3
No. of Shares 253,799,309 2,702
% of Voted Shares 99.9989 0.0011
Result Accepted

5. 5

Description 
To re-appoint Messrs PricewaterhouseCoopers PLT as Auditors of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 37 2
No. of Shares 253,801,909 102
% of Voted Shares 99.9999 0.0001
Result Accepted

6. 6

Description 
Approval for Tan Sri Datuk Seri Razman Md Hashim bin Che Din Md Hashim to continue in office as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 36 3
No. of Shares 253,799,309 2,702
% of Voted Shares 99.9989 0.0011
Result Accepted

7. 7

Description 
Proposed Renewal of Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature with Trace Management Services Sdn Bhd
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 35 3
No. of Shares 11,276,384 2,702
% of Voted Shares 99.9760 0.0240
Result Accepted

8. 8

Description 
Proposed Renewal and New Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 33 4
No. of Shares 11,274,924 4,062
% of Voted Shares 99.9640 0.0360
Result Accepted

9. 9

Description 
Authority to Issue and Allot Shares Pursuant to Sections 75 and 76 of the Act
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 35 4
No. of Shares 253,797,949 4,062
% of Voted Shares 99.9984 0.0016
Result Accepted

10. Special Resolution 1

Description 
Proposed Amendments to the Constitution of the Company (Proposed
Amendments)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 35 4
No. of Shares 253,797,949 4,062
% of Voted Shares 99.9984 0.0016
Result Accepted

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