[MASTEEL] General on 16-Jul-2020

Stock
[MASTEEL]: MALAYSIA STEEL WORKS (KL)BHD
Announcement Date
15-Jun-2020
Type
General
Date & Time
16-Jul-2020 14:00
Depositor Date
08-Jul-2020
Venue
Broadcast Venue: Masteel Meeting Room, Unit B-05-3A, 5th Floor, Block B (West Wing) PJ8 Office Suite, No. 23, Jalan Barat Seksyen 8, 46050 Petaling Jaya, Selangor Darul Ehsan
Description
Malaysia Steel Works (KL) Bhd - Notice of Forty-Eighth Annual General Meeting ("48th AGM") The 48th AGM will be conducted fully virtual at the Broadcast Venue and via Remote Participation and Voting facilities.
Masteel - Notice of 48th AGM with Administrative Guide.pdf
Outcome

The Board of Directors of Malaysia Steel Works (KL) Berhad ("the Company") is pleased to announce that all the resolutions set out in the Notice of Forty-EighthAnnual General Meeting ("48th AGM") of the Company dated 16June2020were duly passed by the shareholders at the 48th AGM of the Company held earlier today.

All the resolutions were voted on by poll and the results of the poll were validated by Commercial QuestSdn. Bhd., the independent Scrutineer appointed by the Company. Details of the poll results are set out below.

This announcement is dated 16July2020.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the Directors' fees up to an aggregate amount of RM159,600.00 for the financial year ending 31 December 2020 and benefit payable to the Directors up to an aggregate amount of RM384,470.00 from 16 July 2020 until the next AGM of the Company and the payment thereof.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 84 17
No. of Shares 19,824,556 17,836
% of Voted Shares 99.9101 0.0899
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Dato' Ikhwan Salim Bin Dato' Haji Sujak who is retiring pursuant to Clause 96 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 88 15
No. of Shares 169,943,171 15,142
% of Voted Shares 99.9911 0.0089
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Encik Muhammad Hanizam Bin Hj. Borhan who is retiring pursuant to Clause 96 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 87 15
No. of Shares 169,922,171 15,142
% of Voted Shares 99.9911 0.0089
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Mr Lau Yoke Leong who is retiring pursuant to Clause 96 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 89 12
No. of Shares 169,897,998 15,090
% of Voted Shares 99.9911 0.0089
Result Accepted

5. Ordinary Resolution 5

Description 
To re-appoint Messrs RSM Malaysia 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 90 11
No. of Shares 169,898,878 14,210
% of Voted Shares 99.9916 0.0084
Result Accepted

6. Ordinary Resolution 6

Description 
Authority for Mr Ng Wah Lok to continue in office as Senior Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 87 14
No. of Shares 169,898,446 14,642
% of Voted Shares 99.9914 0.0086
Result Accepted

7. Ordinary Resolution 7

Description 
Authority for Encik Muhammad Hanizam Bin Hj. Borhan to continue in office as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 83 14
No. of Shares 169,870,016 14,966
% of Voted Shares 99.9912 0.0088
Result Accepted

8. Ordinary Resolution 8

Description 
Proposed Renewal of Authority for the Company to Purchase its own Ordinary Shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 82 13
No. of Shares 169,885,085 14,494
% of Voted Shares 99.9915 0.0085
Result Accepted

9. Special Resolution

Description 
Proposed Renewal of Authority under Sections 75 and 76 of the Companies Act 2016 and the Constitution of the Company for the Directors to allot and issue shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 83 13
No. of Shares 169,891,485 14,494
% of Voted Shares 99.9915 0.0085
Result Accepted

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