[MASTEEL] General on 23-Sep-2021

Stock
[MASTEEL]: MALAYSIA STEEL WORKS (KL)BHD
Announcement Date
15-Sep-2021
Type
General
Date & Time
23-Sep-2021 14:00
Depositor Date
15-Sep-2021
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 - Change of Broadcast Venue of the Postponed Forty-Ninth Annual General Meeting
Masteel - Notification to Shareholders (Change of Broadcast Venue).pdf
Outcome

The Board of Directors of Malaysia Steel Works (KL) Bhd ("the Company") is pleased to announce that all the resolutions set out in the Notice of Postponement of the Forty-Ninth Annual General Meeting ("Postponed 49th AGM") of the Company dated 25 August 2021 were duly passed by the shareholders at the Postponed 49th 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 Quest Sdn. Bhd., the Independent Scrutineer appointed by the Company. Details of the poll results are set out below.

This announcement is dated 23 September 2021.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the Directors' fees up to an aggregate amount of RM168,000.00 for the financial year ending 31 December 2021 and benefit payable to the Directors up to an aggregate amount of RM400,600.00 from 23 September 2021 until the next AGM of the Company and the payment thereof.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 191 56
No. of Shares 168,251,806 117,514
% of Voted Shares 99.9302 0.0698
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Dato' Sri Tai Hean Leng @ Tek Hean Leng who is retiring pursuant to Clause 96 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 216 34
No. of Shares 169,283,083 52,636
% of Voted Shares 99.9689 0.0311
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mr Roy Thean Chong Yew who is retiring pursuant to Clause 96 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 217 34
No. of Shares 169,283,084 52,636
% of Voted Shares 99.9689 0.0311
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Ms Ng Siew Peng who is retiring pursuant to Clause 96 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 215 34
No. of Shares 169,282,712 52,636
% of Voted Shares 99.9689 0.0311
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 229 23
No. of Shares 169,326,146 19,158
% of Voted Shares 99.9887 0.0113
Result Accepted

6. Ordinary Resolution 6

Description 
Proposed continuation in office of Dato' Ikhwan Salim Bin Dato' Haji Sujak as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 212 38
No. of Shares 169,271,478 64,142
% of Voted Shares 99.9621 0.0379
Result Accepted

7. Ordinary Resolution 7

Description 
Proposed continuation in office of Mr Ng Wah Lok as Senior Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 214 37
No. of Shares 169,271,579 64,141
% of Voted Shares 99.9621 0.0379
Result Accepted

8. Ordinary Resolution 8

Description 
Proposed continuation in office of Encik Muhammad Hanizam Bin Hj, Borhan as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 212 39
No. of Shares 169,271,477 64,243
% of Voted Shares 99.9621 0.0379
Result Accepted

9. Ordinary Resolution 9

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 224 27
No. of Shares 169,277,347 66,957
% of Voted Shares 99.9605 0.0395
Result Accepted

10. Ordinary Resolution 10

Description 
Proposed Renewal of Authority under Sections 75 and 76 of the Act 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 217 34
No. of Shares 169,255,657 80,063
% of Voted Shares 99.9527 0.0473
Result Accepted

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