[WASCO] General on 21-May-2021

Stock
[WASCO]: WASCO BERHAD
Announcement Date
21-Apr-2021
Type
General
Date & Time
21-May-2021 11:00
Depositor Date
17-May-2021
Venue
Broadcasting Venue Boardroom, Suite 19.01, Level 19 The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra 59200 Kuala Lumpur, Wilayah Persekutuan
Description
Notice of Twenty-First Annual General Meeting ("21st AGM") The 21st AGM will be conducted through live streaming and online remote participation using Remote Participation and Voting Facilities as a fully virtual general meeting at the Broadcasting Venue
NOTICE OF 21ST AGM DATED 22 APRIL 2021 AND ADMIN GUIDE.pdf
Outcome

The Board of Directors of Wah Seong Corporation Berhad ("Company") wishes to announce that at its Twenty-FirstAnnual General Meeting ("21stAGM")held this morning, all the ordinary resolutions and special resolution as set out in the Notice of 21stAGM dated 22 April2021were duly approved by the shareholders of the Company.

All the ordinary resolutions and special resolutionwere voted by poll and the results of the poll were validated by Coopers Professional Scrutineers Sdn. Bhd., an independent Scrutineer appointed by the Company.

The detailed results of the poll are set out in the attachment.

This announcement is dated 21May2021.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the proposed increase in Directors' Meeting Allowances of up to RM250,000 payable for the financial year ended 31 December 2020 and subsequent financial years.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 115 13
No. of Shares 569,172,289 32,565
% of Voted Shares 99.9943 0.0057
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the Directors' Fees of RM530,000 and Directors' Meeting Allowances of RM198,000 payable for the financial year ended 31 December 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 116 12
No. of Shares 569,172,299 32,555
% of Voted Shares 99.9943 0.0057
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Chan Cheu Leong as Director who retires pursuant to Clause 116 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 119 9
No. of Shares 569,174,205 31,063
% of Voted Shares 99.9945 0.0055
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Tan Sri Saw Choo Boon as Director who retires pursuant to Clause 116 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 114 14
No. of Shares 568,312,988 892,280
% of Voted Shares 99.8432 0.1568
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Tan Jian Hong, Aaron as Director who retires pursuant to Clause 116 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 107 14
No. of Shares 537,236,443 892,280
% of Voted Shares 99.8342 0.1658
Result Accepted

6. Ordinary Resolution 6

Description 
To re-appoint PricewaterhouseCoopers PLT as Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 112 9
No. of Shares 537,252,732 875,991
% of Voted Shares 99.8372 0.1628
Result Accepted

7. Ordinary Resolution 7

Description 
To authorise the issuance of shares by the Directors of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 116 12
No. of Shares 505,920,479 63,284,789
% of Voted Shares 88.8819 11.1181
Result Accepted

8. Ordinary Resolution 8

Description 
Proposed Renewal of Authority to Buy-Back its Own Shares by the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 122 7
No. of Shares 534,345,204 34,861,356
% of Voted Shares 93.8754 6.1246
Result Accepted

9. Ordinary Resolution 9

Description 
Proposed Renewal of Shareholders' Mandate for the Existing Recurrent Related Party Transactions and Provision of Financial Assistance.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 94 7
No. of Shares 123,260,444 3,043
% of Voted Shares 99.9975 0.0025
Result Accepted

10. Ordinary Resolution 10

Description 
Proposed New Shareholders' Mandate for Additional Recurrent Related Party Transactions.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 111 7
No. of Shares 504,483,495 11,807
% of Voted Shares 99.9977 0.0023
Result Accepted

11. Ordinary Resolution 11

Description 
To retain Halim Bin Haji Din as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 105 16
No. of Shares 439,980,840 98,147,883
% of Voted Shares 81.7613 18.2387
Result Accepted

12. Ordinary Resolution 12

Description 
To retain Professor Tan Sri Lin See Yan as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 109 12
No. of Shares 439,989,995 98,138,728
% of Voted Shares 81.7630 18.2370
Result Accepted

13. Special Resolution 1

Description 
Proposed Amendments to the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 121 5
No. of Shares 569,188,199 11,685
% of Voted Shares 99.9979 0.0021
Result Accepted

Remark
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