[VSTECS] General on 18-May-2021

Stock
[VSTECS]: VSTECS BERHAD
Announcement Date
16-Apr-2021
Type
General
Date & Time
18-May-2021 10:30
Depositor Date
11-May-2021
Venue
Broadcast Venue at Training Room, VSTECS Berhad Lot 3, Jalan Teknologi 3/5, Taman Sains Selangor, Kota Damansara, 47810 Petaling Jaya, Selangor Darul Ehsan
Description
VSTECS BERHAD - NOTICE OF TWENTY-FIFTH ANNUAL GENERAL MEETING ("25TH AGM") Due to the Covid-19 pandemic, the 25th AGM of the Company will be held on a fully virtual basis at the Broadcast Venue via Remote Participation and Voting facilities.
VSTECS Berhad - Notice of 25th AGM (with Administrative Guide and Form of Proxy).pdf
Outcome

The Board of Directors of VSTECS Berhad ("VSTECS" or "the Company") wishes to announce that all resolutions set out in the Notice of the Twenty-Fifth Annual General Meeting ("25th AGM") dated 19 April 2021 were duly passed at the 25th AGM of the Company.

All of the resolutions were voted by poll and the results of the poll were validated by Commercial Quest Sdn. Bhd., the Independent Scrutineer appointed by the Company. The details of the poll results are set out below.

This announcement is dated 18 May 2021.

Voting Results

1. Resolution 1

Description 
To re-elect Mr. Soong Jan Hsung who retires in accordance with Clause 21.6 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 97 6
No. of Shares 116,017,287 1,900
% of Voted Shares 99.9984 0.0016
Result Accepted

2. Resolution 2

Description 
To re-elect Mr. Wong Heng Chong who retires in accordance with Clause 21.6 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 95 9
No. of Shares 114,521,234 1,722,953
% of Voted Shares 98.5178 1.4822
Result Accepted

3. Resolution 3

Description 
To approve the payment of Directors fees of RM437,368/- (Ringgit Malaysia: Four Hundred Thirty-Seven Thousand Three Hundred and Sixty-Eight) only for the financial year ended 31 December 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 88 14
No. of Shares 115,906,379 13,808
% of Voted Shares 99.9881 0.0119
Result Accepted

4. Resolution 4

Description 
To re-appoint KPMG 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 94 10
No. of Shares 116,242,581 1,606
% of Voted Shares 99.9986 0.0014
Result Accepted

5. Resolution 5

Description 
Retention of Mr. Wong Heng Chong as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 95 9
No. of Shares 116,242,081 2,106
% of Voted Shares 99.9982 0.0018
Result Accepted

6. Resolution 6

Description 
Payment of Benefits Payable to the Directors under Section 230 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 87 14
No. of Shares 115,905,273 14,911
% of Voted Shares 99.9871 0.0129
Result Accepted

7. Resolution 7

Description 
Authority to Issue Shares pursuant to the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 88 14
No. of Shares 116,212,679 27,908
% of Voted Shares 99.9760 0.0240
Result Accepted

8. Resolution 8

Description 
Proposed Renewal of Authority for the Company to purchase its own shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 97 7
No. of Shares 116,227,985 16,202
% of Voted Shares 99.9861 0.0139
Result Accepted

9. Resolution 9

Description 
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 93 8
No. of Shares 43,827,285 10,702
% of Voted Shares 99.9756 0.0244
Result Accepted

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