[VSTECS] General on 16-Jun-2020

Stock
[VSTECS]: VSTECS BERHAD
Announcement Date
21-May-2020
Type
General
Date & Time
16-Jun-2020 10:30
Depositor Date
09-Jun-2020
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-FOURTH ANNUAL GENERAL MEETING ("24TH AGM") Due to the Covid-19 pandemic, the 24th 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 24th AGM.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-Fourth Annual General Meeting ("24th AGM") dated 22 May 2020 were duly passed at the 24th 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 16June 2020.

Voting Results

1. Resolution 1

Description 
To re-elect Mr. Foo Sen Chin 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 35 3
No. of Shares 91,307,413 2,003
% of Voted Shares 99.9980 0.0020
Result Accepted

2. Resolution 2

Description 
To re-elect Mr. Ong Wei Hiam 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 36 3
No. of Shares 91,406,413 2,003
% of Voted Shares 99.9980 0.0020
Result Accepted

3. Resolution 3

Description 
To re-elect Dato' Khoo Sin Aik who retires in accordance with Clause 21.10 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 36 3
No. of Shares 91,406,413 2,003
% of Voted Shares 99.9980 0.0020
Result Accepted

4. Resolution 4

Description 
To re-elect Encik Abdul Aziz bin Zainal Abidin who retires in accordance with Clause 21.10 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 36 3
No. of Shares 91,406,413 2,003
% of Voted Shares 99.9980 0.0020
Result Accepted

5. Resolution 5

Description 
To approve the payment of Directors fees of RM417,113 (Ringgit Malaysia: Four Hundred Seventeen Thousand One Hundred and Thirteen) only for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 30 10
No. of Shares 91,300,813 17,603
% of Voted Shares 99.9810 0.0190
Result Accepted

6. Resolution 6

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 37 2
No. of Shares 91,407,413 1,003
% of Voted Shares 99.9990 0.0010
Result Accepted

7. Resolution 7

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 31 9
No. of Shares 91,299,913 18,503
% of Voted Shares 99.9800 0.0200
Result Accepted

8. Resolution 8

Description 
Authority to Issue Shares pursuant to the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 33 8
No. of Shares 91,391,913 25,503
% of Voted Shares 99.9720 0.0280
Result Accepted

9. Resolution 9

Description 
Proposed Renewal of Authority for the Company to purchase its own shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 35 4
No. of Shares 91,404,413 4,003
% of Voted Shares 99.9960 0.0040
Result Accepted

10. Resolution 10

Description 
Proposed 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 34 5
No. of Shares 19,307,413 11,003
% of Voted Shares 99.9430 0.0570
Result Accepted

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