[UOADEV] General on 29-Jun-2020

Stock
[UOADEV]: UOA DEVELOPMENT BERHAD
Announcement Date
28-May-2020
Type
General
Date & Time
29-Jun-2020 10:00
Depositor Date
22-Jun-2020
Venue
UOA Development Berhad - Broadcast Venue at Meeting Room, Level 38, UOA Corporate Tower Lobby A, Avenue 10, The Vertical, Bangsar South City No. 8, Jalan Kerinchi, 59200 Kuala Lumpur
Description
UOA DEVELOPMENT BHD NOTICE OF SIXTEENTH ANNUAL GENERAL MEETING
UOADEV - Notice of 16th AGM.pdf
Outcome

The Board of Directors of UOA Development Bhd (“UOADEV” or “the Company”) wishes to announce that the Audited Financial Statements for the financial year ended 31 December 2019 and the Reports of the Directors and Auditors thereon were duly laid at the 16thAnnual General Meeting of the Company (“AGM”) on 29 June 2020. Resolutions 1,2,3,4,5,6,7,8,9,10 and 11 were voted on a poll via Remote Participation and Voting in accordance with Paragraph 8.29A of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

The Board of Directors also wishes to announce that all the 11 ordinary resolutions as set out in the Notice of the 16thAGM dated 29 May 2020 were duly passed by the shareholders of the Company at the 16thAGM on 29 June 2020. The detailed poll results were verified by the Scrutineers, Quantegic Services Sdn. Bhd. as per the attachment and as set out below.

This announcement is dated 29 June 2020.

Voting Results

1. Resolution 1

Description 
To approve a First and Final Single Tier Dividend of 14 sen per share for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 237 16
No. of Shares 1,817,043,303 1,903
% of Voted Shares 99.9999 0.0001
Result Accepted

2. Resolution 2

Description 
To approve the payment of Directors fees and meeting allowances payable up to an amount of RM210,000.00 for the financial year ending 31 December 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 212 37
No. of Shares 1,816,590,402 320,604
% of Voted Shares 99.9824 0.0176
Result Accepted

3. Resolution 3

Description 
To re-elect Mr Kong Pak Lim who shall retire pursuant to Article 100 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 203 38
No. of Shares 1,787,411,397 8,769,809
% of Voted Shares 99.5118 0.4882
Result Accepted

4. Resolution 4

Description 
To re-elect Mr Teo Chee Seng who shall retire pursuant to Article 100 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 218 35
No. of Shares 1,702,094,593 114,950,613
% of Voted Shares 93.6738 6.3262
Result Accepted

5. Resolution 5

Description 
To re-appoint Messrs Grant Thornton Malaysia 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 232 20
No. of Shares 1,816,752,903 292,203
% of Voted Shares 99.9839 0.0161
Result Accepted

6. Resolution 6

Description 
Authority to Issue Shares pursuant to Section 75 and 76 of the Companies Act 2016
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 219 33
No. of Shares 1,652,622,498 164,419,508
% of Voted Shares 90.9513 9.0487
Result Accepted

7. Resolution 7

Description 
Proposed renewal of authority from shareholders to allot and issue new ordinary shares in UOA Development Bhd (UOA or the Company) (Shares) for the purpose of the Companys Dividend Reinvestment Scheme (DRS) that provides the shareholders of UOA (Shareholders) the option to elect to reinvest their cash dividend in new Shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 227 25
No. of Shares 1,816,668,737 373,269
% of Voted Shares 99.9795 0.0205
Result Accepted

8. Resolution 8

Description 
Proposed Renewal of Shareholders Mandate for Existing Recurrent Related Party Transactions of a Revenue or Trading nature and for Provision of Financial Assistance with UOA Holdings Group
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 181 63
No. of Shares 392,293,740 42,426,206
% of Voted Shares 90.2406 9.7594
Result Accepted

9. Resolution 9

Description 
Proposed Renewal of Shareholders Mandate for Existing Recurrent Related Party Transactions of a Revenue or Trading Nature and for Provision of Financial Assistance with Transmetro Group
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 184 64
No. of Shares 393,333,200 42,427,206
% of Voted Shares 90.2636 9.7364
Result Accepted

10. Resolution 10

Description 
Proposed New Shareholders Mandate for New Recurrent Related Party Transactions of a Revenue or Trading Nature
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 218 25
No. of Shares 434,415,542 304,404
% of Voted Shares 99.9300 0.0700
Result Accepted

11. Resolution 11

Description 
Proposed Renewal of Share Buy-Back Authority
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 231 21
No. of Shares 1,765,188,603 51,834,103
% of Voted Shares 97.1473 2.8527
Result Accepted

12. Resolution 11

Description 
Proposed Renewal of Share Buy-Back Authority
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders
No. of Shares
% of Voted Shares
Result

Remark
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