[MI] General on 01-Jul-2020

Stock
[MI]: MI TECHNOVATION BERHAD
Announcement Date
01-Jun-2020
Type
General
Date & Time
01-Jul-2020 10:00
Depositor Date
23-Jun-2020
Venue
Boardroom of the Company No. 20, Medan Bayan Lepas Technoplex MK 12, Taman Perindustrian Bayan Lepas 11900 Bayan Lepas, Pulau Pinang
Description
3RD ANNUAL GENERAL MEETING will be conducted fully virtue at teh broadcast venue and remote participation and voting
Mi 3rd AGM Notice n Administrative Guide(2June2020).pdf
Outcome

The Board of Directors of MI TECHNOVATION BERHAD ("Company") is pleased to announce that save for Ordinary Resolutions 1 & 2, where Mr. Koay Huck Khim and Mr. Foo Hee Chaik, werenot seeking for re-election and retired upon conclusion of the 3rd Annual Genera Meeting ("AGM"), all other resolutions as set out in the Notice of the 3rd AGM of the Company were duly passsed by the Company's shareholders at its 3rd AGM duly held on 1 July 2020.

All the resolutions were voted on poll and the results of the poll were validated by Messrs Commericial Quest Sdn Bhd., the independent scruitneer appointed by the Company.

This announcement is dated 1 July 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To re-elect Mr. Koay Huck Kim as Director who retired in accordance with Article 165 of the Companys' Constitution
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 0 0
No. of Shares 0 0
% of Voted Shares 0.0000 0.0000
Result Withdrawn/ Postponed

2. Ordinary Resolution 2

Description 
To re-elect Mr. Foo Hee Chaik as Director who retired in accordance with Article 165 of the Company's Constitution
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 0 0
No. of Shares 0 0
% of Voted Shares 0.0000 0.0000
Result Withdrawn/ Postponed

3. Ordinary Resolution 3

Description 
To re-elect Ms Yong Shiao Voon who retired in accordance with Article 156 of the Company's Constitution
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 73 3
No. of Shares 547,369,975 63,050
% of Voted Shares 99.9885 0.0115
Result Accepted

4. Ordinary Resolution 4

Description 
To approve payment of Directors' fees of up to RM150,000 in resepct of the financial year ending 31 December 2020
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 72 5
No. of Shares 547,363,475 71,050
% of Voted Shares 99.9870 0.0130
Result Accepted

5. Ordinary Resolution 5

Description 
To approve payment of benefit payables to Non-Executive Directors up to an amount of RM70,000 for the period from 2 July 2020 until the Company's next Annual General Meeting ("AGM")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 68 8
No. of Shares 547,345,275 88,550
% of Voted Shares 99.9838 0.0162
Result Accepted

6. Ordinary Resolution 6

Description 
To re-apppint Messrs BDO PLT as Auditors to hold office until the conclusion of next AGM and to authorise the Board to fix their remuneration
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 68 2
No. of Shares 547,366,975 63,000
% of Voted Shares 99.9885 0.0115
Result Accepted

7. Ordinary Resolution 7

Description 
To empower the Directors to allot and issue shares in the capital of the Company purusuant to Section 75 of the Companies Act 2016
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 66 4
No. of Shares 547,362,325 67,650
% of Voted Shares 99.9876 0.0124
Result Accepted

8. Ordinary Resolution 8

Description 
To authorise the Board to purchase its own shares
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 66 4
No. of Shares 547,360,975 69,000
% of Voted Shares 99.9874 0.0126
Result Accepted

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