[ENCORP] General on 10-Sep-2021

Stock
[ENCORP]: ENCORP BHD
Announcement Date
13-Aug-2021
Type
General
Date & Time
10-Sep-2021 15:00
Depositor Date
03-Sep-2021
Venue
Online Meeting Platform of Securities Services e-Portal via https://sshsb.net.my/ provided by the SS E Solutions Sdn. Bhd. at Level 7, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Damansara Heights, 50490 Kuala Lumpur, Wilayah Persekutuan,
Description
Notification to Shareholders in relation to the postponement of the 21st Annual General Meeting ("21st AGM") date and the change of mode of the meeting to fully virtual. All other details of the 21st AGM shall remain unchanged and valid.
Encorp Berhad - Notification to Shareholders.pdf
Outcome

The Board of Directors of Encorp Berhad ("Encorp" or "Company") is pleased to announce that at the Twenty-First Annual General Meeting ("21st AGM") of the Company held on 10 September 2021, the shareholders of the Company had approved all the resolutions except for Resolution 3 and Resolution 4 as set out in the Notice of the 21st AGM dated 24 May 2021.

All 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 detailed results of the poll are set out in the table of "Voting Results" below.

This announcement is dated 10 September 2021.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the Directors' fees of up to RM700,000.00 for the period from 24 June 2021 until the next AGM of the Company, to be payable on a quarterly basis in arrears.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 70 28
No. of Shares 207,336,032 17,646
% of Voted Shares 99.9915 0.0085
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors' benefits of up to RM170,000 being meeting attendance allowances and up to RM85,000 for each Director being the medical benefits, from 24 June 2021 until the next AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 70 28
No. of Shares 207,336,032 17,646
% of Voted Shares 99.9915 0.0085
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Hussein Bin Ismail who retires in accordance with Clause 99 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 80 17
No. of Shares 10,270,414 197,073,264
% of Voted Shares 4.9533 95.0467
Result Rejected

4. Ordinary Resolution 4

Description 
To re-elect Abdul Rahim Bin Abdul Hamid who retires in accordance with Clause 99 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 80 17
No. of Shares 10,270,414 197,073,264
% of Voted Shares 4.9533 95.0467
Result Rejected

5. Ordinary Resolution 5

Description 
To re-appoint Messrs Ernst & Young PLT as Auditors of the Company until the conclusion of the next AGM and to authorise the Directors to fix the Auditors remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 83 14
No. of Shares 207,343,140 538
% of Voted Shares 99.9997 0.0003
Result Accepted

6. Ordinary Resolution 6

Description 
To approve the proposed authority to allot shares pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 77 20
No. of Shares 207,337,440 6,238
% of Voted Shares 99.9970 0.0030
Result Accepted

7. Ordinary Resolution 7

Description 
To approve the proposed renewal of authority for share buy-back.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 81 16
No. of Shares 207,342,640 1,038
% of Voted Shares 99.9995 0.0005
Result Accepted

8. Ordinary Resolution 8

Description 
To approve the proposed shareholders' mandate for recurrent related party transactions of a revenue or trading nature as specified in Section 2.3 of the Circular to Shareholders dated 24 May 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 78 18
No. of Shares 10,275,014 1,138
% of Voted Shares 99.9889 0.0111
Result Accepted

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