[KOBAY] General on 26-Nov-2020

Stock
[KOBAY]: KOBAY TECHNOLOGY BHD
Announcement Date
12-Nov-2020
Type
General
Date & Time
26-Nov-2020 14:30
Depositor Date
19-Nov-2020
Venue
Broadcast Venue : 4th Floor, Wisma Kobay No. 42-B, Jalan Rangoon 10400 Georgetown Penang
Description
Notification to Shareholders on the convening of Fully Virtual 26th Annual General Meeting of Kobay Technology Berhad due to Conditional Movement Control Order
Kobay-26th AGM_ Notification to Shareholders on convening fully virtue AGM and Administrative Notes.pdf
Outcome

The Company wishes to announce that all the resolutions as set out in the Notice of 26th Annual General Meeting ("AGM") dated 28th October 2020, had been approved by way of poll at the AGM of the Company held today, 26 November 2020.

The Audited Financial Statements for the financial year ended 30 June 2020 together with the reports of the Directors and Auditors thereon, were properly laid and received by the members present at the 26th AGM.

The voting in respect of the resolutions was carried out by way of poll and the results were validated by Messrs Symphony Merchant Sdn Bhd, the Independent Scrutineer appointed by the Company.

The details of the poll results for Resolution 2 are as follows

Resolution

Description

Shareholders Action

Voted

No of shareholders

No. of shares

% of Voted

Results

Resolution 2– Tier 1

To retain Dr. Mohamad Zabdi Bin Zamrod as Independent and Non-Executive Director

For voting

For

Against

1

0

33,432,980

0

100.0000

0.0000

Accepted

Resolution 2– Tier 2

To retain Dr. Mohamad Zabdi Bin Zamrod as Independent and Non-Executive Director

For voting

For

Against

9

0

9,325,598

0

100.0000

0.0000

Accepted

Please refer to the attachment for the details of the poll results.

This Announcement is dated 26 November 2020.

Voting Results

1. Resolution 1

Description 
To approve the payment of first and final single tier dividend of 6.0 sen in respect of the financial year ended 30 June 2020
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 10 0
No. of Shares 42,758,578 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Resolution 2- Two (2) Tier

Description 
To retain Dr. Mohamad Zabdi Bin Zamrod as Independent and Non-Executive Director in accordance with Malaysian Code of Corporate Governance 2017.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 10 0
No. of Shares 42,758,578 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Resolution 3 - One (1) Tier

Description 
To retain Mr. Khaw Eng Peng as Senior Independent and Non-Executive Director in accordance with Malaysian Code on Corporate Governance 2017.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 10 0
No. of Shares 42,758,578 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. Resolution 4

Description 
To re-elect Koay Cheng Lye as Company Director, who retires in accordance with Article 101 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 10 0
No. of Shares 42,758,578 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Resolution 5

Description 
To re-elect Koay Ah Bah @ Koay Cheng Hock as Company Director, who retires in accordance with Article 101 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 10 0
No. of Shares 42,758,578 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Resolution 6

Description 
To re-appoint Messrs. Crowe Malaysia  PLT as Auditors of the Company and to authorize the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 10 0
No. of Shares 42,758,578 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Resolution 7

Description 
To approve the payment of Directors' fees of RM22,500.00 only to the Non-Executive Directors for the financial year ended 30 June 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 10 0
No. of Shares 42,758,578 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Resolution 8

Description 
Authority to issue shares in accordance to Section 75 and 76 of the Companies Act, 2016
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 10 0
No. of Shares 42,758,578 0
% of Voted Shares 100.0000 0.0000
Result Accepted

9. Resolution 9

Description 
Renewal of Share Buy-Back Authority
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 10 0
No. of Shares 42,758,578 0
% of Voted Shares 100.0000 0.0000
Result Accepted

10. Resolution 10

Description 
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 10 0
No. of Shares 9,325,598 0
% of Voted Shares 100.0000 0.0000
Result Accepted

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