[KOBAY] General on 28-Dec-2021

Stock
[KOBAY]: KOBAY TECHNOLOGY BHD
Announcement Date
26-Nov-2021
Type
General
Date & Time
28-Dec-2021 14:30
Depositor Date
22-Dec-2021
Venue
4th Floor Wisma Kobay No. 42-B Jalan Rangoon 10400 George Town Penang
Description
NOTICE OF THE 27TH ANNUAL GENERAL MEETING
Kobay_Notice of 27th AGM.pdf
Outcome

The Company wishes to announce that all the resolutions as set out in the Notice of 27th Annual General Meeting ("AGM") dated 29th November2021, had been approved by way of poll at the AGM of the Company held today, 28December 2021.

The Audited Financial Statements for the financial year ended 30 June 2021together with the reports of the Directors and Auditors thereon, were properly laid and received by the members present at the 27th AGM.

The voting in respect of the resolutions was carried out by way of the poll and the results were validated by Messrs. Value Creator Consultancy, the Independent Scrutineer appointed by the Company.

The details of the poll results for Resolution 4 are as follow:-

Resolution

Description

Shareholders Action

Voted

No. of Shareholders

No. of Shares

% of Voted

Results

Resolution 4 – Tier 1

To retain Mr. Khaw Eng Peng as Senior Independent and Non-executive Director in accordance with Malaysian Code on Corporate Governance.

For Voting

For

Against

1

0

109,048,940

0

100.0000

0.0000

Accepted

Resolution 4 – Tier 2

To retain Mr. Khaw Eng Peng as Senior Independent and Non-executive Director in accordance with Malaysian Code on Corporate Governance.

For Voting

For

Against

43

0

84,417,545

0

100.0000

0.0000

Accepted

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

This announcement is dated 28 December 2021.

Voting Results

1. Resolution 1

Description 
To approve the payment of first and final single tier dividend of 2.0 sen in respect of the financial year ended 30 June 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 44 0
No. of Shares 193,466,485 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Resolution 2

Description 
To re-elect Puan Sharifah Faridah Binti Dato' Syed Mahadzar Jamalullil who retires in accordance with Article 100 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 44 0
No. of Shares 193,466,485 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Resolution 3

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 25 3
No. of Shares 182,107,513 868,972
% of Voted Shares 99.5251 0.4749
Result Accepted

4. Resolution 4

Description 
To retain Mr. Khaw Eng Peng as Senior Independent and Non-executive Director in accordance with Malaysian Code on Corporate Governance.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 44 0
No. of Shares 193,466,485 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Resolution 5

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 44 0
No. of Shares 193,466,485 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Resolution 6

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 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 44 0
No. of Shares 193,466,485 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Resolution 7

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 43 1
No. of Shares 193,458,985 7,500
% of Voted Shares 99.9961 0.0039
Result Accepted

8. Resolution 8

Description 
Proposed renewal of Share Buy-Back Authority.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 43 1
No. of Shares 193,458,985 7,500
% of Voted Shares 99.9961 0.0039
Result Accepted

9. Resolution 9

Description 
Proposed Shareholders' mandate for recurrent related party transactions of a revenue or trading nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 43 0
No. of Shares 84,417,545 0
% of Voted Shares 100.0000 0.0000
Result Accepted

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