[ASTEEL] General on 10-Jul-2020

Stock
[ASTEEL]: ASTEEL GROUP BERHAD
Announcement Date
02-Jul-2020
Type
General
Date & Time
10-Jul-2020 14:00
Depositor Date
30-Jun-2020
Venue
Tricor Business Centre, Manuka 2 & 3 Meeting Room, Unit 29-01, Level 29, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur
Description
The Broadcast Venue of the 43rd Annual General Meeting of YKGI Holdings Berhad has been changed to Tricor Business Centre for better live streaming connectivity. The date and time remain unchanged.
Notice of 43rd AGM.pdf
Outcome

The Board of Directors of YKGI Holdings Berhad (“YKGI” or the “Company”) is pleased to announce that all ordinary resolutions as set out in the Notice of the 43rd Annual General Meeting ("43rd AGM") of the Company dated 12 June 2020 were duly passed by the shareholders of the Company at the 43rd AGM held today.

The voting in respect of the resolutions was carried out by way of a poll via Remote Participation and Voting facilities and the results were validated by Coopers Professional Scrutineers Sdn. Bhd., the independent scrutineer appointed by the Company.

This announcement is dated 10 July 2020.

Voting Results

1. Resolution 1

Description 
To approve the payment of Directors fees of RM241,500 for the Non-Executive Directors for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 23 1
No. of Shares 217,545,754 6,600
% of Voted Shares 99.9970 0.0030
Result Accepted

2. Resolution 2

Description 
To approve other benefits payable to the Directors up to RM100,000 for the period from 11 July 2020 until the conclusion of the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 2
No. of Shares 211,813,373 1,110,155
% of Voted Shares 99.4786 0.5214
Result Accepted

3. Resolution 3

Description 
To re-elect the Director, Tan Sri Dato Soh Thian Lai who retires in accordance with Article 123(1) of the Company's Constitution and being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 23 1
No. of Shares 220,141,817 1,103,555
% of Voted Shares 99.5012 0.4988
Result Accepted

4. Resolution 4

Description 
To re-elect the Director, Mr. Fong Yoo Kaw @ Fong Yee Kow who retires in accordance with Article 123(1) of the Company's Constitution and being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 24 1
No. of Shares 220,486,485 1,103,555
% of Voted Shares 99.5020 0.4980
Result Accepted

5. Resolution 5

Description 
To re-elect the Director, Mr. Koichiro Nakazawa who retires in accordance with Article 128 of the Company's Constitution and being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 19 5
No. of Shares 116,745,002 11,565,047
% of Voted Shares 90.9866 9.0134
Result Accepted

6. Resolution 6

Description 
To re-elect the Director, Mr. Toshihiro Tachibana who retires in accordance with Article 128 of the Company's Constitution and being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 19 5
No. of Shares 116,745,002 11,565,047
% of Voted Shares 90.9866 9.0134
Result Accepted

7. Resolution 7

Description 
To re-appoint Messrs KPMG PLT (AF 0758) as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 0
No. of Shares 221,590,040 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Resolution 8

Description 
Authority to issue shares pursuant to Section 76 of the Companies Act 2016 ("Act").
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 0
No. of Shares 221,590,040 0
% of Voted Shares 100.0000 0.0000
Result Accepted

9. Resolution 9

Description 
Proposed renewal of and new shareholder mandate for recurrent related party transactions of a revenue or trading nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 14 0
No. of Shares 26,003,248 0
% of Voted Shares 100.0000 0.0000
Result Accepted

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