[QL] General on 29-Sep-2020

Stock
[QL]: QL RESOURCES BHD
Announcement Date
26-Aug-2020
Type
General
Date & Time
29-Sep-2020 10:00
Depositor Date
21-Sep-2020
Venue
Broadcast venue at QL Training Hall No. 16A, Jalan Astaka U8/83, Bukit Jelutong, 40150 Shah Alam, Selangor Darul Ehsan
Description
Notice of 23rd Annual General Meeting
QL Resources Berhad_Notice of AGM.pdf
Outcome

The Board of Directors of QL Resources Berhad ("the Company") is pleased to announce that all the resolutions as set out in the Notice of AGM dated 27 August 2020 were approved by poll. The results were validated by Messrs. Deloitte Risk Advisory Sdn. Bhd., the independent scrutineer appointed by the Company. The results of the poll is attached herewith.

This announcement is dated 29 September 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of a final single tier dividend of 4.50 sen per ordinary share in respect of the financial year ended 31 March 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 518 5
No. of Shares 1,200,908,822 500
% of Voted Shares 99.9999 0.0001
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect the Director who retire in accordance with Clause 124 of the Company's Constitution and being eligible, offers himself for re-election - Chia Song Kun.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 490 30
No. of Shares 1,195,637,312 5,018,010
% of Voted Shares 99.5821 0.4179
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect the Director who retire in accordance with Clause 124 of the Company's Constitution and being eligible, offers himself for re-election - Chia Song Kooi.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 510 13
No. of Shares 1,198,015,456 2,891,866
% of Voted Shares 99.7592 0.2408
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect the Director who retire in accordance with Clause 124 of the Company's Constitution and being eligible, offers herself for re-election - Kow Poh Gek.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 515 6
No. of Shares 1,200,789,819 503
% of Voted Shares 99.9999 0.0001
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect the Director who retire in accordance with Clause 129 of the Company's Constitution and being eligible, offers himself for re-election - Low Teng Lum.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 515 7
No. of Shares 1,200,728,119 66,103
% of Voted Shares 99.9945 0.0055
Result Accepted

6. Ordinary Resolution 6

Description 
To re-elect the Director who retire in accordance with Clause 129 of the Company's Constitution and being eligible, offers himself for re-election - Wee Beng Chuan.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 502 21
No. of Shares 1,194,414,545 6,379,677
% of Voted Shares 99.4687 0.5313
Result Accepted

7. Ordinary Resolution 7

Description 
To approve the proposed payment of Directors' fees amounting to RM973,500 from 1 October 2020 until the next Annual General Meeting, and further, to authorise the Directors to apportion the fees and make payment in the manner as the Directors may determine.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 506 7
No. of Shares 1,190,485,131 506
% of Voted Shares 99.9999 0.0001
Result Accepted

8. Ordinary Resolution 8

Description 
To approve the proposed payment of Directors' benefits amounting to RM61,185 from 1 October 2020 until the next Annual General Meeting.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 506 7
No. of Shares 1,190,485,131 506
% of Voted Shares 99.9999 0.0001
Result Accepted

9. Ordinary Resolution 9

Description 
To approve the additional payment of Directors' fees of RM88,500 following the postponement of the Annual General Meeting in 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 498 13
No. of Shares 1,190,161,625 323,012
% of Voted Shares 99.9729 0.0271
Result Accepted

10. Ordinary Resolution 10

Description 
To re-appoint Messrs. KPMG PLT as the auditors of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 517 6
No. of Shares 1,200,910,719 503
% of Voted Shares 99.9999 0.0001
Result Accepted

11. Ordinary Resolution 11

Description 
Authority to Directors to allot and issue shares pursuant to Section 75 and Section 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 497 26
No. of Shares 1,165,628,308 35,282,914
% of Voted Shares 97.0620 2.9380
Result Accepted

12. Ordinary Resolution 12

Description 
Proposed bonus issue of up to 811,219,129 new ordinary shares in QL ("Bonus Share(s)") on the basis of 1 Bonus Share for every 2 existing ordinary shares in QL held on an entitlement date to be determined and announced later ("Proposed Bonus Issue").
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 518 6
No. of Shares 1,200,912,719 503
% of Voted Shares 99.9999 0.0001
Result Accepted

13. Ordinary Resolution 13

Description 
Proposed Renewal for the Company to purchase its own shares of up to 10% of the total number of issued shares ("Proposed Renewal of Share Buy Back Authority").
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 509 13
No. of Shares 1,199,761,442 1,059,180
% of Voted Shares 99.9118 0.0882
Result Accepted

14. Ordinary Resolution 14

Description 
Proposed Renewal of and New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature ("Proposed Renewal of and New RRPT Mandate").
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 501 6
No. of Shares 344,417,868 503
% of Voted Shares 99.9999 0.0001
Result Accepted

Remark
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