[MAGNI] General on 30-Sep-2021

Stock
[MAGNI]: MAGNI-TECH INDUSTRIES BHD
Announcement Date
27-Aug-2021
Type
General
Date & Time
30-Sep-2021 10:30
Depositor Date
23-Sep-2021
Venue
Online meeting platform at www.propollsolutions.com.my provided by Propoll Solutions Sdn Bhd (Domain registration number D1A403203)
Description
24th Annual General Meeting
Magni-Tech - Notification to shareholder _Notice of AGM and Proxy Form 2021.pdf
Outcome

The Board of Directors of Magni-Tech Industries Berhad ("the Company") is pleased to announce that all the resolutions put to the 24thAnnual General Meeting ("AGM") of the Company held today, 30September 2021were unanimously carried.

All the resolutions were voted upon by poll and the results of the poll were validated by Messrs. Symphony MerchantSdn. Bhd.,the independent scrutineer appointed by the Company.

The results of the poll are set out below.

This announcement is dated 30 September 2021.

Voting Results

1. Ordinary Resolution 1

Description 
To re-elect Mr. Tan Poay Seng, a director who retires by rotation in accordance with Article 126 of the Companys Constitution and who, being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 91 9
No. of Shares 280,963,940 27,097,951
% of Voted Shares 91.2037 8.7963
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Mr. Hng Cheok Seng, a director who retires by rotation in accordance with Article 126 of the Companys Constitution and who, being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 90 8
No. of Shares 281,046,141 23,377,950
% of Voted Shares 92.3206 7.6794
Result Accepted

3. Ordinary Resolution 3

Description 
To approve the payment of Directors Fees of not exceeding RM145,000.00 for the financial year ended 30 April 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 82 16
No. of Shares 307,586,921 134,704
% of Voted Shares 99.9562 0.0438
Result Accepted

4. Ordinary Resolution 4

Description 
To re-appoint Messrs. Grant Thornton Malaysia PLT as auditors of the Company to hold office until the conclusion of the next AGM of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 90 8
No. of Shares 307,913,072 145,936
% of Voted Shares 99.9526 0.0474
Result Accepted

5. Ordinary Resolution 5

Description 
To authorise the Directors to Allot and Issue Shares in the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 81 20
No. of Shares 295,042,892 13,019,199
% of Voted Shares 95.7738 4.2262
Result Accepted

6. Ordinary Resolution 6

Description 
To approve the Proposed Renewal of Share Buy-Back Authority.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 91 8
No. of Shares 307,654,954 69,538
% of Voted Shares 99.9774 0.0226
Result Accepted

7. Ordinary Resolution 7

Description 
To retain Puan Mawan Noor Aini Md. Ismail as Independent Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 2 0
No. of Shares 205,555,000 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Ordinary Resolution 7 - Tier 2

Description 
To retain Puan Mawan Noor Aini Md. Ismail as Independent Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 80 14
No. of Shares 89,236,579 13,077,213
% of Voted Shares 87.2185 12.7815
Result Accepted

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