[RENEUCO] General on 09-Dec-2020

Stock
[RENEUCO]: RENEUCO BERHAD
Announcement Date
28-Oct-2020
Type
General
Date & Time
09-Dec-2020 10:00
Depositor Date
30-Nov-2020
Venue
Boardcast venue at Tricor Leadership Room Unit 32-01, Level 32, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur
Description
KUMPULAN POWERNET BERHAD - Notice of Twenty-Third Annual General Meeting ("23rd AGM") The 23rd AGM of the Company will be conducted fully virtual through live streaming from the broadcast venue via remote participation and voting facilities.
KPB - Notice of 23rd AGM.pdf
Outcome

The Board of Directors of Kumpulan Powernet Berhad ("the Company") is pleased to announce that all theresolutions as set out in the Notice of Twenty-Third AnnualGeneral Meeting ("23rd AGM") of the Company dated 30 October 2020were duly passed by the shareholders of the Company at the 23rd AGM held earlier today.

The voting in respect of all the resolutions were carried out by way of poll, results of whichwere validated by MYSA Corporate Services Sdn. Bhd., being the independent scrutineer appointed by the Company.

Details of the results of the polling in respect ofall the resolutionsat the 23rd AGM are set out below.

This announcement is dated 9 December 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of a first and final single tier dividend of 2.26 sen per ordinary share in respect of the financial year ended 30 June 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 92 4
No. of Shares 60,733,863 3,401
% of Voted Shares 99.9944 0.0056
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors' fees of up to RM698,400 for the period from the conclusion of the 23rd AGM until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 82 2
No. of Shares 5,530,185 2,101
% of Voted Shares 99.9620 0.0380
Result Accepted

3. Ordinary Resolution 3

Description 
To approve the payment of Directors benefits of up to RM323,410 for the period from the conclusion of the 23rd AGM until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 81 3
No. of Shares 5,530,060 2,226
% of Voted Shares 99.9598 0.0402
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Ms Kok Pauline as Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 92 4
No. of Shares 60,654,163 83,101
% of Voted Shares 99.8632 0.1368
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Dato Arivalagan A/L Arujunan as Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 90 6
No. of Shares 60,234,163 503,101
% of Voted Shares 99.1717 0.8283
Result Accepted

6. Ordinary Resolution 6

Description 
To re-elect Cik Sarah Azreen Binti Abdul Samat as Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 88 4
No. of Shares 59,604,063 83,101
% of Voted Shares 99.8608 0.1392
Result Accepted

7. Ordinary Resolution 7

Description 
To re-appoint Messrs Al Jafree Salihin Kuzaimi PLT as Auditors of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 92 4
No. of Shares 60,654,163 83,101
% of Voted Shares 99.8632 0.1368
Result Accepted

8. Ordinary Resolution 8

Description 
Authority to issue and allot shares pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 90 6
No. of Shares 60,653,813 83,451
% of Voted Shares 99.8626 0.1374
Result Accepted

9. Ordinary Resolution 9

Description 
Proposed renewal of the existing shareholders' mandate for recurrent related party transactions of a revenue or trading nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 80 4
No. of Shares 5,449,185 83,101
% of Voted Shares 98.4979 1.5021
Result Accepted

10. Ordinary Resolution 10

Description 
Proposed share buy-back authority for the purchase up to ten percent (10%) of the total number of issued shares of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 93 3
No. of Shares 60,734,763 2,501
% of Voted Shares 99.9959 0.0041
Result Accepted

11. Special Resolution

Description 
Proposed change of Company's name from "Kumpulan Powernet Berhad" to "KPower Berhad".
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 94 2
No. of Shares 60,735,163 2,101
% of Voted Shares 99.9965 0.0035
Result Accepted

Remark
-
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment