[KOSSAN] General on 28-May-2021

Stock
[KOSSAN]: KOSSAN RUBBER INDUSTRIES BHD
Announcement Date
22-Apr-2021
Type
General
Date & Time
28-May-2021 10:30
Depositor Date
20-May-2021
Venue
Broadcast Venue: Training Centre Ownership Room, 2nd Floor, KOSSAN R&D Centre, PT 7836, Jalan Haji Abdul Manan / KU8, Kawasan Perindustrian Meru Selatan, 41050 Klang, Selangor Darul Ehsan. Virtual Meeting Platform: https://web.lumiagm.com/
Description
Notice of 41st Annual General Meeting ("AGM") The 41st AGM of Kossan Rubber Industries Bhd will be conducted on a virtual basis through live streaming and online remote voting via Remote Participation and Voting facilities.
Kossan Notice of AGM.pdf
Outcome

The Board of Directors of Kossan Rubber Industries Bhd ("Kossan") is pleased to announce that all resolutions as set out in the Notice of Annual General Meeting ("AGM") dated 23 April 2021 were duly passed by the shareholders of the Company at the 41tst AGM of the Company held on 28 May 2021. Voting on all the resolutions were carried out by way of poll.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' fees of RM495,000.00 for the financial year ended 31 December 2020. (2019: RM330,000.00)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 868 89
No. of Shares 1,943,200,205 586,525
% of Voted Shares 99.9698 0.0302
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect the following Directors retiring by rotation pursuant to Article 86 of the Company's Constitution and being eligible have offered themselves for re-election:
Tan Sri Dato' Lim Kuang Sia
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 765 204
No. of Shares 1,838,728,375 101,686,155
% of Voted Shares 94.7596 5.2404
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect the following Directors retiring by rotation pursuant to Article 86 of the Company's Constitution and being eligible have offered themselves for re-election:
Tan Kong Chang
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 819 144
No. of Shares 1,878,135,700 66,921,230
% of Voted Shares 96.5594 3.4406
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect the following Directors retiring by rotation pursuant to Article 86 of the Company's Constitution and being eligible have offered themselves for re-election:
Lim Ooi Chow
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 750 217
No. of Shares 1,831,892,543 113,164,387
% of Voted Shares 94.1819 5.8181
Result Accepted

5. Ordinary Resolution 5

Description 
To re-appoint KPMG PLT as Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 876 85
No. of Shares 1,917,610,597 27,444,233
% of Voted Shares 98.5890 1.4110
Result Accepted

6. Ordinary Resolution 6

Description 
Proposed Authority to Allot Shares Pursuant to Sections 75 and 76 of the Companies Act 2016
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 861 99
No. of Shares 1,871,743,804 73,316,026
% of Voted Shares 96.2307 3.7693
Result Accepted

7. Ordinary Resolution 7

Description 
Proposed Renewal and New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 894 61
No. of Shares 741,899,884 158,726
% of Voted Shares 99.9786 0.0214
Result Accepted

8. Ordinary Resolution 8

Description 
Proposed Renewal of Shareholders' Mandate for Share Buy-Back ("Proposed Share Buy-Back")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 913 41
No. of Shares 1,943,741,624 40,806
% of Voted Shares 99.9979 0.0021
Result Accepted

Remark
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