[SKPRES] General on 25-Sep-2020

Stock
[SKPRES]: SKP RESOURCES BHD
Announcement Date
27-Aug-2020
Type
General
Date & Time
25-Sep-2020 11:00
Depositor Date
17-Sep-2020
Venue
Melati Room, Level 2, Bangi Resort Hotel, Off Persiaran Bandar, 43650 Bandar Baru Bangi, Selangor Darul Ehsan
Description
SKP Resources Bhd - Twentieth Annual General Meeting ("20th AGM")
SKP 2020 - Notice of 20th AGM (with Form of Proxy and Admin Guide).pdf
Outcome
The Board of Directors of SKP Resources Bhd ("the Company") wishes to announce that all of the resolutions tabled at the Twentieth Annual General Meeting held today were duly approved by the shareholders except for Ordinary Resolutions 6 and 7 which were withdrawn.

The following Ordinary Resolutions 6 and 7 have been withdrawn as Mr. Koh Chin Koon and Mr. Chew Teck Cheng have been redesignated from Independent Non-Executive Directors to Non-Independent Non-Executive Directors of the Company with effect from 24 September 2020:

1) Ordinary Resolution 6 - Retention of Mr. Koh Chin Koon as an Independent Director of the Company.
2) Ordinary Resolution 7 - Retention of Mr. Chew Teck Cheng as an Independent Director of the Company.

The resolutions were voted by poll and the results were validated by Commercial Quest Sdn. Bhd, the Independent Scrutineer appointed by the Company.

The details of the results of the poll are set out below.

This announcement is dated 25 September 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To re-elect Mr. Gan Poh San, a Director of the Company, who retires by rotation in
accordance with Clause 119 of the Company's Constitution and being eligible, has offered
himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 148 10
No. of Shares 778,614,020 17,722,800
% of Voted Shares 97.7745 2.2255
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Mr. Koh Song Heng, a Director of the Company, who retires by rotation in
accordance with Clause 119 of the Company's Constitution and being eligible, has offered
himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 131 40
No. of Shares 746,641,567 68,450,753
% of Voted Shares 91.6021 8.3979
Result Accepted

3. Ordinary Resolution 3

Description 
To approve the payment of Directors fees of RM174,000/- for the financial year ended 31 March 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 171 0
No. of Shares 815,092,320 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. Ordinary Resolution 4

Description 
To approve the payment of benefits payable to the Directors up to an amount of RM25,000/- from 1 October 2020 until 30 September 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 171 0
No. of Shares 815,092,320 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Ordinary Resolution 5

Description 
To re-appoint Ernst & Young PLT as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Board of Directors of the Company to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 168 1
No. of Shares 813,116,820 100
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Ordinary Resolution 6

Description 
To retain Mr. Koh Chin Koon as an Independent Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 0 0
No. of Shares 0 0
% of Voted Shares 0.0000 0.0000
Result Withdrawn/ Postponed

7. Ordinary Resolution 7

Description 
To retain Mr. Chew Teck Cheng as an Independent Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 0 0
No. of Shares 0 0
% of Voted Shares 0.0000 0.0000
Result Withdrawn/ Postponed

8. Ordinary Resolution 8

Description 
To retain Mr. Koh Song Heng as an Independent Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 134 24
No. of Shares 603,749,120 192,587,700
% of Voted Shares 75.8158 24.1842
Result Accepted

9. Ordinary Resolution 9

Description 
To approve the authority to issue shares pursuant to the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 160 10
No. of Shares 769,934,120 30,158,200
% of Voted Shares 96.2307 3.7693
Result Accepted

10. Ordinary Resolution 10

Description 
To approve the Proposed Renewal of Share Buy-Back Authority.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 170 0
No. of Shares 814,354,320 0
% of Voted Shares 100.0000 0.0000
Result Accepted

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