[VELOCITY] General on 27-Nov-2020

Stock
[VELOCITY]: VELOCITY CAPITAL PARTNER BERHAD
Announcement Date
27-Oct-2020
Type
General
Date & Time
27-Nov-2020 09:00
Depositor Date
20-Nov-2020
Venue
Meeting Room of Securities Services (Holdings) Sdn. Bhd., Level 7, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Damansara Heights, 50490 Kuala Lumpur, Wilayah Persekutuan
Description
KTG Berhad (formerly known as DWL Resources Berhad)("KTG") - Twentieth Annual General Meeting ("20th AGM") The 20th AGM of KTG will be held on a fully virtual basis via remote participation through live stream and online voting .
Notice of 20th AGM.pdf
Outcome
The Board of Directors of KTG Berhad (formerly known as DWL Resources Berhad) ("the Company") wishes to announce that all of the resolutions as tabled at the Twentieth Annual General Meeting ("20th AGM") held today as per the Notice of the 20th AGM dated 28 October 2020 were duly passed by the shareholders of the Company.

All of the resolutions were voted by poll and the results of the poll were validated by Commercial Quest Sdn. Bhd., the independent scrutineer appointed by the Company.

Details of the results of the polling in respect of all resolutions of the 20th AGM are set out below.

This announcement is dated 27 November 2020.

Voting Results

1. Resolution 1

Description 
To approve the payment of Directors' fees of up to RM350,000.00 for the financial year ending 30 June 2021 and thereafter, which is payable quarterly in arrears.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 7 2
No. of Shares 82,660,022 2,100
% of Voted Shares 99.9975 0.0025
Result Accepted

2. Resolution 2

Description 
To approve the payment of Directors' benefits of up to RM40,000.00 from 28 November 2020 until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 7 2
No. of Shares 82,660,022 2,100
% of Voted Shares 99.9975 0.0025
Result Accepted

3. Resolution 3

Description 
To re-elect Mr. Sim Chiun Wee who is due to retire in accordance with Clause 120 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 10 0
No. of Shares 82,666,922 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. Resolution 4

Description 
To re-elect Encik Ahmad Ruslan Zahari Bin Dato Dr. Zakaria who is due to retire in accordance with Clause 121 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 10 0
No. of Shares 82,666,922 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Resolution 5

Description 
To re-elect Mr. Lim Mun Shung (Melvin) who is due to retire in accordance with Clause
121 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 10 0
No. of Shares 82,666,922 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Resolution 6

Description 
To re-appoint Messrs. Folks DFK & Co as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 10 0
No. of Shares 82,666,922 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Resolution 7

Description 
Authority to Issue Shares pursuant to the Companies Act 2016
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 10 0
No. of Shares 82,666,922 0
% of Voted Shares 100.0000 0.0000
Result Accepted

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