[SUCCESS] General on 08-Dec-2020

Stock
[SUCCESS]: SUCCESS TRANSFORMER CORP BHD
Announcement Date
28-Oct-2020
Type
General
Date & Time
08-Dec-2020 11:00
Depositor Date
01-Dec-2020
Venue
Broadcast Venue at the Conference Room of the Company, No. 5, Jalan TSB 8, Taman Industri Sungai Buloh, 47000 Sungai Buloh, Selangor Darul Ehsan,
Description
Success Transformer Corporation Berhad - Notice of Sixteenth Annual General Meeting ("16th AGM") The 16th AGM will be conducted in a fully virtual basis at the Broadcast Venue via remote participation and voting facilities.
STC - Notice of 16th AGM.pdf
Outcome

The Board of Directors of Success Transformer CorporationBerhad ("the Company") is pleased to announce that at the Sixteenth Annual General Meeting ("16thAGM") of the Company held today, all the resolutions as set out in the Notice of the 16th AGM, dated 30 October 2020, were duly passed by the shareholders of the Company.

The voting in respect of the resolutions were carried out by way of a poll and the results of the poll were validated by Scrutineer Solutions Sdn. Bhd., the Independent Scrutineer appointed by the Company.

Details of the said results of the poll are set out below.

This announcement is dated 8 December 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' fees amounting to RM250,000/- for the financial year ending 30 June 2021 payable monthly in arrears after each month of completed service of the Directors during the subject financial year.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 56 6
No. of Shares 124,721,174 7,404
% of Voted Shares 99.9941 0.0059
Result Accepted

2. Ordinary Resolution 2

Description 
To approve an amount up to RM15,000/- as benefits payable to Non-Executive Directors of the Company for the period from 1 July 2020 to the Seventeenth Annual General Meeting of the Company in year 2021 pursuant to Section 230(1)(b) of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 56 6
No. of Shares 124,721,174 7,404
% of Voted Shares 99.9941 0.0059
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mr. Tan Ah Bah @ Tan Ah Ping who is retiring in accordance with Clause 90 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 57 7
No. of Shares 107,993,214 16,741,104
% of Voted Shares 86.5786 13.4214
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Ms. Tan Chung Chay who is retiring in accordance with Clause 90 of the Company's Constitution and being eligible, has offered herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 57 7
No. of Shares 107,993,214 16,741,104
% of Voted Shares 86.5786 13.4214
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect YBhg. Tan Sri Dato' Ahmad Fuzi Bin Hj Abdul Razak who is retiring in accordance with Clause 98 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 60 4
No. of Shares 124,732,014 2,304
% of Voted Shares 99.9982 0.0018
Result Accepted

6. Ordinary Resolution 6

Description 
To re-appoint Messrs. Crowe Malaysia PLT 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 62 2
No. of Shares 124,722,814 11,504
% of Voted Shares 99.9908 0.0092
Result Accepted

7. Ordinary Resolution 7

Description 
Authority to issue shares pursuant to the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 60 4
No. of Shares 124,732,014 2,304
% of Voted Shares 99.9982 0.0018
Result Accepted

8. Ordinary Resolution 8

Description 
Proposed Renewal of 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 60 4
No. of Shares 124,732,014 2,304
% of Voted Shares 99.9982 0.0018
Result Accepted

9. Ordinary Resolution 9

Description 
Proposed Renewal of Share Buy-Back Authority.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 62 2
No. of Shares 124,733,114 1,204
% of Voted Shares 99.9990 0.0010
Result Accepted

10. Ordinary Resolution 10

Description 
Proposed Renewal of Authority for the Company to allot and issue new ordinary shares in the Company ("STC Shares"), for the purpose of the Dividend Reinvestment Scheme that provides the shareholders of the Company with the option to elect to reinvest their cash dividends in new STC Shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 60 4
No. of Shares 124,732,014 2,304
% of Voted Shares 99.9982 0.0018
Result Accepted

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