[TEOSENG] General on 05-Aug-2021

Stock
[TEOSENG]: TEO SENG CAPITAL BHD
Announcement Date
07-Jul-2021
Type
General
Date & Time
05-Aug-2021 11:30
Depositor Date
29-Jul-2021
Venue
Online meeting platform via TIIH Online website at https://tiih.online or https://tiih.com.my (Domain registration number with MYNIC: D1A282781) provided by Tricor Investor & Issuing House Services Sdn. Bhd.
Description
NOTIFICATION TO THE SHAREHOLDERS - (A) CHANGE OF MEETING VENUE OF 15TH ANNUAL GENERAL MEETING ("15TH AGM") TO ONLINE MEETING PLATFORM; (B) THE DEFERMENT OF 15TH AGM WILL BE CONDUCTED ENTIRELY ON A FULLY VIRTUAL BASIS THROUGH ONLINE MEETING PLATFORM
Teo Seng - AGM Notice_ Admin Guide _Proxy Form.pdf
Outcome

The Board of Directors of Teo Seng CapitalBerhad ("Teo Seng") is pleased to announce that all the resolutions set out in the Notice of deferred Fifteenth Annual General Meeting ("15th AGM") dated 8 July2021were duly passed at the deferred 15th AGM of Teo Seng held earlier today. All the resolutions were approved by way of poll at the deferred 15th AGM. The results of the poll were validated by Asia Securities Sdn Bhd, the independent scrutineer appointed by Teo Seng. Ordinary Resolutions5 and 6 werevoted by a two-tier voting process in accordance to Practice 4.2 of the Malaysian Code on Corporate Governance. The details of the poll results are set out in the attachment.

This announcement is dated 5 August 2021.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors fees and benefits up to RM168,000.00 for the period with effect from 6 August 2021 until the next Annual General Meeting of the Company to be held in 2022.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 100 10
No. of Shares 194,312,214 60,207
% of Voted Shares 99.9690 0.0310
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Lau Jui Peng who retires pursuant to Clause 76(3) of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 106 3
No. of Shares 194,370,516 1,505
% of Voted Shares 99.9992 0.0008
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Loh Wee Ching who retires pursuant to Clause 76(3) of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 105 4
No. of Shares 194,370,416 1,605
% of Voted Shares 99.9992 0.0008
Result Accepted

4. Ordinary Resolution 4

Description 
To re-appoint PricewaterhouseCoopers PLT as Auditors of the Company for the financial year ending 31 December 2021 and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 104 5
No. of Shares 194,360,216 11,805
% of Voted Shares 99.9939 0.0061
Result Accepted

5. Ordinary Resolution 5

Description 
Proposed continuation in office of Choong Keen Shian as Independent Non-Executive Director (Tier 1).
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 8 0
No. of Shares 163,948,889 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Ordinary Resolution 5

Description 
Proposed continuation in office of Choong Keen Shian as Independent Non-Executive Director (Tier 2).
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 96 4
No. of Shares 30,408,077 5,055
% of Voted Shares 99.9834 0.0166
Result Accepted

7. Ordinary Resolution 6

Description 
Proposed continuation in office of Frederick Ng Yong Chiang as Independent Non-Executive Director (Tier 1).
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 8 0
No. of Shares 163,948,889 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Ordinary Resolution 6

Description 
Proposed continuation in office of Frederick Ng Yong Chiang as Independent Non-Executive Director (Tier 2).
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 96 4
No. of Shares 30,408,077 5,055
% of Voted Shares 99.9834 0.0166
Result Accepted

9. Ordinary Resolution 7

Description 
Proposed continuation in office of Dato' Koh Low @ Koh Kim Toon as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 105 4
No. of Shares 194,366,966 5,055
% of Voted Shares 99.9974 0.0026
Result Accepted

10. 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 99 9
No. of Shares 194,232,564 129,457
% of Voted Shares 99.9334 0.0666
Result Accepted

11. Ordinary Resolution 9

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 81 7
No. of Shares 12,165,672 5,907
% of Voted Shares 99.9515 0.0485
Result Accepted

12. Ordinary Resolution 10

Description 
Proposed renewal of authorisation to enable the Company to purchase up to 10% of the total number of issued shares of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 102 9
No. of Shares 194,256,114 129,907
% of Voted Shares 99.9332 0.0668
Result Accepted

Remark
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