[TEOSENG] General on 12-Aug-2020

Stock
[TEOSENG]: TEO SENG CAPITAL BHD
Announcement Date
29-Jun-2020
Type
General
Date & Time
12-Aug-2020 11:30
Depositor Date
05-Aug-2020
Venue
Teo Seng Capital Berhad Conference Room, First Floor Lot PTD 25740 Batu 4, Jalan Air Hitam 83700 Yong Peng, Johor
Description
TEO SENG CAPITAL BERHAD - Notice of Fourteenth Annual General Meeting
TSCB - 14th AGM Notice_Admin Guide_Errata.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 FourteenthAnnual General Meeting ("14th AGM") dated 30 June2020were duly passed at the 14th AGM of Teo Seng held earlier today. All the resolutions were approved by way of poll at the 14th 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.

Detailsof the poll results for Ordinary Resolutions 5 and 6 under a two-tier voting process are as follows:

Resolution

Total Votes For

Total Votes Against

Results

No of Shares

%

No of Shares

%

Ordinary Resolution 5 - Proposed continuation in office of Choong Keen Shian as Independent Non-Executive Director.

Tier 1

153,369,003

100.0000

0

0.0000

Accepted

Tier 2

34,265,701

99.9991

300

0.0009

Ordinary Resolution 6 - Proposed continuation in office of Frederick Ng Yong Chiang as Independent Non-Executive Director.

Tier 1

153,369,003

100.0000

0

0.0000

Accepted

Tier 2

34,265,701

99.9991

300

0.0009

This announcement is dated 12 August 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors fees and benefits up to RM168,000.00 with effect from 13 August 2020 until the next Annual General Meeting of the Company to be held in 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 50 1
No. of Shares 187,468,102 300
% of Voted Shares 99.9998 0.0002
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Choong Keen Shian who retires pursuant to Clause 76(3) of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 51 1
No. of Shares 187,634,704 300
% of Voted Shares 99.9998 0.0002
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Frederick Ng Yong Chiang who retires pursuant to Clause 76(3) of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 51 1
No. of Shares 187,634,704 300
% of Voted Shares 99.9998 0.0002
Result Accepted

4. Ordinary Resolution 4

Description 
To re-appoint PricewaterhouseCoopers PLT as Auditors of the Company for the financial year ending 31 December 2020 and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 51 1
No. of Shares 187,634,704 300
% of Voted Shares 99.9998 0.0002
Result Accepted

5. Ordinary Resolution 5

Description 
Proposed continuation in office of Choong Keen Shian as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 51 1
No. of Shares 187,634,704 300
% of Voted Shares 99.9998 0.0002
Result Accepted

6. Ordinary Resolution 6

Description 
Proposed continuation in office of Frederick Ng Yong Chiang as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 51 1
No. of Shares 187,634,704 300
% of Voted Shares 99.9998 0.0002
Result Accepted

7. Ordinary Resolution 7

Description 
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 51 1
No. of Shares 187,634,704 300
% of Voted Shares 99.9998 0.0002
Result Accepted

8. Ordinary Resolution 8

Description 
Authority to issue shares pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 51 1
No. of Shares 187,634,704 300
% of Voted Shares 99.9998 0.0002
Result Accepted

9. 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 34 1
No. of Shares 11,723,062 300
% of Voted Shares 99.9974 0.0026
Result Accepted

10. 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 51 1
No. of Shares 187,634,704 300
% of Voted Shares 99.9998 0.0002
Result Accepted

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