[MGB] General on 24-Jul-2020

Stock
[MGB]: MGB BERHAD
Announcement Date
24-Jun-2020
Type
General
Date & Time
24-Jul-2020 10:00
Depositor Date
16-Jul-2020
Venue
Ballroom I, Jalan Kelab Tropicana Tropicana Golf & Country Resort 47410 Petaling Jaya, Selangor Darul Ehsan
Description
MGB Berhad - Eighteenth Annual General Meeting
MGB - Notice of 18th AGM.pdf
Outcome

The Board of Directors of MGB Berhad (“Company”) wishes to announce that all the resolutions as set out in the Company’s Notice of 18th Annual General Meeting ("18th AGM") dated 25 June 2020 were duly passed by shareholders of the Company at the said 18th AGM held today, 24 July 2020.

All the resolutions were voted by poll and the results of the poll were validated by Scrutineer Solutions 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 24July 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' Fees and allowance of RM167,950 for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 27 0
No. of Shares 371,968,827 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Tan Sri Dato' Sri Lim Hock San, JP who retire in accordance with Article 90 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 29 0
No. of Shares 375,323,212 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Datuk Lim Lit Chek  who retire in accordance with Article 90 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 29 0
No. of Shares 375,323,212 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Mr Lim Kim Hoe who retire in accordance with Article 90 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 29 0
No. of Shares 375,323,212 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Ordinary Resolution 5

Description 
To re-appoint Messrs UHY as Auditors of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 29 0
No. of Shares 375,323,212 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Ordinary Resolution 6

Description 
Authority to allot and issue shares pursuant to Sections 75 and 76 of the Companies Act, 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 27 2
No. of Shares 373,909,312 1,413,900
% of Voted Shares 99.6233 0.3767
Result Accepted

7. Ordinary Resolution 7

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 14 0
No. of Shares 69,158,283 0
% of Voted Shares 100.0000 0.0000
Result Accepted

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