MagnaPrima Berhad ('MPB' or 'the Company') is pleased to announce that all the ordinary resolutions as set out in the Notice of the 25th Annual General Meeting ('AGM')of the Company dated 30 June 2020 were duly passed at the 25thAGM held on 13 August 2020, except for Ordinary Resolution 2 which was withdrawn.
In this respect, Mr. Low Yew Shen had withdrawn his offer for re-election as a Director at the 25th AGM.
At the close of the 25th AGM, Mr. Low Yew Shen retired from office as a Directorof the Company.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
To re-elect the following Directors who are retiring in accordance with Article 104 of the Company's Constitution and being eligible, offer themselves for re-election: - Mr. Ho Wen Yan |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 25 | 0 |
No. of Shares | 242,116,092 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
To re-elect the following Directors who are retiring in accordance with Article 104 of the Company's Constitution and being eligible, offer themselves for re-election - Mr. Low Yew Shen |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 0 | 0 |
No. of Shares | 0 | 0 |
% of Voted Shares | 0.0000 | 0.0000 |
Result | Withdrawn/ Postponed | |
3. Ordinary Resolution 3 |
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Description |
To approve the payment of Directors' fees up to RM200,000 in respect of the period from 14 August 2020 until the conclusion of the next Annual General Meeting of the Company |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 25 | 0 |
No. of Shares | 242,116,092 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
4. Ordinary Resolution 4 |
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Description |
To approve the payment of a meeting attendance allowance of RM500 per meeting to the Non-Executive Directors and leave passage allowance of RM12,000 per annum to the Chairman for the period from 14 August 2020 until the conclusion of the next Annual General Meeting of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 25 | 0 |
No. of Shares | 242,116,092 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
5. Ordinary Resolution 5 |
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Description |
To re-appoint Messrs Morison Anuarul Azizan Chew (AF 001977) as Auditors of the Company for the financial year ending 31 December 2020 and to authorise the Board of Directors to fix their remuneration |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 25 | 0 |
No. of Shares | 242,116,092 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
6. Ordinary Resolution 6 |
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Description |
Retention of Independent Non-Executive Directors pursuant to the Practice 4.2 of the Malaysian Code on Corporate Governance 2017 - YBhg Tan Sri Datuk Adzmi bin Abdul Wahab |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 25 | 0 |
No. of Shares | 242,116,092 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
7. Ordinary Resolution 7 |
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Description |
Retention of Independent Non-Executive Directors pursuant to the Practice 4.2 of the Malaysian Code on Corporate Governance 2017 - En Sazali bin Saad |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 25 | 0 |
No. of Shares | 242,116,092 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
8. Ordinary Resolution 8 |
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Description |
Authority to Allot and Issue Shares in General pursuant to Sections 75 and 76 of the Companies Act, 2016 |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 25 | 0 |
No. of Shares | 242,116,092 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
9. Ordinary Resolution 9 |
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Description |
Proposed Renewal of Authority for Purchase of Own Shares by the Company ("Proposed Renewal of Share Buy-Back") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 25 | 0 |
No. of Shares | 242,116,092 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |