[ASIABRN] General on 21-Sep-2021

Stock
[ASIABRN]: ASIA BRANDS BERHAD
Announcement Date
03-Sep-2021
Type
General
Date & Time
21-Sep-2021 10:00
Depositor Date
13-Sep-2021
Venue
To be held on a fully virtual basis via remote participation and voting through online meeting platform hosted on Securities Services e-Portal at https://sshsb.net.my/ provided by SS E Solutions Sdn. Bhd. in
Description
ASIA BRANDS BERHAD ("the Company") Forty-Sixth Annual General Meeting ("46th AGM") The 46th AGM will be held on a fully virtual basis via remote participation and voting through online meeting platform.
ABB - Errata for Notice of 46th AGM and Proxy Form.pdf
Outcome

The Board of Directors of Asia Brands Berhad wishes to announce that all of the resolutions as set out in the Notice of the Forty-Sixth Annual General Meeting ("46thAGM") dated 30 August 2021were duly passed by the shareholders at the 46thAGM held today.

All of the resolutions were voted by poll and the results of the poll were validated by Commercial Quest Sdn. Bhd., the Independent Scrutineer appointed by the Company.

Details of the results of the polling in respect of all the resolutions at the 46thAGM are set out below.

This announcement is dated 21 September 2021.

Voting Results

1. Resolution 1

Description 
To approve the payment of Directors' fees and benefits to the Non-Executive Directors of the Company from the conclusion of the 46th Annual General Meeting (46th AGM) up till the conclusion of the next Annual General Meeting of the Company to be held in 2022.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 30 15
No. of Shares 78,793,859 60,242
% of Voted Shares 99.9236 0.0764
Result Accepted

2. Resolution 2

Description 
To re-elect Dato Sri Tan Thian Poh, who retires pursuant to Clause 118 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 4
No. of Shares 78,844,041 60
% of Voted Shares 99.9999 0.0001
Result Accepted

3. Resolution 3

Description 
To re-appoint Messrs. Reanda LLKG International 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 42 3
No. of Shares 78,854,061 40
% of Voted Shares 99.9999 0.0001
Result Accepted

4. Resolution 4

Description 
Ordinary Resolution 1
-  Retention of Mr. Kong Sau Kian as an Independent Non-Executive Director
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 4
No. of Shares 78,844,041 60
% of Voted Shares 99.9999 0.0001
Result Accepted

5. Resolution 5

Description 
Ordinary Resolution 2
-  Retention of Mr. Lim Kim Meng as an Independent Non-Executive Director
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 4
No. of Shares 78,844,041 60
% of Voted Shares 99.9999 0.0001
Result Accepted

6. Resolution 6

Description 
Ordinary Resolution 3
-  Authority to Issue Shares Pursuant to the Companies Act 2016
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 36 9
No. of Shares 78,843,859 10,242
% of Voted Shares 99.9870 0.0130
Result Accepted

7. Resolution 7

Description 
Ordinary Resolution 4
-  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 8
No. of Shares 379,905 242
% of Voted Shares 99.9363 0.0637
Result Accepted

8. Resolution 8

Description 
Ordinary Resolution 5
-  Proposed renewal of share buy back authority of up to 10% of the total number of issued shares of the Company
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 38 7
No. of Shares 78,843,879 10,222
% of Voted Shares 99.9870 0.0130
Result Accepted

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