[TIMWELL] General on 18-Aug-2020
Announcement Date
18-Jun-2020
Type
General
Date & Time
18-Aug-2020 14:00
Depositor Date
11-Aug-2020
Venue
2nd Floor, Wisma BSN Sabah
Jalan Kemajuan, Karamunsing
88000 Kota Kinabalu
Sabah
Description
Outcome
The Board of Directors ofTimberwell Berhad ("the Company") is pleased to announce that all resolutions set out in the Notice of theTwenty-Fourth Annual General Meeting ("24th AGM") of the Company dated 19 June 2020 were duly passed as Ordinary Resolutions at the 24th AGM of the Company held on Tuesday, 18 August2020 at 2:00 p.m.
All 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 poll results for Resolutions 7 and 8 are as follows:
|
Resolutions |
Total Votes For |
Total Vote Against |
Results |
|||||
|
No. of Shareholders |
No. of Shares |
% of Voted Shares |
No. of Shareholders |
No. of Shares |
% of Voted Shares |
|||
|
Ordinary Resolution 7 To approve the retention of Dato' Seri Abdul Azim Bin Mohd Zabidi as an Independent Non-Executive Director. |
Tier 1 |
1 |
21,210,322 |
100.0000 | Nil | Nil | 0.0000 |
Accepted |
|
Tier 2 |
11 |
26,107,344 |
100.0000 | Nil | Nil | 0.0000 | ||
|
Ordinary Resolution 8 To approve the retention of Datuk Yap Pak Leong as an Independent Non-Executive Director. |
Tier 1 |
1 |
21,210,322 | 100.0000 | Nil | Nil | 0.0000 |
Accepted |
|
Tier 2 |
11 |
26,107,344 | 100.0000 | Nil | Nil | 0.0000 | ||
This announcement is dated18 August2020.
Voting Results |
||
1. Ordinary Resolution 1 |
||
| Description |
To approve the payment of Directors' fees amounting to RM250,000.00 for the financial year ended 31 December 2019. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 12 | 0 |
| No. of Shares | 47,317,666 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
||
| Description |
To approve the payment of Directors' remuneration (excluding Directors' Fees) payable to the Board of the Company and its subsidiaries amounting to RM150,000.00 for the period from 19 August 2020 until the next Annual General Meeting of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 12 | 0 |
| No. of Shares | 47,317,666 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
||
| Description |
To re-elect Dato Sri Tiong King Sing, who is retiring as Director in accordance with the Clause 97 of the Company's Constitution, and being eligible, has offered himself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 12 | 0 |
| No. of Shares | 47,317,666 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
||
| Description |
To re-elect Mr Loo Choo Hong, who is retiring as Director in accordance with the Clause 97 of the Company's Constitution, and being eligible, has offered himself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 12 | 0 |
| No. of Shares | 47,317,666 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
||
| Description |
To re-appoint Messrs. Baker Tilly Monteiro Heng PLT (AF0117) 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 | 12 | 0 |
| No. of Shares | 47,317,666 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
||
| Description |
To approve the authority to issue and allot shares. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 12 | 0 |
| No. of Shares | 47,317,666 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
||
| Description |
To approve the retention of Dato' Seri Abdul Azim Bin Mohd Zabidi as an Independent Non-Executive Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 12 | 0 |
| No. of Shares | 47,317,666 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
8. Ordinary Resolution 8 |
||
| Description |
To approve the retention of Datuk Yap Pak Leong as an Independent Non-Executive Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 12 | 0 |
| No. of Shares | 47,317,666 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
