[ECOWLD] General on 19-May-2020

Stock
[ECOWLD]: ECO WORLD DEVELOPMENT GROUP BERHAD
Announcement Date
12-May-2020
Type
General
Date & Time
19-May-2020 15:00
Depositor Date
12-May-2020
Venue
Broadcast Venue: Bukit Bintang City Centre Sales Gallery, No. 2, Jalan Hang Tuah, 55100 Kuala Lumpur, Wilayah Persekutuan,
Description
Notification to Shareholders of a Fully Virtual 46th Annual General Meeting of Eco World Development Group Berhad through live streaming and online remote voting using Remote Participation and Voting Facilities. The date and time remain unchanged.
Eco World - Notification of a Fully Virtual 46th AGM.pdf
Outcome

The Board of Directors of Eco World Development Group Berhad (“the Company”) is pleased to announce that all the resolutions as set out in the Notice of the Forty-Sixth Annual General Meeting (“46th AGM”) of the Company dated 20 April 2020 were duly approved by the shareholders of the Company at the 46th AGM held today.

The voting in respect of the resolutions was carried out by way of a poll via Remote Participation and Voting facilities and the results were validated by GovernAce Advisory & Solutions Sdn. Bhd., the Independent Scrutineer appointed by the Company.

This announcement is dated 19 May 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' Fees amounting to RM1,776,000 for the financial year ended 31 October 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 179 19
No. of Shares 2,041,276,249 103,801
% of Voted Shares 99.9950 0.0050
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors' Remuneration (excluding Directors' Fees) up to an amount of RM498,000 for the financial year ending 31 October 2020 and up to the date of the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 178 20
No. of Shares 2,006,825,749 34,554,301
% of Voted Shares 98.3070 1.6930
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Tan Sri Abdul Rashid Bin Abdul Manaf who is retiring by rotation in accordance with Article 126 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 182 18
No. of Shares 2,308,132,078 10,240,701
% of Voted Shares 99.5580 0.4420
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Dato' Chang Khim Wah who is retiring by rotation in accordance with Article 126 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 187 13
No. of Shares 2,318,117,878 254,901
% of Voted Shares 99.9890 0.0110
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Mr. Tang Kin Kheong who is retiring by rotation in accordance with Article 126 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 178 21
No. of Shares 2,144,481,278 173,886,501
% of Voted Shares 92.5000 7.5000
Result Accepted

6. Ordinary Resolution 6

Description 
To re-elect Mr. Liew Tian Xiong who is retiring by rotation in accordance with Article 126 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 184 15
No. of Shares 2,318,102,878 264,901
% of Voted Shares 99.9890 0.0110
Result Accepted

7. Ordinary Resolution 7

Description 
To re-appoint Messrs. Baker Tilly Monteiro Heng PLT as Auditors of the Company until the conclusion of the next AGM and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 183 16
No. of Shares 2,317,134,978 1,232,801
% of Voted Shares 99.9470 0.0530
Result Accepted

8. Ordinary Resolution 8

Description 
To approve the authority to issue and allot shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 175 24
No. of Shares 2,144,697,778 173,666,001
% of Voted Shares 92.5090 7.4910
Result Accepted

9. Ordinary Resolution 9

Description 
To approve the Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 161 12
No. of Shares 449,583,944 15,401
% of Voted Shares 99.9970 0.0030
Result Accepted

10. Ordinary Resolution 10

Description 
To approve the Proposed Authority for the Company to Purchase its own Ordinary Shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 177 23
No. of Shares 2,110,030,778 208,342,001
% of Voted Shares 91.0130 8.9870
Result Accepted

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