[LIONPSIM] General on 24-Nov-2020

Stock
[LIONPSIM]: LION POSIM BERHAD
Announcement Date
23-Oct-2020
Type
General
Date & Time
24-Nov-2020 14:00
Depositor Date
17-Nov-2020
Venue
Broadcast Venue, Meeting Hall, Level 16, Lion Office Tower No. 1 Jalan Nagasari 50200 Kuala Lumpur Wilayah Persekutuan
Description
Notice of the 38th Annual General Meeting of Lion Posim Berhad to be held fully virtual at the Broadcast Venue
LPB - Notice of 38th AGM and Administrative Guide.pdf
Outcome

The Board of Directors of Lion Posim Berhad ("LPB") (formerly known as Lion Forest Industries Berhad) wishes to announce that all the ordinary resolutions set out in the Notice of the 38th Annual General Meeting of LPB held on 24November 2020were duly passed by way of poll. The results of the poll were duly verified by Commercial Quest Sdn Bhd, the Independent Scrutineers appointed by the Company.

Details of the results of the poll are set out below.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' fees amounting to RM190,000 for the financial year ended 30 June 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 150 18
No. of Shares 172,792,883 82,008
% of Voted Shares 99.9526 0.0474
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors' benefits of up to RM100,000 for the period commencing after the 38th Annual General Meeting until the next annual general meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 148 19
No. of Shares 172,790,803 82,088
% of Voted Shares 99.9525 0.0475
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Y. Bhg. Tan Sri Cheng Heng Jem as Director who retires by rotation in accordance with Clause 110 of the Company's Constitution and who being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 157 13
No. of Shares 172,800,949 73,982
% of Voted Shares 99.9572 0.0428
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Ms Cheng Hui Ya, Serena as Director who retires by rotation in accordance with Clause 110 of the Company's Constitution and who being eligible, has offered herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 157 13
No. of Shares 172,800,949 73,982
% of Voted Shares 99.9572 0.0428
Result Accepted

5. Ordinary Resolution 5

Description 
To re-appoint Messrs Deloitte PLT 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 162 8
No. of Shares 172,873,229 1,702
% of Voted Shares 99.9990 0.0010
Result Accepted

6. Ordinary Resolution 6

Description 
To approve the authority to Directors to issue shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 157 13
No. of Shares 172,801,029 73,902
% of Voted Shares 99.9573 0.0427
Result Accepted

7. Ordinary Resolution 7

Description 
To approve the proposed renewal of shareholders' mandate for recurrent related party
transactions.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 136 15
No. of Shares 2,659,535 74,003
% of Voted Shares 97.2928 2.7072
Result Accepted

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