[PMETAL] General on 11-Jun-2020

Stock
[PMETAL]: PRESS METAL ALUMINIUM HOLDINGS BERHAD
Announcement Date
12-May-2020
Type
General
Date & Time
11-Jun-2020 10:30
Depositor Date
01-Jun-2020
Venue
Broadcast Venue Suite 61 & 62, Setia Avenue No. 2, Jalan Setia Prima S U13/S, Setia Alam Seksyen U13 40170 Shah Alam, Selangor Darul Ehsan
Description
Press Metal Aluminium Holdings Berhad - Fourth Annual General Meeting ("4th AGM") The 4th AGM will be conducted fully virtual at the Broadcast Venue via Remote Participation and Voting facilities at https://tiih.online.
Press Metal Aluminium Holdings Berhad - 4th AGM Notice and Administrative Details.pdf
Outcome

The Board of Directors of Press Metal Aluminium Holdings Berhad (the "Company") wishes to announce that all resolutions as set out in the Notice of the FourthAnnual General Meeting ("4th AGM") wereduly passed by the shareholders of the Company by way of poll via remote participation and electronic voting at the 4th AGM held today.

The results of the poll was validated by Coopers Professional Scrutineers SdnBhd, the Independent Scrutineers appointed by the Company.

Details of the poll results for Ordinary Resolution 6 and Ordinary Resolution 7 is as follows:

Resolution

Description

Shareholders Action

Voted

No. of Shareholders

No. of Shares

% of Voted Shares

Results

Ordinary Resolution 6 – Tier 1

To approve the proposed authority for Dato' Wira (Dr.) Megat Abdul Rahman Bin Megat Ahmad to continue in office as Independent Non-Executive Chairman.

For Voting

For

Against

46

0

2,480,730,996

0

100.0000

0.0000

Accepted

Ordinary Resolution 6 – Tier 2

To approve the proposed authority for Dato' Wira (Dr.) Megat Abdul Rahman Bin Megat Ahmad to continue in office as Independent Non-Executive Chairman.

For Voting

For

Against

319

76

415,059,779

321,484,799

56.3520

43.6480

Accepted

Ordinary Resolution 7 – Tier 1

To approve the proposed authority for Mr. Loo Lean Hock to continue in office as Independent Non-Executive Director.

For Voting

For

Against

46

0

2,480,730,996

0

100.0000

0.0000

Accepted

Ordinary Resolution 7– Tier 2

To approve the proposed authority for Mr. Loo Lean Hock to continue in office as Independent Non-Executive Director.

For Voting

For

Against

326

70

418,102,829

318,721,749

56.7440

43.2560

Accepted

Please refer to the attachment for the details of the poll results.

This announcement is dated 11 June 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' fees and benefits payable to the Independent Non-Executive Directors up to an aggregate amount of RM625,000 for the financial year ending 31 December 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 424 13
No. of Shares 3,184,556,719 32,594,755
% of Voted Shares 98.9870 1.0130
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Dato' Koon Poh Tat who is retiring pursuant to Clause 102 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 354 80
No. of Shares 3,007,887,297 74,796,897
% of Voted Shares 97.5740 2.4260
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mr. Koon Poh Weng who is retiring pursuant to Clause 102 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 359 80
No. of Shares 2,949,878,809 74,796,897
% of Voted Shares 97.5270 2.4730
Result Accepted

4. Ordinary Resolution 4

Description 
To re-appoint Messrs KPMG 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 417 24
No. of Shares 3,211,118,463 6,437,111
% of Voted Shares 99.8800 0.2000
Result Accepted

5. Ordinary Resolution 5

Description 
To approve the proposed authority under Section 76 of the Companies Act 2016 for the Directors to allot and issue shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 424 17
No. of Shares 3,183,770,919 33,784,655
% of Voted Shares 98.9500 1.0500
Result Accepted

6. Ordinary Resolution 6

Description 
To approve the proposed authority for Dato' Wira (Dr.) Megat Abdul Rahman Bin Megat Ahmad to continue in office as Independent Non-Executive Chairman.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 319 76
No. of Shares 415,059,779 321,484,799
% of Voted Shares 56.3520 43.6480
Result Accepted

7. Ordinary Resolution 7

Description 
To approve the proposed authority for Mr. Loo Lean Hock to continue in office as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 326 70
No. of Shares 418,102,829 318,721,749
% of Voted Shares 56.7440 43.2560
Result Accepted

8. Ordinary Resolution 8

Description 
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions and Proposed New Shareholders' Mandate for Additional Recurrent Related Party Transactions for Press Metal Aluminium Holdings Berhad and its subsidiaries ("Proposed Shareholders Mandate").
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 382 10
No. of Shares 735,420,223 10,855
% of Voted Shares 99.9990 0.0010
Result Accepted

9. Ordinary Resolution 9

Description 
Proposed Renewal of Authority for the Company to Purchase its own Ordinary Shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 421 17
No. of Shares 3,182,664,789 33,373,385
% of Voted Shares 98.9620 1.0380
Result Accepted

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