The Board of Directors of Lysaght Galvanized Steel Berhad("the Company") is pleased to announce that all resolutions as set out in the Notice of the Postponed Forty-SecondAnnual General Meeting ("Postponed 42ndAGM") of the Company dated 27 August 2021were duly passed by the shareholders of the Company at the Postponed 42ndAGM held today.
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 results of the poll are set out below.
This announcement is dated 27 September 2021.
Voting Results |
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1. Ordinary Resolution 2 |
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Description |
To approve the payment of Directors Fees of RM432,000/- for the financial year ending 31 December 2021 to the Non-Executive Directors. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 37 | 8 |
No. of Shares | 23,190,408 | 7,875,201 |
% of Voted Shares | 74.6498 | 25.3502 |
Result | Accepted | |
2. Ordinary Resolution 3 |
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Description |
To approve the payment of the meeting allowances up to RM107,000/- for the financial year ending 31 December 2021 to the Non-Executive Directors. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 32 | 13 |
No. of Shares | 23,160,408 | 7,905,201 |
% of Voted Shares | 74.5532 | 25.4468 |
Result | Accepted | |
3. Ordinary Resolution 4 |
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Description |
To re-elect Mr Chong Sai Sin who retire pursuant to Article 23.4 of the Company's Constitution and who has offered himself for re-election. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 40 | 5 |
No. of Shares | 23,192,409 | 7,873,200 |
% of Voted Shares | 74.6562 | 25.3438 |
Result | Accepted | |
4. Ordinary Resolution 5 |
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Description |
To re-elect Ir. Chua Tia Bon who retire pursuant to Article 23.4 of the Company's Constitution and who has offered himself for re-election. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 40 | 5 |
No. of Shares | 23,192,409 | 7,873,200 |
% of Voted Shares | 74.6562 | 25.3438 |
Result | Accepted | |
5. Ordinary Resolution 6 |
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Description |
To re-elect Mr Ee Beng Guan who retire pursuant to Article 23.4 of the Company's Constitution and who has offered himself for re-election. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 40 | 5 |
No. of Shares | 23,192,409 | 7,873,200 |
% of Voted Shares | 74.6562 | 25.3438 |
Result | Accepted | |
6. Ordinary Resolution 7 |
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Description |
To re-appoint Ernst & Young PLT as Auditors of the Company for the financial year ending 31 December 2021 at such remuneration to be determined by the Directors. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 40 | 6 |
No. of Shares | 23,257,009 | 7,879,200 |
% of Voted Shares | 74.6944 | 25.3056 |
Result | Accepted | |