[GADANG] General on 11-Nov-2020

Stock
[GADANG]: GADANG HOLDINGS BHD
Announcement Date
27-Oct-2020
Type
General
Date & Time
11-Nov-2020 10:00
Depositor Date
04-Nov-2020
Venue
Broadcast Venue: Tricor Business Centre Manuka 2 & 3 Meeting Room, Unit 29-01, Level 29, Tower A Vertical Business Suite, Avenue 3 Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur
Description
In view of the Covid-19 outbreak and as part of the safety measures, the 27th AGM will be conducted fully virtual at the Broadcast Venue via live streaming and online remote voting. The date & time of the 27th AGM remain unchanged.
Gadang-Notification to Shhs and Amended Administrative Notes.pdf
Outcome

We wish to announce that all resolutions as set out in the Notice of 27th Annual General Meeting ("AGM") of Gadang Holdings Berhad ("the Company") dated 29 September 2020were duly passed by way of poll at the 27th AGM held on 11 November 2020. The results of the poll were duly verified by Coopers Professional Scrutineers Sdn Bhd, the Independent Scrutineer appointed by the Company.

This announcement is dated 11 November 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of a first and final dividend of 1.0 sen per share in respect of the financial year ended 31 May 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 179 8
No. of Shares 246,831,482 34,052
% of Voted Shares 99.9862 0.0138
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors' fees of up to RM300,000 for the financial year ending 31 May 2021, to be made payable quarterly.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 154 30
No. of Shares 244,517,750 190,584
% of Voted Shares 99.9221 0.0779
Result Accepted

3. Ordinary Resolution 3

Description 
To approve the payment of benefits payable to the Non-Executive Directors of the Company up to an amount of RM150,000 from 12 November 2020 until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 154 30
No. of Shares 244,518,650 189,684
% of Voted Shares 99.9225 0.0775
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Mr Boey Tak Kong who retires pursuant to Clause 108 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 161 24
No. of Shares 243,837,400 119,734
% of Voted Shares 99.9509 0.0491
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Ms Kok Pei Ling who retires pursuant to Clause 108 of the Company's Constitution and being eligible, has offered herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 168 18
No. of Shares 245,480,632 80,502
% of Voted Shares 99.9672 0.0328
Result Accepted

6. Ordinary Resolution 6

Description 
To re-appoint Crowe Malaysia PLT as Auditors of the Company for the financial year ending 31 May 2021 and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 169 18
No. of Shares 246,698,282 167,252
% of Voted Shares 99.9322 0.0678
Result Accepted

7. Ordinary Resolution 7

Description 
To grant the Directors the authority to issue shares pursuant to Sections 75 and 76 of the Companies Act, 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 162 25
No. of Shares 246,736,150 129,384
% of Voted Shares 99.9476 0.0524
Result Accepted

8. Ordinary Resolution 8

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 20
No. of Shares 53,388,997 93,984
% of Voted Shares 99.8243 0.1757
Result Accepted

9. Ordinary Resolution 9 (Tier 1)

Description 
To retain Mr Boey Tak Kong as Independent Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 5 0
No. of Shares 192,909,753 0
% of Voted Shares 100.0000 0.0000
Result Accepted

10. Ordinary Resolution 9 (Tier 2)

Description 
To retain Mr Boey Tak Kong as Independent Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 156 24
No. of Shares 50,933,797 113,584
% of Voted Shares 99.7775 0.2225
Result Accepted

Remark
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