The Board of Directors of Teo Guan Lee Corporation Berhad ("the Company") is pleased to announce that all the Ordinary Resolutions as set outin the notice ofthe Postponed Twenty-SeventhAnnual General Meeting ("27th AGM") dated 7December2020were duly passed by way of poll at the Postponed 27th AGM of the Company held earlier today.
The results of the poll were validated by Messrs. KFF, the independent scrutineer appointed by the Company.
Please refer belowfor the outcome of the Postponed 27th AGM of the Company.
This announcement is dated 21December 2020.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
Re-election of Mr Lee Kean Cheong as Director under the provision of Clause 76(3) of the Company's Constitution |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 17 | 0 |
No. of Shares | 31,393,721 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
Re-election of Dato' (Dr) Mustapha Bin Abdul Hamid as Director under the provision of Clause 76(3) of the Company's Constitution |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 17 | 0 |
No. of Shares | 31,393,721 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
3. Ordinary Resolution 3 |
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Description |
Re-appointment of Messrs Peter Chong & Co. as Auditors of the Company and to authorise the Board of Directors to fix their remuneration |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 17 | 0 |
No. of Shares | 31,393,721 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
4. Ordinary Resolution 4 |
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Description |
Approval of Directors' fees of RM45,000 for financial year ending 30 June 2021 |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 17 | 0 |
No. of Shares | 31,393,721 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
5. Ordinary Resolution 5 |
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Description |
Approval of Directors' benefits up to an amount of RM15,000 from 22 December 2020 until the next Annual General Meeting |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 17 | 0 |
No. of Shares | 31,393,721 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
6. Ordinary Resolution 6 (FIRST TIER) |
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Description |
Continuing in office as Independent Non-Executive Director for Dato' (Dr) Mustapha Bin Abdul Hamid |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 6 | 0 |
No. of Shares | 28,188,561 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
7. Ordinary Resolution 6 (SECOND TIER) |
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Description |
Continuing in office as Independent Non-Executive Director for Dato' (Dr) Mustapha Bin Abdul Hamid |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 11 | 0 |
No. of Shares | 3,205,160 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
8. Ordinary Resolution 7 (FIRST TIER) |
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Description |
Continuing in office as Independent Non-Executive Director for Mr Lee Kean Cheong |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 6 | 0 |
No. of Shares | 28,188,561 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
9. Ordinary Resolution 7 (SECOND TIER) |
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Description |
Continuing in office as Independent Non-Executive Director for Mr Lee Kean Cheong |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 11 | 0 |
No. of Shares | 3,205,160 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
10. Ordinary Resolution 8 |
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Description |
Renewal of shareholders' mandate for recurrent related party transactions of a revenue or trading nature |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 9 | 0 |
No. of Shares | 1,396,560 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
11. Ordinary Resolution 9 |
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Description |
Approval for issuance of new ordinary shares pursuant to Sections 75 and 76 of the Companies Act 2016 |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 17 | 0 |
No. of Shares | 31,393,721 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |