[SAM] General on 02-Sep-2020

Stock
[SAM]: SAM ENGINEERING & EQUIPMENT
Announcement Date
29-Jul-2020
Type
General
Date & Time
02-Sep-2020 10:00
Depositor Date
24-Aug-2020
Venue
Gallery 1, Level 3, New World Petaling Jaya Hotel, Paradigm, 1, Jalan SS7/26A, Kelana Jaya, 47301 Petaling Jaya, Selangor
Description
SAM Engineering & Equipment (M) Berhad - Twenty-Sixth Annual General Meeting ("26th AGM")
SAM - Notice of 26th AGM.pdf
Outcome

The Board of Directors of SAM Engineering & Equipment (M) Berhad ("SAMEE" or "Company") is pleased to announce that all the resolutions as set out in the notice of Twenty-Sixth Annual General Meeting ("26th AGM") of SAMEE dated 30 July2020were duly passed at SAMEE's 26th AGM held on Wednesday, 2September 2020 except for Ordinary Resolution No. 10in relation to the retention of Dato' Sri Lee Tuck Fook as an Independent Non-Executive Directorof the Company which has been withdrawn following the resignation of Dato' Sri Lee Tuck Fook as announced on 27 August 2020.

All resolutions were voted by poll and the results of the poll were validated by Commercial Quest Sdn. Bhd., the scrutineers appointed by SAMEE.

The details of the poll results for Resolutions No. 9 and 11 which were voted through two-tier voting process are as follows:-

Resolution

Description

Shareholders Action

Results

Voted

No. of Shareholders

No. of Shares

% of Voted Shares

Ordinary Resolution 9

(Tier 1)

Mandate to retain Dato' Seri Wong Siew Hai, who has served as an Independent Non-Executive Director of the Company for a cumulative term of more than twelve (12) years, to continue to act as an Independent Non-Executive Director of the Company.

For Voting

For

1

96,867,526

100.0000

Accepted

Against

0

0

0.0000

Ordinary Resolution 9

(Tier 2)

Mandate to retain Dato' Seri Wong Siew Hai, who has served as an Independent Non-Executive Director of the Company for a cumulative term of more than twelve (12) years, to continue to act as an Independent Non-Executive Director of the Company.

For Voting

For

69

8,172,281

99.9963

Accepted

Against

2

300

0.0037

Ordinary Resolution 11

(Tier 1)

Mandate to retain Mr. Lee Hock Chye, who has served as an Independent Non-Executive Director of the Company for a cumulative term of more than twelve (12) years, to continue to act as an Independent Non-Executive Director of the Company.

For Voting

For

1

96,867,526

100.0000

Accepted

Against

0

0

0.0000

Ordinary Resolution 11

(Tier 2)

Mandate to retain Mr. Lee Hock Chye, who has served as an Independent Non-Executive Director of the Company for a cumulative term of more than twelve (12) years, to continue to act as an Independent Non-Executive Director of the Company.

For Voting

For

68

8,162,281

99.9963

Accepted

Against

2

300

0.0037

This announcement is dated 2 September 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To re-elect Datuk Dr. Wong Lai Sum who retires by rotation pursuant to Regulation 95 of the Company's Constitution and being eligible, offers herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 76 2
No. of Shares 106,541,907 11,200
% of Voted Shares 99.9895 0.0105
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect YM Tunku Afwida Binti Dato' Tunku Abdul Malek who retires in accordance with Regulation 102 of the Company's Constitution and being eligible, offered herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 75 2
No. of Shares 106,539,907 11,200
% of Voted Shares 99.9895 0.0105
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Suresh Natarajan who retires in accordance with Regulation 102 of the Company's Constitution and being eligible, offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 75 2
No. of Shares 106,539,907 11,200
% of Voted Shares 99.9895 0.0105
Result Accepted

4. Ordinary Resolution 4

Description 
To approve the payment of Directors fee, payable to each Director, as applicable, for the period from 3 September 2020 until the next AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 74 1
No. of Shares 106,538,907 200
% of Voted Shares 99.9998 0.0002
Result Accepted

5. Ordinary Resolution 5

Description 
To approve the payment of the benefits to Directors, payable to each Director, as applicable, for the period from 3 September 2020 until next AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 73 2
No. of Shares 106,538,842 300
% of Voted Shares 99.9997 0.0003
Result Accepted

6. Ordinary Resolution 6

Description 
To re-appoint Messrs. KPMG PLT as Auditors of the Company, to hold office until the 
 conclusion of the next AGM, at a remuneration to be determined by the Directors.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 75 1
No. of Shares 106,540,907 200
% of Voted Shares 99.9998 0.0002
Result Accepted

7. Ordinary Resolution 7

Description 
Authority to issue and allot shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 75 1
No. of Shares 106,541,007 100
% of Voted Shares 99.9999 0.0001
Result Accepted

8. Ordinary Resolution 8

Description 
Proposed Renewal of Existing Shareholders' Mandate for Recurrent Related Party Transactions (RRPT).
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 72 0
No. of Shares 8,425,039 0
% of Voted Shares 100.0000 0.0000
Result Accepted

9. Ordinary Resolution 9

Description 
Mandate to retain Dato' Seri Wong Siew Hai, who has served as an Independent Non-Executive Director of the Company for a cumulative term of more than twelve (12) years, to continue to act as an Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 70 2
No. of Shares 105,039,807 300
% of Voted Shares 99.9997 0.0003
Result Accepted

10. Ordinary Resolution 10

Description 
Mandate to retain Dato Sri Lee Tuck Fook, who has served as an Independent Non-Executive Director of the Company for a cumulative term of more than twelve (12) years, to continue to act as an Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 0 0
No. of Shares 0 0
% of Voted Shares 0.0000 0.0000
Result Withdrawn/ Postponed

11. Ordinary Resolution 11

Description 
Mandate to retain Mr. Lee Hock Chye, who has served as an Independent Non-Executive Director of the Company for a cumulative term of more than twelve (12) years, to continue to act as an Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 69 2
No. of Shares 105,029,807 300
% of Voted Shares 99.9997 0.0003
Result Accepted

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