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Protasco Bhd AGM up to 99.97% attending shareholders voted for all resolutions. Who voted? - BizT

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Publish date: Fri, 26 May 2017, 09:37 AM
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26 May 2017, Kajang, Selangor, Malaysia - Construction company Protasco Bhd Yesterday announced the cirectors of the company declared the poll results of the resolutions as set out in the Notice of the Sixteenth Annual General Meeting dated 28 April 2017 held Yesterday at The Function Room, 9th Floor, De Centrum Tower @ De Centrum City, Jalan Ikram-Uniten, 43000 Kajang, Selangor Darul Ehsan, with all resolution voted for and passed.

Close to 104million shares, represent 24.4% of total shares issued, voted range from 95% to almost 100% for all the resolutions. Resolution 1 on approving the payment of Directors’ fees and benefits saw almost 99.97%, or 104mil shares rush to vote for the resolution. Managing Director Chong Ket Pen held directly and indirectly over 101million shares as of last declared to Bursa Malaysia.

Despite higher revenue and lower net profits, Protasco share closed lower at RM0.995 at Bursa Malaysia.

BizT

 

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5438517

GENERAL MEETINGS: Outcome of Meeting

PROTASCO BERHAD

 

Type of Meeting Annual General Meeting
Indicator Outcome of Meeting
Date of Meeting 25 May 2017
Time 11:00 AM
Venue 
The Function Room, 9th Floor, De Centrum Tower @ De Centrum City, Jalan Ikram-Uniten, 43000 Kajang, Selangor Darul Ehsan
Outcome of Meeting

The Directors of Protasco Berhad wish to announce the poll results of the resolutions as set out in the Notice of the Sixteenth Annual General Meeting dated 28 April 2017 held this morning as follows:

 

Vote For

Vote Against

Total Votes

Result

 

No. of Units

%

No. of Units

%

 

 

Resolution 1 on approving the payment of Directors’ fees and benefits.

 104,392,080 99.9711 30,142 0.0289 104,422,222 Carried

Resolution 2 on re-election of Dato’ Sri Ir Chong Ket Pen as Director of the Company

 95,641,555 99.2476 725,042 0.7524 96,366,597 Carried

Resolution 3 on re-election of Dato’ Sri Su-Azian  @ Muzaffar  Syah Bin Abd Rahman as Director of the Company

 95,635,555 99.2614 711,642 0.7386 96,347,197 Carried

Resolution 4 on re-election of Mr. Lim Yew Ting as Director of the Company

90,908,930

94.3556

5,438,267

5.6444

96,347,197

Carried

Resolution 5 on re-appointment of Tan Sri Datuk Dr Hadenan Bin A Jalil as Director of the Company

96,324,055

99.9760

23,142

0.0240

96,347,197

Carried

Resolution 6 on appointment of Messrs Crowe Horwath as auditors of the Company and authorise the Directors to determine their remuneration.

 104,378,680 99.9769 24,142 0.0231 104,402,822 Carried

Resolution 7 on authority to allot shares

 102,372,955 98.0375 2,049,267 1.9625 104,422,222 Carried

Resolution 8 on Proposed Renewal of Share Buy-Back Authority

 104,405,080 99.9836 17,142 0.0164 104,422,222 Carried

Quantegic Services Sdn. Bhd. is the scrutineer for the counting of votes of this meeting.



 

Announcement Info

Company Name PROTASCO BERHAD
Stock Name  PRTASCO
Date Announced 25 May 2017
Category General Meeting
Reference Number GMA-23052017-00006

 

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