The Board of Directors of Systech Berhad ("Systech" or "the Company") wishes to announce that all theresolutions set out in the Notice of the Tenth Annual General Meeting ("10th AGM") of the Company dated 30 July 2020 were duly passed at the 10th AGM of the Company, except for Resolution 7 which were withdrawn.
In this respect,Mr. Terence Selvarajah A/L Peter Selvarajah had expressed his intension not to continue in office. At the close of the 10th AGM of the Company,Mr. Terence Selvarajah A/L Peter Selvarajah retired from office as Independent Non-Executive Director of the Company.
All the resolutions were voted by poll and the results of the poll were validated by Ferrier Hodgson Mh Sdn Bhd, the Independent Scrutineer appointed by the Company.
Please refer to below for details of the poll results.
This announcement is dated 28 August 2020.
Voting Results |
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1. Resolution 1 |
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Description |
To approve the declaration and payment of a single tier final dividend of 0.2 sen per ordinary share in respect of the financial year ended 31 March 2020. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 45 | 2 |
No. of Shares | 183,568,671 | 150 |
% of Voted Shares | 99.9999 | 0.0001 |
Result | Accepted | |
2. Resolution 2 |
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Description |
To approve the payment of Directors fees and allowances to the Non-Executive Directors of up to RM120,000 with effect from 28 August 2020 until the next Annual General Meeting (AGM) of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 47 | 0 |
No. of Shares | 183,568,821 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
3. Resolution 3 |
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Description |
To re-elect Mr. Tan Hock Ann who are retiring under Article 97 of the Company's Constitution |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 45 | 1 |
No. of Shares | 183,568,671 | 50 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
4. Resolution 4 |
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Description |
To re-elect Mr. Chuar Sew Tin who are retiring under Article 97 of the Company's Constitution |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 46 | 1 |
No. of Shares | 183,568,771 | 50 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
5. Resolution 5 |
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Description |
To re-appoint Messrs. T. H. Kuan & Co. as the Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 45 | 1 |
No. of Shares | 183,568,671 | 50 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
6. Resolution 6 |
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Description |
Retention of Mr. Robert Koong Yin Leong as an Independent Non-Executive Director |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 45 | 2 |
No. of Shares | 183,568,671 | 150 |
% of Voted Shares | 99.9999 | 0.0001 |
Result | Accepted | |
7. Resolution 7 |
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Description |
Retention of Mr. Terence Selvarajah A/L Peter Selvarajah as an Independent Non-Executive Director |
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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 | |
8. Resolution 8 |
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Description |
Authority to allot and issue shares pursuant to the Companies Act, 2016 |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 46 | 1 |
No. of Shares | 183,568,771 | 50 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
9. Resolution 9 |
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Description |
Authority for the Company to purchase its own ordinary shares of up to 10% of its issued share capital |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 46 | 1 |
No. of Shares | 183,568,771 | 50 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
2024-09-26
2024-09-23