The Board of Directors of Coastal Contracts Bhd. ("Coastal" or "Company") wishes to announce that all the resolutions as set out in the Notice of the Twenty First Annual General Meeting of COASTAL dated 29 October 2021 were duly passed by way of poll at the Twenty First Annual General Meeting held on 16 December 2021. The results of the poll were duly verified by Messrs Tsang & Co., the independent scrutineerappointed by the Company.
This announcement is dated 16 December 2021.
The details of the poll results for Resolution 5are as follows:
Resolution 5 – Tier 1
Description |
To approve the Proposed Retention of Independent Non-Executive Director |
|
Shareholders' Action |
For Voting |
|
Voted |
For |
Against |
No. of Shareholders |
2 |
0 |
No. of Shares |
162,148,526 |
0 |
% of Voted Shares |
100 |
0 |
Result |
Accepted |
Resolution 5 – Tier 2
Description |
To approve the Proposed Retentionof Independent Non-Executive Director |
|
Shareholders' Action |
For Voting |
|
Voted |
For |
Against |
No. of Shareholders |
18 |
1 |
No. of Shares |
155,821,780 |
42,800 |
% of Voted Shares |
99.97 |
0.03 |
Result |
Accepted |
Voting Results |
||
1. 1 |
||
Description |
To approve the payment of fees and benefits to Non-Executive Directors, of up to but not exceeding the amount of RM150,000 for the period from 17 December 2021 until the next Annual General Meeting of the Company. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 21 | 0 |
No. of Shares | 318,013,106 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
2. 2 |
||
Description |
To re-elect Tuan Hj. Ir. Intizam Bin Ayub retiring pursuant to Clause No. 100 of the Company's Constitution and being eligible, offers himself for re-election. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 20 | 1 |
No. of Shares | 317,970,306 | 42,800 |
% of Voted Shares | 99.9900 | 0.0100 |
Result | Accepted | |
3. 3 |
||
Description |
To re-elect Mr Ng Chin Shin retiring pursuant to Clause No. 100 of the Company's Constitution and being eligible, offers himself for re-election. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 20 | 1 |
No. of Shares | 317,970,306 | 42,800 |
% of Voted Shares | 99.9900 | 0.0100 |
Result | Accepted | |
4. 4 |
||
Description |
To re-appoint Messrs Crowe Malaysia PLT as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Directors to fix their remuneration. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 21 | 0 |
No. of Shares | 318,013,106 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
5. 5 |
||
Description |
To approve the Proposed Retention of Independent Non-Executive Director. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 20 | 1 |
No. of Shares | 317,970,306 | 42,800 |
% of Voted Shares | 99.9900 | 0.0100 |
Result | Accepted | |
6. 6 |
||
Description |
To approve the Authority to issue shares pursuant to the Companies Act 2016. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 21 | 0 |
No. of Shares | 318,013,106 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
7. 7 |
||
Description |
To approve the Proposed Renewal of Share Buy-Back Authority. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 21 | 0 |
No. of Shares | 318,013,106 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |