[MAGNUM] General Meeting on 20-May-2022

Stock
[MAGNUM]: MAGNUM BERHAD
Announcement Date
20-Apr-2022
Reference No.
GMA-15042022-00011
Corporate Action ID
MY220415MEET0011
Type
General Meeting
Date & Time
20-May-2022 09:30
Depositor Date
06-May-2022
Venue
BROADCAST VENUE at Meeting room, 35th Floor, Menara Multi-Purpose,Capital Square,No. 8 Jalan Munshi Abdullah,50100 Kuala Lumpur,MY
Description
NOTICE OF 46TH ANNUAL GENERAL MEETING ("AGM") OF MAGNUM BERHAD The 46th AGM of the Company will be held as a virtual meeting via live streaming and online remote voting from the Broadcast Venue.
MAGNUM Notice of 46th Annual General Meeting.pdf
Outcome

The Board of Directors of Magnum Berhad ("Magnum" or "the Company") is pleased to announce that all 8 resolutions comprising 7 ordinary resolutions and 1 special resolution, asset out in the Notice of the 46th Annual General Meeting ("46th AGM") dated 21April 2022,were duly passed by the shareholders of Magnum at the 46th AGM of Magnum conducted virtuallyvia online remote participation and voting on Friday, 20May 2022, at 9:30 a.m. at the Broadcast Venue.

The Audited Financial Statements of Magnumfor the financial year ended 31 December 2021together withthe Reports of the Directors and Auditors thereon were received and duly tabled at the 46thAGM under Agenda 1.

Allthe resolutions were voted by poll and the results of the poll were validated by Symphony Corporate Services Sdn. Bhd., the independent scrutineers appointed by Magnum.

Please refer to the attachment for the detailed poll results.

Thisannouncement is dated 20May 2022.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' fees totalling RM285,000 to the Non-Executive Directors in respect of the year ended 31 December 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 118 45
No. of Shares 620,672,959 248,349
% of Voted Shares 99.9600 0.0400
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of the Directors remuneration (excluding Directors fees) to the Non-Executive Directors of up to an amount of RM100,000 for the period from 20 May 2022 until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 117 47
No. of Shares 620,675,847 246,583
% of Voted Shares 99.9603 0.0397
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect the Director, Dato' Lawrence Lim Swee Lin, who is retiring by rotation in accordance with Clause 90 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 139 29
No. of Shares 599,986,453 31,157,091
% of Voted Shares 95.0634 4.9366
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect the Director, Krian Upatkoon, who is retiring by rotation in accordance with Clause 90 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 137 31
No. of Shares 618,073,989 13,069,555
% of Voted Shares 97.9292 2.0708
Result Accepted

5. Ordinary Resolution 5

Description 
To re-appoint Ernst & Young PLT as Auditors of the Company for the financial year ending 31 December 2022 and to authorise the Board of Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 148 19
No. of Shares 631,042,499 101,045
% of Voted Shares 99.9840 0.0160
Result Accepted

6. Ordinary Resolution 6

Description 
Proposed Renewal Of The Authority To Allot Shares Pursuant To Sections 75 And 76 Of The Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 134 32
No. of Shares 630,878,239 264,194
% of Voted Shares 99.9581 0.0419
Result Accepted

7. Ordinary Resolution 7

Description 
Proposed Renewal Of The Authority For The Company to Purchase Its Own Shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 141 25
No. of Shares 630,987,187 135,335
% of Voted Shares 99.9786 0.0214
Result Accepted

8. Special Resolution 8

Description 
Proposed Amendments To The Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 136 27
No. of Shares 630,969,310 136,167
% of Voted Shares 99.9784 0.0216
Result Accepted

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