[LIONIND] General Meeting on 26-May-2022

Stock
[LIONIND]: LION INDUSTRIES CORPORATION
Announcement Date
26-Apr-2022
Reference No.
GMA-18042022-00007
Corporate Action ID
MY220418MEET0007
Type
General Meeting
Date & Time
26-May-2022 10:00
Depositor Date
20-May-2022
Venue
Broadcast Venue, Meeting Hall, Level 16, Lion Office Tower,No. 1 Jalan Nagasari,50200 Kuala Lumpur,Wilayah Persekutuan,MY
Description
Notice of the 91st Annual General Meeting of Lion Industries Corporation Berhad to be held virtually from the Broadcast Venue
LICB - Notice of 39th AGM and Administrative Guide.pdf
Outcome
The Board of Directors of Lion Industries Corporation Berhad ("LICB") wishes to announce that all the ordinary resolutions set out in the Notice of the 91st Annual General Meeting of LICB ("91st AGM") were duly passed by the Shareholders by way of poll at the 91st AGM held on 26 May 2022. The results of the poll were duly verified by Commercial Quest Sdn Bhd, the Independent Scrutineers appointed by LICB. 

Details of the results of the poll are set out below.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' fees amounting to RM448,500 for the 18-month financial period ended 31 December 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 247 92
No. of Shares 353,382,879 1,063,154
% of Voted Shares 99.7001 0.2999
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors' benefits of up to RM87,000 for the period commencing after the 91st Annual General Meeting until the next annual general meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 240 98
No. of Shares 353,374,238 1,066,131
% of Voted Shares 99.6992 0.3008
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Y. M. Datuk Seri Utama Raja Nong Chik bin Dato' Raja Zainal Abidin who retires by rotation in accordance with Clause 110 of the Company's Constitution and who being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 250 87
No. of Shares 323,408,490 30,930,909
% of Voted Shares 91.2708 8.7292
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Y. Bhg. Dato' Nik Rahmat bin Nik Taib who retires by rotation in accordance with Clause 110 of the Company's Constitution and who being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 253 87
No. of Shares 323,514,802 30,931,309
% of Voted Shares 91.2733 8.7267
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Ms Yap Soo Har who retires by rotation in accordance with Clause 110 of the Company's Constitution and who being eligible, has offered herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 257 82
No. of Shares 323,515,191 30,929,795
% of Voted Shares 91.2737 8.7263
Result Accepted

6. Ordinary Resolution 6

Description 
To re-appoint Messrs Deloitte PLT as Auditors of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 279 61
No. of Shares 354,378,914 67,197
% of Voted Shares 99.9810 0.0190
Result Accepted

7. Ordinary Resolution 7

Description 
To approve the authority to Directors to issue and allot shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 259 81
No. of Shares 354,350,532 95,579
% of Voted Shares 99.9730 0.0270
Result Accepted

8. Ordinary Resolution 8

Description 
To approve the proposed renewal of shareholders' mandate for recurrent related party transactions.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 255 70
No. of Shares 33,028,880 91,340
% of Voted Shares 99.7242 0.2758
Result Accepted

9. Ordinary Resolution 9

Description 
To approve the proposed renewal of share buy-back authority.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 276 64
No. of Shares 354,423,611 22,500
% of Voted Shares 99.9937 0.0063
Result Accepted

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