[VELESTO] General Meeting on 28-Jun-2022

Stock
[VELESTO]: VELESTO ENERGY BERHAD
Announcement Date
28-Apr-2022
Reference No.
GMA-28042022-00006
Corporate Action ID
MY220428MEET0006
Type
General Meeting
Date & Time
28-Jun-2022 14:00
Depositor Date
21-Jun-2022
Venue
Broadcast Venue at Kristal Hall 1,TM Convention Centre, Menara TM,Jalan Pantai Baharu,50672 Kuala Lumpur,MY
Description
Notice of 12th Annual General Meeting (AGM):- The AGM will be conducted virtually through Remote Participation and Voting facilities via Securities Services ePortal's platform at https://sshsb.net.my
Velesto Energy Berhad - 12th AGM Notice.pdf
Outcome

The Board of Directors of Velesto Energy Berhad ("the Company") wishes to announce that all resolutions set out in the Notice of the 12th Annual General Meeting ("12th AGM") dated 29 April2022were duly passed by the shareholders of the Companyat the 12th AGM held on 28 June 2022.

The Audited Financial Statements of the Company for the financial year ended 31 December 2021and the Reports of the Directors and Auditors thereon were received and duly tabled at the 12thAGM under Agenda 1.

All the resolutions were voted by pollin accordance with Paragraph 8.29A of the Main Market Listing Requirements ofBursa Malaysia Securities Berhadand the results of the poll were validated by Commercial QuestSdn. Bhd., the independent scrutineers appointed by the Company.

This announcement is dated 28 June 2022.

Voting Results

1. Ordinary Resolution 1

Description 
To re-elect Datuk Tong Poh Keow, whom retires in accordance with Article 96 of the Company's Constitution and being eligible, offers herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 559 89
No. of Shares 5,250,259,124 252,255
% of Voted Shares 99.9952 0.0048
Result Accepted

2. Ordinary resolution 2

Description 
To re-elect Ir. Dr. Mohd Shahreen Zainooreen Madros, whom retires in accordance with Article 103 of the Company's Constitution and being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 556 91
No. of Shares 5,250,195,316 304,063
% of Voted Shares 99.9942 0.0058
Result Accepted

3. Ordinary resolution 3

Description 
To re-elect Mohd Irwan Ahmad Mustafa, whom retires in accordance with Article 103 of the Company's Constitution and being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 551 96
No. of Shares 5,247,181,210 3,296,370
% of Voted Shares 99.9372 0.0628
Result Accepted

4. Ordinary resolution 4

Description 
To re-elect Datuk George Ling Kien Sing, whom retires in accordance with Article 103 of the Company's Constitution and being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 559 87
No. of Shares 5,250,281,624 195,853
% of Voted Shares 99.9963 0.0037
Result Accepted

5. Ordinary resolution 5

Description 
To re-elect Megat Zariman Abdul Rahim, whom retires in accordance with Article 103 of the Company's Constitution and being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 553 94
No. of Shares 5,250,196,198 281,382
% of Voted Shares 99.9946 0.0054
Result Accepted

6. Ordinary resolution 6

Description 
To approve the payment of fees to the Non-Executive Chairman and Non-Executive Directors with effect from this 12th AGM until the next AGM of the Company to be held in year 2023.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 489 147
No. of Shares 5,249,220,720 1,150,960
% of Voted Shares 99.9781 0.0219
Result Accepted

7. Ordinary resolution 7

Description 
To approve the benefits payable to the Non-Executive Chairman and Non-Executive Directors comprise of allowances, benefits-in-kind and other emoluments payable to them, from the 12th AGM to the next AGM of the Company in 2023.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 478 158
No. of Shares 5,249,079,996 1,291,684
% of Voted Shares 99.9754 0.0246
Result Accepted

8. Ordinary resolution 8

Description 
To re-appoint Messrs. Ernst & Young PLT as Auditors of the Company for the financial year ending 31 December 2022 and to authorise the Board of Directors to determine their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 578 70
No. of Shares 5,250,239,923 256,557
% of Voted Shares 99.9951 0.0049
Result Accepted

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