[NPC] General Meeting on 27-Jun-2022

Stock
[NPC]: NPC RESOURCES BHD
Announcement Date
28-Apr-2022
Reference No.
GMA-26042022-00046
Corporate Action ID
MY220426MEET0046
Type
General Meeting
Date & Time
27-Jun-2022 10:00
Depositor Date
20-Jun-2022
Venue
Conference Room, 6th Floor,,The Palace Hotel, No. 1, Jalan Tangki,,Karamunsing,,88100 Kota Kinabalu, Sabah,MY
Description
NPC RESOURCES BERHAD Notice of the Twenty Second Annual General Meeting
NPC Notice of 22 AGM.pdf
Outcome

On behalf of the Board of Directors of NPC Resources Berhad ("the Company"), we wish to announce that all the resolutions set out in the Notice of the Twenty Second Annual General Meeting of the Company held on 27 June 2022 were duly passed by way of poll. The result of the poll were duly verified by Ms Jovena Lo Zipingof Messrs Jayasuriya Kah & Co., the independent scrutineer appointed by the Company.

Voting Results

1. Resolution 1

Description 
To re-elect Dato' Loo Pang Kee retiring in accordance with Clause 100 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 26 0
No. of Shares 32,524,206 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Resolution 2

Description 
To re-elect Tan Sri Dato' Sri Koh Kin Lip, JP retiring in accordance with Clause 100 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 22 0
No. of Shares 63,655,518 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Resolution 3

Description 
To approve the payment of Directors' fees of RM50,000 for the financial year ended 31 December 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 10 0
No. of Shares 1,004 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. Resolution 4

Description 
To approve the payment of allowances of up to but not exceeding RM500,000 to Non-Executive Directors with effect from 28 June 2022 until the next Annual General Meeting.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 0
No. of Shares 63,051,518 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Resolution 5

Description 
To re-appoint Messrs Crowe Malaysia 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 31 0
No. of Shares 86,326,212 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Resolution 6

Description 
Proposed retention of Mr Lim Ted Hing as an Independent Non-Executive Director.
Tier 1
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 5 0
No. of Shares 53,802,006 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Resolution 6

Description 
Proposed retention of Mr Lim Ted Hing as an Independent Non-Executive Director.
Tier 2
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 0
No. of Shares 31,920,206 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Resolution 7

Description 
Authority to issue shares pursuant to Section 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 31 0
No. of Shares 86,326,212 0
% of Voted Shares 100.0000 0.0000
Result Accepted

9. Resolution 8

Description 
Proposed Renewal of The Existing Shareholders' Mandate For Recurrent Related Party Transactions Of A Revenue Or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 11 0
No. of Shares 605,004 0
% of Voted Shares 100.0000 0.0000
Result Accepted

10. Resolution 9

Description 
Proposed Renewal Of Authority For the Company To Purchase Its Own Shares Of Up To Ten Percent (10%) Of Its Total Number Of Issued Shares In The Ordinary Share Capital Of The Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 31 0
No. of Shares 86,326,212 0
% of Voted Shares 100.0000 0.0000
Result Accepted

Remark
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Market Buzz

2024-05-13

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NPC RESOURCES BHD buyback 161,000 shares from 1.949 to 1.949 on 13-May-2024.

2024-05-08

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NPC RESOURCES BHD buyback 200 shares from 1.880 to 1.880 on 08-May-2024.

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