[STRAITS] General Meeting on 23-Jun-2022

Announcement Date
20-May-2022
Reference No.
GMA-20052022-00015
Corporate Action ID
MY220428MEET0106
Type
General Meeting
Date & Time
23-Jun-2022 10:00
Depositor Date
16-Jun-2022
Venue
Online Meeting Platform via TIIH Online,at https://tiih.online as provided by,Tricor Investor & Issuing House Services Sdn. Bhd.,MY
Description
This notice is an additional resolution (special resolution) under Special Business at the 25th AGM to be held on 23 June 2022 at 10.00 a.m and is a supplementary notice to the Notice of 25th AGM dated 29 April 2022.
Straits-Notice of Additional Resolution.pdf
Outcome

The Board of Directors of Straits Energy Resources Berhad (formerly known as Straits Inter Logistics Berhad) ["Straits" or "the Company”]wishes toannouncethat the Audited Financial Statements for the financial year ended 31 December 2021and the Reports of the Directors and Auditors thereon were duly tabled and receivedat the 25thAnnual General Meeting (“AGM”) of the Company held today under Agenda 1 as set out in the Notice of the 25th AGM dated 29 April 2022.


The Boardalsowishes to announce that all the resolutionsas set out in the Notice of the 25thAGM dated 29 April 2022 and Notice of Additional Resolution dated 23 May 2022 have beenpassed by the shareholders at the 25th AGM held today.

The voting in respect of all the resolutions were carried out by way of poll and the results were validated by Asia Securities Sdn. Berhad, the independent scrutineer appointed by the Company.

Please refer to the attachment for the results of the poll as validated by the independent scrutineer.

This announcement is dated 23 June 2022.

Voting Results


1. Ordinary Resolution 1

Description
To re-elect Ho Fook Meng as Director of the Company who retire in accordance with Clause 21.6 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 362 40
No. of Shares 398,337,640 82,564
% of Voted Shares 99.9793 0.0207
Result Accepted

2. Ordinary Resolution 2

Description
To re-elect Harison Binti Yusoff as Director of the Company who retire in accordance with Clause 21.6 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 362 40
No. of Shares 402,337,441 72,763
% of Voted Shares 99.9819 0.0181
Result Accepted

3. Ordinary Resolution 3

Description
To approve the payment of Directors Fee up to an amount of RM486,000.00 for the period from 1 July 2022 until 30 June 2023
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 332 68
No. of Shares 397,137,127 1,254,877
% of Voted Shares 99.6850 0.3150
Result Accepted

4. Ordinary Resolution 4

Description
To approve the payment of Directors Benefits to the Non-Executive Directors up to an amount of RM216,000.00 for the period from 1 July 2022 until 30 June 2023
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 330 69
No. of Shares 397,134,126 1,257,877
% of Voted Shares 99.6843 0.3157
Result Accepted

5. Ordinary Resolution 5

Description
To re-appoint Messrs. Moore Stephens Associates PLT as Auditors of the Company for the financial year ended 31 December 2022 and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 365 37
No. of Shares 402,360,640 71,563
% of Voted Shares 99.9822 0.0178
Result Accepted

6. Ordinary Resolution 6

Description
Authority to Issue Shares Pursuant to Section 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 360 42
No. of Shares 401,671,203 789,000
% of Voted Shares 99.8040 0.1960
Result Accepted

7. Ordinary Resolution 7

Description
Proposed Renewal of 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 361 39
No. of Shares 341,751,604 750,162
% of Voted Shares 99.7810 0.2190
Result Accepted

8. Ordinary Resolution 8

Description
Proposed New Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 361 40
No. of Shares 364,881,305 760,361
% of Voted Shares 99.7920 0.2080
Result Accepted

9. Special Resolution

Description
Proposed Consolidation of every 2 existing Ordinary Shares in Straits ("Straits Share(s)" or "Share(s)") into 1 Straits Share ("Consolidated Share(s)") ("Proposed Share Consolidation")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 306 65
No. of Shares 400,519,263 1,371,712
% of Voted Shares 99.6587 0.3413
Result Accepted

Remark
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