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 |
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1. Ordinary Resolution 1 |
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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. |
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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 |
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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. |
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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 |
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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 |
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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 |
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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 |
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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 |
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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. |
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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 |
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Description |
Authority to Issue Shares Pursuant to Section 75 and 76 of the Companies Act 2016. |
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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 |
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Description |
Proposed Renewal of Existing Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature. |
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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 |
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Description |
Proposed New Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature |
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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 |
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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") |
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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 | |