[SUCCESS] General Meeting on 06-Dec-2022

Stock
[SUCCESS]: SUCCESS TRANSFORMER CORP BHD
Announcement Date
27-Oct-2022
Reference No.
GMA-26102022-00010
Corporate Action ID
MY221026MEET0010
Type
General Meeting
Date & Time
06-Dec-2022 11:00
Depositor Date
30-Nov-2022
Venue
Broadcast Venue at the Conference Room of the Company,,No. 5, Jalan TSB 8, Taman Industri Sungai Buloh,,47000 Sungai Buloh,,Selangor Darul Ehsan,,MY
Description
Success Transformer Corporation Berhad - Notice of Eighteenth Annual General Meeting ("18th AGM") The 18th AGM will be conducted on a virtual basis through live streaming from the broadcast venue via remote participation and voting facilities.
STC - Notice of 18th AGM.pdf
Outcome

The Board of Directors of Success Transformer CorporationBerhad ("the Company") is pleased to announce that at the Eighteenth Annual General Meeting ("18thAGM") of the Company held today, all the resolutions as set out in the Notice of the 18th AGM, dated 28October 2022, were duly passed by the shareholders of the Company.

The voting in respect of the resolutions were carried out by way of a poll and the results of the poll were validated by Scrutineer Solutions Sdn. Bhd., the Independent Scrutineer appointed by the Company.

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

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' fees amounting to RM285,000/- for the financial year ending 30 June 2023 payable monthly in arrears after each month of completed service of the Directors during the subject financial year.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 90 14
No. of Shares 130,287,606 21,514
% of Voted Shares 99.9835 0.0165
Result Accepted

2. Ordinary Resolution 2

Description 
To approve an amount up to RM15,000/- as benefits payable to Non-Executive Directors of the Company for the period from 7 December 2022 to the Nineteenth Annual General Meeting of the Company to be held in year 2023 pursuant to Section 230(1)(b) of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 89 15
No. of Shares 130,285,606 23,514
% of Voted Shares 99.9820 0.0180
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Ms. Chan Foong Ping who is retiring in accordance with Clause 90 of the Company's Constitution and being eligible, has offered herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 96 9
No. of Shares 131,598,208 3,012
% of Voted Shares 99.9977 0.0023
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Dato' Yeoh Kim Wah who is retiring in accordance with Clause 90 of the Company's Constitution and being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 90 14
No. of Shares 111,458,008 18,851,112
% of Voted Shares 85.5335 14.4665
Result Accepted

5. Ordinary Resolution 5

Description 
To re-appoint Messrs. Crowe Malaysia PLT as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 97 8
No. of Shares 131,599,208 2,012
% of Voted Shares 99.9985 0.0015
Result Accepted

6. Ordinary Resolution 6

Description 
Authority to issue shares pursuant to the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 93 12
No. of Shares 126,891,880 4,709,340
% of Voted Shares 96.4215 3.5785
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 96 9
No. of Shares 131,598,208 3,012
% of Voted Shares 99.9977 0.0023
Result Accepted

8. Ordinary Resolution 8

Description 
Proposed New Shareholders' Mandate for Additional Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 95 9
No. of Shares 130,306,108 3,012
% of Voted Shares 99.9977 0.0023
Result Accepted

9. Ordinary Resolution 9

Description 
Proposed Renewal of Share Buy-Back Authority for the Company to purchase its own ordinary shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 100 5
No. of Shares 131,599,213 2,007
% of Voted Shares 99.9985 0.0015
Result Accepted

10. Ordinary Resolution 10

Description 
Proposed Renewal of Authority for the Company to allot and issue new ordinary shares in the Company ("STC Shares"), for the purpose of the Dividend Reinvestment Scheme that provides the shareholders of the Company with the option to elect to reinvest their cash dividends in new STC Shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 97 8
No. of Shares 131,599,208 2,012
% of Voted Shares 99.9985 0.0015
Result Accepted

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