[YB] General Meeting on 28-Nov-2022

Stock
[YB]: YB VENTURES BERHAD
Announcement Date
27-Oct-2022
Reference No.
GMA-26102022-00027
Corporate Action ID
MY221026MEET0027
Type
General Meeting
Date & Time
28-Nov-2022 14:30
Depositor Date
18-Nov-2022
Venue
Broadcast Venue,Unit 702, Level 7, Tropicana Gardens Office Tower,,No. 2A, Persiaran Surian,,47810 Petaling Jaya, Selangor,,MY
Description
YB Ventures Berhad (the "Company") - Notice of 22nd Annual General Meeting ("AGM") The 22nd AGM of the Company will be conducted on fully virtual basis via remote participation through live streaming and online voting.
YBV - Notice AGM 2022_Admin Guide.pdf
Outcome

The Board of Directors of YB Ventures Berhad ("Company") is pleased to announce that all the resolutions as set out in the Notice of the 22nd Annual General Meeting ("AGM") dated 28 October 2022, were duly passed by the Company's shareholders at the AGM held on 28 November 2022.

All the resolutions were voted by way of poll and the results of the poll were validated by Aegis Communication Sdn Bhd, the Independent Scrutineer appointed by the Company. The details of the said results of the poll are set out below.

This announcement is dated 29November 2022.

Voting Results

1. Ordinary Resolution 1

Description 
To re-elect Datuk Au Yee Boon who retires in accordance with Clause 103 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 61 2
No. of Shares 131,905,310 116
% of Voted Shares 99.9999 0.0001
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Dato' Sri Gan Chow Tee who retires in accordance with Clause 103 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 61 2
No. of Shares 131,905,310 116
% of Voted Shares 99.9999 0.0001
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Dato' Sri Tajudin Bin Md Isa who retires in accordance with Clause 110 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 61 2
No. of Shares 131,905,310 116
% of Voted Shares 99.9999 0.0001
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Ms Kok Soke Kuen who retires in accordance with Clause 110 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 61 2
No. of Shares 131,905,310 116
% of Voted Shares 99.9999 0.0001
Result Accepted

5. Ordinary Resolution 5

Description 
To approve the payment of Directors' fees and other benefits payable totalling RM260,000 for the period from the 22nd AGM until the next AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 59 4
No. of Shares 131,901,875 3,551
% of Voted Shares 99.9973 0.0027
Result Accepted

6. Ordinary Resolution 6

Description 
To re-appoint Messrs. UHY as Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 60 3
No. of Shares 131,905,308 118
% of Voted Shares 99.9999 0.0001
Result Accepted

7. Ordinary Resolution 7

Description 
To approve the authority to allot and issue shares in general pursuant to Sections 75 and 76 of the Companies Act 2016 ("CA2016"); and waiver of pre-emptive rights over new ordinary shares or other convertible securities in the Company under Section 85(1) of CA2016 read together with Clause 65 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 58 4
No. of Shares 131,821,709 3,717
% of Voted Shares 99.9972 0.0028
Result Accepted

8. Ordinary Resolution 8

Description 
To approve the proposed renewal of share buy-back authority for the Company to purchase up to 10% of the Company's total number of issued shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 59 3
No. of Shares 131,821,877 3,549
% of Voted Shares 99.9973 0.0027
Result Accepted

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