[COASTAL] General Meeting on 01-Dec-2022

Stock
[COASTAL]: COASTAL CONTRACTS BHD
Announcement Date
28-Oct-2022
Reference No.
GMA-04102022-00003
Corporate Action ID
MY221004MEET0003
Type
General Meeting
Date & Time
01-Dec-2022 10:00
Depositor Date
25-Nov-2022
Venue
Block G,Lot 3B, Bandar Leila,90000 Sandakan,Sabah,MY
Description
COASTAL CONTRACTS BHD. Notice of the Twenty Second Annual General Meeting
Coastal AGM Ad 31 October 2022.pdf
Outcome

The Board of Directors of Coastal Contracts Bhd. ("Coastal" or "Company") wishes to announce that all the resolutions as set out in the Notice of the Twenty SecondAnnual General Meeting of COASTAL dated 31 October 2022 were duly passed by way of poll at the Twenty Second Annual General Meeting held on 1 December 2022. The results of the poll were duly verified by Messrs Tsang & Co., the independent scrutineer appointed by the Company.

The announcement is dated 1 December 2022.

Voting Results

1. 1

Description 
To approve the payment of fees and benefits to Non-Executive Directors, of up to but not exceeding the amount of RM170,000 for the period from 2 December 2022 until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 24 0
No. of Shares 324,925,206 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. 2

Description 
To re-elect Mr Jacob O Pang Su Yin retiring pursuant to Clause No. 100 of the Company's Constitution and being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 22 2
No. of Shares 324,775,106 150,100
% of Voted Shares 99.9500 0.0500
Result Accepted

3. 3

Description 
To re-elect Mr Loh Thian Sang @ Lo Thian Siang retiring pursuant to Clause No. 100 of the Company's Constitution and being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 22 2
No. of Shares 324,775,106 150,100
% of Voted Shares 99.9500 0.0500
Result Accepted

4. 4

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 24 0
No. of Shares 324,925,206 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. 5 - Tier 1

Description 
To approve the Proposed Retention of Independent Non-Executive Director, Mr Jacob O Pang Su Yin
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 2 0
No. of Shares 162,148,526 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. 5 - Tier 2

Description 
To approve the Proposed Retention of Independent Non-Executive Director, Mr Jacob O Pang Su Yin
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 20 2
No. of Shares 162,626,580 150,100
% of Voted Shares 99.9100 0.0900
Result Accepted

7. 6 - Tier 1

Description 
To approve the Proposed Retention of Independent Non-Executive Director, Mr Loh Thian Sang @ Lo Thian Siang
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 2 0
No. of Shares 162,148,526 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. 6 - Tier 2

Description 
To approve the Proposed Retention of Independent Non-Executive Director, Mr Loh Thian Sang @ Lo Thian Siang
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 20 2
No. of Shares 162,626,580 150,100
% of Voted Shares 99.9100 0.0900
Result Accepted

9. 7

Description 
To approve the Authority to issue shares pursuant to the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 24 0
No. of Shares 324,925,206 0
% of Voted Shares 100.0000 0.0000
Result Accepted

10. 8

Description 
To approve the Proposed Renewal of Share Buy-Back Authority
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 24 0
No. of Shares 324,925,206 0
% of Voted Shares 100.0000 0.0000
Result Accepted

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