[MQTECH] EGM on 25-Nov-2022

Stock
[MQTECH]: MQ TECHNOLOGY BHD
Announcement Date
07-Nov-2022
Reference No.
GMA-07112022-00003
Corporate Action ID
MY221107MEET0003
Type
EGM
Date & Time
25-Nov-2022 11:00
Depositor Date
18-Nov-2022
Venue
Plot 86-B, Lintang Bayan Lepas 9,,Bayan Lepas Industrial Park 4,,11900 Bayan Lepas,,Penang,MY
Description
MQ Technology Berhad Extraordinary General Meeting
MQ -Notice of EGM.pdf
Outcome

The Board of Directors of MQ Technology Berhad (“the Company”) wishes to announce that all the Resolutions as set out in the Notice of the Extraordinary General Meeting (“EGM"), except for Resolutions 2, 6, 7 and 8wereduly passed by the shareholders of the Company at the EGM held on Friday, 25 November 2022.

This announcement is dated 25 November 2022.

Voting Results

1. ORDINARY RESOLUTION 1

Description 
PROPOSED ESTABLISHMENT OF A NEW SHARE ISSUANCE SCHEME ("SIS") OF UP TO 30% OF THE TOTAL NUMBER OF ISSUED ORDINARY SHARES IN MQ TECH (EXCLUDING TREASURY SHARES, IF ANY) AT ANY ONE TIME DURING THE DURATION OF THE SIS FOR THE ELIGIBLE DIRECTORS AND EMPLOYEES OF MQ TECH AND ITS SUBSIDIARIES (EXCLUDING DORMANT SUBSIDIARIES, IF ANY) ("PROPOSED SIS")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 13 0
No. of Shares 287,197,400 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. ORDINARY RESOLUTION 2

Description 
PROPOSED ALLOCATION OF SIS OPTIONS TO DATO' LIM CHAR BOO (SENIOR INDEPENDENT NON-EXECUTIVE CHAIRMAN)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 5 8
No. of Shares 96,462,700 190,734,700
% of Voted Shares 33.5876 66.4124
Result Rejected

3. ORDINARY RESOLUTION 3

Description 
PROPOSED ALLOCATION OF SIS OPTIONS TO DATO' NURULHIDAYAH BINTI AHMAD ZAHID (INDEPENDENT NON-EXECUTIVE VICE CHAIRMAN)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 13 0
No. of Shares 287,197,400 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. ORDINARY RESOLUTION 4

Description 
PROPOSED ALLOCATION OF SIS OPTIONS TO TONG SIAN SHYEN (MANAGING DIRECTOR)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 13 0
No. of Shares 287,197,400 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. ORDINARY RESOLUTION 5

Description 
PROPOSED ALLOCATION OF SIS OPTIONS TO TERENCE CHEAH EU LEE (EXECUTIVE DIRECTOR)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 13 0
No. of Shares 287,197,400 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. ORDINARY RESOLUTION 6

Description 
PROPOSED ALLOCATION OF SIS OPTIONS TO GERALD NICHOLAS TAN ENG HOE (NON-INDEPENDENT NON-EXECUTIVE DIRECTOR)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 5 8
No. of Shares 96,462,700 190,734,700
% of Voted Shares 33.5876 66.4124
Result Rejected

7. ORDINARY RESOLUTION 7

Description 
PROPOSED ALLOCATION OF SIS OPTIONS TO PAULINUS MOJIUN (INDEPENDENT NON-EXECUTIVE DIRECTOR)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 5 8
No. of Shares 96,462,700 190,734,700
% of Voted Shares 33.5876 66.4124
Result Rejected

8. ORDINARY RESOLUTION 8

Description 
PROPOSED ALLOCATION OF SIS OPTIONS TO DR. KOAY BOON HOOI (INDEPENDENT NON-EXECUTIVE DIRECTOR)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 5 8
No. of Shares 96,462,700 190,734,700
% of Voted Shares 33.5876 66.4124
Result Rejected

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