[ECOWLD] General Meeting on 30-Mar-2023

Stock
[ECOWLD]: ECO WORLD DEVELOPMENT GROUP BERHAD
Announcement Date
27-Feb-2023
Reference No.
GMA-22022023-00004
Corporate Action ID
MY230222MEET0004
Type
General Meeting
Date & Time
30-Mar-2023 15:00
Depositor Date
23-Mar-2023
Venue
Broadcast Venue at Bukit Bintang City Centre Sales Gallery,,No. 2, Jalan Hang Tuah,,55100 Kuala Lumpur,,Wilayah Persekutuan,,MY
Description
The Forty-Ninth Annual General Meeting of the Company will be conducted virtually through live streaming and online remote voting using the remote participation and voting facilities via Securities Services e-Portal at https://sshsb.net.my/.
Eco World - Notice of 49th AGM and Admin Guide.pdf
Outcome

The Board of Directors of Eco World Development Group Berhad (“the Company”) is pleased to announce that all the resolutions as set out in the Notice of the Forty-Ninth Annual General Meeting (“49th AGM”) of the Company dated 28February 2023were duly approved by the shareholders of the Company at the 49th AGM held today.

The voting in respect of the resolutions was carried out by way of a poll via Remote Participation and Voting facilities and the results were validated by GovernAce Advisory & Solutions Sdn. Bhd., the Independent Scrutineer appointed by the Company.

This announcement is dated 30March 2023.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' Fees amounting to RM1,433,355 for the financial year ended 31 October 2022.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 310 43
No. of Shares 1,097,782,961 74,617
% of Voted Shares 99.9932 0.0068
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors' Remuneration (excluding Directors' Fees) up to an amount of RM530,000 for the financial year ending 31 October 2023 and up to the date of the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 313 40
No. of Shares 1,097,804,361 53,217
% of Voted Shares 99.9952 0.0048
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Tan Sri Abdul Rashid Bin Abdul Manaf who is retiring by rotation in accordance with Article 126 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 307 34
No. of Shares 2,196,304,415 5,107,317
% of Voted Shares 99.7680 0.2320
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Dato' Chang Khim Wah who is retiring by rotation in accordance with Article 126 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 335 27
No. of Shares 2,285,569,015 2,098,017
% of Voted Shares 99.9083 0.0917
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Dato' Seri Rosman bin Mohamed who is retiring in accordance with Article 123 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 332 28
No. of Shares 2,286,488,815 671,217
% of Voted Shares 99.9707 0.0293
Result Accepted

6. Ordinary Resolution 6

Description 
To re-appoint Messrs. Baker Tilly Monteiro Heng PLT as Auditors of the Company until the conclusion of the next Annual General Meeting of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 344 18
No. of Shares 2,287,637,423 29,609
% of Voted Shares 99.9987 0.0013
Result Accepted

7. Ordinary Resolution 7

Description 
To approve the proposed renewal of shareholders' mandate for recurrent related party transactions of a revenue or trading nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 300 30
No. of Shares 432,740,631 851,417
% of Voted Shares 99.8036 0.1964
Result Accepted

8. Ordinary Resolution 8

Description 
To approve the proposed renewal of authority for the Company to purchase its own ordinary shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 338 22
No. of Shares 2,286,820,423 44,409
% of Voted Shares 99.9981 0.0019
Result Accepted

9. Ordinary Resolution 9

Description 
To approve the proposed payment of retirement gratuity amounting to RM350,000 to former Independent Non-Executive Director and retiring Independent Non-Executive Directors.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 244 111
No. of Shares 2,067,127,615 95,704,917
% of Voted Shares 95.5750 4.4250
Result Accepted

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