[LIONPSIM] General Meeting on 23-May-2023

Stock
[LIONPSIM]: LION POSIM BERHAD
Announcement Date
19-Apr-2023
Reference No.
GMA-19042023-00036
Corporate Action ID
MY230419MEET0035
Type
General Meeting
Date & Time
23-May-2023 10:30
Depositor Date
17-May-2023
Venue
Broadcast Venue, Meeting Hall, Level 16, Lion Office Tower,No. 1 Jalan Nagasari,50200 Kuala Lumpur,Wilayah Persekutuan,MY
Description
Notice of the 40th Annual General Meeting of Lion Posim Berhad to be held virtually from the Broadcast Venue
LPB - Notice of 40th AGM and Administrative Guide.pdf
Outcome
The Board of Directors of Lion Posim Berhad ("LPB") wishes to announce that all the ordinary resolutions set out in the Notice of the 40th Annual General Meeting of LPB ("40th AGM") were duly passed by way of poll at the 40th AGM held on 23 May 2023. The results of the poll were duly verified by Commercial Quest Sdn Bhd, the Independent Scrutineers appointed by LPB.

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

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' fees amounting to RM170,000 for the financial year
ended 31 December 2022.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 216 61
No. of Shares 171,380,104 20,350
% of Voted Shares 99.9881 0.0119
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors' benefits of up to RM87,000 for the period commencing after the 40th Annual General Meeting until the next annual general meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 213 64
No. of Shares 171,374,924 25,530
% of Voted Shares 99.9851 0.0149
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Y. Bhg. Tan Sri Cheng Heng Jem who retires by rotation in accordance with Clause 110 of the Company's Constitution and who being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 235 44
No. of Shares 171,389,108 11,448
% of Voted Shares 99.9933 0.0067
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Ms Cheng Hui Ya, Serena who retires by rotation in accordance with Clause 110 of the Company's Constitution and who being eligible, has offered herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 230 49
No. of Shares 171,383,902 16,654
% of Voted Shares 99.9903 0.0097
Result Accepted

5. Ordinary Resolution 5

Description 
To re-appoint Messrs Mazars PLT as Auditors of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 236 43
No. of Shares 171,390,103 10,453
% of Voted Shares 99.9939 0.0061
Result Accepted

6. Ordinary Resolution 6

Description 
To retain Y. Bhg. Dato' Eow Kwan Hoong as an independent non-executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 229 49
No. of Shares 171,380,796 11,734
% of Voted Shares 99.9932 0.0068
Result Accepted

7. Ordinary Resolution 7

Description 
To approve the authority to Directors to issue and allot shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 220 57
No. of Shares 171,258,320 142,036
% of Voted Shares 99.9171 0.0829
Result Accepted

8. Ordinary Resolution 8

Description 
To approve the proposed renewal of shareholders' mandate for recurrent related party transactions.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 205 53
No. of Shares 1,247,107 11,856
% of Voted Shares 99.0583 0.9417
Result Accepted

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