[ORNA] General Meeting on 31-May-2023

Stock
[ORNA]: ORNAPAPER BHD
Announcement Date
27-Apr-2023
Reference No.
GMA-25042023-00007
Corporate Action ID
MY230425MEET0007
Type
General Meeting
Date & Time
31-May-2023 10:30
Depositor Date
23-May-2023
Venue
Function Room 2, Level 2, Holiday Inn Melaka,,Jalan Syed Abdul Aziz,,75000 Melaka,MY
Description
Twenty-First Annual General Meeting
Notice of the 21st AGM.pdf
Outcome

The Board of Directors of Ornapaper Berhad (“ORNA” or “the Company”) wishes to announce that the shareholders of the Company have approved all the resolutions as set out in the Notice of the Twenty-First Annual General Meeting (“AGM”) dated 28 April 2023 at the Twenty-First AGM held today.

All the resolutions were voted by poll at the Twenty-First AGM and the results were verified by the representative from Needsbridge Advisory Sdn. Bhd., the Independent Scrutineer appointed by the Company.

The details of the poll results are set out below.

This announcement is dated 31 May 2023.

Voting Results

1. Resolution 1

Description 
To approve the payment of Directors' fees up to an amount of RM255,000/- from 1 June 2023 until the Twenty-Second AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 22 0
No. of Shares 41,549,143 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Resolution 2

Description 
To approve the payment of Directors' benefits payable up to an amount of RM24,000/-, from 1 June 2023 until the Twenty-Second AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 1
No. of Shares 41,526,143 23,000
% of Voted Shares 99.9446 0.0554
Result Accepted

3. Resolution 3

Description 
To re-elect Mr. Tan Chin Hwee who is retiring in accordance with Clause 120 of the Company's Constitution and being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 23 0
No. of Shares 41,554,143 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. Resolution 4

Description 
To re-appoint Crowe Malaysia PLT 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 23 0
No. of Shares 41,554,143 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Resolution 5

Description 
Authority to Issue Shares pursuant to Sections 75 and 76 of the Companies Act 2016 and Waiver of Pre-Emptive Rights.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 23 0
No. of Shares 41,554,143 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Resolution 6 (Tier 1)

Description 
Retention of Mr. Tan Chin Hwee as an Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 3 0
No. of Shares 38,020,219 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Resolution 6 (Tier 2)

Description 
Retention of Mr. Tan Chin Hwee as an Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 20 0
No. of Shares 3,533,924 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Resolution 7

Description 
Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 17 0
No. of Shares 1,901,100 0
% of Voted Shares 100.0000 0.0000
Result Accepted

9. Resolution 8

Description 
Proposed Renewal of Shareholders' Mandate for Existing Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 16 1
No. of Shares 1,878,100 23,000
% of Voted Shares 98.7902 1.2098
Result Accepted

10. Resolution 9

Description 
Proposed Renewal of Authority for the Company to Purchase Its Own Shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 23 0
No. of Shares 41,554,143 0
% of Voted Shares 100.0000 0.0000
Result Accepted

Remark
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