[MASTEEL] General Meeting on 31-May-2023

Stock
[MASTEEL]: MALAYSIA STEEL WORKS (KL)BHD
Announcement Date
27-Apr-2023
Reference No.
GMA-25042023-00020
Corporate Action ID
MY230425MEET0020
Type
General Meeting
Date & Time
31-May-2023 14:00
Depositor Date
25-May-2023
Venue
Broadcast Venue,Masteel Meeting Room, Unit B-05-3A, 5th Floor, Block B (West Wing),PJ8 Office Suite, No. 23, Jalan Barat,Seksyen 8, 46050 Petaling Jaya, Selangor Darul Ehsan,MY
Description
Malaysia Steel Works (KL) Bhd - Notice of Fifty-First Annual General Meeting ("51st AGM") The 51st AGM will be conducted virtually at the Broadcast Venue via Remote Participation and Voting Facilities.
Masteel - Notice of 51st AGM with Administrative Guide.pdf
Outcome

The Board of Directors of Malaysia Steel Works (KL) Bhd ("the Company") is pleased to announce that all the resolutions set out in the Notice of the Fifty-FirstAnnual General Meeting ("51stAGM") of the Company dated 28April 2023were duly passed by the shareholders at the 51stAGM of the Company held earlier today.

All the resolutions were voted on by poll and the results of the poll were validated by Commercial Quest Sdn. Bhd., the Independent Scrutineer appointed by the Company. Details of the poll results are set out below.

This announcement is dated 31 May2023.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the Directors' fees up to an aggregate amount of RM180,000.00 for the
financial year ending 31 December 2023 and benefits payable to the Directors up to an
aggregate amount of RM438,000.00 from 31 May 2023 until the next AGM of the
Company and the payment thereof.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 201 80
No. of Shares 241,391,536 278,700
% of Voted Shares 99.8847 0.1153
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Dato' Sri Tai Hean Leng @ Tek Hean Leng who is retiring pursuant to Clause 96 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 238 48
No. of Shares 242,937,420 170,497
% of Voted Shares 99.9299 0.0701
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mr. Lau Yoke Leong who is retiring pursuant to Clause 96 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 237 49
No. of Shares 242,936,420 171,497
% of Voted Shares 99.9295 0.0705
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Puan Zueraini Binti Ahmad Basri who is retiring pursuant to Clause 103 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 233 53
No. of Shares 242,925,592 182,325
% of Voted Shares 99.9250 0.0750
Result Accepted

5. Ordinary Resolution 5

Description 
To re-appoint RSM Malaysia 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 253 35
No. of Shares 242,947,749 165,368
% of Voted Shares 99.9320 0.0680
Result Accepted

6. Ordinary Resolution 6

Description 
Proposed continuation in office of Dato' Ikhwan Salim Bin Dato' Haji Sujak as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 230 56
No. of Shares 242,924,587 183,330
% of Voted Shares 99.9246 0.0754
Result Accepted

7. Ordinary Resolution 7

Description 
Proposed Renewal of Authority for the Company to Purchase its own Ordinary Shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 235 51
No. of Shares 242,958,572 152,845
% of Voted Shares 99.9371 0.0629
Result Accepted

8. Ordinary Resolution 8

Description 
Proposed Renewal of Authority under Sections 75 and 76 of the Act and the Constitution of the Company for the Directors to allot and issue shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 228 58
No. of Shares 242,939,572 168,345
% of Voted Shares 99.9308 0.0692
Result Accepted

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