The Board of Directors of South Malaysia Industries Berhad ("SMI" or "the Company") wishes to announce that all the ordinary resolutions set out in the Notice of the 52ndAnnual General Meeting ("52ndAGM") dated 5 March 2024 were passed by the shareholders of the Company as followsby way of poll at its 52ndAGM held todayand Coopers Professional Scrutineers Sdn. Bhd. was appointed to act as Scrutineer to validate the votes cast at the meeting.
During the 52nd AGM, a shareholder proposed to move a resolution to adjourn the 52nd AGM by reason of Originating Summons JA-24NCC-12-03/2024 and the result as below.
Voting Results |
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1. 1 |
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Description |
To re-appoint Messrs UHY as Auditors of the Company, to hold office until conclusion of the next Annual General Meeting of the Company, at a remuneration to be determined by the Directors. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 98 | 4 |
No. of Shares | 85,837,383 | 45,855,800 |
% of Voted Shares | 65.1798 | 34.8202 |
Result | Accepted | |
2. 2 |
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Description |
To approve the payment of under provision of Directors' fees and benefits of RM225,000 to the Non-Executive Directors of the Company and subsidiaries for the period from 29 June 2022 until 27 March 2024. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 94 | 7 |
No. of Shares | 58,540,483 | 68,072,000 |
% of Voted Shares | 46.2359 | 53.7641 |
Result | Rejected | |
3. 3 |
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Description |
To approve the payment of Directors' fees and benefits of up to RM430,000 to the Non-Executive Directors of the Company and subsidiaries from the conclusion of this Annual General Meeting until the next Annual General Meeting of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 94 | 7 |
No. of Shares | 59,467,383 | 67,145,100 |
% of Voted Shares | 46.9680 | 53.0320 |
Result | Rejected | |
4. 4 |
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Description |
To re-elect Dato' Dr Abdullah Bin Sepien, the Director retiring by rotation in accordance with Article 86 of the Company's Constitution. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 95 | 5 |
No. of Shares | 66,684,183 | 51,441,900 |
% of Voted Shares | 56.4517 | 43.5483 |
Result | Accepted | |
5. 5 |
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Description |
To re-elect Mr. Leow Thang Fong, the Director retiring by rotation in accordance with Article 86 of the Company's Constitution. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 93 | 6 |
No. of Shares | 56,749,233 | 59,585,600 |
% of Voted Shares | 48.7809 | 51.2191 |
Result | Rejected | |
6. 6 |
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Description |
Authority to allot and issue new shares in general pursuant to Sections 75 and 76 of the Companies Act 2016 and waiver of pre-emptive rights over new ordinary shares or other convertible securities in the Company under Section 85(1) of the Companies Act 2016 read together with Article 11 of the Company's Constitution. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 94 | 7 |
No. of Shares | 58,540,483 | 64,666,300 |
% of Voted Shares | 47.5140 | 52.4860 |
Result | Rejected | |
7. MOTION TO ADJOURN 52ND AGM |
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Description |
The motion to adjourn the 52nd Annual General Meeting by reason of Originating Summons JA-24NCC-12-03/2024. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 14 | 91 |
No. of Shares | 75,904,000 | 76,466,483 |
% of Voted Shares | 49.8154 | 50.1846 |
Result | Rejected | |
2024-07-26
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