[SMI] General Meeting on 27-Mar-2024

Stock
[SMI]: SOUTH MALAYSIA INDUSTRIES BHD
Announcement Date
04-Mar-2024
Reference No.
GMA-04032024-00003
Corporate Action ID
MY240304MEET0002
Type
General Meeting
Date & Time
27-Mar-2024 15:00
Depositor Date
20-Mar-2024
Venue
DIAMOND 3, LEVEL 10, HOLIDAY VILLA NO. 260 JALAN DATO' SULAIMAN TAMAN ABAD, 80250 JOHOR BAHRU, JOHOR
Description
SOUTH MALAYSIA INDUSTRIES BERHAD ("SMI" or "the Company") - Notice of 52nd Annual General Meeting
SMIB Notice of 52 AGM.pdf
Outcome

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

1. 1

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.
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

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.
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

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.
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

Description 
To re-elect Dato' Dr Abdullah Bin Sepien, the Director retiring by rotation in accordance with Article 86 of the Company's Constitution.
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

Description 
To re-elect Mr. Leow Thang Fong, the Director retiring by rotation in accordance with Article 86 of the Company's Constitution.
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

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.
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

Description 
The motion to adjourn the 52nd Annual General Meeting by reason of Originating Summons JA-24NCC-12-03/2024.
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

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