The Board of Directors of Malayan Flour Mills Berhad ("MFM" or "the Company") wishes to announce that all the resolutions set out in the Notice of Sixty-FourthAnnual General Meeting ("64th AGM") dated 17April 2024and tabled at the 64thAGM of the Company held today, 16May 2024were duly passed.
The Audited Financial Statements of the Company for the financial year ended 31 December 2023and the Directors' and Auditors' Reports thereon were received and duly tabled at the 64thAGM under Agenda 1.
Resolutions 1 to 8were voted on a poll via the Remote Participation and Electronic Voting facilities (Boardroom Smart Investor Portal at https://meeting.boardroomlimited.my) in accordance with Paragraph 8.29A of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
The 64thAGM was conducted virtually at the Broadcast Venue. The results were validated by Boardroom Corporate Services Sdn Bhd, the Independent Scrutineer appointed by MFM.
Please refer to the attachmentfor thepoll results.
This announcement is dated 16 May 2024.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
To re-elect Mr Quah Poh Keat, who retires by rotation in accordance with Clause 132 of the Constitution of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 555 | 96 |
No. of Shares | 625,455,617 | 180,158 |
% of Voted Shares | 99.9712 | 0.0288 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
To re-elect Datin Paduka Setia Dato Dr. Aini binti Ideris, who retires by rotation in accordance with Clause 132 of the Constitution of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 537 | 114 |
No. of Shares | 596,873,915 | 28,761,860 |
% of Voted Shares | 95.4028 | 4.5972 |
Result | Accepted | |
3. Ordinary Resolution 3 |
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Description |
To re-elect Mr Lim Pang Boon, who retires by rotation in accordance with Clause 132 of the Constitution of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 551 | 100 |
No. of Shares | 624,091,098 | 1,544,677 |
% of Voted Shares | 99.7531 | 0.2469 |
Result | Accepted | |
4. Ordinary Resolution 4 |
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Description |
To approve the payment of Directors' fees amounting to RM264,000 per annum for the Non-Executive Chairman and RM132,000 per annum for each of the Non-Executive Directors in respect of the financial year ended 31 December 2023. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 513 | 137 |
No. of Shares | 625,175,656 | 460,054 |
% of Voted Shares | 99.9265 | 0.0735 |
Result | Accepted | |
5. Ordinary Resolution 5 |
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Description |
To approve an amount of up to RM350,000 as benefits payable to the Non-Executive Directors for the period from the conclusion of the 64th AGM until the conclusion of the next AGM of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 501 | 149 |
No. of Shares | 625,121,107 | 514,603 |
% of Voted Shares | 99.9177 | 0.0823 |
Result | Accepted | |
6. Ordinary Resolution 6 |
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Description |
To re-appoint Messrs KPMG PLT as Auditors of the Company for the financial year ending 31 December 2024 and to authorise the Directors to fix their remuneration. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 569 | 81 |
No. of Shares | 625,041,859 | 108,916 |
% of Voted Shares | 99.9826 | 0.0174 |
Result | Accepted | |
7. Ordinary Resolution 7 |
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Description |
Authority to Directors to Allot and Issue Shares Pursuant to Sections 75 and 76 of the Companies Act 2016. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 530 | 121 |
No. of Shares | 590,990,003 | 34,645,772 |
% of Voted Shares | 94.4623 | 5.5377 |
Result | Accepted | |
8. Ordinary Resolution 8 |
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Description |
Proposed Renewal of Authority for Share Buy-back. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 557 | 94 |
No. of Shares | 625,314,308 | 321,467 |
% of Voted Shares | 99.9486 | 0.0514 |
Result | Accepted | |