[WILLOW] General Meeting on 21-May-2024

Stock
[WILLOW]: WILLOWGLEN MSC BHD
Announcement Date
19-Apr-2024
Reference No.
GMA-19042024-00009
Corporate Action ID
MY240419MEET0009
Type
General Meeting
Date & Time
21-May-2024 10:00
Depositor Date
14-May-2024
Venue
Broadcast Venue at the Board Room, No. 1, Jalan 2/149B, Taman Sri Endah, Bandar Baru Sri Petaling, 57000 Kuala Lumpur, Wilayah Persekutuan,
Description
Willowglen MSC Berhad ("Company") - Twenty-Sixth Annual General Meeting ("26th AGM") The 26th AGM of the Company will be held on a virtual basis vide the online meeting platform hosted on Securities Services e-Portal at https://sshsb.net.my.
WMSC - Notice of 26th AGM and Administrative Guide.pdf
Outcome

The Board of Directors of Willowglen MSC Berhad (“the Company”) wishes to announce that all resolutions as set out in the Notice of the Twenty-Sixth Annual General Meeting ("26thAGM") of the Company dated 22 April 2024were duly passed by the shareholders of the Company at the 26thAGM held today.

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

This announcement is dated 21 May 2024.

Voting Results

1. Resolution 1

Description 
To re-elect Wong Ah Chiew, who is due to retire by rotation in accordance with Clause 124 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 87 14
No. of Shares 309,392,585 266,812
% of Voted Shares 99.9138 0.0862
Result Accepted

2. Resolution 2

Description 
To re-elect Syed Feisal Alhady, who is due to retire by rotation in accordance with Clause 124 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 87 14
No. of Shares 307,216,985 266,812
% of Voted Shares 99.9132 0.0868
Result Accepted

3. Resolution 3

Description 
To approve the payment of Directors' fees amounting to RM221,350.00 for the financial year ended 31 December 2023.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 80 20
No. of Shares 309,349,885 309,312
% of Voted Shares 99.9001 0.0999
Result Accepted

4. Resolution 4

Description 
To approve the payment of Directors' benefits to the Independent Non-Executive Directors up to RM45,000.00 from a day after the Twenty-Sixth Annual General Meeting ("AGM") until the date of the next AGM of the Company in the year 2025.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 79 24
No. of Shares 312,991,785 319,712
% of Voted Shares 99.8980 0.1020
Result Accepted

5. Resolution 5

Description 
To re-appoint Messrs. Baker Tilly Monteiro Heng PLT as Auditors of the Company until the conclusion of the next AGM and authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 94 9
No. of Shares 313,059,085 252,412
% of Voted Shares 99.9194 0.0806
Result Accepted

6. Resolution 6 (Tier 1)

Description 
Retention of Au Chun Choong as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1 0
No. of Shares 267,605,214 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Resolution 6 (Tier 2)

Description 
Retention of Au Chun Choong as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 86 15
No. of Shares 39,641,671 266,912
% of Voted Shares 99.3312 0.6688
Result Accepted

8. Resolution 7

Description 
Authority to Issue Shares pursuant to the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 82 21
No. of Shares 312,923,552 387,945
% of Voted Shares 99.8762 0.1238
Result Accepted

9. Resolution 8

Description 
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 77 16
No. of Shares 35,132,938 291,845
% of Voted Shares 99.1762 0.8238
Result Accepted

10. Resolution 9

Description 
Proposed Renewal of Share Buy-Back Authority for the Company to purchase its own ordinary shares up to 10% of the total number of Issued Shares of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 85 18
No. of Shares 312,975,652 335,845
% of Voted Shares 99.8928 0.1072
Result Accepted

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