[COASTAL] General Meeting on 13-Jun-2024

Announcement Date
29-Apr-2024
Reference No.
GMA-02042024-00004
Corporate Action ID
MY240402MEET0004
Type
General Meeting
Date & Time
13-Jun-2024 10:00
Depositor Date
07-Jun-2024
Venue
Block G, Lot 3B, Bandar Leila 90000 Sandakan Sabah
Description
COASTAL CONTRACTS BHD Notice of the Twenty Third Annual General Meeting
Coastal - Notice of the 23rd AGM.pdf
Outcome

The Board of Directors of Coastal Contracts Bhd. ("Coastal" or "Company") wishes to announce that all the resolutions as set out in the Notice of Twenty Third Annual General Meeting of COASTAL dated 30 April2024 were duly passed by way of poll at the Twenty ThirdAnnual General Meeting held on 13 June2024. The results of the poll were duly verfied by Messrs Tsang & Co., the independent scrutineer appointed by the Company.

The announcement is dated 13 June 2024.

Voting Results


1. 1

Description
To approve the payment of fees and benefits to the Non-Executive Directors, of up to but not exceeding the amount of RM80,000 for the period from 1 December 2023 to 13 June 2024.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 26 0
No. of Shares 305,656,272 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. 2

Description
To approve the payment of fees and benefits to Non-Executive Directors, of up to but not exceeding the amount of RM190,000 for the period from 14 June 2024 until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 26 0
No. of Shares 305,656,272 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. 3

Description
To re-elect Mr Ng Chin Heng retiring pursuant to Clause No. 100 of the Company's Constitution and being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 23 3
No. of Shares 296,082,272 9,574,000
% of Voted Shares 96.8700 3.1300
Result Accepted

4. 4

Description
To re-elect Madam Alice Ng retiring pursuant to Clause No. 97 of the Company's Constitution and being eligible, offers herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 23 3
No. of Shares 296,082,272 9,574,000
% of Voted Shares 96.8700 3.1300
Result Accepted

5. 5

Description
To re-elect Mr Seeto Yee @ Seeto Tin Yee retiring pursuant to Clause No. 97 of the Company's Constitution and being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 26 0
No. of Shares 305,656,272 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. 6

Description
To re-appoint Messrs Crowe Malaysia PLT as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 1
No. of Shares 305,268,872 387,400
% of Voted Shares 99.8700 0.1300
Result Accepted

7. 7 - Tier 1

Description
To approve the Proposed Retention of  Mr Jacob O Pang Su Yin as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 2 0
No. of Shares 162,148,526 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. 7 - Tier 2

Description
To approve the Proposed Retention of  Mr Jacob O Pang Su Yin as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 18 6
No. of Shares 132,718,713 10,789,033
% of Voted Shares 92.4800 7.5200
Result Accepted

9. 8 - Tier 1

Description
To approve the Proposed Retention of Tuan Hj. Intizam Bin Ayub as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 2 0
No. of Shares 162,148,526 0
% of Voted Shares 100.0000 0.0000
Result Accepted

10. 8 - Tier 2

Description
To approve the Proposed Retention of Tuan Hj. Intizam Bin Ayub as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 18 6
No. of Shares 132,718,713 10,789,033
% of Voted Shares 92.4800 7.5200
Result Accepted

11. 9

Description
To approve the Authority to issue shares pursuant to the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 26 0
No. of Shares 305,656,272 0
% of Voted Shares 100.0000 0.0000
Result Accepted

12. 10

Description
To approve the Proposed Renewal of Share Buy-Back Authority
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 1
No. of Shares 304,828,772 827,500
% of Voted Shares 99.7300 0.2700
Result Accepted

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