[CYL] General Meeting on 18-Jul-2024

Stock
[CYL]: CYL CORPORATION BHD
Announcement Date
24-May-2024
Reference No.
GMA-24052024-00034
Corporate Action ID
MY240524MEET0034
Type
General Meeting
Date & Time
18-Jul-2024 10:00
Depositor Date
12-Jul-2024
Venue
Online meeting platform at TIIH Online provided by Tricor Investor & Issuing House Services Sdn Bhd via its website at https://tiih.online
Description
CYL CORPORATION BERHAD ("CYL" or "the Company")- Notice of the Twenty-Fourth Annual General Meeting ("24th AGM")
CYL Corporation Berhad_Notice of AGM (Final).pdf
Outcome

On behalf of the Board of Directors ofCYL Corporation Berhad ("CYL" or "the Company"), wishes to announce that all resolutions set out in the Notice of the Twenty-FourthAnnual Gneral Meeting ("24th AGM") dated 27May 2024 were duly passed at the24th AGM of the Company held earlier today.

The voting on the resolutions was carried out by way of poll and the results were validated by Asia Securities Sdn.Bhd., the independent scrutineer appointed by the Company.

Details of the results of the poll on the resolutions are set out below.

This announcement is dated 18 July 2024.

Voting Results

1. Ordinary Resolution 1

Description 
To re-elect Mr. Chen Yat Lee, the Director who retires by rotation pursuant to Clause 76(3) of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 88 12
No. of Shares 67,226,651 9,216
% of Voted Shares 99.9863 0.0137
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Ms, Gan Kok Ling, the Director who retires by rotation pursuant to Clause 76(3) of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 88 12
No. of Shares 67,226,651 9,216
% of Voted Shares 99.9863 0.0137
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mr. Wan Kai Chee, the Director who retires pursuant to Clause 78 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 88 12
No. of Shares 67,226,651 9,216
% of Voted Shares 99.9863 0.0137
Result Accepted

4. Ordinary Resolution 4

Description 
To approve the payment of Directors' fees to the Non-Executive Directors of RM360,000.00 for the period commencing on the date immediately after the 24th AGM up to the date of the next AGM to be held in 2025.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 85 14
No. of Shares 57,219,658 9,151
% of Voted Shares 99.9840 0.0160
Result Accepted

5. Ordinary Resolution 5

Description 
To approve the payment of Directors' benefits to the Non-Executive Director of RM15,000.00 for the period commencing on the date immediately after the 24th AGM up to the date of the next AGM to be held in 2025.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 79 20
No. of Shares 57,215,348 13,461
% of Voted Shares 99.9765 0.0235
Result Accepted

6. Ordinary Resolution 6

Description 
To re-appoint Mazars PLT as Auditors of the Company for the ensuring year and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 91 9
No. of Shares 67,231,951 3,916
% of Voted Shares 99.9942 0.0058
Result Accepted

7. Ordinary Resolution 7

Description 
Authority for Directors to issue and allot shares of the Company pursuant to Sections 75 and 76 of the Companies Act, 2016 ("the Act") and Waiver of Pre-emptive Rights under Section 85 of the Act.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 85 15
No. of Shares 67,210,341 25,526
% of Voted Shares 99.9620 0.0380
Result Accepted

Remark
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Market Buzz

2024-07-18

Meeting Outcome

General Meeting on 18-Jul-2024.

2024-07-18

Meeting Outcome

General Meeting on 18-Jul-2024.

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