[BNASTRA] General Meeting on 03-Jul-2024

Stock
[BNASTRA]: BINASTRA CORPORATION BERHAD
Announcement Date
30-May-2024
Reference No.
GMA-29052024-00005
Corporate Action ID
MY240529MEET0005
Type
General Meeting
Date & Time
03-Jul-2024 11:00
Depositor Date
27-Jun-2024
Venue
A venue where the Chairman is present via the online meeting platform at https://tiih.online provided by Tricor Investor & Issuing House Services Sdn Bhd in
Description
Notice of 21st Annual General Meeting dated 31 May 2024
BCB Notice of 21st AGM and Admin Guide.pdf
Outcome

The Board of Directors of Binastra Corporation Berhad (formerly known as Comintel Corporation Bhd)("Binastra" or "Company") wishes to announce that the shareholders of Binastra have at the 21st AnnualGeneral Meeting ("21st AGM") held this morning, approved all the resolutions as set out in the Notice of 21stAGM dated 31 May 2024("Resolutions").

The voting in respect of the Resolutions was carried out by way of a poll, results of which were validated by Scrutineer Solutions Sdn. Bhd., an independent scrutineer appointed by Binastra.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' fees to the Non-Executive Directors of up to an amount of RM200,000 for their services from 4 July 2024 until the next annual general meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 158 22
No. of Shares 860,028,494 11,886
% of Voted Shares 99.9986 0.0014
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors' benefits (excluding Directors' fees) to the Non-Executive Directors up to an amount of RM50,000 from 4 July 2024 until the next annual general meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 157 23
No. of Shares 860,028,094 12,286
% of Voted Shares 99.9986 0.0014
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Tan Sri Dato Samshuri Bin Arshad who retires in accordance with Article 119 of the Company's Constitution as Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 163 16
No. of Shares 861,129,730 10,250
% of Voted Shares 99.9988 0.0012
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Tan Mai Yean who retires in accordance with Article 119 of the Company's Constitution as Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 142 37
No. of Shares 853,741,730 7,398,250
% of Voted Shares 99.1409 0.8591
Result Accepted

5. Ordinary Resolution 5

Description 
To appoint Baker Tilly Monteiro Heng PLT as Auditors of the Company and authorise the Directors to determine their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 171 10
No. of Shares 861,135,930 4,450
% of Voted Shares 99.9995 0.0005
Result Accepted

6. Ordinary Resolution 6 - Tier 1

Description 
To approve the retention of Tan Sri Dato' Samshuri bin Arshad as Independent Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 9 0
No. of Shares 570,378,468 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Ordinary Resolution 6 - Tier 2

Description 
To approve the retention of Tan Sri Dato' Samshuri bin Arshad as Independent Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 138 16
No. of Shares 268,288,682 10,250
% of Voted Shares 99.9962 0.0038
Result Accepted

8. Ordinary Resolution 7

Description 
To approve authority to allot shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 164 15
No. of Shares 861,129,530 10,450
% of Voted Shares 99.9988 0.0012
Result Accepted

9. Ordinary Resolution 8

Description 
To approve the proposed shareholders mandate for recurrent related party transactions involving the interest of Datuk Tan Kak Seng (Managing Director), major shareholders or person connected with such Director and/or major shareholders.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 152 17
No. of Shares 283,551,062 10,450
% of Voted Shares 99.9963 0.0037
Result Accepted

10. Ordinary Resolution 9

Description 
To approve the proposed shareholders mandate for recurrent related party transactions involving the interest of Lee Seng Yong (Executive Director) or person connected with him.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 157 16
No. of Shares 712,930,900 10,250
% of Voted Shares 99.9986 0.0014
Result Accepted

Remark
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Market Buzz

2024-07-03

Meeting Outcome

General Meeting on 03-Jul-2024.

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