[SLVEST] General Meeting on 30-Aug-2024

Stock
[SLVEST]: SOLARVEST HOLDINGS BERHAD
Announcement Date
30-Jul-2024
Reference No.
GMA-30072024-00004
Corporate Action ID
MY240730MEET0004
Type
General Meeting
Date & Time
30-Aug-2024 10:00
Depositor Date
23-Aug-2024
Venue
Conference Room (Marvel), L1-01, Pacific 63@PJ Centre, No. 5, Jalan 13/6, Seksyen 13, 46200 Petaling Jaya, Selangor, and via the meeting platform at https://web.vote2u.my (Domain registration number with MYNIC D6A471702)
Description
Notice of Seventh Annual General Meeting ("7th AGM") of Solarvest Holdings Berhad The 7th AGM will be held on a fully virtual basis through live streaming from the broadcast venue and online remote voting via the RPV facilities.
Notice and Administrative Guide.pdf
Outcome

The Board of Directors of Solarvest Holdings Berhad ("Solarvest" or "the Company") wishes to announce that all of the resolutions as set out in the Notice of Seventh Annual General Meeting ("7th AGM") dated 31 July 2024were duly passed by the shareholders by way of poll voting at the 7th AGM held today. The details of the poll results are set out below.

The results of the poll were validated by Aegis Communication Sdn. Bhd., the Independent Scrutineer appointed by the Company.

This announcement is dated 30August 2024.

Voting Results

1. Ordinary Resolution 1

Description 
Approval of the increase in the Directors' fee of RM24,000.00 payable to the Independent Non-Executive Directors entitled to be received by the Independent Non-Executive Directors for the period from 31 August 2023 to 30 August 2024.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 75 17
No. of Shares 499,429,734 33,928
% of Voted Shares 99.9932 0.0068
Result Accepted

2. Ordinary Resolution 2

Description 
Approval of the following payment to Non-Executive Directors:-

1) Directors' fees

Payment to Non-Executive Directors' fees for an amount of up to RM468,000.00 payable to Non-Executive Directors on a monthly basis for the period from 31 August 2024 until the next Annual General Meeting of the Company.

2) Directors' benefits (excluding Directors' fees)

Payment to Non-Executive Directors' fees for an amount of up to RM24,000.00 payable to Non-Executive Directors for the period from 31 August 2024 until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 75 18
No. of Shares 509,424,764 38,898
% of Voted Shares 99.9924 0.0076
Result Accepted

3. Ordinary Resolution 3

Description 
Re-election of Dato' Che Halin Bin Mohd Hashim as Director who retires pursuant to Clause 85.1 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 88 9
No. of Shares 491,960,874 17,727,431
% of Voted Shares 96.5219 3.4781
Result Accepted

4. Ordinary Resolution 4

Description 
Re-election of Mr. Lim Chin Siu as Director who retires pursuant to Clause 85.1 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 91 6
No. of Shares 504,460,177 228,128
% of Voted Shares 99.9548 0.0452
Result Accepted

5. Ordinary Resolution 5

Description 
Re-election of Puan Azian Binti Mohd Yusof as Director who retires pursuant to Clause 85.1 of the Company's Constitution and being eligible, has offered herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 89 8
No. of Shares 509,684,375 3,930
% of Voted Shares 99.9992 0.0008
Result Accepted

6. Ordinary Resolution 6

Description 
Re-election of Mr. Liew Chee Ing as Director who retires pursuant to Clause 92 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 90 7
No. of Shares 509,456,977 231,328
% of Voted Shares 99.9546 0.0454
Result Accepted

7. Ordinary Resolution 7

Description 
Re-election of Puan Rashidah Binti Othman as Director who retires pursuant to Clause 92 of the Company's Constitution and being eligible, has offered herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 89 8
No. of Shares 509,684,375 3,930
% of Voted Shares 99.9992 0.0008
Result Accepted

8. Ordinary Resolution 8

Description 
Re-appointment of Messrs. Ecovis Malaysia PLT as the Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 89 8
No. of Shares 498,455,777 11,232,528
% of Voted Shares 97.7962 2.2038
Result Accepted

9. Ordinary Resolution 9

Description 
Authority to issue shares pursuant to the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 83 13
No. of Shares 427,088,725 82,579,580
% of Voted Shares 83.7974 16.2026
Result Accepted

10. Ordinary Resolution 10

Description 
Proposed Authority for the Company to purchase its own ordinary shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 87 10
No. of Shares 460,513,332 49,175,018
% of Voted Shares 90.3519 9.6481
Result Accepted

11. Ordinary Resolution 11

Description 
Proposed Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature as set out in sections 3.3.1 (i) to 3.3.1 (ii) of the Circular to Shareholders dated 31 July 2024
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 85 10
No. of Shares 501,490,174 8,388
% of Voted Shares 99.9983 0.0017
Result Accepted

12. Ordinary Resolution 12

Description 
Proposed Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature as set out in Section 3.3.1 (iii) of the Circular to Shareholders dated 31 July 2024.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 75 10
No. of Shares 240,532,992 8,388
% of Voted Shares 99.9965 0.0035
Result Accepted

Remark
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