[GENETEC] EGM on 29-Aug-2024

Stock
[GENETEC]: GENETEC TECHNOLOGY BERHAD
Announcement Date
31-Jul-2024
Reference No.
GMA-29072024-00018
Corporate Action ID
MY240729MEET0017
Type
EGM
Date & Time
29-Aug-2024 09:30
Depositor Date
19-Aug-2024
Venue
Meeting online platform of TIIH Online provided by Tricor Investor & Issuing House Services Sdn. Bhd. in Malaysia via its website at https://tiih.online or https://tiih.com.my (Domain Registration number with MYNIC: D1A282781)
Description
GENETEC TECHNOLOGY BERHAD - Notice of Extraordinary General Meeting
Genetec_Notice of EGM.pdf
Outcome

The Board of Directors of Genetec Technology Berhad wishes to announce that Ordinary Resolutions 1 and 3have been approved by the shareholders of the Company at the Extraordinary General Meeting ("EGM") held today andOrdinary Resolution 2was not carried.


All the resolutions set out in the Notice of the EGM dated 1 August 2024 were voted by way of poll via remote participation and electronic voting at the EGM. The detailed poll results were duly verified by the independent Scrutineers, Quantegic Services Sdn Bhd as per the attachment and are set out below.

Voting Results

1. Ordinary Resolution 1

Description 
PROPOSED ESTABLISHMENT OF A LONG-TERM INCENTIVE PLAN IN THE FORM OF AN EMPLOYEES' SHARE GRANT SCHEME FOR THE ELIGIBLE DIRECTORS AND EMPLOYEES OF GENETEC AND ITS SUBSIDIARIES (EXCLUDING DORMANT SUBSIDIARIES) ("PROPOSED LTIP") AND WAIVER OF PRE-EMPTIVE RIGHTS TO NEW SHARES UNDER SECTION 85(1) OF THE COMPANIES ACT 2016 READ TOGETHER WITH CLAUSE 63 OF THE CONSTITUTION OF THE COMPANY
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 124 109
No. of Shares 261,576,112 237,867,261
% of Voted Shares 52.3735 47.6265
Result Accepted

2. Ordinary Resolution 2

Description 
PROPOSED ALLOCATION OF THE GRANTS TO THE EXECUTIVE DIRECTORS OF GENETEC PURSUANT TO THE PROPOSED LTIP
- CHIN KEM WENG
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 114 112
No. of Shares 200,900,347 237,871,861
% of Voted Shares 45.7869 54.2131
Result Rejected

3. Ordinary Resolution 3

Description 
PROPOSED ALLOCATION OF THE GRANTS TO THE EXECUTIVE DIRECTORS OF GENETEC PURSUANT TO THE PROPOSED LTIP
- SOW EWE LEE
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 119 112
No. of Shares 249,363,512 237,871,861
% of Voted Shares 51.1793 48.8207
Result Accepted

Remark
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