[MAGNI] General Meeting on 02-Oct-2024

Stock
[MAGNI]: MAGNI-TECH INDUSTRIES BHD
Announcement Date
29-Aug-2024
Reference No.
GMA-23082024-00003
Corporate Action ID
MY240823MEET0003
Type
General Meeting
Date & Time
02-Oct-2024 10:30
Depositor Date
26-Sep-2024
Venue
Online meeting platform at https://www.propollsolutions.com.my provided by Propoll Solutions Sdn Bhd (Domain registration number D1A403203)
Description
27th Annual General Meeting
Magni_Notice of AGM 2024 and Letter to Shareholder 2024 and Proxy Form 2024.pdf
Outcome

The Board of Directors of Magni-Tech Industries Berhad ("the Company") is pleased to announce that all the resolutions put to the 27thAnnual General Meeting ("AGM") of the Company held today, 02October 2024were carried.

All the resolutions were voted upon by poll and the results of the poll were validated by Messrs. Symphony Corporate ServicesSdn. Bhd.,the independent scrutineer appointed by the Company.

The results of the poll are set out below.

This announcement is dated 02October 2024.

Voting Results

1. Ordinary Resolution 1

Description 
To re-elect Mr. Tan Poay Seng, a Director who retires by rotation in accordance with Article 126 of the Companys Constitution and who, being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 63 8
No. of Shares 274,950,474 7,921,337
% of Voted Shares 97.1997 2.8003
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Mr. Hng Cheok Seng, a Director who retires by rotation in accordance with Article 126 of the Companys Constitution and who, being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 61 9
No. of Shares 279,454,808 3,416,003
% of Voted Shares 98.7924 1.2076
Result Accepted

3. Ordinary Resolution 3

Description 
To approve the payment of Directors Fees of not exceeding RM145,000.00 to the Non-Executive Directors of the Company for the financial year ended 30 April 2024.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 56 11
No. of Shares 282,832,673 12,138
% of Voted Shares 99.9957 0.0043
Result Accepted

4. Ordinary Resolution 4

Description 
To re-appoint Messrs. Grant Thornton Malaysia PLT as auditors of the Company to hold office until the conclusion of the next AGM of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 62 9
No. of Shares 282,823,507 48,304
% of Voted Shares 99.9829 0.0171
Result Accepted

5. Ordinary Resolution 5

Description 
Authority for Directors to allot and issue new shares pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 52 19
No. of Shares 268,741,513 14,130,298
% of Voted Shares 95.0047 4.9953
Result Accepted

6. Ordinary Resolution 6

Description 
Proposed renewal of share buy-back authority of up to 10% of the total number of issued shares of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 61 9
No. of Shares 282,461,722 410,089
% of Voted Shares 99.8550 0.1450
Result Accepted

7. Ordinary Resolution 7

Description 
Proposed continuation of Mr. Tan Poh Heng in office as Independent Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 2 0
No. of Shares 234,895,000 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Ordinary Resolution 7 - Tier 2

Description 
Proposed continuation of Mr. Tan Poh Heng in office as Independent Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 60 9
No. of Shares 32,039,992 15,936,819
% of Voted Shares 66.7822 33.2178
Result Accepted

Remark
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