[MELEWAR] General Meeting on 03-Dec-2024

Stock
[MELEWAR]: MELEWAR INDUSTRIAL GROUP BHD
Announcement Date
29-Oct-2024
Reference No.
GMA-23102024-00001
Corporate Action ID
MY241023MEET0001
Type
General Meeting
Date & Time
03-Dec-2024 11:30
Depositor Date
27-Nov-2024
Venue
Broadcast Venue: Astana Meeting Room 15th Floor, No. 566, Jalan Ipoh 51200 Kuala Lumpur
Description
Melewar Industrial Group Berhad ("MIG" or "the Company") Notice of 55th Annual General Meeting ("AGM") The 55th AGM of the Company will be conducted electronically in its entirety at the Broadcast Venue via Remote Participation and Voting facilities.
Notice of 55th AGM.pdf
Outcome

The Board of Directors of Melewar Industrial Group Berhad ("the Company") is pleased to announce that all the ordinary resolutions as set out in the Notice of the 55th Annual General Meeting ("AGM") of the Company dated 30 October 2024 were duly passed at the aforesaid AGM which was conducted electronically in its entirety via Remote Participation and Voting facilities ("RPV") at the above Broadcast Venue on 3 December 2024.

The Audited Financial Statements of the Company for the financial year ended 30 June 2024 and the Reports of the Directors and Auditors thereon were received and duly tabled at the 55th AGM under Agenda 1.

All the ordinary resolutions were voted by way of poll via RPV at the 55th AGM in accordance with Paragraph 8.29A(1) of Bursa Malaysia Securities Berhad's Main Market Listing Requirements.

The detailed poll results were verified by the Independent Scrutineers, Symphony Corporate Services Sdn Bhd as per attachment.

Please refer to the table below for the poll results.

Voting Results

1. 1

Description 
To approve the payment of Directors' fees amounting to RM408,000.00 for the period from 1 January 2025 to 31 December 2025 to be payable quarterly in arrears to the Non-Executive Directors of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 78 41
No. of Shares 171,563,150 79,242
% of Voted Shares 99.9538 0.0462
Result Accepted

2. 2

Description 
To approve an amount of up to RM93,000.00 as benefits payable to the Non-Executive Directors of the Company for the period from 1 January 2025 to 31 December 2025.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 78 41
No. of Shares 171,563,050 79,642
% of Voted Shares 99.9536 0.0464
Result Accepted

3. 3

Description 
To re-elect Azlan bin Abdullah who is retiring in accordance with Article 96(1) of the Company's Constitution and who, being eligible, offer himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 96 24
No. of Shares 171,586,794 55,998
% of Voted Shares 99.9674 0.0326
Result Accepted

4. 4

Description 
To re-elect Datin Seri Raihanah Begum binti Abdul Rahman who is retiring in accordance with Article 96(1) of the Company's Constitution and who, being eligible, offer herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 95 25
No. of Shares 171,586,792 56,000
% of Voted Shares 99.9674 0.0326
Result Accepted

5. 5

Description 
To re-appoint Messrs KPMG PLT as Auditors of the Company, to hold office until conclusion of the next AGM and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 106 15
No. of Shares 171,594,621 48,271
% of Voted Shares 99.9719 0.0281
Result Accepted

6. 6

Description 
To approve the Proposed Renewal of Share Buy-Back Authority.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 98 22
No. of Shares 171,592,892 49,900
% of Voted Shares 99.9709 0.0291
Result Accepted

7. 7

Description 
To approve the Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transaction with Trace Management Services Sdn Bhd.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 95 24
No. of Shares 3,014,128 55,900
% of Voted Shares 98.1792 1.8208
Result Accepted

8. 8

Description 
To approve the Proposed Renewal and New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 95 24
No. of Shares 3,014,128 55,900
% of Voted Shares 98.1792 1.8208
Result Accepted

9. 9

Description 
Authority to issue and allot shares pursuant to Sections 75 and 76 of the Companies Act 2016
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 92 28
No. of Shares 171,144,592 498,200
% of Voted Shares 99.7097 0.2903
Result Accepted

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