[YB] General Meeting on 12-Dec-2024

Stock
[YB]: YB VENTURES BERHAD
Announcement Date
29-Oct-2024
Reference No.
GMA-28102024-00048
Corporate Action ID
MY241028MEET0048
Type
General Meeting
Date & Time
12-Dec-2024 11:00
Depositor Date
04-Dec-2024
Venue
Broadcast Venue Unit 702, Level 7, Tropicana Gardens Office Tower, No. 2A, Persiaran Surian, 47810 Petaling Jaya, Selangor
Description
YB Ventures Berhad (the "Company") - Notice of 24th Annual General Meeting ("24th AGM") The 24th AGM of the Company will be conducted on fully virtual basis via remote participation through live streaming and online voting.
YB Ventures - AGM Advertisement and Administrative Guide.pdf
Outcome

The Board of Directors of YB Ventures Berhad ("Company") is pleased to announce that all the resolutions as set out in the Notice of the 24th Annual General Meeting ("AGM") dated 30 October 2024, were duly passed by the Company's shareholders at the AGM held on 12 December 2024.

All the resolutions were voted by way of poll and the results of the poll were validated by Aegis Communication Sdn Bhd, the Independent Scrutineer appointed by the Company. The details of the said results of the poll are set out below.

This announcement is dated 12 December 2024.

Voting Results

1. Ordinary Resolution 1

Description 
To re-elect Ms Kok Soke Kuen who retires in accordance with Clause 103 of the Constitution of the Company and being eligible, has offered herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 41 7
No. of Shares 42,346,464 4,636,148
% of Voted Shares 90.1322 9.8678
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Ms Chua Ya Ting who retires in accordance with Clause 110 of the Constitution of the Company and being eligible, has offered herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 41 7
No. of Shares 42,346,464 4,636,148
% of Voted Shares 90.1322 9.8678
Result Accepted

3. Ordinary Resolution 3

Description 
To approve the payment of Directors' fees and other benefits payable totaling RM300,000 for the period from 24th AGM until the conclusion of next AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 37 11
No. of Shares 42,342,863 4,639,749
% of Voted Shares 90.1245 9.8755
Result Accepted

4. Ordinary Resolution 4

Description 
To re-appoint Messrs. Morison LC PLT as 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 42 6
No. of Shares 42,426,464 4,556,148
% of Voted Shares 90.3025 9.6975
Result Accepted

5. Ordinary Resolution 5

Description 
To approve the authority to allot and issue shares in general pursuant to Sections 75 and 76 of the Companies Act 2016 ("CA2016"); and waiver of pre-emptive rights over new ordinary shares or other convertible securities in the Company under Section 85(1) of CA2016 read together with Clause 65 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 42 6
No. of Shares 42,426,464 4,556,148
% of Voted Shares 90.3025 9.6975
Result Accepted

6. Ordinary Resolution 6

Description 
To approve the proposed renewal of share buy-back authority for the Company to purchase up to 10% of the Company's total number of issued shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 42 6
No. of Shares 42,426,464 4,556,148
% of Voted Shares 90.3025 9.6975
Result Accepted

Remark
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