[SUCCESS] General Meeting on 03-Dec-2024

Stock
[SUCCESS]: SUCCESS TRANSFORMER CORP BHD
Announcement Date
29-Oct-2024
Reference No.
GMA-28102024-00027
Corporate Action ID
MY241028MEET0027
Type
General Meeting
Date & Time
03-Dec-2024 11:00
Depositor Date
26-Nov-2024
Venue
Broadcast Venue at the Conference Room of the Company, No. 5, Jalan TSB 8, Taman Industri Sungai Buloh, 47000 Sungai Buloh, Selangor Darul Ehsan,
Description
Success Transformer Corporation Berhad - Notice of Twentieth Annual General Meeting ("20th AGM")
STC - Notice of 20th AGM.pdf
Outcome

The Board of Directors of Success Transformer Corporation Berhad ("the Company") is pleased to announce that at the Twentieth Annual General Meeting ("20th AGM") of the Company held today, all the resolutions as set out in the Notice of the 20th AGM, dated 29October 2024, were duly passed by the shareholders of the Company.

The voting in respect of the resolutions were carried out by way of a poll and the results of the poll were validated by Scrutineer Solutions Sdn. Bhd., the Independent Scrutineer appointed by the Company.

Details of the said results of the poll are set out below.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' fees amounting to RM310,000/- for the financial year ending 30 June 2025 payable monthly in arrears after each month of completed service of the Directors during the subject financial year.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 125 26
No. of Shares 119,427,597 1,396,018
% of Voted Shares 98.8446 1.1554
Result Accepted

2. Ordinary Resolution 2

Description 
To approve an amount up to RM18,000/- as benefits payable to Non-Executive Directors of the Company for the period from 4 December 2024 to the Twenty-First Annual General Meeting of the Company to be held in year 2025 pursuant to Section 230(1)(b) of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 126 25
No. of Shares 119,431,597 1,392,018
% of Voted Shares 98.8479 1.1521
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Datuk Ir. Kamarudin Bin Md Derom who is retiring in accordance with Clause 90 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 131 20
No. of Shares 120,584,809 1,158,158
% of Voted Shares 99.0487 0.9513
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Dato' Tan Wei Neng who is retiring in accordance with Clause 90 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 130 21
No. of Shares 118,445,434 3,220,078
% of Voted Shares 97.3533 2.6467
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Ms. Tan Chung Ling who is retiring in accordance with Clause 90 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 129 22
No. of Shares 118,376,935 3,222,178
% of Voted Shares 97.3502 2.6498
Result Accepted

6. Ordinary Resolution 6

Description 
To re-appoint Messrs. Crowe Malaysia PLT as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 132 20
No. of Shares 120,603,859 1,158,158
% of Voted Shares 99.0488 0.9512
Result Accepted

7. Ordinary Resolution 7

Description 
Authority to issue shares pursuant to the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 122 31
No. of Shares 119,753,861 2,010,256
% of Voted Shares 98.3491 1.6509
Result Accepted

8. Ordinary Resolution 8

Description 
Proposed Renewal of Existing Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 126 26
No. of Shares 119,637,059 1,201,556
% of Voted Shares 99.0057 0.9943
Result Accepted

9. Ordinary Resolution 9

Description 
Proposed Renewal of Share Buy-Back Authority for the Company to purchase its own ordinary shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 128 25
No. of Shares 120,566,561 1,197,556
% of Voted Shares 99.0165 0.9835
Result Accepted

10. Ordinary Resolution 10

Description 
Proposed Renewal of Authority for the Company to allot and issue new ordinary shares in the Company ("STC Shares"), for the purpose of the Dividend Reinvestment Scheme that provides the shareholders of the Company with the option to elect to reinvest their cash dividends in new STC Shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 124 29
No. of Shares 120,352,361 1,411,756
% of Voted Shares 98.8406 1.1594
Result Accepted

Remark
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