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GENERAL MEETINGS: Outcome of Meeting

VSTECS BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 17 May 2022
Time 10:30 AM

Venue(s)
Broadcast Venue at Training Room, VSTECS Berhad

Lot 3, Jalan Teknologi 3/5,

Taman Sains Selangor, Kota Damansara,

47810 Petaling Jaya, Selangor Darul Ehsan

Malaysia

Outcome of Meeting

The Board of Directors of VSTECS Berhad ("VSTECS" or " the Company") wishes to announce that all resolutions set out in the Notice of the Twenty-Sixth Annual General Meeting ("26th AGM") dated 18 April 2022 were duly passed at the 26th AGM of the Company.

 

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

 

This announcement is dated 17 May 2022.


Voting Results


1. Resolution 1

Description
To re-elect Mr. Ong Wei Hiam who retires in accordance with Clause 21.6 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 123 18
No. of Shares 225,979,664 249,144
% of Voted Shares 99.8899 0.1101
Result Accepted

2. Resolution 2

Description
To re-elect Dato' Khoo Sin Aik who retires in accordance with Clause 21.6 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 124 17
No. of Shares 226,077,364 151,444
% of Voted Shares 99.9331 0.0669
Result Accepted

3. Resolution 3

Description
To re-elect Ms. Cheryl Khor Hui Peng who retires in accordance with Clause 21.10 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 123 18
No. of Shares 225,979,664 249,144
% of Voted Shares 99.8899 0.1101
Result Accepted

4. Resolution 4

Description
To re-elect Madam Lee Marn Fong @ Wu Marn Fong who retires in accordance with Clause 21.10 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 122 17
No. of Shares 182,697,364 151,444
% of Voted Shares 99.9172 0.0828
Result Accepted

5. Resolution 5

Description
To approve the payment of Directors' fees of RM404,035/- (Ringgit Malaysia: Four Hundred Four Thousand and Thirty-Five) only for the financial year ended 31 December 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 117 24
No. of Shares 226,055,060 173,748
% of Voted Shares 99.9232 0.0768
Result Accepted

6. Resolution 6

Description
To re-appoint KPMG PLT as Auditors of the Company until the 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 131 9
No. of Shares 226,214,276 13,432
% of Voted Shares 99.9941 0.0059
Result Accepted

7. Resolution 7

Description
Payment of Benefits Payable to the Directors under Section 230 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 110 31
No. of Shares 226,043,048 185,760
% of Voted Shares 99.9179 0.0821
Result Accepted

8. Resolution 8

Description
Proposed Retention of Mr. Wong Heng Chong as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 122 19
No. of Shares 225,974,664 254,144
% of Voted Shares 99.8877 0.1123
Result Accepted

9. Resolution 9

Description
Authority to Issue Shares pursuant to the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 118 23
No. of Shares 225,599,472 629,336
% of Voted Shares 99.7218 0.2782
Result Accepted

10. Resolution 10

Description
Proposed Renewal of Authority for the Company to purchase its own shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 125 16
No. of Shares 226,066,484 162,324
% of Voted Shares 99.9282 0.0718
Result Accepted

11. Resolution 11

Description
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 120 17
No. of Shares 38,078,072 156,336
% of Voted Shares 99.5911 0.4089
Result Accepted






Announcement Info

Company Name VSTECS BERHAD
Stock Name VSTECS
Date Announced 17 May 2022
Category General Meeting
Reference Number GMA-14052022-00002
Corporate Action ID MY220514MEET0002



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