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GENERAL MEETINGS: Outcome of Meeting

LION INDUSTRIES CORPORATION BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 25 May 2023
Time 10:30 AM

Venue(s)
Broadcast Venue, Meeting Hall, Level 16, Lion Office Tower

No. 1 Jalan Nagasari

50200 Kuala Lumpur

Wilayah Persekutuan

Malaysia

Online Meeting Platform via Securities Services e-Portal

at https://sshsb.net.my/

with Remote Participation and Voting facilities

Malaysia

Outcome of Meeting

The Board of Directors of Lion Industries Corporation Berhad ("LICB") wishes to announce that all the ordinary resolutions set out in the Notice of the 92nd Annual General Meeting of LICB ("92nd AGM") were duly passed by the Shareholders by way of poll at the 92nd AGM held on 25 May 2023. The results of the poll were duly verified by Commercial Quest Sdn Bhd, the Independent Scrutineers appointed by LICB. 

 

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


Voting Results


1. Ordinary Resolution 1

Description
To approve the payment of Directors' fees amounting to RM270,000 for the financial year ended 31 December 2022.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 269 97
No. of Shares 305,197,500 403,143
% of Voted Shares 99.8681 0.1319
Result Accepted

2. Ordinary Resolution 2

Description
To approve the payment of Directors' benefits of up to RM87,000 for the period commencing after the 92nd Annual General Meeting until the next annual general meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 267 99
No. of Shares 305,195,188 405,455
% of Voted Shares 99.8673 0.1327
Result Accepted

3. Ordinary Resolution 3

Description
To re-elect Y. Bhg. Tan Sri Cheng Heng Jem who was appointed during the financial year and retires in accordance with Clause 111 of the Company's Constitution and who being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 295 76
No. of Shares 305,312,222 299,095
% of Voted Shares 99.9021 0.0979
Result Accepted

4. Ordinary Resolution 4

Description
To re-elect Ms Cheng Hui Ya, Serena who retires by rotation in accordance with Clause 110 of the Company's Constitution and who being eligible, has offered herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 295 76
No. of Shares 305,312,222 299,095
% of Voted Shares 99.9021 0.0979
Result Accepted

5. Ordinary Resolution 5

Description
To re-appoint Messrs Mazars PLT as Auditors of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 315 55
No. of Shares 305,557,725 53,092
% of Voted Shares 99.9826 0.0174
Result Accepted

6. Ordinary Resolution 6

Description
To retain Y. M. Datuk Seri Utama Raja Nong Chik bin Dato' Raja Zainal Abidin as an independent non-executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 289 80
No. of Shares 305,204,044 299,273
% of Voted Shares 99.9020 0.0980
Result Accepted

7. Ordinary Resolution 7

Description
To approve the authority to Directors to issue and allot shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 286 84
No. of Shares 305,253,780 349,537
% of Voted Shares 99.8856 0.1144
Result Accepted

8. Ordinary Resolution 8

Description
To approve the proposed renewal of shareholders' mandate for recurrent related party transactions.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 281 76
No. of Shares 5,329,481 300,584
% of Voted Shares 94.6611 5.3389
Result Accepted

9. Ordinary Resolution 9

Description
To approve the proposed renewal of share buy-back authority.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 302 68
No. of Shares 305,307,048 296,269
% of Voted Shares 99.9031 0.0969
Result Accepted






Announcement Info

Company Name LION INDUSTRIES CORPORATION BERHAD
Stock Name LIONIND
Date Announced 25 May 2023
Category General Meeting
Reference Number GMA-23052023-00018
Corporate Action ID MY230523MEET0018



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