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GENERAL MEETINGS: Outcome of Meeting

UOA DEVELOPMENT BHD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 28 May 2024
Time 10:00 AM

Venue(s)
Spectrum, Level 3A, Connexion Conference & Event Centre@Nexus,

Bangsar South City, No. 7, Jalan Kerinchi,

59200 Kuala Lumpur.

Malaysia

Outcome of Meeting

The Board of Directors of UOA Development Bhd ("UOADEV" or "the Company") wishes to announce that all the resolutions as set out in the Notice of the 20th Annual General Meeting ("AGM") of the Company dated 28 May 2024 were duly passed by the shareholders of the Company at the 20th AGM.

 

The Audited Financial Statements for the financial year ended 31 December 2023 together with the Reports of the Directors and Auditors theron were received and duly tabled at the 20th AGM.

 

All the resolutions were voted by poll and the results of the poll were validated by Messrs. Quantegic Services Sdn Bhd., the independent scrutineer appointed by the Company. Details of the poll results are as follows.

 

This announcement is dated 28 May 2024.


Voting Results


1. Resolution 1

Description
To approve a Final Single Tier Dividend of 10 sen per share for the financial year ended 31 December 2023.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 155 3
No. of Shares 2,269,684,903 12,800
% of Voted Shares 99.9994 0.0006
Result Accepted

2. Resolution 2

Description
To approve the payment of Directors' fees and meeting allowances payable up to an amount of RM211,000.00 for the financial year ending 31 December 2024.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 153 4
No. of Shares 2,269,678,203 12,500
% of Voted Shares 99.9994 0.0006
Result Accepted

3. Resolution 3

Description
To re-elect Mr. Kong Chong Soon @ Chi Suim who shall retire pursuant to Article 100 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 151 6
No. of Shares 2,269,517,403 173,300
% of Voted Shares 99.9924 0.0076
Result Accepted

4. Resolution 4

Description
To re-elect Mr. Fong Heng Boo who shall retire pursuant to Article 100 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 102 36
No. of Shares 1,736,577,301 200,349,002
% of Voted Shares 89.6563 10.3437
Result Accepted

5. Resolution 5

Description
To re-appoint Grant Thornton Malaysia 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 153 4
No. of Shares 2,269,536,903 12,500
% of Voted Shares 99.9994 0.0006
Result Accepted

6. Resolution 6

Description
Authority to Issue Shares pursuant to Section 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 138 19
No. of Shares 1,795,469,699 474,079,704
% of Voted Shares 79.1113 20.8887
Result Accepted

7. Resolution 7

Description
Proposed renewal of authority from shareholders to allot and issue new ordinary shares in UOA Development Bhd ("UOA" or "the Company") ("Shares") for the purpose of the Company's Dividend Reinvestment Scheme ("DRS") that provides the shareholders of UOA ("Shareholders") the option to elect to reinvest their cash dividend in new Shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 148 8
No. of Shares 2,232,632,103 36,910,300
% of Voted Shares 98.3737 1.6263
Result Accepted

8. Resolution 8

Description
Proposed Renewal of Shareholders' Mandate for Existing Recurrent Related Party Transactions of a Revenue or Trading nature and for Provision of Financial Assistance with UOA Holdings Group.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 117 36
No. of Shares 533,341,341 27,909,542
% of Voted Shares 95.0273 4.9727
Result Accepted

9. Resolution 9

Description
Proposed Renewal of Shareholders' Mandate for Existing Recurrent Related Party Transactions of a Revenue or Trading Nature and for Provision of Financial Assistance with Transmetro Group.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 116 36
No. of Shares 533,334,341 27,909,542
% of Voted Shares 95.0272 4.9728
Result Accepted

10. Resolution 10

Description
Proposed New Shareholders' Mandate for New Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 149 4
No. of Shares 561,238,383 12,500
% of Voted Shares 99.9978 0.0022
Result Accepted

11. Resolution 11

Description
Proposed Renewal of Share Buy-Back Authority.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 151 5
No. of Shares 2,269,495,103 19,500
% of Voted Shares 99.9991 0.0009
Result Accepted



Please refer attachment below.

Attachments

UOADEV-20th AGM-Poll Results.pdf
353.4 kB




Announcement Info

Company Name UOA DEVELOPMENT BHD
Stock Name UOADEV
Date Announced 28 May 2024
Category General Meeting
Reference Number GMA-24052024-00016
Corporate Action ID MY240524MEET0016



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