Newsroom
General Meetings: Outcome Of Meeting
BackMay 14, 2024
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 14 May 2024 |
| 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-Eighth Annual General Meeting ("28th AGM") dated 15 April 2024 were duly passed at the 28th 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 14 May 2024. |
Voting Results |
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1. Resolution 1 |
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| 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 | 127 | 12 |
| No. of Shares | 203,987,388 | 90,944 |
| % of Voted Shares | 99.9554 | 0.0446 |
| Result | Accepted | |
2. Resolution 2 |
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| 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 | 128 | 10 |
| No. of Shares | 204,074,088 | 4,244 |
| % of Voted Shares | 99.9979 | 0.0021 |
| Result | Accepted | |
3. Resolution 3 |
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| Description | To re-elect Madam Josephine Phan Su Han 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 | 128 | 10 |
| No. of Shares | 204,074,088 | 4,244 |
| % of Voted Shares | 99.9979 | 0.0021 |
| Result | Accepted | |
4. Resolution 4 |
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| Description | To approve the payment of Directors' fees of RM468,681 (Ringgit Malaysia: Four Hundred Sixty Eight Thousand and Six Hundred Eighty One) only for the financial year ended 31 December 2023. | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 118 | 20 |
| No. of Shares | 204,026,784 | 51,548 |
| % of Voted Shares | 99.9747 | 0.0253 |
| Result | Accepted | |
5. Resolution 5 |
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| Description | To approve the payment of Directors' fees of RM488,280 (Ringgit Malaysia: Four Hundred Eighty Eight Thousand and Two Hundred Eighty) only for the financial year ending 31 December 2024. | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 117 | 21 |
| No. of Shares | 204,024,584 | 53,748 |
| % of Voted Shares | 99.9737 | 0.0263 |
| Result | Accepted | |
6. Resolution 6 |
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| 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 | 130 | 8 |
| No. of Shares | 204,073,200 | 5,132 |
| % of Voted Shares | 99.9975 | 0.0025 |
| Result | Accepted | |
7. Resolution 7 |
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| 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 | 119 | 19 |
| No. of Shares | 204,024,784 | 53,548 |
| % of Voted Shares | 99.9738 | 0.0262 |
| Result | Accepted | |
8. Resolution 8 |
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| Description | Authority to Issue Shares pursuant to the Companies Act 2016. | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 115 | 22 |
| No. of Shares | 197,680,990 | 6,395,342 |
| % of Voted Shares | 96.8662 | 3.1338 |
| Result | Accepted | |
9. Resolution 9 |
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| Description | Proposed Renewal of Authority for the Company to purchase its own shares. | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 118 | 19 |
| No. of Shares | 203,947,390 | 124,942 |
| % of Voted Shares | 99.9388 | 0.0612 |
| Result | Accepted | |
10. Resolution 10 |
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| 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 | 120 | 14 |
| No. of Shares | 15,483,890 | 51,042 |
| % of Voted Shares | 99.6714 | 0.3286 |
| Result | Accepted | |
Announcement Info
| Company Name | VSTECS BERHAD |
| Stock Name | VSTECS |
| Date Announced | 14 May 2024 |
| Category | General Meeting |
| Reference Number | GMA-13052024-00002 |
| Corporate Action ID | MY240513MEET0002 |