[OVH] General Meeting on 26-Jun-2024

Stock
[OVH]: OCEAN VANTAGE HOLDINGS BERHAD
Announcement Date
26-Apr-2024
Reference No.
GMA-26042024-00032
Corporate Action ID
MY240426MEET0032
Type
General Meeting
Date & Time
26-Jun-2024 10:00
Depositor Date
19-Jun-2024
Venue
Online meeting platform at https://web.vote2u.my/ (Domain registration number with MYNIC D6A471702) provided by Agmo Digital Solutions Sdn. Bhd. via Vote2U online website
Description
Ocean Vantage Holdings Berhad ("the Company") - Notice of Sixth Annual General Meeting ("6th AGM") The 6th AGM of the Company will be conducted on a fully virtual basis through live streaming and online remote voting from the online meeting platform.
OVH_Notice of AGM _Admin Guide.pdf
Outcome

The Board of Directors of Ocean Vantage Holdings Berhad ("OVH" or "the Company") wishes to announce that all of the resolutions as set out in the Notice of Sixth Annual General Meeting ("6th AGM") dated 29 April 2024 were duly passed by the Shareholders by way of poll voting,except for Ordinary Resolution 4 which has been rejected at the 6th AGM held today.

The details of the poll results are set out below. The results of the poll were validated by Aegis Communication Sdn. Bhd., the Independent Scrutineer appointed by the Company.

This announcement is dated 26 June 2024.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the increase in the Non-Executive Directors' fees of RM6,150.00 payable to the Non-Executive Directors entitled to receive the Directors' fees for the period from 1 January 2024 to 26 June 2024.

AND THAT to approve the increase in the Non-Executive Directors' benefits (excluding Directors' fees) of RM10,000.00 payable to the Non-Executive Directors entitled to receive the Directors benefits for the period from 1 January 2024 to 26 June 2024.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 296 54
No. of Shares 119,289,647 1,721,340
% of Voted Shares 98.5775 1.4225
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the following payment of Non-Executive Directors' fees for an amount of up to RM258,300.00 payable to the Non-Executive Directors on a monthly basis for the period from 27 June 2024 until the next Annual General Meeting of the Company.

AND THAT to approve the Non-Executive Directors' benefits (excluding Directors' fees) for an amount of up to RM12,000.00 payable to Non-Executive Directors for the period from 27 June 2024 until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 298 49
No. of Shares 119,237,049 1,773,638
% of Voted Shares 98.5343 1.4657
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mr. Yau Kah Tak, the retiring Director of the Company, who retires pursuant to Clause 84 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 316 36
No. of Shares 121,215,242 5,645
% of Voted Shares 99.9953 0.0047
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Encik Reza-Rizvy Bin Ahmad Rony Assim, the retiring Director of the Company, who retires pursuant to Clause 84 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 316 35
No. of Shares 21,580,655 99,640,132
% of Voted Shares 17.8028 82.1972
Result Rejected

5. Ordinary Resolution 5

Description 
To re-appoint Messrs. Baker Tilly Monteiro Heng PLT as the 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 319 33
No. of Shares 119,508,256 1,712,631
% of Voted Shares 98.5872 1.4128
Result Accepted

6. Ordinary Resolution 6

Description 
Authority to allot and issue shares pursuant to the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 312 36
No. of Shares 119,447,544 1,745,043
% of Voted Shares 98.5601 1.4399
Result Accepted

Remark
-
Market Buzz

2024-10-01

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