[BINACOM] General Meeting on 28-Jun-2024

Stock
[BINACOM]: BINASAT COMMUNICATIONS BERHAD
Announcement Date
26-Apr-2024
Reference No.
GMA-24042024-00061
Corporate Action ID
MY240424MEET0060
Type
General Meeting
Date & Time
28-Jun-2024 10:00
Depositor Date
21-Jun-2024
Venue
Broadcast Venue: Boardroom, Menara Binasat, Jalan Teknologi 4, Technology Park Malaysia, Bukit Jalil, 57000 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur,
Description
Binasat Communications Berhad ("the Company") - Notice of the Seventh ("7th") Annual General Meeting 7th Annual General Meeting of the Company will be conducted in a virtual manner through live streaming from the Broadcast Venue.
Binasat - Notice of AGM and Admin Guide.pdf
Outcome

The Board of Directors of Binasat Communications Berhad ("the Company") is pleased to announce that all the resolutions as prescribed in the notice convening the Seventh Annual General Meeting ("7th AGM") of the Company dated 29 April 2024wereduly passed by the shareholders of the Company by way of poll via Digital Ballot Form at the 7th AGM of the Company.


The results of the poll were validated by Cygnus Technology Solutions Sdn. Bhd., the Independent Scrutineer appointed by the Company. Please refer to the attachment for the details of the outcome.


This announcement is dated 28 June 2024.

Voting Results

1. Ordinary Resolution 1

Description 
To approve and ratify the payment of Directors' fees to the Non-Executive Directors of the Company up to an aggregate amount of RM144,000.00 for the period from 1 July 2023 to 31 March 2024.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 37 0
No. of Shares 117,866,652 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors' fees to the Non-Executive Directors of the Company up to an aggregate amount of RM381,000.00 for the period from 1 April 2024 until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 34 3
No. of Shares 117,865,452 1,200
% of Voted Shares 99.9990 0.0010
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Encik Zulamran Bin Hamat who retires pursuant to Clause 96 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 38 0
No. of Shares 116,866,652 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Mr. Ong Soon Lim who retires pursuant to Clause 102 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 39 0
No. of Shares 119,366,652 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Mr. Teh Li King who retires pursuant to Clause 102 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 39 0
No. of Shares 119,366,652 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Ordinary Resolution 6

Description 
To re-elect Ms. Yeong Siew Lee who retires pursuant to Clause 102 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 39 0
No. of Shares 119,366,652 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Ordinary Resolution 7

Description 
To re-elect Ms. Sharon Ng Saw Ean who retires pursuant to Clause 102 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 39 0
No. of Shares 119,366,652 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Ordinary Resolution 8

Description 
To re-appoint Messrs. Ecovis Malaysia PLT as Auditors of the Company for the ensuing financial year and to authorise the Directors to determine their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 39 0
No. of Shares 119,366,652 0
% of Voted Shares 100.0000 0.0000
Result Accepted

9. Ordinary Resolution 9

Description 
Authority to Allot and Issue Shares pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 38 1
No. of Shares 119,366,552 100
% of Voted Shares 99.9999 0.0001
Result Accepted

10. Ordinary Resolution 10

Description 
Proposed Renewal of Existing Shareholders' Mandate and Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 36 1
No. of Shares 20,644,531 100
% of Voted Shares 99.9995 0.0005
Result Accepted

Remark
-
Market Buzz

2024-07-01

Forum

2 New Comments

2024-06-28

Meeting Outcome

General Meeting on 28-Jun-2024.

2024-06-27

Additional Listing

Private Placement - 11,000,000 shares at 0.250.

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