[IWCITY] General Meeting on 27-Jun-2024

Stock
[IWCITY]: ISKANDAR WATERFRONT CITY BERHAD
Announcement Date
29-Apr-2024
Reference No.
GMA-29042024-00100
Corporate Action ID
MY240429MEET0098
Type
General Meeting
Date & Time
27-Jun-2024 10:00
Depositor Date
20-Jun-2024
Venue
Fully Virtual through Live Streaming and Online Remote Voting Broadcast Venue at Board Room Ground Floor, #G08, Block 8, Danga Bay Jalan Skudai, 80200 Johor Bahru
Description
ISKANDAR WATERFRONT CITY BERHAD ("IWCITY" or "the Company") - Notice of 55th Annual General Meeting
IWCity Notice of 55th AGM and Administrative Guide.pdf
Outcome

The Board of Directors of Iskandar Waterfront City Berhad ("IWCITY" or "the Company") wishes to announce that all the ordinary resolutions and special resolution set out in the Notice of the 55thAnnual General Meeting ("55thAGM") dated 30 April2024were duly passed by the shareholders of the Company by way of poll at its 55thAGM held todayvia online meeting platform by Agmo Digital Solutions Sdn. Bhd.at https://web.vote2u.my.

Aegis Communication Sdn Bhdwas appointed to act as Scrutineer to validate thevotes cast at the meeting.

The results of the poll are set out below and the details of the poll results are as attached.

This announcement is dated 27 June 2024.

Voting Results

1. Ordinary

Description 
To re-elect Datuk Lim Keng Guan, the Director retiring in accordance with Clause 76(3) of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 95 2
No. of Shares 435,637,507 10,500
% of Voted Shares 99.9976 0.0024
Result Accepted

2. Ordinary

Description 
To re-elect Mr. Lim Foo Seng, the Director retiring in accordance with Clause 76(3) of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 93 3
No. of Shares 434,459,096 1,187,711
% of Voted Shares 99.7274 0.2726
Result Accepted

3. Ordinary

Description 
To re-elect Mr. Khairudin bin Hasan, the Director retiring in accordance with Clause 78 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 92 5
No. of Shares 435,614,497 33,510
% of Voted Shares 99.9923 0.0077
Result Accepted

4. Ordinary

Description 
To approve the payment of Directors remuneration payable not exceeding RM1,000,000 for the financial year ending 31 December 2024.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 79 14
No. of Shares 435,524,570 104,637
% of Voted Shares 99.9760 0.0240
Result Accepted

5. Ordinary

Description 
To re-appoint Messrs. Crowe Malaysia PLT as Auditors of the Company for the financial year ending 31 December 2024 and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 93 3
No. of Shares 435,572,007 63,000
% of Voted Shares 99.9855 0.0145
Result Accepted

6. Ordinary

Description 
Authority to issue and allot shares of the Company pursuant to Sections 75 & 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 76 21
No. of Shares 435,387,681 260,326
% of Voted Shares 99.9402 0.0598
Result Accepted

7. Ordinary

Description 
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature with the Related Parties as Disclosed under Paragraph 3.3 (1 to 3) of the Circular to Shareholders.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 87 10
No. of Shares 114,071,112 190,126
% of Voted Shares 99.8336 0.1664
Result Accepted

8. Ordinary

Description 
To approve Mr. Lim Foo Seng to continue in office as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 95 4
No. of Shares 434,442,080 1,200,827
% of Voted Shares 98.9976 1.0024
Result Accepted

9. Ordinary

Description 
To approve Dato' Hj. Ayub bin Mion to continue in office as Independent Non-Executive Chairman.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 95 5
No. of Shares 434,442,170 1,200,837
% of Voted Shares 98.9976 1.0024
Result Accepted

Remark
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2024-06-29

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2024-06-27

Meeting Outcome

General Meeting on 27-Jun-2024.

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