[PARAGON] General Meeting on 26-Jun-2024

Stock
[PARAGON]: PARAGON UNION BHD
Announcement Date
05-Jun-2024
Reference No.
GMA-05062024-00001
Corporate Action ID
MY240429MEET0057
Type
General Meeting
Date & Time
26-Jun-2024 10:30
Depositor Date
14-Jun-2024
Venue
Broadcast Venue at Board Room, Lot 14, Jalan CJ 1/1, Kawasan Perindustrian Cheras Jaya, Batu 11, 43200 Cheras, Selangor Darul Ehsan,
Description
PARAGON UNION BERHAD Notice of Thirtieth (30th) Annual General Meeting
Paragon - Notice of 30th AGM.pdf
Outcome

The Board of Directors of Paragon Union Berhad (the “Company”) is pleased to announce that all the resolutions as set out in the Notice of the Thirtieth (30th) Annual General Meeting (“30th AGM”) of the Company dated 30 April 2024were duly approved by the shareholders of the Company at the 30thAGM held today, 26 June 2024.


The voting in respect of the resolutions was carried out by way of poll via Remote Participation and Voting facilities and the results were validated by CSC Securities Services SdnBhd, the Independent Scrutineer appointed by the Company.


This announcement is dated 26 June 2024.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' fees and other benefits payable of up to RM230,000.00 for the financial year ending 31 December 2024.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 34 2
No. of Shares 53,522,089 3
% of Voted Shares 99.9999 0.0001
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Mr. Wong Ee-Coln, who retires by rotation in accordance with Clause 97.1 of the Company's Constitution and who being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 34 1
No. of Shares 53,222,091 1
% of Voted Shares 99.9999 0.0001
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Madam Tong Siut Moi, who retires by rotation in accordance with Clause 97.1 of the Company's Constitution and who being eligible, has offered herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 35 1
No. of Shares 53,522,091 1
% of Voted Shares 99.9999 0.0001
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Ms. Teo Siang Ly, who retires by rotation in accordance with Clause 104 of the
Company's Constitution and who being eligible, have offered herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 35 1
No. of Shares 53,522,091 1
% of Voted Shares 99.9999 0.0001
Result Accepted

5. Ordinary Resolution 5

Description 
To re-appoint Messrs. Kreston John & Gan as auditors of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 35 1
No. of Shares 53,522,091 1
% of Voted Shares 99.9999 0.0001
Result Accepted

6. Ordinary Resolution 6

Description 
Authority to issue and allot shares pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 33 3
No. of Shares 53,522,087 5
% of Voted Shares 99.9999 0.0001
Result Accepted

7. Ordinary Resolution 7

Description 
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 29 4
No. of Shares 11,603,193 205
% of Voted Shares 99.9982 0.0018
Result Accepted

8. Ordinary Resolution 8

Description 
Proposed allocations of Share Options and/or Award of Paragon Shares to Koh Huey Min under the Long-Term Incentive Scheme.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 33 3
No. of Shares 53,522,087 5
% of Voted Shares 99.9999 0.0001
Result Accepted

9. Ordinary Resolution 9

Description 
Proposed allocations of Share Options and/or Award of Paragon Shares to Teo Siang Ly under the Long-Term Incentive Scheme.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 33 3
No. of Shares 53,522,087 5
% of Voted Shares 99.9999 0.0001
Result Accepted

Remark
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Market Buzz

2024-06-26

Meeting Outcome

General Meeting on 26-Jun-2024.

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