[GENETEC] EGM on 29-Aug-2024
Announcement Date
31-Jul-2024
Reference No.
GMA-29072024-00018
Corporate Action ID
MY240729MEET0017
Type
EGM
Date & Time
29-Aug-2024 09:30
Depositor Date
19-Aug-2024
Venue
Meeting online platform of TIIH Online provided by
Tricor Investor & Issuing House Services Sdn. Bhd.
in Malaysia via its website at https://tiih.online or
https://tiih.com.my (Domain Registration number with MYNIC: D1A282781)
Description
Outcome
The Board of Directors of Genetec Technology Berhad wishes to announce that Ordinary Resolutions 1 and 3have been approved by the shareholders of the Company at the Extraordinary General Meeting ("EGM") held today andOrdinary Resolution 2was not carried.
All the resolutions set out in the Notice of the EGM dated 1 August 2024 were voted by way of poll via remote participation and electronic voting at the EGM. The detailed poll results were duly verified by the independent Scrutineers, Quantegic Services Sdn Bhd as per the attachment and are set out below.
Voting Results |
||
1. Ordinary Resolution 1 |
||
| Description |
PROPOSED ESTABLISHMENT OF A LONG-TERM INCENTIVE PLAN IN THE FORM OF AN EMPLOYEES' SHARE GRANT SCHEME FOR THE ELIGIBLE DIRECTORS AND EMPLOYEES OF GENETEC AND ITS SUBSIDIARIES (EXCLUDING DORMANT SUBSIDIARIES) ("PROPOSED LTIP") AND WAIVER OF PRE-EMPTIVE RIGHTS TO NEW SHARES UNDER SECTION 85(1) OF THE COMPANIES ACT 2016 READ TOGETHER WITH CLAUSE 63 OF THE CONSTITUTION OF THE COMPANY
|
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 124 | 109 |
| No. of Shares | 261,576,112 | 237,867,261 |
| % of Voted Shares | 52.3735 | 47.6265 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
||
| Description |
PROPOSED ALLOCATION OF THE GRANTS TO THE EXECUTIVE DIRECTORS OF GENETEC PURSUANT TO THE PROPOSED LTIP - CHIN KEM WENG |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 114 | 112 |
| No. of Shares | 200,900,347 | 237,871,861 |
| % of Voted Shares | 45.7869 | 54.2131 |
| Result | Rejected | |
3. Ordinary Resolution 3 |
||
| Description |
PROPOSED ALLOCATION OF THE GRANTS TO THE EXECUTIVE DIRECTORS OF GENETEC PURSUANT TO THE PROPOSED LTIP - SOW EWE LEE |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 119 | 112 |
| No. of Shares | 249,363,512 | 237,871,861 |
| % of Voted Shares | 51.1793 | 48.8207 |
| Result | Accepted | |
Remark
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