[FPGROUP] General Meeting on 21-Nov-2024

Stock
[FPGROUP]: FOUNDPAC GROUP BERHAD
Announcement Date
17-Oct-2024
Reference No.
GMA-17102024-00002
Corporate Action ID
MY241017MEET0002
Type
General Meeting
Date & Time
21-Nov-2024 09:00
Depositor Date
15-Nov-2024
Venue
Wembley Room 10, Level 9 The Wembley, A St Giles Hotel, Penang 183, Jalan Magazine 10300 Penang
Description
FOUNDPAC GROUP BERHAD - 9th Annual General Meeting
FPGROUP-Notice of 9th AGM.pdf
Outcome

9TH ANNUAL GENERAL MEETING DULY CONVENED AND HELD ON 21 NOVEMBER 2024 (“the AGM”)

On behalf of the Board of Directors of FoundPac Group Berhad (the “Company” or “FPGROUP”), we wish to inform that Commercial Quest Sdn Bhd was appointed by FPGROUP as scrutineer to validate the votes cast at the AGM. The poll-voting results of the AGM are as follows.

The Company has received a letter dated 15 November 2024 from Mr. Tan Cheik Eaik notifying that he does not wish to seek re-election as a Director of the Company. As a result, the Proposed Ordinary Resolution 6 will be withdrawn from voting. Mr. Tan will retire at the conclusion of the AGM.

There was no key matters being discussed at the AGM.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors Fee of RM28,000/- for the period from April 1, 2024 to November 30, 2024 to Dato' Seri Abdul Halim Bin Hussain.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 30 3
No. of Shares 231,655,930 15,200
% of Voted Shares 99.9934 0.0066
Result Accepted

2. Ordinary Resolution 2

Description 
To approve an increase of the Directors Fee from RM149,500/- to RM195,000/- for the period from December 1, 2024 until the next Annual General Meeting (AGM) of the Company and payment of such Fee to the Non-Executive Directors.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 26 7
No. of Shares 230,074,850 1,596,280
% of Voted Shares 99.3110 0.6890
Result Accepted

3. Ordinary Resolution 3

Description 
To approve the other benefits (excluding Directors Fee) payable to Dato' Seri Abdul Halim Bin Hussain of RM4,500/- for the period from April 1, 2024 to November 30, 2024.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 29 4
No. of Shares 231,657,830 13,300
% of Voted Shares 99.9943 0.0057
Result Accepted

4. Ordinary Resolution 4

Description 
To approve the other benefits (excluding Directors Fee) payable to Non-Executive Directors of up to RM154,400/- for the period from December 1, 2024 until the next AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 27 7
No. of Shares 231,629,750 66,380
% of Voted Shares 99.9714 0.0286
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Datin Teoh Lay Fung, a Director retiring under Paragraph 102 of the Constitution of the Company and who, being eligible offer herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 31 3
No. of Shares 231,156,930 539,200
% of Voted Shares 99.7673 0.2327
Result Accepted

6. Ordinary Resolution 6

Description 
To re-elect Mr. Tan Cheik Eaik, a Director retiring under Paragraph 102 of the Constitution of the Company and who, being eligible offer himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 0 0
No. of Shares 0 0
% of Voted Shares 0.0000 0.0000
Result Withdrawn/ Postponed

7. Ordinary Resolution 7

Description 
To re-elect Dato' Seri Abdul Halim Bin Hussain, a Director retiring under Paragraph 107 of the Constitution of the Company and who, being eligible offer himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 29 4
No. of Shares 231,660,970 20,200
% of Voted Shares 99.9913 0.0087
Result Accepted

8. Ordinary Resolution 8

Description 
To appoint Messrs. KPMG PLT as Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 34 0
No. of Shares 231,707,070 0
% of Voted Shares 100.0000 0.0000
Result Accepted

9. Ordinary Resolution 9

Description 
To approve the Authority to Issue Shares pursuant to the Companies Act 2016 and approvals from the relevant authorities where necessary.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 32 4
No. of Shares 231,664,190 43,080
% of Voted Shares 99.9814 0.0186
Result Accepted

10. Ordinary Resolution 10

Description 
To approve the Renewal of Authority to Purchase the Company's Own Shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 32 2
No. of Shares 231,513,050 34,080
% of Voted Shares 99.9853 0.0147
Result Accepted

Remark
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