[EG] General Meeting on 29-Nov-2024

Stock
[EG]: EG INDUSTRIES BHD
Announcement Date
29-Oct-2024
Reference No.
GMA-29102024-00036
Corporate Action ID
MY241029MEET0036
Type
General Meeting
Date & Time
29-Nov-2024 11:00
Depositor Date
22-Nov-2024
Venue
Broadcast venue: Plot 102, Jalan 4 Bakar Arang Industrial Estate 08000 Sungai Petani, Kedah
Description
Notice of Thirty-Third Annual General Meeting ("33rd AGM") of EG Industries Berhad. The 33rd AGM will be conducted virtually through online live streaming and online voting using Remote Participation and Electronic Voting facilities.
Notice of 33rd AGM (ads).pdf
Outcome

The Board of Directors of EG Industries Berhad(“EG” or “the Company”) is pleased to announce that the shareholders of the Company have, at the Thirty-Third Annual General Meeting (“AGM”) held on 29 November 2024,approved all the Ordinary Resolutions as set out in the Notice of AGM dated 30 October 2024.

The results of the poll were validated by Commercial Quest Sdn. Bhd., the Independent Scrutineer appointed by the Company.The details of the poll results are set out below.

This announcement is dated 29 November 2024.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the Directors Fees and benefits payable to the Directors of the Company up to an aggregate amount of RM350,000 commencing one day after this AGM through to the next AGM of the Company in 2025 and further, to authorise the Directors to apportion the fees and make payment in the manner as the Directors may determine.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 134 3
No. of Shares 291,356,889 22,502
% of Voted Shares 99.9923 0.0077
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Mr. Lee Kean Teong who retires in accordance with Clause 99 of the Companys Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 91 12
No. of Shares 245,930,727 339,764
% of Voted Shares 99.8620 0.1380
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Dato' Kang Pang Kiang who retires in accordance with Clause 99 of the Companys Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 134 3
No. of Shares 291,369,191 10,200
% of Voted Shares 99.9965 0.0035
Result Accepted

4. Ordinary Resolution 4

Description 
To re-appoint UHY 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 128 9
No. of Shares 291,249,727 129,664
% of Voted Shares 99.9555 0.0445
Result Accepted

5. Ordinary Resolution 5

Description 
Power to Issue Shares Pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 132 5
No. of Shares 288,149,889 3,229,502
% of Voted Shares 98.8917 1.1083
Result Accepted

6. Ordinary Resolution 6

Description 
Proposed Renewal of Authority to Buy Back Its Own Shares by the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 134 3
No. of Shares 290,847,289 532,102
% of Voted Shares 99.8174 0.1826
Result Accepted

7. Ordinary Resolution 7

Description 
Proposed New and Renewal of Shareholders' Mandate for Recurrent Related Party Transactions.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 125 3
No. of Shares 227,494,389 202
% of Voted Shares 99.9999 0.0001
Result Accepted

Remark
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Market Buzz

2024-11-29

Meeting Outcome

General Meeting on 29-Nov-2024.

2024-11-29

Quarter Result

Quarter Result on 30-Sep-2024[#1] QoQ - 93.94% YoY - 231.82%.

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