[MAA] General Meeting on 03-Dec-2024

Stock
[MAA]: MAA GROUP BERHAD
Announcement Date
29-Oct-2024
Reference No.
GMA-25102024-00017
Corporate Action ID
MY241025MEET0016
Type
General Meeting
Date & Time
03-Dec-2024 14:00
Depositor Date
27-Nov-2024
Venue
Broadcast Venue: Astana Meeting Room 15th Floor No. 566, Jalan Ipoh 51200 Kuala Lumpur
Description
MAA Group Berhad ("MAAG" or "the Company") Notice of 26th Annual General Meeting ("AGM") The 26th AGM of the Company will be conducted electronically in its entirety at the Broadcast Venue via Remote Participation and Voting facilities.
MAA Group Berhad - Notice of 26th AGM.pdf
Outcome

The Board of Directors of MAA Group Berhad ("the Company") is pleased to announce that all the ordinary resolutions as set out in the Notice of the 26th Annual General Meeting ("AGM") of the Company dated 30 October 2024 were duly passed at the aforesaid AGM which was conducted electronically in its entirety via Remote Participation and Voting facilities ("RPV") at the above Broadcast Venue on 3 December 2024.

The Audited Financial Statements of the Company for the financial year ended 30 June 2024 and the Reports of the Directors and Auditors thereon were received and duly tabled at the 26th AGM under Agenda 1.


All the ordinary resolutions were voted by way of poll via RPV at the 26th AGM in accordance with Paragraph 8.29A(1) of Bursa Malaysia Securities Berhad's Main Market Listing Requirements.


The detailed poll results were verified by the Independent Scrutineers, Symphony Corporate Services Sdn Bhd as per attachment.


Please refer to the table below for the poll results.

Voting Results

1. 1

Description 
To approve the payment of Directors' fees amounting to RM350,000.00 for the period from 1 January 2025 to 31 December 2025 to be payable quarterly in arrears to the Non-Executive Directors of the Company and its subsidiary.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 46 29
No. of Shares 115,838,455 233,332
% of Voted Shares 99.7990 0.2010
Result Accepted

2. 2

Description 
To approve an amount of up to RM260,000.00 as benefits payable to the Non-Executive Directors of the Company and its subsidiary for the period from 1 January 2025 to 31 December 2025.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 46 29
No. of Shares 115,838,455 233,332
% of Voted Shares 99.7990 0.2010
Result Accepted

3. 3

Description 
To re-elect Dato' Dr. Kili Ghandhi Raj A/L K R Somasundram who is retiring in accordance with Article 103 of the Company's Constitution and who, being eligible, offer himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 60 14
No. of Shares 115,843,011 212,877
% of Voted Shares 99.8166 0.1834
Result Accepted

4. 4

Description 
To re-elect Datin Shivajini A/P Sathya Seelan who is retiring in accordance with Article 103 of the Company's Constitution and who, being eligible, offer herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 60 14
No. of Shares 115,843,011 212,877
% of Voted Shares 99.8166 0.1834
Result Accepted

5. 5

Description 
To re-elect Tunku Yahaya @ Yahya Bin Tunku Tan Sri Abdullah who is retiring in accordance with Article 96(1) of the Company's Constitution and who, being eligible, offer himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 60 14
No. of Shares 115,843,011 212,877
% of Voted Shares 99.8166 0.1834
Result Accepted

6. 6

Description 
To re-appoint Messrs. KPMG PLT as Auditors of the Company, to hold office until conclusion of the next AGM and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 67 8
No. of Shares 115,855,111 200,877
% of Voted Shares 99.8269 0.1731
Result Accepted

7. 7

Description 
To approve the Proposed Renewal of Share Buy-Back Authority.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 62 12
No. of Shares 116,042,911 12,977
% of Voted Shares 99.9888 0.0112
Result Accepted

8. 8

Description 
To approve the Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transaction of a Revenue or Trading Nature with Trace Management Services Sdn Bhd.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 60 14
No. of Shares 5,588,327 212,877
% of Voted Shares 96.3305 3.6695
Result Accepted

9. 9

Description 
To approve the Proposed Renewal and New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 60 14
No. of Shares 5,588,327 212,877
% of Voted Shares 96.3305 3.6695
Result Accepted

10. 10

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 59 14
No. of Shares 115,843,010 212,877
% of Voted Shares 99.8166 0.1834
Result Accepted

Remark
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Market Buzz

2024-12-03

Meeting Outcome

General Meeting on 03-Dec-2024.

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