[MESB] General Meeting on 09-Dec-2024

Stock
[MESB]: MESB BHD
Announcement Date
29-Oct-2024
Reference No.
GMA-28102024-00067
Corporate Action ID
MY241028MEET0066
Type
General Meeting
Date & Time
09-Dec-2024 15:00
Depositor Date
29-Nov-2024
Venue
Online platform at https://sshsb.net.my/ (Domain registration number with MYNIC: D4A004360)
Description
MESB BERHAD ("MESB" OR "THE COMPANY") - NOTICE OF TWENTY-NINTH ANNUAL GENERAL MEETING ("29TH AGM") (The 29th AGM will be conducted on fully virtual basis and entirely via remote participation and electronic voting through an online meeting platform)
MESB Berhad - AGM Notice - Administrative Notes 2024.pdf
Outcome

The Board of Directors of MESB Berhad (“the Company”) wishes to announce that all the resolutions under Ordinary and Special Businesses as prescribed in the Notice of Twenty-NinthAnnual General Meeting (“29th AGM") of the Company dated 30October 2024were duly passed by the shareholders of the Company by way of poll via remote participation and voting at the 29th AGM of the Company held on Monday, 9 December 2024.

The result of the poll was validated by Commercial Quest Sdn. Bhd., the independent scrutineer appointed by the Company.

The Audited Financial Statements for the financial year ended 30 June 2024together with the Reports of the Directors and Auditors thereon were received and duly tabled at the 29th AGM of the Company under Agenda 1.

Please refer to the attachment for the details of the outcome of 29th AGM.

This announcement is dated 9December 2024.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' fees for the financial year ending 30 June 2025.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 45 7
No. of Shares 21,981,131 20,155
% of Voted Shares 99.9084 0.0916
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors' benefits (other than Directors' fees) of up to RM68,000 for the period commencing from the date immediately after this 29th AGM until the date of the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 42 10
No. of Shares 21,980,967 20,319
% of Voted Shares 99.9076 0.0924
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Datuk Wong Sak Kuan who retires by rotation pursuant to Clause 97 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 46 5
No. of Shares 21,981,141 20,143
% of Voted Shares 99.9084 0.0916
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Mr. Wong Yu Perng who retires by rotation pursuant to Clause 97 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 45 6
No. of Shares 21,981,128 20,156
% of Voted Shares 99.9084 0.0916
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Dr. Norhanim Binti Mat Sari who retires pursuant to Clause 104 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 49 7
No. of Shares 60,389,018 20,166
% of Voted Shares 99.9666 0.0334
Result Accepted

6. Ordinary Resolution 6

Description 
To re-appoint Crowe Malaysia PLT as Auditors of the Company until the conclusion of the next Annual General Meeting of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 51 5
No. of Shares 60,389,041 20,143
% of Voted Shares 99.9667 0.0333
Result Accepted

7. Ordinary Resolution 7

Description 
To approve the general authority for the Directors to issue and allot shares pursuant to Sections 75 and 76 of the Companies Act 2016 and waiver of pre-emptive rights.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 47 8
No. of Shares 60,388,866 20,316
% of Voted Shares 99.9664 0.0336
Result Accepted

8. Ordinary Resolution 8

Description 
To approve the Proposed Renewal of Existing Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 41 8
No. of Shares 15,876,169 20,316
% of Voted Shares 99.8722 0.1278
Result Accepted

9. Ordinary Resolution 9 - Tier 1

Description 
To approve the Proposed Retention of Mr. Lee Kok Heng as Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 4 0
No. of Shares 38,407,898 0
% of Voted Shares 100.0000 0.0000
Result Accepted

10. Ordinary Resolution 9 - Tier 2

Description 
To approve the Proposed Retention of Mr. Lee Kok Heng as Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 43 9
No. of Shares 21,980,879 20,407
% of Voted Shares 99.9072 0.0928
Result Accepted

11. Special Resolution 1

Description 
To approve the Proposed Change of Name of the Company from "MESB Berhad" to "Lotus Circular Berhad".
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 47 8
No. of Shares 59,984,016 425,166
% of Voted Shares 99.2962 0.7038
Result Accepted

Remark
-
Market Buzz

2024-12-09

Meeting Outcome

General Meeting on 09-Dec-2024.

Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment