Mycron Steel Berhad | A pioneer in Cold Rolled Coils (CRC) and Steel Pipes
BURSA ANNOUNCEMENTS
General Meetings: Outcome of Meeting
Date Published : 2022-12-01
MYCRON STEEL BERHAD
Type of Meeting
General
Indicator
Outcome of Meeting
Date of Meeting
01 Dec 2022
Time
10:00 AM
Venue(s)
Broadcast Venue : Astana Meeting Room
15th Floor,
No. 566 Jalan Ipoh,
51200 Kuala Lumpur
Malaysia
Outcome of Meeting
The Board of Directors of Mycron Steel Berhad ("the Company") is pleased to announce that all the ordinary resolutions as set out in the Notice of the 19th Annual General Meeting ("AGM") of the Company dated 1 December 2022 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 1 December 2022.
The Audited Financial Statements of the Company for the financial year ended 30 June 2022 and the Reports of the Directors and Auditors thereon were received and duly tabled at the 19th AGM under Agenda 1.
All the ordinary resolutions were voted by way of poll via RPV at the 19th 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
Description
To approve the payment of Directors fees amounting to RM420,000.00 for the period from 1 January 2023 to 31 December 2023 to be payable quarterly in arrears to the Non-Executive Directors of the Company.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
73
40
No. of Shares
256,888,821
17,715
% of Voted Shares
99.9931
0.0068
Result
Accepted
2
Description
To approve an amount of up to RM90,000.00 as benefits payable to the Non-Executive Directors of the Company for the period from 1 January 2023 to 31 December 2023.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
67
47
No. of Shares
256,833,605
73,031
% of Voted Shares
99.9715
0.0284
Result
Accepted
3
Description
To re-elect Tunku Dato' Yaacob Khyra 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
89
23
No. of Shares
256,841,854
63,772
% of Voted Shares
99.9751
0.0248
Result
Accepted
4
Description
To re-elect Azlan bin 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
89
24
No. of Shares
256,842,754
63,872
% of Voted Shares
99.9751
0.0248
Result
Accepted
5
Description
To re-elect Dato' Mohd Zahir bin Zahur Hussain who is retiring pursuant to Article 103 of the Companys Constitution.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
91
23
No. of Shares
256,895,759
10,877
% of Voted Shares
99.9957
0.0042
Result
Accepted
6
Description
To appoint Messrs KPMG PLT as Auditors of the Company in place of the retiring Auditors, Messrs PricewaterhouseCoopers PLT, and to authorise the Directors to determine their remuneration.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
100
14
No. of Shares
256,899,616
7,020
% of Voted Shares
99.9972
0.0027
Result
Accepted
7
Description
To approve the Proposed Renewal of Shareholders Mandate for Recurrent Related Party Transaction with Trace Management Services Sdn Bhd.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
94
18
No. of Shares
14,373,920
9,691
% of Voted Shares
99.9326
0.0673
Result
Accepted
8
Description
To approve the Proposed Renewal and New Shareholders Mandate for Recurrent Related Party Transactions.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
93
18
No. of Shares
14,370,920
9,691
% of Voted Shares
99.9326
0.0673
Result
Accepted
9
Description
Authority to issue and allot shares pursuant to Sections 75 and 76 of
the Companies Act 2016.