BURSA ANNOUNCEMENTS
General Meetings: Outcome of Meeting
Date Published : 2023-11-30
MYCRON STEEL BERHAD
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 30 Nov 2023 |
| 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 20th Annual General Meeting ("AGM") of the Company dated 30 November 2023 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 30 November 2023.
The Audited Financial Statements of the Company for the financial year ended 30 June 2023 and the Reports of the Directors and Auditors thereon were received and duly tabled at the 20th AGM under Agenda 1. All the ordinary resolutions were voted by way of poll via RPV at the 20th 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 RM408,000.00 for the period from 1 January 2024 to 31 December 2024 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 | 39 | 22 |
| No. of Shares | 253,403,446 | 12,181 |
| % of Voted Shares | 99.9951 | 0.0048 |
| Result | Accepted | |
2.
| Description | To approve an amount of up to RM80,000.00 as benefits payable to the Non-Executive Directors of the Company for the period from 1 January 2024 to 31 December 2024. | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 33 | 28 |
| No. of Shares | 253,403,297 | 12,330 |
| % of Voted Shares | 99.9951 | 0.0048 |
| Result | Accepted | |
3.
| Description | To re-elect Roshan Mahendran 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 | 48 | 13 |
| No. of Shares | 253,411,047 | 4,580 |
| % of Voted Shares | 99.9981 | 0.0018 |
| Result | Accepted | |
4.
| Description | To re-elect Tengku Datuk Seri Ahmad Shah ibni Almarhum Sultan Salahuddin Abdul Aziz Shah 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 | 46 | 12 |
| No. of Shares | 253,409,348 | 4,579 |
| % of Voted Shares | 99.9981 | 0.0018 |
| Result | Accepted | |
5.
| 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 | 56 | 5 |
| No. of Shares | 253,413,690 | 1,937 |
| % of Voted Shares | 99.9992 | 0.0007 |
| Result | Accepted | |
6.
| Description | Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature with Trace Management Services Sdn Bhd. | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 45 | 11 |
| No. of Shares | 10,886,412 | 4,490 |
| % of Voted Shares | 99.9587 | 0.0412 |
| Result | Accepted | |
7.
| Description | Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature. | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 44 | 12 |
| No. of Shares | 10,886,312 | 4,590 |
| % of Voted Shares | 99.9578 | 0.0421 |
| Result | Accepted | |
8.
| 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 | 46 | 12 |
| No. of Shares | 253,409,337 | 4,590 |
| % of Voted Shares | 99.9981 | 0.0018 |
| Result | Accepted | |
Please refer attachment below.
Mycron - Poll Results.pdf344.6 kB