Mycron Steel Berhad | A pioneer in Cold Rolled Coils (CRC) and Steel Pipes

BURSA ANNOUNCEMENTS

General Meetings: Outcome of Meeting

Date Published : 2024-12-03

MYCRON STEEL BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 03 Dec 2024
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 21st 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 21st AGM under Agenda 1.

All the ordinary resolutions were voted by way of poll via RPV at the 21st 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 RM348,000.00 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.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 64 33
No. of Shares 251,587,217 13,136
% of Voted Shares 99.9940 0.0052
Result Accepted

2.
Description To approve an amount of up to RM70,000.00 as benefits payable to the Non-Executive Directors of the Company for the period from 1 January 2025 to 31 December 2025.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 63 34
No. of Shares 251,587,117 13,236
% of Voted Shares 99.9940 0.0052
Result Accepted

3.
Description To re-elect Datin Seri Raihanah Begum binti Abdul Rahman who is retiring in accordance with Article 96(1) 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 78 17
No. of Shares 251,591,122 7,631
% of Voted Shares 99.9960 0.0030
Result Accepted

4.
Description To re-elect Kwo Shih Kang 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 79 16
No. of Shares 251,591,124 7,629
% of Voted Shares 99.9960 0.0030
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. 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 86 11
No. of Shares 251,595,276 5,077
% of Voted Shares 99.9970 0.0020
Result Accepted

6.
Description To approve the 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 76 18
No. of Shares 9,064,697 11,631
% of Voted Shares 99.8710 0.1280
Result Accepted

7.
Description To approve the 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 75 18
No. of Shares 9,064,097 11,631
% of Voted Shares 99.8710 0.1280
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 75 20
No. of Shares 251,506,222 92,531
% of Voted Shares 99.9630 0.0367
Result Accepted


Please refer attachment below.

Mycron - 21st AGM-Result on voting by Poll 3.12.2024.pdf
83.6 kb