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.