General Meeting
29/08/2022GENERAL MEETINGS: Outcome of Meeting
| GENETEC TECHNOLOGY BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 29 Aug 2022 |
| Time | 10:00 AM |
| Venue(s) |
Online meeting platform of TIIH Online provided by Tricor Investor & Issuing House Services Sdn. Bhd. in Malaysia via its website at https://tiih.online or https://tiih.com.my (Domain Registration number with MYNIC: D1A2827) Malaysia |
| Outcome of Meeting | The Board of Directors of Genetec Technology Berhad wishes to announce that all the resolutions as set out in the Notice of the Twenty-Fourth Annual General Meeting ("24th AGM") dated 28 July 2022 were duly passed by the shareholders of the Company at the 24th AGM held today.
All the resolutions were approved by way of poll via remote participation and electronic voting at the 24th AGM. The poll results were validated by Asia Securities Sdn Berhad, the independent Scrutineer appointed by the Company. Ordinary Resolution 7 and 8 were under two-tier voting process, both Tier 1 and Tier 2 were duly carried.
Details of the said poll results are as set out in the attachment.
This announcement is dated 29 August 2022. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the additional payment of Directors' fees of RM6,000 which was in excess of the earlier approved amount for the financial year ended 31 March 2022. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 169 | 20 |
| No. of Shares | 349,282,374 | 43,823 |
| % of Voted Shares | 99.9875 | 0.0125 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To approve the payment of Directors' fees of RM312,000 payable to the Non-Executive Directors for the financial year ending 31 March 2023. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 168 | 18 |
| No. of Shares | 345,781,767 | 38,330 |
| % of Voted Shares | 99.9889 | 0.0111 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To re-elect Mr Chin Kem Weng who is due to retire pursuant to Clause 105 of the Company's Constitution and being eligible, has offered himself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 183 | 5 |
| No. of Shares | 296,742,567 | 1,065 |
| % of Voted Shares | 99.9996 | 0.0004 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-elect Mr Sow Ewe Lee who is due to retire pursuant to Clause 105 of the Company's Constitution and being eligible, has offered himself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 167 | 12 |
| No. of Shares | 336,237,493 | 4,551,904 |
| % of Voted Shares | 98.6643 | 1.3357 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To re-elect Dato' Jeeventhiran a/l Ramanaidu who is due to retire pursuant to Clause 112 of the Company's Constitution and being eligible, has offered himself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 182 | 7 |
| No. of Shares | 349,320,093 | 6,104 |
| % of Voted Shares | 99.9983 | 0.0017 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To re-appoint Messrs KPMG PLT as Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 184 | 7 |
| No. of Shares | 349,413,593 | 15,604 |
| % of Voted Shares | 99.9955 | 0.0045 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
To retain Mr Hew Voon Foo as an Independent Non-Executive Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 157 | 17 |
| No. of Shares | 105,226,628 | 16,109,704 |
| % of Voted Shares | 86.7231 | 13.2769 |
| Result | Accepted | |
8. Ordinary Resolution 8 |
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| Description |
To retain Mr Teh Kim Seng as an Independent Non-Executive Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 174 | 9 |
| No. of Shares | 122,666,128 | 807,004 |
| % of Voted Shares | 99.3464 | 0.6536 |
| Result | Accepted | |
9. Ordinary Resolution 9 |
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| Description |
To authorise the issuance of shares by the Directors pursuant to Sections 75 and 76 of the Companies Act 2016. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 177 | 13 |
| No. of Shares | 347,897,903 | 1,528,294 |
| % of Voted Shares | 99.5626 | 0.4374 |
| Result | Accepted | |
10. Ordinary Resolution 10 |
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| Description |
To approve the Proposed Renewal of Shareholders' Mandate for Existing Recurrent Related Party Transactions of A Revenue or Trading Nature. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 179 | 6 |
| No. of Shares | 124,774,428 | 1,704 |
| % of Voted Shares | 99.9986 | 0.0014 |
| Result | Accepted | |
Please refer attachment below.
Attachments
Genetec_24th AGM_Poll Results.pdf
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Announcement Info
| Company Name | GENETEC TECHNOLOGY BERHAD |
| Stock Name | GENETEC |
| Date Announced | 29 Aug 2022 |
| Category | General Meeting |
| Reference Number | GMA-26082022-00009 |
| Corporate Action ID | MY220826MEET0009 |
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