General Meeting
20/12/2021GENERAL MEETINGS: Outcome of Meeting
| MLABS SYSTEMS BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 20 Dec 2021 |
| Time | 11:00 AM |
| Venue(s) |
Broadcast Venue at Level 13, Menara Lien Hoe No. 8, Persiaran Tropicana Tropicana Golf & Country Resort 47410 Petaling Jaya, Selangor Darul Ehsan Malaysia |
| Outcome of Meeting | The Board of Directors of Mlabs Systems Berhad (“Mlabs” or “the Company”) wishes to announce that all the resolutions set out in the Notice of the 17th Annual General Meeting (“17th AGM”) dated 29 October 2021 were duly passed by way of poll at the 17th AGM of the Company held on 20 December 2021.
For information, Ordinary Resolution 7 was approved by the shareholders via a two-tier voting process.
Please refer to the attachment for the details of the poll results.
The results of the poll were validated by BTS Solution Sdn. Bhd., the Independent Scrutineer appointed by the Company.
This announcement is dated 20 December 2021. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the payment of Directors' fees of up to RM550,000.00 from 20 December 2021 until the next Annual General Meeting of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 9 | 5 |
| No. of Shares | 330,793,263 | 207,131 |
| % of Voted Shares | 99.9374 | 0.0626 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To approve the payment of Directors' benefits (excluding Directors' fees) of up to RM30,000.00 to the Non-Executive Directors with effect from 20 December 2021 until the next Annual General Meeting of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 9 | 5 |
| No. of Shares | 330,793,263 | 207,131 |
| % of Voted Shares | 99.9374 | 0.0626 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To re-elect Mr Tan Sik Eek who retires pursuant to Clause 115 of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 9 | 4 |
| No. of Shares | 330,293,293 | 7,101 |
| % of Voted Shares | 99.9979 | 0.0021 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-elect Mejar Dato Ismail bin Ahmad (R) who retires pursuant to Clause 115 of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 10 | 4 |
| No. of Shares | 330,993,263 | 7,131 |
| % of Voted Shares | 99.9978 | 0.0022 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To re-appoint Messrs PKF as Auditors of the Company and to authorise the Directors to fix their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 12 | 2 |
| No. of Shares | 330,994,393 | 6,001 |
| % of Voted Shares | 99.9982 | 0.0018 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To approve the authority to allot and issue shares pursuant to Sections 75 and 76 of the Companies Act, 2016. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 10 | 3 |
| No. of Shares | 330,993,263 | 7,130 |
| % of Voted Shares | 99.9978 | 0.0022 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
To approve the retention of General Tan Sri Dato' Sri Hj. Suleiman bin Mahmud RMAF (Rtd) as an Independent Non-Executive Director of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 1 | 0 |
| No. of Shares | 307,874,700 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
8. Ordinary Resolution 8 |
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| Description |
To approve the Proposed Renewal of Existing Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 9 | 3 |
| No. of Shares | 22,418,563 | 7,130 |
| % of Voted Shares | 99.9682 | 0.0318 |
| Result | Accepted | |
9. Special Resolution 1 |
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| Description |
To approve the Proposed Amendments to the Constitution of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 12 | 1 |
| No. of Shares | 330,994,393 | 6,000 |
| % of Voted Shares | 99.9982 | 0.0018 |
| Result | Accepted | |
10. Ordinary Resolution 7 - Tier 2 |
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| Description |
To approve the retention of General Tan Sri Dato' Sri Hj. Suleiman bin Mahmud RMAF (Rtd) as an Independent Non-Executive Director of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 8 | 4 |
| No. of Shares | 23,118,463 | 7,230 |
| % of Voted Shares | 99.9687 | 0.0313 |
| Result | Accepted | |
Please refer attachment below.
Attachments
MLABS 17th AGM - Poll Results.pdf
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Announcement Info
| Company Name | MLABS SYSTEMS BERHAD |
| Stock Name | MLAB |
| Date Announced | 20 Dec 2021 |
| Category | General Meeting |
| Reference Number | GMA-20122021-00003 |
| Corporate Action ID | MY211220MEET0003 |
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