General Meeting

11/06/2020

GENERAL MEETINGS: Outcome of Meeting

PRESS METAL ALUMINIUM HOLDINGS BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 11 Jun 2020
Time 10:30 AM

Venue(s) 
Broadcast Venue

Suite 61 & 62, Setia Avenue

No. 2, Jalan Setia Prima S U13/S, Setia Alam Seksyen U13

40170 Shah Alam, Selangor Darul Ehsan

Malaysia

Outcome of Meeting

The Board of Directors of Press Metal Aluminium Holdings Berhad (the "Company") wishes to announce that all resolutions as set out in the Notice of the Fourth Annual General Meeting ("4th AGM") were duly passed by the shareholders of the Company by way of poll via remote participation and electronic voting at the 4th AGM held today.

 

The results of the poll was validated by Coopers Professional Scrutineers Sdn Bhd, the Independent Scrutineers appointed by the Company.

 

Details of the poll results for Ordinary Resolution 6 and Ordinary Resolution 7 is as follows:

 

Resolution

Description

Shareholders Action

Voted

No. of Shareholders

No. of Shares

% of Voted Shares

Results

Ordinary Resolution 6 – Tier 1

To approve the proposed authority for Dato' Wira (Dr.) Megat Abdul Rahman Bin Megat Ahmad to continue in office as Independent Non-Executive Chairman.

For Voting

For

Against

46

0

2,480,730,996

0

100.0000

0.0000

Accepted

Ordinary Resolution 6 – Tier 2

 

To approve the proposed authority for Dato' Wira (Dr.) Megat Abdul Rahman Bin Megat Ahmad to continue in office as Independent Non-Executive Chairman.

For Voting

For

Against

319

76

415,059,779

321,484,799

56.3520

43.6480

Accepted

Ordinary Resolution 7 – Tier 1

 

To approve the proposed authority for Mr. Loo Lean Hock to continue in office as Independent Non-Executive Director.

For Voting

For

Against

46

0

2,480,730,996

0

100.0000

0.0000

Accepted

Ordinary Resolution 7– Tier 2

To approve the proposed authority for Mr. Loo Lean Hock to continue in office as Independent Non-Executive Director.

For Voting

For

Against

326

70

418,102,829

318,721,749

56.7440

43.2560

Accepted

 

 

 

Please refer to the attachment for the details of the poll results.

 

This announcement is dated 11 June 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' fees and benefits payable to the Independent Non-Executive Directors up to an aggregate amount of RM625,000 for the financial year ending 31 December 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 424 13
No. of Shares 3,184,556,719 32,594,755
% of Voted Shares 98.9870 1.0130
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Dato' Koon Poh Tat who is retiring pursuant to Clause 102 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 354 80
No. of Shares 3,007,887,297 74,796,897
% of Voted Shares 97.5740 2.4260
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mr. Koon Poh Weng who is retiring pursuant to Clause 102 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 359 80
No. of Shares 2,949,878,809 74,796,897
% of Voted Shares 97.5270 2.4730
Result Accepted

4. Ordinary Resolution 4

Description 
To re-appoint Messrs KPMG PLT 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 417 24
No. of Shares 3,211,118,463 6,437,111
% of Voted Shares 99.8800 0.2000
Result Accepted

5. Ordinary Resolution 5

Description 
To approve the proposed authority under Section 76 of the Companies Act 2016 for the Directors to allot and issue shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 424 17
No. of Shares 3,183,770,919 33,784,655
% of Voted Shares 98.9500 1.0500
Result Accepted

6. Ordinary Resolution 6

Description 
To approve the proposed authority for Dato' Wira (Dr.) Megat Abdul Rahman Bin Megat Ahmad to continue in office as Independent Non-Executive Chairman.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 319 76
No. of Shares 415,059,779 321,484,799
% of Voted Shares 56.3520 43.6480
Result Accepted

7. Ordinary Resolution 7

Description 
To approve the proposed authority for Mr. Loo Lean Hock to continue in office as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 326 70
No. of Shares 418,102,829 318,721,749
% of Voted Shares 56.7440 43.2560
Result Accepted

8. Ordinary Resolution 8

Description 
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions and Proposed New Shareholders' Mandate for Additional Recurrent Related Party Transactions for Press Metal Aluminium Holdings Berhad and its subsidiaries ("Proposed Shareholders Mandate").
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 382 10
No. of Shares 735,420,223 10,855
% of Voted Shares 99.9990 0.0010
Result Accepted

9. Ordinary Resolution 9

Description 
Proposed Renewal of Authority for the Company to Purchase its own Ordinary Shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 421 17
No. of Shares 3,182,664,789 33,373,385
% of Voted Shares 98.9620 1.0380
Result Accepted



Please refer attachment below.



Announcement Info

Company Name PRESS METAL ALUMINIUM HOLDINGS BERHAD
Stock Name PMETAL
Date Announced 11 Jun 2020
Category General Meeting
Reference Number GMA-11062020-00021
Corporate Action ID MY200611MEET0017


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