General Meeting
28/02/2022GENERAL MEETINGS: Outcome of Meeting
| SARAWAK CONSOLIDATED INDUSTRIES BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 28 Feb 2022 |
| Time | 11:00 AM |
| Venue(s) |
Unit 7-21, Wisma Conlay, Jalan USJ 10/1, 47620 Subang Jaya, Selangor Malaysia |
| Outcome of Meeting | We refer to the announcement made by Sarawak Consolidated Industries Berhad ("SCIB" or "the Company") in relation to the Notice of 45th Annual General Meeting ("45th AGM") of the Company dated 17 January 2022 and wish to announce that all the Ordinary Resolutions tabled at today's 45th AGM were carried, except for Ordinary Resolutions 3 and 4 which have been withdrawn. The rationale for the aforesaid withdrawal is as follows:-
Ordinary Resolution 3: To re-elect YBhg. Datu Ir. Haji Mohidden Bin Haji Ishak as Director
Datu Ir. Haji Mohidden Bin Haji Ishak has on 27 February 2022 expressed his intention in writing not to seek for reelection as an Independent Non-Executive Director of the Company due to his personal reason and commitment and he shall retire at the 45th AGM of the Company.
Ordinary Resolution 4: To re-elect Encik Shamsul Anuar Bin Ahamad Ibrahim as Director
Encik Shamsul Anuar Bin Ahamad Ibrahim has on 27 February 2022 expressed his intention in writing not to seek for reelection as an Independent Non-Executive Director of the Company due to his personal reason and commitment and he shall retire at the 45th AGM of the Company.
The results of the poll voting in respect of all the Ordinary Resolutions tabled (except for Ordinary Resolutions 3 and 4) have been validated by Propoll Solutions Sdn Bhd, the independent scrutineer appointed by the Company as set out below (please refer to the attachment for the poll results). |
Voting Results |
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1. Resolution 1 |
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| Description |
Fees of the Directors at an amount not exceeding RM356,400.00 in aggregate for a period from 28 February 2022 until the next annual general meeting of the Company; |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 93 | 53 |
| No. of Shares | 548,268 | 222,077,820 |
| % of Voted Shares | 0.2463 | 99.7537 |
| Result | Rejected | |
2. Resolution 2 |
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| Description |
Benefits of the Non-Executive Directors at an amount not exceeding RM843,000.00 from a period from 28 February 2022 until the next annual general meeting |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 84 | 62 |
| No. of Shares | 490,167 | 222,135,921 |
| % of Voted Shares | 0.2202 | 99.7798 |
| Result | Rejected | |
3. Resolution 3 |
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| Description |
To re-elect YBhg. Datu Ir. Haji Mohidden Bin Haji Ishak, the Director who retires in accordance with Article 122(1) of the Companys Constitution and being eligible, offers himself for re-election |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 0 | 0 |
| No. of Shares | 0 | 0 |
| % of Voted Shares | 0.0000 | 0.0000 |
| Result | Withdrawn/ Postponed | |
4. Resolution 4 |
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| Description |
To re-elect Encik Shamsul Anuar Bin Ahamad Ibrahim, the Director who retires in accordance with Article 122(1) of the Companys Constitution and being eligible, offers himself for re-election |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 0 | 0 |
| No. of Shares | 0 | 0 |
| % of Voted Shares | 0.0000 | 0.0000 |
| Result | Withdrawn/ Postponed | |
5. Resolution 5 |
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| Description |
To re-appoint NEXIA SSY PLT as the Auditors and to authorize the Directors to fix their remuneration |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 134 | 17 |
| No. of Shares | 265,698,428 | 229,300 |
| % of Voted Shares | 99.9138 | 0.0862 |
| Result | Accepted | |
6. Resolution 6 |
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| Description |
To authorise the Directors 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 | 118 | 33 |
| No. of Shares | 265,247,094 | 662,834 |
| % of Voted Shares | 99.7507 | 0.2493 |
| Result | Accepted | |
7. Resolution 7 |
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| Description |
To approve the proposed renewal of shareholders mandate for recurrent related party transactions of a revenue or trading nature (Proposed Shareholders Mandate) |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 125 | 25 |
| No. of Shares | 248,665,161 | 206,527 |
| % of Voted Shares | 99.9170 | 0.0830 |
| Result | Accepted | |
8. Resolution 8 |
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| Description |
To approve the proposed authority for Share Buy-Back |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 135 | 18 |
| No. of Shares | 265,778,651 | 188,177 |
| % of Voted Shares | 99.9292 | 0.0708 |
| Result | Accepted | |
Please refer attachment below.
Attachments
SCIB AGM_Poll Results 28.2.2022.pdf
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Announcement Info
| Company Name | SARAWAK CONSOLIDATED INDUSTRIES BERHAD |
| Stock Name | SCIB |
| Date Announced | 28 Feb 2022 |
| Category | General Meeting |
| Reference Number | GMA-28022022-00001 |
| Corporate Action ID | MY220228MEET0001 |
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