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GENERAL MEETINGS: Outcome of Meeting

GRAND-FLO BERHAD

Type of Meeting Annual General Meeting
Indicator Outcome of Meeting
Date of Meeting 19 Jun 2019
Time 11:00 AM
Venue
Greens III, Ground Floor, Sports Wing
Tropicana Golf & Country Resort
Jalan Kelab Tropicana
47410 Petaling Jaya
Selangor Darul Ehsan
Outcome of Meeting

The Board of Directors of Grand-Flo Berhad ("the Company") is pleased to announce that all the resolutions under Ordinary and Special Businesses as prescribed in the Notice of Sixteenth Annual General Meeting ("16th AGM") of the Company dated 30 April 2019 were duly passed by the shareholders of the Company by way of poll at 16th AGM of the Company. The results of the poll were validated by Asia Securities Sdn Bhd, the independent scrutineer appointed by the Company. 

 

The Audited Financial Stetements for the financial year ended 31 December 2018 together with the Reports of the Directors and Auditors thereon were received and duly tabled at the 16th AGM of the Company under Agenda 1. 

 

Ordinary Resolution 5 in respect of the re-election of the retiring Director, Mr. Tan Chuan Hock as a Director of the Company was regarded as irrelevent and not put forward for voting at the 16th AGM as Mr. Tan Chuan Hock had expressed his intention not to seek for re-election as Director of the Company. 

 

Please refer to the attachment for the details of the outcome.

 

This announcement is dated 19 June 2019.

Voting Results

Resolution Vote in favour Vote Against Results
No. of Shares % No. of Shares %
Ordinary Resolution 1
-	To approve the payment of a Final Single-Tier Dividend of 0.5 sen per ordinary share for the financial year ended 31 December 2018
335,593,767 100.000000 0 0.000000 Carried
Ordinary Resolution 2
-	To approve the payment of fees payable to Non-Executive Directors of the Company of up to RM500,000 for the financial year ending 31 December 2019
335,593,767 100.000000 0 0.000000 Carried
Ordinary Resolution 3
-	To approve the payment of benefits payable to 	Non-Executive Directors of the Company of up to 	RM100,000 from 1 January 2019 until the next 	Annual General Meeting of the Company
335,593,767 100.000000 0 0.000000 Carried
Ordinary Resolution 4
-	To re-elect Mr. Tan Bak Hong as Director of the Company who retires by rotation pursuant to Clause 104 of the Company Constitution
249,569,167 74.366000 86,024,600 25.634000 Carried
Ordinary Resolution 6
- 	To re-elect Mr. Yu Chee Sing as Director of the 	Company who retires by rotation pursuant to 	Clause 104 of the Company Constitution
335,593,767 100.000000 0 0.000000 Carried
Ordinary Resolution 7
-	To re-appoint Messrs. Grant Thornton Malaysia as Auditors of the Company
335,593,767 100.000000 0 0.000000 Carried
Ordinary Resolution 8
-	To retain Mr. Yu Chee Sing as an Independent Non-Executive Director of the Company (Tier 1)
87,177,165 100.000000 0 0.000000 Carried
Ordinary Resolution 8
-	To retain Mr. Yu Chee Sing as an Independent Non-Executive Director of the Company (Tier 2)
248,416,602 100.000000 0 0.000000 Carried
Ordinary Resolution 9
-	To retain Mr. Cheong Kee Yoong as an Independent 	Non-Executive Director of the Company
335,593,767 100.000000 0 0.000000 Carried
Ordinary Resolution 10
-	To approve the authority for the Directors to issue 	shares pursuant to Sections 75 and 76 of the 	Companies Act 2016
335,593,767 100.000000 0 0.000000 Carried
Ordinary Resolution 11
-	To approve the proposed renewal of the authority for 	the Company to purchase its own shares of up to 	10% of the total numbers of issued shares of the 	Company
335,593,767 100.000000 0 0.000000 Carried
Ordinary Resolution 12
-	To approve the proposed renewal of existing 	shareholders’ mandate for recurrent related party 	transactions of a revenue or trading nature
209,148,302 100.000000 0 0.000000 Carried
Special Resolution
-	To approve the proposed amendments to the 	Constitution of the Company
335,593,767 100.000000 0 0.000000 Carried


Please refer attachment below.

Attachments

16th AGM Outcome.pdf
94.2 kB



Announcement Info

Company Name GRAND-FLO BERHAD
Stock Name GRANFLO
Date Announced 19 Jun 2019
Category General Meeting
Reference Number GMA-18062019-00004




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