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GENERAL MEETINGS: Outcome of Meeting

GRAND-FLO BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 07 Jul 2020
Time 03:00 PM

Venue(s)
Conference Room of Grand-Flo

Menara NCT, No. 2, Jalan BP 4/9

Bandar Bukit Puchong

47100 Puchong, Selangor Darul Ehsan

Malaysia

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 Business as prescribed in the Notice of Seventeenth Annual General Meeting (“17th AGM”) of the Company dated 15 June 2020 were duly passed by the shareholders of the Company by way of poll via remote participation and voting at the 17th AGM of the Company.

 

The result of the poll was validated by Cygnus IT Solutions PLT, the independent scrutineer appointed by the Company.

 

The Audited Financial Statements for the financial year ended 31 December 2019 together with the Reports of the Directors and Auditors thereon were received and duly tabled at the 17th AGM of the Company under Agenda 1.

 

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

 

This announcement is dated 7 July 2020.


Voting Results


1. Ordinary Resolution 1

Description
To declare and approve the final share dividend via a distribution of treasury shares on the basis of one (1) treasury share for every thirty (30) existing ordinary shares held in the Company in respect of the financial year ended 31 December 2019. Any fractions arising from the distribution of treasury shares will be disregarded.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 26 0
No. of Shares 399,505,703 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description
To approve the payment of Directors' fees and benefits of up to RM350,000.00 for the financial year ending 31 December 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 26 0
No. of Shares 399,505,703 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Ordinary Resolution 3

Description
To re-elect Dato' Sri Yap Ngan Choy as a Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 26 0
No. of Shares 399,505,703 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. Ordinary Resolution 4

Description
To re-elect Dato' Yap Fook Choy as a Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 26 0
No. of Shares 399,505,703 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Ordinary Resolution 5

Description
To re-elect Mr. Yap Chun Theng as a Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 26 0
No. of Shares 399,505,703 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Ordinary Resolution 6

Description
To re-elect Mr. Allen Yap Kuan Kee as a Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 26 0
No. of Shares 399,505,703 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Ordinary Resolution 7

Description
To re-elect Mr. Sae-Yap Atthakovit as a Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 26 0
No. of Shares 399,505,703 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Ordinary Resolution 8

Description
To re-appoint Moore Stephens Associates PLT as Auditors of the Company until the conclusion of the next AGM and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 26 0
No. of Shares 399,505,703 0
% of Voted Shares 100.0000 0.0000
Result Accepted

9. Ordinary Resolution 9

Description
To retain Mr. Cheong Kee Yoong 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 331,484,251 0
% of Voted Shares 100.0000 0.0000
Result Accepted

10. Ordinary Resolution 10

Description
To approve the authority for the Directors 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 26 0
No. of Shares 399,505,703 0
% of Voted Shares 100.0000 0.0000
Result Accepted

11. Ordinary Resolution 11

Description
To approve the Proposed Renewal of the Authority for the Company to purchase its own shares of up to ten per centum (10%) of its total number of issued shares
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 26 0
No. of Shares 399,505,703 0
% of Voted Shares 100.0000 0.0000
Result Accepted

12. Ordinary Resolution 12

Description
To approve the Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue and/or Trading Nature
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 0
No. of Shares 68,021,452 0
% of Voted Shares 100.0000 0.0000
Result Accepted

13. Special Resolution

Description
To approve the proposed amendments to the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 26 0
No. of Shares 399,505,703 0
% of Voted Shares 100.0000 0.0000
Result Accepted

14. Ordinary Resolution 9 (Tier 2)

Description
To retain Mr. Cheong Kee Yoong as an Independent Non-Executive Director of the Company
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 0
No. of Shares 68,021,452 0
% of Voted Shares 100.0000 0.0000
Result Accepted



Please refer attachment below.




Announcement Info

Company Name GRAND-FLO BERHAD
Stock Name GRANFLO
Date Announced 07 Jul 2020
Category General Meeting
Reference Number GMA-06072020-00001
Corporate Action ID MY200706MEET0001




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