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GENERAL MEETINGS: Outcome of Meeting

OKA CORPORATION BHD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 29 Sep 2020
Time 10:30 AM

Venue(s)
Lavender Hall - Level 3, Kinta Riverfront Hotel & Suites,

Kinta Riverfront, Jalan Lim Bo Seng,

30000 Ipoh Perak Darul Ridzuan

Malaysia

Outcome of Meeting

The Directors of OKA Corporation Bhd ("Company") wish to announce that the shareholders of the Company have at the Twentieth Annual General Meeting ("AGM") held this morning passed all the resolution set out in the Notice of the AGM dated 1 September 2020  by way way of poll, except Resolution No. 10 which was withdrawn due to the demise of En. Sharifuddin Bin Shoib, AMP on the late evening of 28 September 2020.

 

The results of the poll as per the attachment were validated by Tricor Corporate Services Sdn Bhd appointed by the Company.

 

The decisions for Resolutions 8 & 9 are determined through a two-tier voting process - Tier 1: large shareholder and Tier 2: other shareholders pursuant to Practice 4.2 of the Malaysian Code on Corporate Governance ("Practice 4.2").  The Tier 1 and Tier 2 results are as shown below:

                                                   FOR   AGAINST   RESULTS
         RESOLUTIONS       NO. OF % No. of P/S NO. OF % No. of P/S  
                SHARES   SHARES    
ORDINARY Retain Mr. Chok Hooa @ Chok Yin Fatt, PMP (T1) 140,276,004 100.000 4 0 0.000 0 Accepted
RESOLUTION NO. 8 as an Independent Non-Executive Director  (T2) 13,230,975 100.000 31 0 0.000 0
                           
ORDINARY Retain Mr. Gan Boon Koo @ Gan  Boon Kiu (T1) 140,276,004 100.000 4 0 0.000 0 Accepted
RESOLUTION NO. 9 as an Independent Non-Executive Director (T2) 14,419,128 99.994 30 850 0.006 1
                           

Voting Results


1. 2. Ordinary Resolution 1

Description
To declare a final single-tier dividend of 2.0 sen per share in respect of the financial year ended 31 March 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 36 0
No. of Shares 154,985,982 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. 3. Ordinary Resolution 2

Description
To approve the payment of Directors' fees for the financial year ended 31 March 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 30 0
No. of Shares 12,940,975 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. 4. Ordinary Resolution 3

Description
To approve the payment of allowances to Non-Executive Directors up to an amount of RM100,000 from the date of 20th Annual General Meeting until  the next Annual General Meeting.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 34 0
No. of Shares 153,216,979 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. 5.(i) Ordinary Resolution 4

Description
To re-elect Mr. Ong Choo Ian who retires pursuant to Rule 21.8 of the Company's Constitution, and being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 33 0
No. of Shares 15,084,978 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. 5. (ii) Ordinary Resolution 5

Description
To re-elect Mr. Chok Hooa @ Chok Yin Fatt, PMP who retires pursuant to Rule 21.8 of the Company's Constitution, and being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 35 0
No. of Shares 153,506,979 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. 6. Ordinary Resolution 6

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 154,985,982 0
No. of Shares 36 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. 7. Ordinary Resolution 7

Description
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 35 1
No. of Shares 154,984,782 1,200
% of Voted Shares 99.9990 0.0010
Result Accepted

8. 8.1 Ordinary Resolution 8

Description
Subject to the passing of Resolution 5, to retain Mr. Chok Hooa @ Chok Yin Fatt, PMP as an Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 35 0
No. of Shares 153,506,979 0
% of Voted Shares 100.0000 0.0000
Result Accepted

9. 8.2 Ordinary Resolution 9

Description
To retain Mr Gan Boon Koo @ Gan Boon Kiu as an Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 34 1
No. of Shares 154,695,132 850
% of Voted Shares 99.9990 0.0010
Result Accepted

10. 8.3 Ordinary Resolution 10

Description
To retain En. Sharifuddin Bin Shoib, AMP as an Independent Non-Executive Director of the Company.
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



Please refer attachment below.

Attachments

OKA-AGM poll verified.pdf
482.8 kB




Announcement Info

Company Name OKA CORPORATION BHD
Stock Name OKA
Date Announced 29 Sep 2020
Category General Meeting
Reference Number GMA-28092020-00034
Corporate Action ID MY200928MEET0034




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