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GENERAL MEETINGS: Outcome of Meeting

ICAPITAL.BIZ BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 28 Nov 2020
Time 09:00 AM

Venue(s)
Broadcast Venue: 12th Floor, Menara Symphony

No. 5, Jalan Prof. Khoo Kay Kim

Seksyen 13, 46200 Petaling Jaya

Selangor Darul Ehsan

Malaysia

Outcome of Meeting

The Board of Directors of Icapital.biz Berhad ("the Fund") wishes to announce that all the resolutions set out in the Sixteenth Annual General Meeting ("16th AGM") dated 21 October 2020 were duly passed by the shareowners of the Fund at the 16th AGM held today.

All the resolutions were approved by way of poll via remote participation and electronic voting. The results of the poll were validated by Malaysian Issuing House Sdn Bhd, the Independent Scrutineer appointed by the Company.

The details of the results of the poll are set out below.

This announcement is dated 28 November 2020.


Voting Results


1. Ordinary Resolution 1

Description
To approve the Directors fees payable to the Directors of the Company amounting to RM246,373.00 for the financial year ended 31 May 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 429 73
No. of Shares 70,532,303 2,147,247
% of Voted Shares 97.0456 2.9544
Result Accepted

2. Ordinary Resolution 2

Description
To re-elect Dato Sri Syed Ismail Bin Dato Haji Syed Azizan as a Director who is to retire pursuant to Clause 100(1) of the Constitution of the Company and, being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 427 74
No. of Shares 42,332,043 30,267,507
% of Voted Shares 58.3090 41.6910
Result Accepted

3. Ordinary Resolution 3

Description
To re-elect Mr Boh Boon Chiang as a Director who is to retire pursuant to Clause 107 of the Constitution of the Company and, being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 441 59
No. of Shares 42,668,642 29,751,308
% of Voted Shares 58.9184 41.0816
Result Accepted

4. Ordinary Resolution 4

Description
To re-appoint Messrs Crowe Malaysia 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 458 42
No. of Shares 70,206,843 2,392,607
% of Voted Shares 96.7044 3.2956
Result Accepted

5. Ordinary Resolution 5

Description
Payment of Benefits Payable to the Directors under Section 230(1)(b) of the Companies Act 2016
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 423 75
No. of Shares 69,554,542 2,854,408
% of Voted Shares 96.0579 3.9421
Result Accepted






Announcement Info

Company Name ICAPITAL.BIZ BERHAD
Stock Name ICAP
Date Announced 28 Nov 2020
Category General Meeting
Reference Number GMA-28112020-00001
Corporate Action ID MY201128MEET0001




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