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GENERAL MEETINGS: Outcome of Meeting

MI TECHNOVATION BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 04 Jun 2021
Time 10:00 AM

Venue(s)
Broadcast Venue, The Boardroom of the Company

No. 20, Medan Bayan Lepas Technoplex

MK 12, Taman Perindustrian Bayan Lepas

11900 Bayan Lepas, Pulau Pinang

Malaysia

Outcome of Meeting

The Board of Directors of MI TECHNOVATION BERHAD is pleased to announce that all the resolutions as set out in the Notice of the 4th Annual General Meeting ("AGM") of the Company were duly passed by the shareholders of the Company at its 4th AGM duly held on 4 June 2021.

 

All the resolutions were voted by a poll and results of the poll were validated by Commercial Quest Sdn. Bhd., the independent scruitneer appointed by the Company.


This announcement is dated 4 June 2021.


Voting Results


1. Ordinary Resolution 1

Description
To re-elect Mr. Lee Boon Leng, the Independent Non-Executive Chairman of the Company, who retired in accordance with Article 165 of the Constitution of the Company, and being eligible offered himself for re-election
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 173 5
No. of Shares 531,507,997 90,035
% of Voted Shares 99.9831 0.0169
Result Accepted

2. Ordinary Resolution 2

Description
To re-elect Mr. Lim Shin Lid, the Independent Non-Executive Director of the Company, who retired in accordance with Article 156 of the Constitution of the Company, and being eligible offered himself for re-election
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 172 6
No. of Shares 531,506,897 91,135
% of Voted Shares 99.9829 0.0171
Result Accepted

3. Ordinary Resolution 3

Description
To approve Directors' Fees of up to RM305,000 for the financial year ending 31 December 2021
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 155 22
No. of Shares 531,448,745 149,137
% of Voted Shares 99.9719 0.0281
Result Accepted

4. Ordinary Resolution 4

Description
To approve the payment of benefits payable to the Non-Executive Directors up to an amount of RM45,000, from 5 June 2021 to the Company's next AGM which will be held in 2022
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 154 22
No. of Shares 531,439,314 157,568
% of Voted Shares 99.9704 0.0296
Result Accepted

5. Ordinary Resolution 5

Description
To re-appoint Messrs BDO PLT as Auditors to hold office until the conclusion of the next AGM and to authorise the Board to fix their remuneration
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 173 4
No. of Shares 531,505,932 91,500
% of Voted Shares 99.9828 0.0172
Result Accepted

6. Ordinary Resolution 6

Description
To approve the authority to issue and allot shares pursuant to Section 75 of the Companies Act 2016
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 153 26
No. of Shares 506,312,255 25,286,777
% of Voted Shares 95.2433 4.7567
Result Accepted

7. Ordinary Resolution 7

Description
To approve the proposed renewal authority to buy back its own shares by the Company
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 173 6
No. of Shares 531,506,030 93,002
% of Voted Shares 99.9825 0.0175
Result Accepted






Announcement Info

Company Name MI TECHNOVATION BERHAD
Stock Name MI
Date Announced 04 Jun 2021
Category General Meeting
Reference Number GMA-04062021-00001
Corporate Action ID MY210604MEET0001




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