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GENERAL MEETINGS: Outcome of Meeting

ORNAPAPER BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 11 Jun 2021
Time 10:30 AM

Venue(s)
TIIH Online (https://tiih.online)

Malaysia

Outcome of Meeting
The Board of Directors of Ornapaper Berhad (“ORNA” or “the Company”) wishes to announce that the shareholders of the Company have approved all the resolutions as set out in the Notice of the Nineteenth Annual General Meeting (“AGM”) dated 12 May 2021 at the Nineteenth AGM held today.

All the resolutions were voted by poll at the Eighteenth AGM and the results were verified by the representative from Asia Securities Sdn. Bhd., the Independent Scrutineer appointed by the Company.

The details of the poll results are set out below.

This announcement is dated 11 June 2021.

Voting Results


1. Resolution 1

Description
To approve the payment of Directors' fees amounting to RM340,000/- from 12 June 2021 until the Twentieth AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 43 8
No. of Shares 31,954,144 11,501
% of Voted Shares 99.9640 0.0360
Result Accepted

2. Resolution 2

Description
To approve the payment of Directors' benefits payable up to an amount of RM28,000/-, from 12 June 2021 until the Twentieth AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 41 11
No. of Shares 31,915,144 127,001
% of Voted Shares 99.6036 0.3964
Result Accepted

3. Resolution 3

Description
To re-elect Mr. Ang Kwee Teng in accordance with Clause 120 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 49 6
No. of Shares 32,193,644 7,501
% of Voted Shares 99.9767 0.0233
Result Accepted

4. Resolution 4

Description
To re-elect Mr. Sai Ah Sai in accordance with Clause 120 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 50 5
No. of Shares 32,195,644 5,501
% of Voted Shares 99.9829 0.0171
Result Accepted

5. Resolution 5

Description
To re-appoint Crowe Malaysia PLT as Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 51 3
No. of Shares 32,123,144 1,501
% of Voted Shares 99.9953 0.0047
Result Accepted

6. Resolution 6

Description
Authority to Issue Shares pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 50 5
No. of Shares 32,120,144 81,001
% of Voted Shares 99.7485 0.2515
Result Accepted

7. Resolution 7 (Tier 1)

Description
Retention of Datuk Adillah Binti Ahmad Nordin as an Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 3 0
No. of Shares 22,828,874 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Resolution 7 (Tier 2)

Description
Retention of Datuk Adillah Binti Ahmad Nordin as an Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 45 6
No. of Shares 9,289,270 6,501
% of Voted Shares 99.9301 0.0699
Result Accepted

9. Resolution 8 (Tier 1)

Description
Retention of Mr. Siow Kee Yen as an Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 3 0
No. of Shares 22,828,874 0
% of Voted Shares 100.0000 0.0000
Result Accepted

10. Resolution 8 (Tier 2)

Description
Retention of Mr. Siow Kee Yen as an Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 45 6
No. of Shares 9,289,270 6,501
% of Voted Shares 99.9301 0.0699
Result Accepted

11. Resolution 9

Description
Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 44 4
No. of Shares 8,658,446 4,501
% of Voted Shares 99.9480 0.0520
Result Accepted

12. Resolution 10

Description
Proposed Renewal of Shareholders' Mandate for Existing Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 44 4
No. of Shares 8,658,446 4,501
% of Voted Shares 99.9480 0.0520
Result Accepted

13. Resolution 11

Description
Proposed Renewal of Authority for the Company to Purchase Its Own Shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 51 4
No. of Shares 32,196,644 4,501
% of Voted Shares 99.9860 0.0140
Result Accepted






Announcement Info

Company Name ORNAPAPER BERHAD
Stock Name ORNA
Date Announced 11 Jun 2021
Category General Meeting
Reference Number GMA-11062021-00001
Corporate Action ID MY210611MEET0001




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