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GENERAL MEETINGS: Outcome of Meeting
| KUCHAI DEVELOPMENT BERHAD |
| Type of Meeting |
General |
| Indicator |
Outcome of Meeting |
| Date of Meeting |
02 Dec 2021 |
| Time |
09:00 AM |
| Venue(s) |
Online Meeting Platform at https://meeting.boardroomlimited.my
(Domain Registration No. with MYNIC-D6A357657) with Remote
Participation and Electronic Voting Facilities
Malaysia
|
| Outcome of Meeting |
The Board of Directors of Kuchai Development Berhad ("the Company") is pleased to announce that all the resolutions set out in the notice of the Fifty-Third Annual General Meeting ("53rd AGM") dated 29 October 2021 were duly passed at the 53rd AGM held fully virtual via online meeting platform at https://meeting.boardroomlimited.my (Domain Registration No. with MYNIC-D6A357657) with Remote Participation and Electronic Voting Facilities on 2 December 2021.
All resolutions tabled at the 53rd AGM were voted by poll and results of the poll were validated by the appointed Independent Scrutineer, M/s Sky Corporate Services Sdn. Bhd. Please refer to the attachment for the poll results validated by the scrutineer. |
Voting Results |
|
1. Ordinary Resolution 1
|
| Description |
To declare and approve the payment of Single Tier First and Final Dividend of 1 sen per ordinary share for the financial year ended 30 June 2021.
|
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
41 |
1 |
| No. of Shares |
66,757,545 |
1,044,500 |
| % of Voted Shares |
98.4595 |
1.5405 |
| Result |
Accepted |
|
2. Ordinary Resolution 2
|
| Description |
To declare and approve the payment of Single Tier Bonus Dividend of 0.75 sen per ordinary share in respect of the financial year ended 30 June 2021.
|
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
41 |
1 |
| No. of Shares |
66,757,545 |
1,044,500 |
| % of Voted Shares |
98.4595 |
1.5405 |
| Result |
Accepted |
|
3. Ordinary Resolution 3
|
| Description |
To approve the payment of Directors fees and other benefits not exceeding of RM400,000 from 1 July 2021 until the conclusion of next Annual General Meeting to be held in 2022.
|
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
35 |
8 |
| No. of Shares |
64,383,595 |
3,418,450 |
| % of Voted Shares |
94.9582 |
5.0418 |
| Result |
Accepted |
|
4. Ordinary Resolution 4
|
| Description |
To re-elect Mr Chew Khat Khiam Albert as a Director who retires by rotation in accordance with the Company's Constitution.
|
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
37 |
6 |
| No. of Shares |
64,384,597 |
3,417,448 |
| % of Voted Shares |
94.9597 |
5.0403 |
| Result |
Accepted |
|
5. Ordinary Resolution 5
|
| Description |
To re-elect Mr Cheong Mun Hong as a Director who retires by rotation in accordance with the Company's Constitution.
|
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
37 |
6 |
| No. of Shares |
64,384,597 |
3,417,448 |
| % of Voted Shares |
94.9597 |
5.0403 |
| Result |
Accepted |
|
6. Ordinary Resolution 6
|
| Description |
To re-elect Mr Wun Mow Sang as a Director who retires by rotation in accordance with the Company's Constitution.
|
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
37 |
6 |
| No. of Shares |
64,384,597 |
3,417,448 |
| % of Voted Shares |
94.9597 |
5.0403 |
| Result |
Accepted |
|
7. Ordinary Resolution 7
|
| Description |
To re-appoint Messrs Ernst & Young PLT as Auditors of the Company for the financial year ending 30 June 2022 and to authorise the Directors to fix their remuneration.
|
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
38 |
4 |
| No. of Shares |
66,633,245 |
1,168,800 |
| % of Voted Shares |
98.2762 |
1.7238 |
| Result |
Accepted |
|
8. Ordinary Resolution 8
|
| Description |
Authority to Allot and Issue Shares by Directors pursuant to Sections 75 and 76 of the Companies Act 2016
|
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
34 |
8 |
| No. of Shares |
66,556,243 |
1,245,802 |
| % of Voted Shares |
98.1626 |
1.8374 |
| Result |
Accepted |
|
9. Ordinary Resolution 9
|
| Description |
Proposed Renewal of Shareholders' Mandate for Share Buy-Back Authority
|
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
37 |
5 |
| No. of Shares |
66,633,243 |
1,168,802 |
| % of Voted Shares |
98.2762 |
1.7238 |
| Result |
Accepted |
|
10. Special Resolution
|
| Description |
Proposed Adoption of New Constitution of the Company
|
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
37 |
5 |
| No. of Shares |
66,633,243 |
1,168,802 |
| % of Voted Shares |
98.2762 |
1.7238 |
| Result |
Accepted |
|
Please refer attachment below.
Announcement Info
| Company Name |
KUCHAI DEVELOPMENT BERHAD
|
| Stock Name |
KUCHAI |
| Date Announced |
02 Dec 2021 |
| Category |
General Meeting |
| Reference Number |
GMA-02122021-00010 |
| Corporate Action ID |
MY211202MEET0008 |
|
|