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GENERAL MEETINGS: Outcome of Meeting

SUCCESS TRANSFORMER CORPORATION BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 07 Dec 2021
Time 11:00 AM

Venue(s)
Broadcast Venue at the Conference Room of the Company,

No. 5, Jalan TSB 8, Taman Industri Sungai Buloh,

47000 Sungai Buloh,

Selangor Darul Ehsan,

Malaysia

Outcome of Meeting

The Board of Directors of Success Transformer Corporation Berhad ("the Company") is pleased to announce that at the Seventeenth Annual General Meeting ("17th AGM") of the Company held today, all the resolutions as set out in the Notice of the 17th AGM, dated 29 October 2021, were duly passed by the shareholders of the Company.

 

The voting in respect of the resolutions were carried out by way of a poll and the results of the poll were validated by Scrutineer Solutions Sdn. Bhd., the Independent Scrutineer appointed by the Company.

 

Details of the said results of the poll are set out below.

 

This announcement is dated 7 December 2021.


Voting Results


1. Ordinary Resolution 1

Description
To approve the payment of Directors' fees amounting to RM260,000/- for the financial year ending 30 June 2022 payable monthly in arrears after each month of completed service of the Directors during the subject financial year.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 84 14
No. of Shares 129,687,641 48,940
% of Voted Shares 99.9623 0.0377
Result Accepted

2. Ordinary Resolution 2

Description
To approve an amount up to RM15,000/- as benefits payable to Non-Executive Directors of the Company for the period from 8 December 2021 to the Eighteenth AGM of the Company in year 2022 pursuant to Section 230(1)(b) of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 83 16
No. of Shares 129,689,837 48,944
% of Voted Shares 99.9623 0.0377
Result Accepted

3. Ordinary Resolution 3

Description
To re-elect Ms. Tan Chung Ling who is retiring in accordance with Clause 90 of the Company's Constitution and being eligible, has offered herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 85 16
No. of Shares 109,373,191 21,504,710
% of Voted Shares 83.5689 16.4311
Result Accepted

4. Ordinary Resolution 4

Description
To re-elect Dato' Tan Wei Neng who is retiring in accordance with Clause 90 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 86 15
No. of Shares 109,437,973 21,504,708
% of Voted Shares 83.5770 16.4230
Result Accepted

5. Ordinary Resolution 5

Description
To re-elect Datuk Ir. Kamarudin Bin Md Derom who is retiring in accordance with Clause 98 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 88 13
No. of Shares 130,994,239 36,442
% of Voted Shares 99.9722 0.0278
Result Accepted

6. Ordinary Resolution 6

Description
To re-appoint Messrs. Crowe Malaysia PLT as Auditors of the Company until the conclusion of the next AGM and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 94 8
No. of Shares 130,997,643 35,238
% of Voted Shares 99.9731 0.0269
Result Accepted

7. Ordinary Resolution 7

Description
Authority to issue shares pursuant to the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 87 15
No. of Shares 130,994,237 38,644
% of Voted Shares 99.9705 0.0295
Result Accepted

8. Ordinary Resolution 8

Description
Proposed Renewal of Existing Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 88 14
No. of Shares 131,025,467 7,414
% of Voted Shares 99.9943 0.0057
Result Accepted

9. Ordinary Resolution 9

Description
Proposed New Shareholders' Mandate for Additional Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 87 15
No. of Shares 131,023,267 9,614
% of Voted Shares 99.9927 0.0073
Result Accepted

10. Ordinary Resolution 10

Description
Proposed Renewal of Share Buy-Back Authority.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 91 11
No. of Shares 131,016,971 15,910
% of Voted Shares 99.9879 0.0121
Result Accepted

11. Ordinary Resolution 11

Description
Proposed Renewal of Authority for the Company to allot and issue new ordinary shares in the Company ("STC Shares"), for the purpose of the Dividend Reinvestment Scheme that provides the shareholders of the Company with the option to elect to reinvest their cash dividends in new STC Shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 91 11
No. of Shares 131,021,971 10,910
% of Voted Shares 99.9917 0.0083
Result Accepted






Announcement Info

Company Name SUCCESS TRANSFORMER CORPORATION BERHAD
Stock Name SUCCESS
Date Announced 07 Dec 2021
Category General Meeting
Reference Number GMA-07122021-00004
Corporate Action ID MY211207MEET0004




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