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GENERAL MEETINGS: Outcome of Meeting

MI TECHNOVATION BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 03 Jun 2022
Time 10:00 AM

Venue(s)
Auditorium 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 (the “Company”) wishes to announce that all the ordinary resolutions as set out in the Notice of 5th Annual General Meeting (“5th AGM”) dated 29 April 2022 were duly passed by the shareholders by way of poll at the 5th AGM of the Company duly held on 3 June 2022.

 

The results of the poll were validated by Commercial Quest Sdn. Bhd., the Independent Scrutineer appointed by the Company.

 

This announcement is dated 3 June 2022.


Voting Results


1. Ordinary Resolution 1

Description
To re-elect Mr. Oh Kuang Eng, the Group Chief Executive Officer of the Company, who retired in accordance with Article 165 of the Constitution of the Company, being eligible has offered himself for re-election
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 101 2
No. of Shares 530,871,360 21,900
% of Voted Shares 99.9959 0.0041
Result Accepted

2. Ordinary Resolution 2

Description
To re-elect Mr. Tan Boon Hoe, the Independent Non-Executive Director of the Company, who retired in accordance with Article 165 of the Constitution of the Company, being eligible has offered himself for re-election
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 95 9
No. of Shares 530,811,710 87,250
% of Voted Shares 99.9836 0.0164
Result Accepted

3. Ordinary Resolution 3

Description
To re-elect Ms Phoon Yee Min, the Independent Non-Executive Director of the Company, who retired in accordance with Article 156 of the Constitution of the Company, being eligible has offered herself for re-election
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 99 5
No. of Shares 530,878,810 14,050
% of Voted Shares 99.9974 0.0026
Result Accepted

4. Ordinary Resolution 4

Description
To approve payment of Directors' Fees of up to RM422,500 in respect of the financial year ending 31 December 2022
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 83 18
No. of Shares 530,546,110 146,900
% of Voted Shares 99.9723 0.0277
Result Accepted

5. Ordinary Resolution 5

Description
To approve payment of benefits payable to Non-Executive Directors up to an amount of RM77,500 for the period from 4 June 2022 until the Company's next AGM which will be held in 2023
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 84 17
No. of Shares 530,539,560 154,850
% of Voted Shares 99.9708 0.0292
Result Accepted

6. Ordinary Resolution 6

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 89 11
No. of Shares 530,327,710 562,600
% of Voted Shares 99.8940 0.1060
Result Accepted

7. Ordinary Resolution 7

Description
Authority to issue shares and allot shares pursuant to Section 75 of the Companies Act 2016
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 86 16
No. of Shares 530,494,910 402,900
% of Voted Shares 99.9241 0.0759
Result Accepted

8. Ordinary Resolution 8

Description
Renewal authority to buy back its own shares by the Company
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 93 4
No. of Shares 530,843,760 5,800
% of Voted Shares 99.9989 0.0011
Result Accepted






Announcement Info

Company Name MI TECHNOVATION BERHAD
Stock Name MI
Date Announced 03 Jun 2022
Category General Meeting
Reference Number GMA-01062022-00010
Corporate Action ID MY220601MEET0010




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