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GENERAL MEETINGS: Outcome of Meeting
| LION INDUSTRIES CORPORATION BERHAD |
| Type of Meeting |
General |
| Indicator |
Outcome of Meeting |
| Date of Meeting |
25 May 2023 |
| Time |
10:30 AM |
| Venue(s) |
Broadcast Venue, Meeting Hall, Level 16, Lion Office Tower
No. 1 Jalan Nagasari
50200 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Online Meeting Platform via Securities Services e-Portal
at https://sshsb.net.my/
with Remote Participation and Voting facilities
Malaysia
|
| Outcome of Meeting |
The Board of Directors of Lion Industries Corporation Berhad ("LICB") wishes to announce that all the ordinary resolutions set out in the Notice of the 92nd Annual General Meeting of LICB ("92nd AGM") were duly passed by the Shareholders by way of poll at the 92nd AGM held on 25 May 2023. The results of the poll were duly verified by Commercial Quest Sdn Bhd, the Independent Scrutineers appointed by LICB.
Details of the results of the poll are set out below. |
Voting Results |
|
1. Ordinary Resolution 1
|
| Description |
To approve the payment of Directors' fees amounting to RM270,000 for the financial year ended 31 December 2022.
|
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
269 |
97 |
| No. of Shares |
305,197,500 |
403,143 |
| % of Voted Shares |
99.8681 |
0.1319 |
| Result |
Accepted |
|
2. Ordinary Resolution 2
|
| Description |
To approve the payment of Directors' benefits of up to RM87,000 for the period commencing after the 92nd Annual General Meeting until the next annual general meeting of the Company.
|
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
267 |
99 |
| No. of Shares |
305,195,188 |
405,455 |
| % of Voted Shares |
99.8673 |
0.1327 |
| Result |
Accepted |
|
3. Ordinary Resolution 3
|
| Description |
To re-elect Y. Bhg. Tan Sri Cheng Heng Jem who was appointed during the financial year and retires in accordance with Clause 111 of the Company's Constitution and who being eligible, has offered himself for re-election.
|
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
295 |
76 |
| No. of Shares |
305,312,222 |
299,095 |
| % of Voted Shares |
99.9021 |
0.0979 |
| Result |
Accepted |
|
4. Ordinary Resolution 4
|
| Description |
To re-elect Ms Cheng Hui Ya, Serena who retires by rotation in accordance with Clause 110 of the Company's Constitution and who being eligible, has offered herself for re-election.
|
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
295 |
76 |
| No. of Shares |
305,312,222 |
299,095 |
| % of Voted Shares |
99.9021 |
0.0979 |
| Result |
Accepted |
|
5. Ordinary Resolution 5
|
| Description |
To re-appoint Messrs Mazars PLT as Auditors of the Company and to authorise the Directors to fix their remuneration.
|
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
315 |
55 |
| No. of Shares |
305,557,725 |
53,092 |
| % of Voted Shares |
99.9826 |
0.0174 |
| Result |
Accepted |
|
6. Ordinary Resolution 6
|
| Description |
To retain Y. M. Datuk Seri Utama Raja Nong Chik bin Dato' Raja Zainal Abidin as an independent non-executive Director of the Company.
|
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
289 |
80 |
| No. of Shares |
305,204,044 |
299,273 |
| % of Voted Shares |
99.9020 |
0.0980 |
| Result |
Accepted |
|
7. Ordinary Resolution 7
|
| Description |
To approve the authority to Directors to issue and allot shares.
|
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
286 |
84 |
| No. of Shares |
305,253,780 |
349,537 |
| % of Voted Shares |
99.8856 |
0.1144 |
| Result |
Accepted |
|
8. Ordinary Resolution 8
|
| Description |
To approve the proposed renewal of shareholders' mandate for recurrent related party transactions.
|
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
281 |
76 |
| No. of Shares |
5,329,481 |
300,584 |
| % of Voted Shares |
94.6611 |
5.3389 |
| Result |
Accepted |
|
9. Ordinary Resolution 9
|
| Description |
To approve the proposed renewal of share buy-back authority.
|
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
302 |
68 |
| No. of Shares |
305,307,048 |
296,269 |
| % of Voted Shares |
99.9031 |
0.0969 |
| Result |
Accepted |
|
Announcement Info
| Company Name |
LION INDUSTRIES CORPORATION BERHAD
|
| Stock Name |
LIONIND |
| Date Announced |
25 May 2023 |
| Category |
General Meeting |
| Reference Number |
GMA-23052023-00018 |
| Corporate Action ID |
MY230523MEET0018 |
|
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