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GENERAL MEETINGS: Outcome of Meeting

Amended Announcements
Please refer to the earlier announcement reference number: GMA-25052023-00029

KOSSAN RUBBER INDUSTRIES BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 25 May 2023
Time 10:30 AM

Venue(s) 
Training Centre, 2nd Floor, Kossan R&D Centre,

PT 7836, Jalan Haji Abdul Manan/KU8,

Kawasan Perindustrian Meru Selatan,

41050 Klang, Selangor Darul Ehsan.

Malaysia 

Virtual Meeting Platform:

https://meeting.boardroomlimited.my

Malaysia

Outcome of Meeting

The Board of Directors of Kossan Rubber Industries Bhd. ("Kossan" or "the Company") is pleased to announce that all resolutions as set out in the Notice of Annual General Meeting ("AGM") dated 26 April 2023 were duly passed by the shareholders of the Company at the 43rd AGM of the Company held on 25 May 2023. Voting on all the resolutions were carried out by way of poll.

These amendments are to correct the following:

  1. The date of the Notice of AGM should read 26 April 2023 instead of 25 May 2023, and
  2. The poll result for Ordinary Resolution 8 (Tier 2) should read "For 462,510,705 shares (77.1103%)" and "Against 137,293,537 shares (22.8897%)". 

There are no changes in the attachment for the poll results from SKY Corporate Services Sdn. Bhd.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' fees of RM474,000 for the financial year ended 31 December 2022
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 941 107
No. of Shares 1,849,897,121 189,141
% of Voted Shares 99.9898 0.0102
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors fees of up to RM670,000 for the financial year ending 31 December 2023
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 911 132
No. of Shares 1,820,683,108 29,291,354
% of Voted Shares 98.4167 1.5833
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mohamed Shafeii Bin Abdul Gaffoor retiring pursuant to Article 86 of the Company's Constitution
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 953 89
No. of Shares 1,825,419,595 24,278,859
% of Voted Shares 98.6874 1.3126
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Lee Choo Hock retiring pursuant to Article 86 of the Company's Constitution
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 908 114
No. of Shares 1,709,464,066 111,587,496
% of Voted Shares 93.8724 6.1276
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Hoh Kim Hyan retiring pursuant to Article 86 of the Company's Constitution
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 938 85
No. of Shares 1,808,107,166 12,944,396
% of Voted Shares 99.2892 0.7108
Result Accepted

6. Ordinary Resolution 6

Description 
To re-elect Sharon Shanthy a/p Dorairaj retiring pursuant to Article 92 of the Company's Constitution
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 962 80
No. of Shares 1,847,673,347 2,025,515
% of Voted Shares 99.8905 0.1095
Result Accepted

7. Ordinary Resolution 7

Description 
To re-appoint Messrs. KPMG PLT as auditors of the Company and to authorize the Directors to fix their remuneration
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 930 92
No. of Shares 1,809,928,843 11,449,719
% of Voted Shares 99.3714 0.6286
Result Accepted

8. Ordinary Resolution 8

Description 
To approve the continuation of office for Lee Choo Hock as an Independent Non-Executive Director
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 944 98
No. of Shares 462,510,705 137,293,537
% of Voted Shares 77.1103 22.8897
Result Accepted

9. Ordinary Resolution 9

Description 
To approve the authority to allot shares pursuant to Sections 75 and 76 of the Companies Act 2016
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 939 105
No. of Shares 1,803,529,575 46,499,287
% of Voted Shares 97.4866 2.5134
Result Accepted

10. Ordinary Resolution 10

Description 
To approve the renewal of and 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 970 69
No. of Shares 585,096,103 3,372,835
% of Voted Shares 99.4268 0.5732
Result Accepted

11. Ordinary Resolution 11

Description 
To approve the renewal of shareholders' mandate for share buy-back
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 983 60
No. of Shares 1,849,841,972 137,290
% of Voted Shares 99.9926 0.0074
Result Accepted



Please refer attachment below.

Attachments

Kossan Poll Result at 43rd AGM duly verified by scrutineer.pdf
345.2 kB



Announcement Info

Company Name KOSSAN RUBBER INDUSTRIES BERHAD
Stock Name KOSSAN
Date Announced 26 May 2023
Category General Meeting
Reference Number GMA-26052023-00016
Corporate Action ID MY230525MEET0027




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