General Meetings: Outcome Of Meeting

BackJun 11, 2024
Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 11 Jun 2024
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 is pleased to announce that all the resolutions as set out in the Notice of 7th Annual General Meeting ("AGM") of the Company were duly passed by the shareholders of the Company at its 7th AGM duly held on 11 June 2024.

All the resolutions were voted by poll and the results of the poll were validated by Messrs Commercial Quest Sdn Bhd, the independent scruitneer appointed by the Company.

This announcement is dated 11th day of June 2024.

Voting Results

1. Ordinary Resolution 1
Description To re-election Mr. Oh Kuang Eng, the Director who retire in accordance with Article 88 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 84 5
No. of Shares 599,352,709 853,800
% of Voted Shares 99.8577 0.1423
Result Accepted

2. Ordinary Resoluion 2
Description To re-election Mr. Tan Boon Hoe, the Director who retire in accordance with Article 88 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 80 8
No. of Shares 597,264,621 2,903,188
% of Voted Shares 99.5163 0.4837
Result Accepted

3. Ordinary Resolution 3
Description To re-election Ms Phoon Yee Min, the Director who retire in accordance with Article 88 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 86 5
No. of Shares 597,283,909 2,893,100
% of Voted Shares 99.5180 0.4820
Result Accepted

4. Ordinary Resolution 4
Description To approve payment of benefits payable to the Executive Directors of the Company totaling RM24,000 from 7 June 2023 to 11 June 2024.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 85 2
No. of Shares 600,062,859 97,550
% of Voted Shares 99.9837 0.0163
Result Accepted

5. Ordinary Resolution 5
Description To approve the payment of Directors' Fees of up to RM479,000 for the financial year ending 31 December 2024
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 87 2
No. of Shares 600,072,759 97,550
% of Voted Shares 99.9837 0.0163
Result Accepted

6. Ordinary Resolution 6
Description To approve the payment of benefits payable to the Directors of the Company up to an amount of RM84,000 from 12 June 2024 to the next AGM of the Company which will be held in 2025
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 78 4
No. of Shares 599,988,859 110,050
% of Voted Shares 99.9817 0.0183
Result Accepted

7. Ordinary Resolution 7
Description To re-appoint Messrs BDO PLT, the retiring Auditors, as Auditors of the Company, and to authorise the Board to fix their remuneration
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 82 5
No. of Shares 600,160,421 12,688
% of Voted Shares 99.9979 0.0021
Result Accepted

8. Ordinary Resolution 8
Description To empower the Board of Directors to issue shares pursuant to Section 75 of the Companies Act 2016
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 66 20
No. of Shares 564,913,159 35,136,550
% of Voted Shares 94.1444 5.8556
Result Accepted

9. Ordinary Resolution 9
Description To approve the renewal of the authority for the Company to purchase its own shares
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 89 2
No. of Shares 600,087,909 3,100
% of Voted Shares 99.9995 0.0005
Result Accepted

 

Announcement Info

Company Name MI TECHNOVATION BERHAD
Stock Name MI
Date Announced 11 Jun 2024
Category General Meeting
Reference Number GMA-06062024-00007
Corporate Action ID MY240606MEET0007