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Vertical Business Suite, Unit 35-01, Level 35, Tower A,
Avenue 3, Bangsar South, No. 8, Jalan Kerinchi,
59200 Kuala Lumpur,
Malaysia
Outcome of Meeting
The Board of Directors of Kotra Industries Berhad ("Kotra") is pleased to announce that at the Twenty-Fourth Annual General Meeting ("AGM") of Kotra held today, all the resolutions as set out in the Notice of Twenty-Fourth AGM dated 27 October 2023, were duly passed by the shareholders of Kotra.
The voting in respect of the resolutions were carried out by way of poll via remote participation and electronic voting and the results were validated by Quantegic Services Sdn. Bhd., the independent Scrutineer appointed by Kotra.
The details of the poll results are set out below.
This announcement is dated 28 November 2023.
Voting Results
1. Ordinary Resolution 1
Description
To approve the payment of Directors' fees amounting to RM420,000.00 from 29 November 2023 until the next AGM of the Company in year 2024.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
46
14
No. of Shares
77,533,148
18,994
% of Voted Shares
99.9755
0.0245
Result
Accepted
2. Ordinary Resolution 2
Description
To approve the payment of Directors' benefits payable up to an amount of RM30,000.00 from 29 November 2023 until the next AGM of the Company in year 2024.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
48
14
No. of Shares
85,638,550
18,994
% of Voted Shares
99.9778
0.0222
Result
Accepted
3. Ordinary Resolution 3
Description
To re-elect the director, Mr. Piong Teck Onn, who is retiring pursuant to Clause 118 of the Company's Constitution, being eligible, has offered himself for re-election.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
54
9
No. of Shares
86,972,717
1,391
% of Voted Shares
99.9984
0.0016
Result
Accepted
4. Ordinary Resolution 4
Description
To re-elect the director, Mr. Lee Min On, who is retiring pursuant to Clause 118 of the Company's Constitution, being eligible, has offered himself for re-election.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
53
10
No. of Shares
86,955,617
18,491
% of Voted Shares
99.9787
0.0213
Result
Accepted
5. Ordinary Resolution 5
Description
To re-appoint 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
55
9
No. of Shares
86,977,117
1,391
% of Voted Shares
99.9984
0.0016
Result
Accepted
6. Ordinary Resolution 6
Description
Authority to Allot and Issue Shares pursuant to the Companies Act 2016
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
52
12
No. of Shares
86,960,014
18,494
% of Voted Shares
99.9787
0.0213
Result
Accepted
7. Ordinary Resolution 7
Description
Proposed Renewal of Shareholders' Mandate for Existing Recurrent Related Party Transactions of a Revenue or Trading Nature