GENERAL MEETINGS: Outcome of Meeting
| BAHVEST RESOURCES BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 22 Mar 2024 |
| Time | 10:00 AM |
| Venue(s) |
Matahari 3 and 4, Level 5, Cititel Mid Valley, Lingkaran Syed Putra, Mid Valley City, 59200 Kuala Lumpur Malaysia |
| Outcome of Meeting | The Board of Directors of Bahvest Resources Berhad (“Bahvest” or “the Company”) wishes to announce that all resolutions set out in the Notice of the 19th Annual General Meeting ("AGM") of the Company dated 31 January 2024 were duly passed by the shareholders of the Company by way of poll voting held on today, 22 March 2024, save and except for Ordinary Resolution 5 in relation to the re-election of Mr Law Ngia Meng as Director was withdrawn as Mr Law Ngia Meng was resigned on 9 February 2024.
The results of the poll were verified by the Independent Scrutineer, Techcom Advisory Sdn. Bhd.
This announcement is dated 22 March 2024. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the payment of Directors Fees and Benefits to the Non-Executive Directors up to an amount of RM500,000 for the period from the conclusion of the 19th AGM until the next Annual General Meeting of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 40 | 8 |
| No. of Shares | 458,598,032 | 1,123,104 |
| % of Voted Shares | 99.7557 | 0.2443 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To re-elect Mr. Chong Tzu Khen is retiring in accordance with Clause 107(1)(a) of the Company's Constitution and being eligible, offered himself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 45 | 3 |
| No. of Shares | 459,721,033 | 103 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To re-elect Mr Wong Ji Yung who is retiring in accordance with Clause 107(1)(a) of the Company's Constitution and being eligible, offered himself, for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 45 | 3 |
| No. of Shares | 459,721,033 | 103 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-elect Mr. Chong Mee Fah @ Frederick Chong who is retiring in accordance with Clause 107(1)(a) of the Company's Constitution and being eligible, offered himself, for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 45 | 4 |
| No. of Shares | 458,297,433 | 1,423,703 |
| % of Voted Shares | 99.6903 | 0.3097 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To re-elect Mr Law Ngia Meng who is retiring in accordance with Clause 107(1)(a) of the Company's Constitution and being eligible, offered himself, for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 0 | 0 |
| No. of Shares | 0 | 0 |
| % of Voted Shares | 0.0000 | 0.0000 |
| Result | Withdrawn/ Postponed | |
6. Ordinary Resolution 6 |
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| Description |
To re-elect Puan Rohaiza Binti Tan Sri Mohamed Basir who is retiring in accordance with Clause 107(1)(a) of the Company's Constitution and being eligible, offered herself, for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 43 | 3 |
| No. of Shares | 459,720,833 | 103 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
To re-appoint Messrs Baker Tilly Monteiro Heng PLT as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Directors to fix their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 43 | 4 |
| No. of Shares | 458,297,233 | 1,423,703 |
| % of Voted Shares | 99.6903 | 0.3097 |
| Result | Accepted | |
8. Ordinary Resolution 8 |
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| Description |
Authority to issue and allot shares pursuant to Sections 75 and 76 of the Companies Act, 2016. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 40 | 6 |
| No. of Shares | 459,720,132 | 804 |
| % of Voted Shares | 99.9998 | 0.0002 |
| Result | Accepted | |
9. Ordinary Resolution 9 |
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| Description |
Retention of Independent Non-Executive Director pursuant to Practice 5.3 of the Malaysian Code on Corporate Governance. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 1 | 0 |
| No. of Shares | 169,693,700 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
10. Ordinary Resolution 9 (Tier 2) |
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| Description |
Retention of Independent Non-Executive Director pursuant to Practice 5.3 of the Malaysian Code on Corporate Governance. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 40 | 5 |
| No. of Shares | 290,027,114 | 122 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
Announcement Info
| Company Name | BAHVEST RESOURCES BERHAD |
| Stock Name | BAHVEST |
| Date Announced | 22 Mar 2024 |
| Category | General Meeting |
| Reference Number | GMA-22032024-00001 |
| Corporate Action ID | MY240322MEET0001 |