Date : 25 May 2023
GENERAL MEETINGS: Outcome of Meeting
| HEXTAR INDUSTRIES BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 25 May 2023 |
| Time | 10:00 AM |
| Venue(s) |
Broadcast Venue at No 64, Jalan Bayu Laut 4/KS09, Kota Bayuemas, 41200 Klang, Selangor Darul Ehsan, Malaysia |
| Outcome of Meeting | The Board of Directors of Hextar Industries Berhad (“the Company”) is pleased to announce that all resolutions set out in the Notice of the Eleventh Annual General Meeting ("11th AGM") dated 26 April 2023 were duly passed by the shareholders of the Company at the 11th AGM held today, 25 May 2023 using online meeting platform provided by Tricor Investor & Issuing House Services Sdn. Bhd. in Malaysia.
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Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the Directors' fees amounting of up to RM600,000 for the period from 11th AGM until the conclusion of the 12th AGM of the Company. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 74 | 18 |
| No. of Shares | 1,968,021,856 | 48,670 |
| % of Voted Shares | 99.9975 | 0.0025 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To approve the payment of Directors' benefits of up to RM100,000 for the period from 11th AGM until the conclusion of the 12th AGM of the Company. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 73 | 17 |
| No. of Shares | 1,967,208,256 | 12,270 |
| % of Voted Shares | 99.9994 | 0.0006 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To re-elect Dato' Chan Choun Sien who is retiring pursuant to the Clause 103(1) of the Company's Constitution and being eligible, has offered himself for re-election. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 80 | 13 |
| No. of Shares | 1,984,500,958 | 2,268 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-elect Ong Tzu Chuen who is retiring pursuant to the Clause 103(1) of the Company's Constitution and being eligible, has offered herself for re-election. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 80 | 13 |
| No. of Shares | 1,984,500,958 | 2,268 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To re-elect Sham Weng Kong who is retiring pursuant to Clause 110 of the Company's Constitution and being eligible, has offered himself for re-election. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 79 | 13 |
| No. of Shares | 1,983,750,958 | 2,268 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To re-appoint Messrs. Ecovis Malaysia PLT as Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 80 | 13 |
| No. of Shares | 1,984,500,958 | 2,268 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
Authority to issue shares pursuant to Sections 75 and 76 of the Companies Act 2016 |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 77 | 16 |
| No. of Shares | 1,984,463,525 | 39,701 |
| % of Voted Shares | 99.9980 | 0.0020 |
| Result | Accepted | |
8. Ordinary Resolution 8 |
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| Description |
Proposed authority for the Company to undertake a Share Buy-Back of up to Ten percent (10%) of its total number of issued shares |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 80 | 13 |
| No. of Shares | 1,984,500,958 | 2,268 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
9. Ordinary Resolution 9 |
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| Description |
Proposed new and renewal of shareholders' mandate for recurrent related party transactions of a revenue or trading nature |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 70 | 13 |
| No. of Shares | 300,183,761 | 2,268 |
| % of Voted Shares | 99.9992 | 0.0008 |
| Result | Accepted | |
10. Ordinary Resolution 10 |
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| Description |
Proposed continuation in office of Sim Yee Fuan as Independent Non-Executive Director |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 10 | 0 |
| No. of Shares | 1,684,317,197 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
11. Ordinary Resolution 10 - Tier 2 |
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| Description |
Proposed continuation in office of Sim Yee Fuan as Independent Non-Executive Director |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 68 | 15 |
| No. of Shares | 300,183,695 | 2,334 |
| % of Voted Shares | 99.9992 | 0.0008 |
| Result | Accepted | |
Announcement Info
| Company Name | HEXTAR INDUSTRIES BERHAD |
| Stock Name | HEXIND |
| Date Announced | 25 May 2023 |
| Category | General Meeting |
| Reference Number | GMA-17052023-00010 |
| Corporate Action ID | MY230517MEET0009 |