GENERAL MEETINGS: Outcome of Meeting
| MAGNUM BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 29 May 2025 |
| Time | 09:30 AM |
| Venue(s) |
Grand Ballroom, First Floor, Flamingo hotel by the lake No.5, Tasik Ampang, Jalan Hulu Kelang, 68000 Ampang, Selangor Darul Ehsan Malaysia |
| Outcome of Meeting | The Company wishes to announce that at its Forty-Ninth Annual General Meeting ("49th AGM") held today, 29 May 2025, the Audited Financial Statements for the financial year ended 31 December 2024 together with the Reports of the Directors and Auditors thereon were duly tabled and received under Agenda 1.
All ordinary resolutions set out in the Notice of the 49th AGM dated 29 April 2025 were duly passed by a large majority of shareholders and proxies present at the 49th AGM.
The voting in respect of each resolution was carried out by way of electronic poll ("e-poll") conducted by the Share Registrar, Metra Management Sdn. Bhd. as Poll Administrator and the results were validated by Symphony Corporate Services Sdn. Bhd., an Independent Scrutineers appointed by the Company. Details of the e-poll results are set out below.
This announcement is dated 29 May 2025. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the payment of Directors' fees of RM130,000 per annum for each of the Non-Executive Directors in respect of the year ended 31 December 2024 totalling RM520,000. (Year 2023 : RM130,000 each per annum totalling RM494,000). |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 110 | 8 |
| No. of Shares | 636,612,544 | 86,244 |
| % of Voted Shares | 99.9865 | 0.0135 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To approve the payment of the Directors remuneration (excluding Directors fees) to the Non-Executive Directors of up to an amount of RM100,000 for the period from 29 May 2025 until the next Annual General Meeting of the Company. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 109 | 8 |
| No. of Shares | 636,682,891 | 35,197 |
| % of Voted Shares | 99.9945 | 0.0055 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To re-elect the Director, Dato' Lawrence Lim Swee Lin, who is retiring by rotation in accordance with Clause 90 of the Constitution of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 90 | 24 |
| No. of Shares | 562,482,284 | 74,247,083 |
| % of Voted Shares | 88.3393 | 11.6607 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-elect the Director, Krian Upatkoon, who is retiring by rotation in accordance with Clause 90 of the Constitution of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 101 | 16 |
| No. of Shares | 640,480,621 | 9,522,090 |
| % of Voted Shares | 98.5351 | 1.4649 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To re-appoint Ernst & Young PLT as Auditors of the Company for the financial year ending 31 December 2025 and to authorise the Board of Directors to fix their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 111 | 5 |
| No. of Shares | 649,961,316 | 40,840 |
| % of Voted Shares | 99.9937 | 0.0063 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
Proposed Renewal Of 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 | 108 | 7 |
| No. of Shares | 641,220,635 | 494,593 |
| % of Voted Shares | 99.9229 | 0.0771 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
Proposed Renewal Of The Authority For The Company to Purchase Its Own Shares. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 111 | 4 |
| No. of Shares | 649,722,738 | 20,573 |
| % of Voted Shares | 99.9968 | 0.0032 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | MAGNUM BERHAD |
| Stock Name | MAGNUM |
| Date Announced | 29 May 2025 |
| Category | General Meeting |
| Reference Number | GMA-29052025-00012 |
| Corporate Action ID | MY250529MEET0012 |