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General Meetings: Outcome Of Meeting
BackMar 27, 2024
| Type of Meeting | Extraordinary |
| Indicator | Outcome of Meeting |
| Date of Meeting | 27 Mar 2024 |
| Time | 10:30 AM |
| Venue(s) | Broadcast venue B-21-1, Level 21, Tower B, Northpoint Mid Valley City, No. 1, Medan Syed Putra Utara, 59200 Kuala Lumpur, Wilayah Persekutuan Malaysia |
| Outcome of Meeting |
The Board of Directors of Sarawak Consolidated Industries Berhad ("the Company") is pleased to announce that all the Ordinary Resolutions set out in the Notice of Extraordinary General Meeting ("EGM") were duly passed by poll via Remote Participation and Voting facilities at https://scib-egm.digerati.com.my at the EGM held on 27 March 2024 except for Ordinary Resolutions No. 3, 4, 5, 6, 7 and 8 which were withdrawn. The results of the poll were validated by the Independent Scrutineer, CSC Securities Services Sdn Bhd, the Independent Scrutineer appointed by the Company. The details of the poll results are set out below. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description | PROPOSED CAPITALISATION OF AN AGGREGATE AMOUNT OF RM11,301,266.80 DEBT OWING TO GOH HARDWARE & CONSTRUCTION SDN BHD BY SCIB PROPERTIES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SCIB VIA THE ISSUANCE OF 18,496,345 NEW ORDINARY SHARES IN SCIB ("CAPITALISATION SHARES") AT AN ISSUE PRICE OF RM0.6110 PER CAPITALISATION SHARE |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 212 | 57 |
| No. of Shares | 109,597,682 | 67,640 |
| % of Voted Shares | 99.9383 | 0.0617 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description | PROPOSED ESTABLISHMENT OF A LONG-TERM INCENTIVE PLAN ("LTIP") OF UP TO 15.0% OF THE COMPANY'S TOTAL NUMBER OF ISSUED SHARES (EXCLUDING TREASURY SHARES, IF ANY) AT ANY POINT OF TIME DURING THE DURATION OF THE LTIP FOR THE ELIGIBLE DIRECTORS OF SCIB AND EMPLOYEES OF SCIB AND ITS NON-DORMANT SUBSIDIARY(IES), WHO FULFIL THE ELIGIBILITY CRITERIA AS SET OUT IN THE BY-LAWS OF THE LTIP | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 208 | 61 |
| No. of Shares | 109,472,676 | 193,245 |
| % of Voted Shares | 99.8238 | 0.1762 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description | PROPOSED AWARDING OF SHARE OPTION PLAN OPTIONS TO DATO SRI ZAINI BIN JASS | |
| 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 | |
4. Ordinary Resolution 4 |
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| Description | PROPOSED AWARDING OF SHARE OPTION PLAN OPTIONS TO DATO TAN BOK KOON | |
| 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 | |
5. Ordinary Resolution 5 |
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| Description | PROPOSED AWARDING OF SHARE OPTION PLAN OPTIONS TO SR. MOHD NAZRI BIN MAT NOOR | |
| 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 | PROPOSED AWARDING OF SHARE OPTION PLAN OPTIONS TO DR. DANG NGUK LING | |
| 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 | |
7. Ordinary Resolution 7 |
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| Description | PROPOSED AWARDING OF SHARE OPTION PLAN OPTIONS TO KANG WEI LUEN | |
| 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 | |
8. Ordinary Resolution 8 |
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| Description | PROPOSED AWARDING OF SHARE OPTION PLAN OPTIONS TO LIAW WAY GIAN | |
| 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 | |
9. Ordinary Resolution 9 |
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| Description | PROPOSED AWARDING OF SHARE GRANT PLAN AWARD AND/OR SHARE OPTION PLAN OPTIONS TO KU CHONG HONG | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 191 | 72 |
| No. of Shares | 108,123,270 | 180,549 |
| % of Voted Shares | 99.8333 | 0.1667 |
| Result | Accepted | |
10. Ordinary Resolution 10 |
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| Description | PROPOSED AWARDING OF SHARE GRANT PLAN AWARD AND/OR SHARE OPTION PLAN OPTIONS TO CHIEW JONG WEI | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 192 | 69 |
| No. of Shares | 109,479,269 | 180,249 |
| % of Voted Shares | 99.8356 | 0.1644 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | SARAWAK CONSOLIDATED INDUSTRIES BERHAD |
| Stock Name | SCIB |
| Date Announced | 27 Mar 2024 |
| Category | General Meeting |
| Reference Number | GMA-26032024-00016 |
| Corporate Action ID | MY240326MEET0016 |
Attachments
- SCIB-Press_Release_-Outcome_of_EGM_-_to_Bursa_20240327.pdf (Size: 173,728 bytes)
