GENERAL MEETINGS: OUTCOME OF MEETING

NOVA MSC BERHAD
22 Aug 2016

Type of Meeting : Annual General Meeting
Indicator : Outcome of Meeting
Date of Meeting : 22 Aug 2016
Time : 09:30 AM
Venue : Tropicana Golf & Country Resort,
Jalan Kelab Tropicana,
47410 Petaling Jaya, Selangor
Outcome of Meeting : The Board of Directors of Nova MSC Berhad (“NovaMSC or “the Company”) is pleased to announce that the resolutions as prescribed in the Notice of Annual General Meeting (“AGM”) of the Company dated 29 July 2016 was duly passed by way of poll at the AGM of the Company held at Tropicana Golf & Country Resort, Jalan Kelab Tropicana, 47410 Petaling Jaya, Selangor on Monday, 22 August 2016.The results of the poll which was validated by OAC Consulting Sdn. Bhd., the Independent Scrutineer appointed by the Company, are as set out below:-

Ordinary Resolution Vote in Favour Vote Against Result
No. of shares % No. of shares %
To receive and adopt the Audited Accounts for the year ended 31 March 2016, together with the Reports of Directors and Auditors thereon. 163,030,321 100 Approved
To re-elect Y.A.M Tunku Dato’ Seri Nadzaruddin Ibni Almarhum Tuanku Ja’afar who retires as Director pursuant to Article 96 of the Company’s Articles of Association. 157,870,321 100 Approved
To re-elect Mr. Onn Kien Hoe who retires as Director pursuant to Article 96 of the Company’s Articles of Association. 163,030,321 100 Approved
To approve the payment of Directors’ fees for the year ended 31 March 2016. 163,030,321 100 Approved
To appoint Messrs. Folks DFK & Co. as Auditors of the Company and to authorize the Directors to fix the Auditors’ remuneration. 163,030,321 100 Approved
ORDINARY RESOLUTION 1

RE-APPOINTMENT OF DIRECTOR

To re-appoint Dr. Victor John Stephen Price who is over the age of seventy (70) years, to hold office until the next annual general meeting pursuant to section 129(6) of the Companies Act, 1965

93,602,110 100 Approved
ORDINARY RESOLUTION 2

Continuation in office as Independent Non-Executive Director pursuant to Recommendation 3.3 of the Malaysian Code on Corporate Governance 2012 “That approval be and is hereby given to Mr. Onn Kien Hoe who has served as an Independenr Non-Executive Director of the Company for a cumulative term of more than nine years, to continue to act as an Indipendent Non-Executive DIrector of the Company.”

163,030,321 100 Approved
ORDINARY RESOLUTION 3

SECTION 132D OF THE COMPANIES ACT, 1965.

“THAT pursuant to Section 132D of the Companies Act, 1965 and subject to the approval of the relevant regulatory authorities, the Directors be and are hereby authorized to issue shares in the Company, at any time and upon such terms and conditions and for such purposes and to such person or persons whomsoever as the Directors may deem fit, provided that the aggregate number of shares to be issued pursuant to this resolution shall not exceed 10% of the issued capital of the Company for the time being and that such authority shall continue in force until the conclusion of the next Annual General Meeting of the Company

163,030,321 100 Approved
ORDINARY RESOLUTION 4

PROPOSED RENEWAL OF EXISTING SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE (“PROPOSED SHAREHOLDERS’ MANDATE”)

48,823,960 100 Approved

This announcement is dated 22 August 2016.

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