GENERAL MEETINGS: Outcome of Meeting

ORNAPAPER BERHAD

Type of Meeting Annual General Meeting
Indicator Outcome of Meeting
Date of Meeting 24 May 2019
Time 10:30 AM
Venue
The Function Room 2, Level 2, Holiday Inn Melaka, Jalan Syed Abdul Aziz, 75000 Melaka.
Outcome of Meeting

The Board of Directors of Ornapaper Berhad (“ORNA” or “the Company”) wishes to announce that the shareholders of the Company have approved all the resolutions as set out in the Notice of the Seventeenth Annual General Meeting (“AGM”) dated 25 April 2019 at the Seventeenth AGM held on 24 May 2019.

 

All the resolutions were voted by poll at the Seventeenth AGM and the results were verified by the representative from Needsbridge Advisory Sdn. Bhd., the Independent Scrutineer appointed by the Company.

 

The details of the poll results are set out below. 

 

This announcement is dated 24 May 2019.

Voting Results

Resolution Vote in favour Vote Against Results
No. of Shares % No. of Shares %
Resolution 1

To approve the declaration and payment of a Single-Tier Final Dividend of 2.5 sen per ordinary share for the financial year ended 31 December 2018.

32,080,043 100.000000 0 0.000000 Carried
Resolution 2

To approve the payment of Directors’ fees amounting to RM360,000.00 from 25 May 2019 until the next AGM of the Company in year 2020.

32,041,043 100.000000 0 0.000000 Carried
Resolution 3

To approve the payment of Directors’ benefits payable up to an amount of RM25,000.00 from 25 May 2019 until the next AGM of the Company in year 2020.

32,041,043 100.000000 0 0.000000 Carried
Resolution 4

To re-elect Datuk Adillah binti Ahmad Nordin as Director of the Company, who is retiring in accordance to Article 92 of the Company’s Articles of Association and being eligible, has offered herself for re-election. 

32,080,043 100.000000 0 0.000000 Carried
Resolution 5

To re-elect Sai Chin Hock as Director of the Company,  who is retiring in accordance to Article 92 of the Company’s Articles of Association and being eligible, has offered himself for re-election. 

31,720,043 100.000000 0 0.000000 Carried
Resolution 6

To appoint Messrs. Crowe Malaysia PLT (formerly known as Crowe Horwath) as Auditors of the Company in place of the retiring Auditors, Messrs. Ernst & Young for the ensuing year and to authorise the Directors to fix their remuneration.

32,080,043 100.000000 0 0.000000 Carried
Resolution 7

Special Business
Ordinary Resolution I
Authority to Issue Shares Pursuant to Sections 75 and 76 of the Companies Act 2016.

32,080,043 100.000000 0 0.000000 Carried
Resolution 8

Special Business 
Ordinary Resolution II
Retention of Datuk Adillah binti Ahmad Nordin as Independent Non-Executive Director.
(Tier 1 - Large Holder)

22,827,874 100.000000 0 0.000000 Carried
Resolution 8

Special Business
Ordinary Resolution II
Retention of Datuk Adillah binti Ahmad Nordin as Independent Non-Executive Director.
(Tier 2 - Other Holders)

9,252,169 100.000000 0 0.000000 Carried
Resolution 9

Special Business
Ordinary Resolution III
Retention of Siow Kee Yen as Independent Non-Executive Director.
(Tier 1 - Large Holder)

22,827,874 100.000000 0 0.000000 Carried
Resolution 9

Special Business
Ordinary Resolution III
Retention of Siow Kee Yen as Independent Non-Executive Director.
(Tier 2 - Other Holders)

9,252,169 100.000000 0 0.000000 Carried
Resolution 10

Special Business
Ordinary Resolution IV
Proposed Renewal of Shareholders’ Mandate for Existing Recurrent Related Party Transactions of a Revenue or Trading Nature.

8,792,845 100.000000 0 0.000000 Carried
Resolution 11

Special Business
Ordinary Resolution V
Proposed Renewal of Authority for Share Buy-Back.

32,080,043 100.000000 0 0.000000 Carried
Resolution 12

Special Business
Special Resolution
Proposed Adoption of a New Constitution of the Company.

32,080,043 100.000000 0 0.000000 Carried


Please refer attachment below.



Announcement Info

Company Name ORNAPAPER BERHAD
Stock Name ORNA
Date Announced 24 May 2019
Category General Meeting
Reference Number GMA-17052019-00006