MESB BERHAD

(COMPANY NO.: 337554-D) 

SUMMARY OF KEY MATTERS DISCUSSED

AT THE TWENTY-THIRD ANNUAL GENERAL MEETING 

The Twenty-Third Annual General Meeting (“23rd AGM”) of the MESB Berhad (“the Company” or “MESB”) was held at Room 5, Level 2, Hotel Sri Petaling, 30, Jalan Radin Anum, Bandar Baru Sri Petaling, 57000 Kuala Lumpur on Thursday, 27 September 2018 at 9.30 a.m.

With the requisite quorum being present, the Meeting proceeded with the items on the Agenda stated in the Notice of the 23rd AGM dated 27 September 2018 (“Notice of 23rd AGM”).

There were nine (9) items on the Agenda that put forth to the shareholders for discussion and/or approval. The shareholders were invited to raise question on each of the Agenda items. It was recorded that no key matters discussed at the 23rd AGM.

The Audited Financial Statement for the financial year ended 31 March 2018 and the Report of the Directors and Auditors thereon were duly tabled and received at the 23rd AGM of the Company.

The following Ordinary/Special Resolutions as set out in the Notice of 23rd AGM were voted by poll and duly carried/ passed at the 23rd AGM of the Company:- 

Ordinary Resolution 1

• To re-elect Mr Tan Yew Kim as a Director who is retiring pursuant to the Articles 78 of the Constitution of the Company.
  

Ordinary Resolution 2

• To re-elect Mr Loke Lee Ping as a Director who is retiring pursuant to the Articles 78 of the Constitution of the Company.
  

Ordinary Resolution 3 

• To approve the payment of Directors’ fees of RM125,000 for the financial year ended 31 March 2018.

 Ordinary Resolution 4 

• To approve the payment of Directors’ Remuneration (excluding Directors Fees) to the Non-Executive Directors of the Company and its subsidiaries up to an amount of RM38,400 for the period from 28 September 2018 until the next Annual General Meeting.
  

Ordinary Resolution 5

• To re-appoint Messrs KPMG as Auditors of the Company and to authorise the Directors to fix their remuneration.

Ordinary Resolution 6

• To approve the Proposed Renewal of Existing Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.

Ordinary Resolution 7

• To approve Encik Saffie Bin Bakar to continuing in Office as Independent Non-Executive Director.

Ordinary Resolution 8

• To obtain an authority to issue and allot of shares pursuant to Sections 75 and 76 of the Companies Act 2016.

Special Resolution 1

• To approve the Proposed adoption of New Company’s Constitution.

 

There being no other matters to be transacted, the meeting closed at 10:25 a.m.

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