GENERAL MEETINGS: Outcome of Meeting

WASCO BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 29 May 2025
Time 02:30 PM

Venue(s)
Ballroom, Level 9

St. Giles Boulevard, The Boulevard

Mid Valley City, Lingkaran Syed Putra

59200 Kuala Lumpur, Wilayah Persekutuan

Malaysia

Outcome of Meeting

The Board of Directors of Wasco Berhad ("Company") wishes to announce that at its Twenty-Fifth Annual General Meeting ("25th AGM") held this afternoon, all the ordinary resolutions as set out in the Notice of 25th AGM dated 29 April 2025 were duly approved by the shareholders of the Company.

All the ordinary resolutions voted by poll were carried and the results of the poll were validated by Quantegic Services Sdn. Bhd., an independent Scrutineer appointed by the Company.

The detailed results of the poll are set out in the attachment.

This announcement is dated 29 May 2025.


Voting Results


1. Ordinary Resolution 1

Description
To approve the Directors' Fees of RM805,000 payable to the Non-Executive Directors for the financial year ended 31 December 2024.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 131 1
No. of Shares 466,691,084 100
% of Voted Shares 99.9999 0.0000
Result Accepted

2. Ordinary Resolution 2

Description
To approve the payment of Directors' Fees on a quarterly basis to the Non-Executive Directors of the Company of up to the amount of RM950,000 for the financial year ending 31 December 2025.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 130 2
No. of Shares 466,633,076 58,108
% of Voted Shares 99.9875 0.0124
Result Accepted

3. Ordinary Resolution 3

Description
To approve the Directors' Meeting Allowances of up to an amount of RM190,000 payable to the Non-Executive Directors for the financial year ending 31 December 2025.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 132 2
No. of Shares 478,690,883 27,615
% of Voted Shares 99.9942 0.0057
Result Accepted

4. Ordinary Resolution 4

Description
To re-elect Gian Carlo Maccagno as Director who retires pursuant to Clause 117 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 133 1
No. of Shares 478,606,698 111,800
% of Voted Shares 99.9766 0.0233
Result Accepted

5. Ordinary Resolution 5

Description
To re-elect Datin Wan Daneena Liza Binti Wan Abdul Rahman as Director who retires pursuant to Clause 117 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 132 2
No. of Shares 478,548,690 169,808
% of Voted Shares 99.9645 0.0354
Result Accepted

6. Ordinary Resolution 6

Description
To re-elect Lily Rozita Binti Mohamad Khairi as Director who retires pursuant to Clause 117 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 133 1
No. of Shares 478,606,698 111,800
% of Voted Shares 99.9766 0.0233
Result Accepted

7. Ordinary Resolution 7

Description
To re-appoint PricewaterhouseCoopers PLT as Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 129 6
No. of Shares 478,341,157 377,341
% of Voted Shares 99.9211 0.0788
Result Accepted

8. Ordinary Resolution 8

Description
To authorise the issuance of shares by the Directors of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 120 14
No. of Shares 398,157,999 80,560,499
% of Voted Shares 83.1716 16.8283
Result Accepted

9. Ordinary Resolution 9

Description
Proposed Renewal of Authority to Buy-Back its Own Shares by the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 126 8
No. of Shares 437,799,446 40,919,052
% of Voted Shares 91.4523 8.5476
Result Accepted

10. Ordinary Resolution 10

Description
Proposed Renewal of Shareholders' Mandate for the Existing Recurrent Related Party Transactions of a Revenue or Trading Nature ("Existing RRPT") and Provision of Financial Assistance involving Dato' Seri Robert Tan Chung Meng, Madam Pauline Tan Suat Ming, Mr Tony Tan Choon Keat, Tan Chin Nam Sendirian Berhad, Tan Kim Yeow Sendirian Berhad and Wah Seong (Malaya) Trading Co. Sdn. Bhd.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 125 3
No. of Shares 208,123,022 377,700
% of Voted Shares 99.8188 0.1811
Result Accepted

11. Ordinary Resolution 11

Description
Proposed Renewal of Shareholders' Mandate for the Existing RRPT involving Dato' Mohamed Nizam Bin Abdul Razak and Encik Mohd Azlan Bin Mohammed.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 131 2
No. of Shares 478,584,774 29,567
% of Voted Shares 99.9938 0.0061
Result Accepted






Announcement Info

Company Name WASCO BERHAD
Stock Name WASCO
Date Announced 29 May 2025
Category General Meeting
Reference Number GMA-29052025-00004
Corporate Action ID MY250529MEET0004


Please refer attachment below.

  1. WB-25th AGM polling result.pdf