GENERAL MEETINGS: Outcome of Meeting

VOLCANO BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 20 Nov 2024
Time 10:00 AM

Venue(s) 
Kelawai Room, Lobby,

Gurney Bay Hotel

53 Persiaran Gurney

10250 George Town, Pulau Pinang

Malaysia

Outcome of Meeting

Volcano Berhad ("VB" or "the Company") wishes to announce that at the Sixth Annual General Meeting ("6th AGM") of the Company held today, eight (8) ordinary resolutions as set out in the Notice of the 6th AGM daed 18 October 2024 were duly passed by way of poll.

The results of the poll were duly verified by Value Creator Consultancy, the independent Scrutineer appointed by the Company.

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

The announcement is dated 20 November 2024. 

Voting Results

1. Resolution 1

Description 
To approve the payment of Directors' fees amounting to RM156,000.00 payable to Non- Executive Directors of the Company for the period from 1 December 2024 until the next Annual General Meeting
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 22 0
No. of Shares 111,642,500 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Resolution 2

Description 
To approve the payment of Directors' benefits (excluding Directors' fees) amounting to RM12,000.00 payable to Non-Executive Directors of the Company for the period from 1 December 2024 until the next Annual General Meeting
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 22 0
No. of Shares 111,642,500 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Resolution 3

Description 
To re-elect the following Directors who retire pursuant to the Clause 98(1)(b) of the Company's Constitution and who being eligible, offer themselves for re-election:
(a) Datuk Ch'ng Huat Seng
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 24 0
No. of Shares 83,857,500 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. Resolution 4

Description 
To re-elect the following Directors who retire pursuant to the Clause 98(1)(b) of the Company's Constitution and who being eligible, offer themselves for re-election:
(b) Mr. Yeap Guan Seng
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 24 0
No. of Shares 101,304,200 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Resolution 5

Description 
To re-elect Mr. Andrew Su Meng Kit, who retires pursuant to the Clause 104 of the Company's Constitution and who being eligible, offers himself for re-election
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 22 0
No. of Shares 95,257,500 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Resolution 6

Description 
To approve the payment of the final dividend of 0.50 sen per ordinary share of the Company in respect of the financial year ended 30 June 2024
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 0
No. of Shares 112,057,500 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Resolution 7

Description 
To re-appoint Messrs Baker Tilly Monteiro Heng PLT as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Directors to fix their remuneration
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 0
No. of Shares 112,057,500 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Resolution 8

Description 
AUTHORITY TO ALLOT AND ISSUE SHARES PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 0
No. of Shares 112,057,500 0
% of Voted Shares 100.0000 0.0000
Result Accepted





Announcement Info

Company Name VOLCANO BERHAD
Stock Name VOLCANO
Date Announced 20 Nov 2024
Category General Meeting
Reference Number GMA-19112024-00002
Corporate Action ID MY241119MEET0002


Please refer attachment below.

  1. VB-6th-AGM-result-20112024.pdf