GENERAL MEETINGS: Outcome of Meeting
| VESTLAND BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 09 Jun 2025 |
| Time | 10:00 AM |
| Venue(s) |
FOX Ballroom, FOX Hotel Glenmarie Shah Alam, Level 8, Pusat Komersil Vestland, No. 6 Jalan Juruanalisis U1/35, Seksyen U1, 40150 Shah Alam, Selangor Darul Ehsan Malaysia |
| Outcome of Meeting | The Board of Directors of Vestland Berhad ("the Company") wishes to announce that all the resolutions as set out in the notice convening the Third Annual General Meeting ("3rd AGM") dated 30 April 2025 were duly passed at the 3rd AGM held earlier today.
The voting in respect of all the resolutions was carried out by way of poll, the results of which were validated by Scrutineer Solutions Sdn Bhd, being the independent scrutineer appointed by the Company.
Details of the voting results are set out below.
This announcement is dated 9 June 2025. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the payment of Directors' fees of up to RM222,000.00 for the period immediately after the 3rd AGM until the next AGM of the Company to be held in 2026. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 29 | 3 |
| No. of Shares | 686,941,200 | 18,400 |
| % of Voted Shares | 99.9973 | 0.0027 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To approve the payment of Directors' benefits of up to RM40,000.00 for the period immediately after the 3rd AGM until the next AGM of the Company to be held in 2026. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 29 | 3 |
| No. of Shares | 686,947,100 | 12,500 |
| % of Voted Shares | 99.9982 | 0.0018 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To re-elect Dato' Mathialakan Chelliah as Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 30 | 2 |
| No. of Shares | 686,947,200 | 12,400 |
| % of Voted Shares | 99.9982 | 0.0018 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-elect Dato' Yong Lei Choo as Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 31 | 2 |
| No. of Shares | 687,247,200 | 12,400 |
| % of Voted Shares | 99.9982 | 0.0018 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To re-appoint Messrs. Grant Thornton Malaysia PLT as External Auditors of the Company and to authorise the Directors to fix their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 32 | 1 |
| No. of Shares | 687,258,200 | 1,400 |
| % of Voted Shares | 99.9998 | 0.0002 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To grant 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 | 30 | 3 |
| No. of Shares | 686,991,100 | 268,500 |
| % of Voted Shares | 99.9609 | 0.0391 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
To approve the Proposed Renewal of Existing Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 24 | 3 |
| No. of Shares | 349,112,798 | 23,600 |
| % of Voted Shares | 99.9932 | 0.0068 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | VESTLAND BERHAD |
| Stock Name | VLB |
| Date Announced | 09 Jun 2025 |
| Category | General Meeting |
| Reference Number | GMA-08062025-00003 |
| Corporate Action ID | MY250608MEET0003 |