GENERAL MEETINGS: Outcome of Meeting

REDTONE INTERNATIONAL BERHAD

Type of Meeting Annual General Meeting
Indicator Outcome of Meeting
Date of Meeting 03 Dec 2019
Time 10:00 AM
Venue
Langkawi Room, Bukit Jalil Golf & Country Resort, Bukit Jalil, 57000 Kuala Lumpur
Outcome of Meeting

The Board of Directors of REDtone International Berhad (“the Company”) wishes to announce that all resolutions as set out in the Notice of the Seventeenth Annual General Meeting (“17th AGM”) of the Company dated 25 October 2019 were duly passed by the shareholders of the Company at the 17th AGM held today.

The voting in respect of the resolutions were carried out by way of poll and the results of the poll were validated by Messrs. LT Lim & Associates, the independent scrutineer appointed by the Company.

The details of the results of the poll are set out in the table below.

This announcement is dated 3 December 2019.

Voting Results

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

To approve the payment of Directors’ fees for an aggregate amount of up to RM810,000 payable to the Non-Executive Directors of the Company on a monthly basis from 4 December 2019 until the next Annual General Meeting of the Company to be held in year 2020.
527,941,558 99.990000 45,320 0.010000 Carried
Resolution 2 

To approve the payment of Directors’ benefits for an amount of up to RM130,000 payable to the Directors of the Company from 4 December 2019 until the next Annual General Meeting of the Company to be held in year 2020.
527,946,158 99.990000 40,720 0.010000 Carried
Resolution 3

To re-elect Dato’ Ismail Bin Osman who retires by rotation in accordance with Article 85 of the Company’s Articles of Association.
527,976,878 99.990000 10,000 0.000000 Carried
Resolution 4

To re-elect Mr. Avinderjit Singh A/L Harjit Singh who retires by rotation in accordance with Article 85 of the Company’s Articles of Association.
527,976,878 99.990000 10,000 0.000000 Carried
Resolution 5

To re-appoint Messrs. Ernst & Young as Auditors of the Company for the ensuing year and to authorise the Board of Directors to fix their remuneration.
527,976,878 99.990000 10,000 0.000000 Carried
Resolution 6 (Tier 1)
(Large Shareholders)

Retention of Mr. Mathew Thomas A/L Vargis Mathews as Independent Non-Executive Director.
386,800,000 100.000000 0 0.000000 Carried
Resolution 6 (Tier 2)
(Other Shareholders)

Retention of Mr. Mathew Thomas A/L Vargis Mathews as Independent Non-Executive Director.
140,561,772 99.990000 10,100 0.010000 Carried
Resolution 7

Authority to Issue Shares pursuant to the Companies Act 2016.
527,951,968 99.990000 34,910 0.010000 Carried
Resolution 8

Proposed renewal of and new shareholders’ mandate for recurrent related party transactions of a revenue or trading nature (Proposed Mandate I).
7,179,428 99.900000 7,450 0.100000 Carried
Resolution 9 

Proposed renewal of shareholders’ mandate for recurrent related party transactions of a revenue or trading nature (Proposed Mandate II).
7,174,828 99.830000 12,050 0.170000 Carried
Resolution 10

Proposed renewal of shareholders’ mandate for recurrent related party transactions of a revenue or trading nature (Proposed Mandate III).
527,974,828 99.990000 12,050 0.000000 Carried
Special Resolution

Proposed Adoption of New Constitution of the Company
527,974,178 99.990000 7,450 0.000000 Carried




Announcement Info

Company Name REDTONE INTERNATIONAL BERHAD
Stock Name REDTONE
Date Announced 03 Dec 2019
Category General Meeting
Reference Number GMA-29112019-00006