GENERAL MEETINGS: Outcome of Meeting
| PETRON MALAYSIA REFINING & MARKETING BHD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 18 Jun 2020 |
| Time | 02:00 PM |
| Venue(s) |
PETRON TRAINING ROOM Level 13, Menara MBSB, Jalan Dungun, Damansara Heights, 50490 Kuala Lumpur, Wilayah Persekutuan. Malaysia |
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| Outcome of Meeting | Petron Malaysia Refining & Marketing Bhd ("the Company") is pleased to announce that all the ordinary resolutions as set out in the Notice of 61st Annual General Meeting of the Company ("AGM") dated 30 April 2020 were duly passed at the AGM held on 18 June 2020.
The Audited Financial Statements for the financial year ended 31 December 2019 and the Reports of the Directors and Auditors thereon were received and duly tabled at the AGM under Agenda 1.
Resolutions 1, 2, 3, 4, 5, 6 and 7 were voted on a poll via Remote Participation and Voting (RPV) at https://tiihonline at the AGM in accordance with Paragraph 8.29A of Bursa Malaysia Securities Berhad Main Market Lisitng Requirements. The AGM was conducted fully virtual at the Broadcast Venue.
Details of the poll result for Ordinary Resolution 5 is as follows:
The detailed poll results were verified by the Scrutineers, Coopers Professional Scrutineers Sdn Bhd (1193583-M) as per attachment and as set out below.
This announcement is dated 18 June 2020.
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Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the declaration of final dividend of 12 sen per ordinary share for the year ended 31 December 2019. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 156 | 7 |
| No. of Shares | 208,549,436 | 430,603 |
| % of Voted Shares | 99.7940 | 0.2060 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To re-elect Mr. Fong Seow Kee retiring in accordance to Articles 103 and 104 of the Company's Constitution. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 150 | 12 |
| No. of Shares | 208,904,637 | 75,302 |
| % of Voted Shares | 99.9640 | 0.0360 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To re-elect Mr. Antonio M. Cailao retiring in accordance to Articles 103 and 104 of the Company's Constitution. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 148 | 14 |
| No. of Shares | 208,904,437 | 75,502 |
| % of Voted Shares | 99.9640 | 0.0360 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To elect Y. Bhg. Dato' Noorizah Binti Hj Abd Hamid pursuant to Article 109 of the Company's Constitution. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 147 | 14 |
| No. of Shares | 208,973,535 | 3,404 |
| % of Voted Shares | 99.9980 | 0.0020 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To appoint Y. Bhg. Dato Zainal Abidin Putih, who has served for more than twelve (12) years, as an Independent Director in compliance with Article 101(d) of the Company's Constitution and Practice 4.2 of the Malaysian Code on Corporate Governance 2017. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 135 | 25 |
| No. of Shares | 9,630,343 | 1,167,533 |
| % of Voted Shares | 89.1870 | 10.8130 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To approve the payment of Directors' fees and benefits payable to the Independent Directors with effect from 1 January 2020 until the next Annual General Meeting of the Company. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 139 | 20 |
| No. of Shares | 208,922,834 | 53,005 |
| % of Voted Shares | 99.9750 | 0.0250 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
To appoint Messrs. KPMG PLT as Auditors of the Company and to authorise the Directors to determine their remuneration. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 153 | 9 |
| No. of Shares | 208,975,535 | 4,404 |
| % of Voted Shares | 99.9980 | 0.0020 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | PETRON MALAYSIA REFINING & MARKETING BHD |
| Stock Name | PETRONM |
| Date Announced | 18 Jun 2020 |
| Category | General Meeting |
| Reference Number | GMA-15062020-00014 |
| Corporate Action ID | MY200615MEET0011 |