GENERAL MEETINGS: Outcome of Meeting
| LBS BINA GROUP BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 27 Jul 2020 |
| Time | 10:00 AM |
| Venue(s) |
Ballrooom III, Main Wing, Jalan Kelab Tropicana Tropicana Golf & Country Resort 47100 Petaling Jaya Selangor Darul Ehsan Malaysia |
| Outcome of Meeting | The Board of Directors of LBS Bina Group Berhad (“Company” or “LBGB”) wishes to announce that the shareholders of the Company have approved all the resolutions as set out in the Notice of Twentieth Annual General Meeting dated 11 June 2020 held at Ballroom lII, Main Wing, Jalan Kelab Tropicana, Tropicana Golf & Country Resort, 47410 Petaling Jaya, Selangor Darul Ehsan on Monday, 27 July 2020 at 10.00 a.m. All the resolutions were voted by poll and the results of the poll were validated by Asia Securities Sdn Berhad, the Independent Scrutineer appointed by the Company. Details of the said results are set out below. In connection thereto, the First and Final Single Tier Dividend in respect of the financial year ended 31 December 2019 comprising Treasury Shares distribution in the ratio of 3 Treasury Shares for every 100 existing Ordinary Shares held, fractions of Treasury Shares to be disregarded, will be credited on 14 August 2020 to depositors registered in the Record of Depositors on 30 July 2020. This announcement is dated 27 July 2020. |
Voting Results |
||
1. Resolution 1 |
||
| Description |
To approve the payment of a First and Final Single Tier Dividend in respect of the financial year ended 31 December 2019 comprising Treasury Shares distribution in the ratio of 3 Treasury Shares for every 100 existing Ordinary Shares held, fractions of Treasury Shares will be disregarded. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 103 | 2 |
| No. of Shares | 881,212,819 | 9,500 |
| % of Voted Shares | 99.9989 | 0.0011 |
| Result | Accepted | |
2. Resolution 2 |
||
| Description |
To approve the payment of Directors Fees of RM166,950 for the financial year ended 31 December 2019. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 100 | 3 |
| No. of Shares | 880,660,019 | 38,700 |
| % of Voted Shares | 99.9956 | 0.0044 |
| Result | Accepted | |
3. Resolution 3 |
||
| Description |
To approve the payment of Directors Fees, allowances and benefits-in-kind to the Directors of the Company up to an amount of RM2.6 million, for the period from the conclusion of 20th Annual General Meeting to the next Annual General Meeting in 2021. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 73 | 6 |
| No. of Shares | 279,736,937 | 129,190 |
| % of Voted Shares | 99.9538 | 0.0462 |
| Result | Accepted | |
4. Resolution 4 |
||
| Description |
To re-elect the Director, Dato Seri Lim Bock Seng who retires in accordance with Clause 100 of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 102 | 3 |
| No. of Shares | 879,317,599 | 1,904,720 |
| % of Voted Shares | 99.7839 | 0.2161 |
| Result | Accepted | |
5. Resolution 5 |
||
| Description |
To re-elect the Director, Dato Chia Lok Yuen who retires in accordance with Clause 100 of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 86 | 19 |
| No. of Shares | 858,795,761 | 22,426,558 |
| % of Voted Shares | 97.4551 | 2.5449 |
| Result | Accepted | |
6. Resolution 6 |
||
| Description |
To re-elect the Director, Datuk Dr. Haji Baharum Bin Haji Mohamed who retires in accordance with Clause 100 of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 103 | 2 |
| No. of Shares | 881,131,939 | 90,380 |
| % of Voted Shares | 99.9897 | 0.0103 |
| Result | Accepted | |
7. Resolution 7 |
||
| Description |
To re-appoint Messrs. UHY as Auditors and to authorise the Directors to fix their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 104 | 1 |
| No. of Shares | 881,220,819 | 1,500 |
| % of Voted Shares | 99.9998 | 0.0002 |
| Result | Accepted | |
8. Resolution 8 |
||
| Description |
Authority to issue shares pursuant to Sections 75 & 76 of the Companies Act, 2016. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 101 | 4 |
| No. of Shares | 874,919,509 | 6,302,810 |
| % of Voted Shares | 99.2848 | 0.7152 |
| Result | Accepted | |
9. Resolution 9 |
||
| Description |
Proposed shareholders' mandate for recurrent related party transactions of a revenue or trading nature. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 60 | 2 |
| No. of Shares | 42,586,772 | 1,610 |
| % of Voted Shares | 99.9962 | 0.0038 |
| Result | Accepted | |
10. Resolution 10 |
||
| Description |
Proposed renewal of Share Buy-Back authority |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 104 | 1 |
| No. of Shares | 874,935,319 | 6,287,000 |
| % of Voted Shares | 99.2866 | 0.7134 |
| Result | Accepted | |
Announcement Info
| Company Name | LBS BINA GROUP BERHAD |
| Stock Name | LBS |
| Date Announced | 27 Jul 2020 |
| Category | General Meeting |
| Reference Number | GMA-23072020-00022 |
| Corporate Action ID | MY200723MEET0022 |