FAVCO

2.170

-0.01 (-0.5%)

GENERAL MEETINGS: Outcome of Meeting

FAVELLE FAVCO BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 10 Sep 2020
Time 10:30 AM

Venue(s)
Broadcast Venue

Favelle Favco Berhad, Lekas Meeting Room,

Lot 586, 2nd Mile, Jalan Batu Tiga Lama,

41300 Klang, Selangor Darul Ehsan.

Malaysia

Outcome of Meeting

On behalf of the Board of Directors of Favelle Favco Berhad ("FFB"), we are pleased to announce that at the Twenty-Eighth Annual General Meeting ("28th AGM") of FFB held on 10 September 2020, the shareholders of FFB had approved all the resolutions referred to in the Notice of 28th AGM dated 13 August 2020. 

All the resolutions were determined by way of poll and the results of the poll were validated by Cygnus IT Solutions PLT, the Independent Scrutineer appointed by the Company.

This announcement is dated 10 September 2020.


Voting Results


1. Ordinary Resolution 1

Description
To approve the declaration of a first and final tax exempt dividend of 15.0 sen per ordinary share.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 146 0
No. of Shares 168,145,306 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description
To re-elect Dato' Sri Khazali Bin Haji Ahmad as Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 134 11
No. of Shares 168,108,332 36,474
% of Voted Shares 99.9783 0.0217
Result Accepted

3. Ordinary Resolution 3

Description
To re-elect Mr. Mac Chung Hui as Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 137 6
No. of Shares 165,501,182 1,624
% of Voted Shares 99.9990 0.0010
Result Accepted

4. Ordinary Resolution 4

Description
To re-elect Ms. Lee Poh Kwee as Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 134 9
No. of Shares 166,395,732 34,074
% of Voted Shares 99.9795 0.0205
Result Accepted

5. Ordinary Resolution 5

Description
To approve the payment of Directors' Fees and benefits payable of RM1,000,000.00 from 11 September 2020 until the next Annual General Meeting.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 128 17
No. of Shares 168,129,106 15,200
% of Voted Shares 99.9910 0.0090
Result Accepted

6. Ordinary Resolution 6

Description
To re-appoint Messrs Crowe Malaysia PLT as the Company's Auditors and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 141 4
No. of Shares 168,129,906 14,400
% of Voted Shares 99.9914 0.0086
Result Accepted

7. Ordinary Resolution 7 (First Tier)

Description
To retain Tan Sri A. Razak Bin Ramli as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1 0
No. of Shares 131,241,043 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Ordinary Resolution 7 (Second Tier)

Description
To retain Tan Sri A. Razak Bin Ramli as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 126 16
No. of Shares 34,746,389 1,854,874
% of Voted Shares 94.9322 5.0678
Result Accepted

9. Ordinary Resolution 8 (First Tier)

Description
To retain Tan Sri Dato' Seri Ahmad Ramli Bin Haji Mohd Nor as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1 0
No. of Shares 131,241,043 0
% of Voted Shares 100.0000 0.0000
Result Accepted

10. Ordinary Resolution 8 (Second Tier)

Description
To retain Tan Sri Dato' Seri Ahmad Ramli Bin Haji Mohd Nor as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 127 16
No. of Shares 34,748,389 1,854,874
% of Voted Shares 94.9325 5.0675
Result Accepted

11. Ordinary Resolution 9

Description
To approve the Proposed Renewal of Authority for Share Buy-Back.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 139 6
No. of Shares 168,142,406 2,700
% of Voted Shares 99.9984 0.0016
Result Accepted

12. Ordinary Resolution 10

Description
To approve the Proposed Renewal of the Existing Shareholders' Mandate and Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 123 10
No. of Shares 20,725,650 10,100
% of Voted Shares 99.9513 0.0487
Result Accepted






Announcement Info

Company Name FAVELLE FAVCO BERHAD
Stock Name FAVCO
Date Announced 10 Sep 2020
Category General Meeting
Reference Number GMA-09092020-00007
Corporate Action ID MY200909MEET0007