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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.