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SAB

3.720

(%)

GENERAL MEETINGS: Outcome of Meeting

SOUTHERN ACIDS (M) BERHAD

Type of Meeting Annual General Meeting
Indicator Outcome of Meeting
Date of Meeting 30 Aug 2019
Time 11:00 AM
Venue
Function Room 1, Setia City Convention Centre, No 1 Jalan Setia Dagang AG U13/AG, Setia Alam, Seksyen U13, 40170 Shah Alam, Selangor
Outcome of Meeting

The Board of Directors of Southern Acids (M) Berhad ("SAB" or "the Company") wishes to announce that all the resolutions as set out in the Notice of Thirty-Eighth Annual General Meeting ("38th AGM") dated 31 July 2019 were duly passed by the shareholders of SAB at the 38th AGM held today, 30 August 2019.

All the resolutions were voted by poll and the results of the poll were validated by Messrs Tricor Investor & Issuing House Services Sdn Bhd, the Independent Scrutineer appointed by the Company.

The details of the polling results are set out below.

This announcement is dated 30 August 2019. 

Voting Results

Resolution Vote in favour Vote Against Results
No. of Shares % No. of Shares %
Ordinary Resolution 1 : To approve the payment of Single Tier Final Dividend of 5 sen per ordinary share in respect of the financial year ended 31 March 2019
94,311,489 99.995000 4,616 0.005000 Carried
Ordinary Resolution 2 : To approve the payment of Directors' fees amounting to RM555,500 for the financial year ended 31 March 2019
94,295,957 99.979000 20,148 0.021000 Carried
Ordinary Resolution 3: To approve the payment of Directors’ benefits of RM125,000 for the period from 31 August 2019 until the next AGM of the Company to be held in 2020.
94,295,957 99.979000 20,148 0.021000 Carried
Ordinary Resolution 4 : To re-elect Tan Sri Datuk Seri Panglima Sulong Matjeraie as Director of the Company in accordance with Articles 95 and 96 of the Company's Constitution.
94,311,489 99.995000 4,616 0.005000 Carried
Ordinary Resolution 5 : To re-elect Mr. Teo Leng as Director of the Company in accordance with Articles 95 and 96 of the Company's Constitution.
94,296,489 99.979000 19,616 0.021000 Carried
Ordinary Resolution 6 :To re-appoint Deloitte PLT as Auditors to hold office until the conclusion of the next AGM at a remuneration to be fixed by the Directors.
94,311,489 99.995000 4,616 0.005000 Carried
Ordinary Resoution 7 : To retain Madam Leong So Seh as an Independent Non-Executive Director.
76,447,857 81.055000 17,868,248 18.945000 Carried
Ordinary Resolution 8 : To approve the Authority to issue Shares pursuant to Sections 75 and 76 of the Companies Act, 2016.
76,463,389 99.994000 4,616 0.006000 Carried
Ordinary Resolution 9 : To approve the Renewal of Shareholders’ Mandate for
Existing Recurrent Related Party Transactions of a Revenue or Trading Nature.
25,374,357 99.982000 4,616 0.018000 Carried
Ordinary Resolution 10 : To approve the proposed New Shareholders’ Mandate for Additional Recurrent Related Party Transactions of a Revenue or Trading Nature.
94,311,489 99.995000 4,616 0.005000 Carried




Announcement Info

Company Name SOUTHERN ACIDS (M) BERHAD
Stock Name SAB
Date Announced 30 Aug 2019
Category General Meeting
Reference Number GMA-30082019-00004