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The Board of Directors of IBRACO BERHAD are pleased to announce that all resolutions as set out in the Notice of the Forty-Eighth Annual General Meeting (“AGM”) dated 29 June, 2020 were duly passed by way of poll at the AGM held on Friday, 21 August, 2020.
The results were validated by Commercial Quest Sdn. Bhd. (Company No.: 311007-M), the Independent Scrutineer appointed by the Company.
This announcement is dated 21 August, 2020.
Voting Results
1. RESOLUTION 1
Description
To approve the payment of Directors fees of up to RM1,000,000 and benefits payable to the Directors up to an aggregate amount of RM60,000 from 1 January 2020 until the next AGM of the Company.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
19
0
No. of Shares
164,696,792
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
2. RESOLUTION 2
Description
To re-elect YBhg. Datuk Chew Chiaw Han who is retiring by rotation in accordance with Article 93 of the Company's Constitution.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
19
0
No. of Shares
164,696,792
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
3. RESOLUTION 3
Description
To re-elect Puan Sharifah Deborah Sophia Ibrahim who is retiring by rotation in accordance with Article 93 of the Company's Constitution.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
19
0
No. of Shares
164,696,792
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
4. RESOLUTION 4
Description
To re-elect Mr. Ng Kee Tiong who is retiring by rotation in accordance with Article 93 of the Company's Constitution.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
19
0
No. of Shares
164,696,792
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
5. RESOLUTION 5
Description
To re-appoint Messrs. Ernst & Young PLT as the Auditors of the Company until the conclusion of the next AGM and to authorise the Directors to determine their remuneration.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
19
0
No. of Shares
164,696,792
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
6. RESOLUTION 6
Description
That YBhg. Datuk (Dr) Philip Ting Ding Ing who have served as Independent Non-Executive Director of the Company for a cumulative term of more than nine years, be hereby retained as an independent Non-Executive Director of the Company.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
19
0
No. of Shares
164,696,792
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
7. RESOLUTION 7
Description
That Mr. Guido Paul Philip Joseph Ravelli who have served as Independent Non-Executive Director of the Company for a cumulative term of more than nine years, be hereby retained as an independent Non-Executive Director of the Company.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
19
0
No. of Shares
164,696,792
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
8. RESOLUTION 8
Description
That subject to the passing of Resolution 4, That Mr. Ng Kee Tiong who have served as Independent Non-Executive Director of the Company for a cumulative term of more than nine years, be hereby retained as an independent Non-Executive Director of the Company.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
19
0
No. of Shares
164,696,792
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
9. RESOLUTION 9
Description
Authority to Allot and Issue Shares Pursuant to Sections 75 & 76 of the Companies Act 2016.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
19
0
No. of Shares
164,696,792
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
10. RESOLUTION 10
Description
Proposed Shareholders Mandate for Recurrent Related Party Transactions of A Revenue or Trading Nature Involving Ibraco Berhad and Its Subsidiaries (Ibraco Group) and Directors and Major Shareholders of Ibraco Berhad and Persons Connected With Them.