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The Board of Directors of Sungei Bagan Rubber Company (Malaya) Berhad ("the Company") is pleased to announce that all the resolutions set out in the notice of the Sixty-Second Annual General Meeting ("62nd AGM") dated 30 October 2020 were duly passed at the 62nd AGM held at Broadcast Venue of DoubleTree by Hilton Johor Bahru, 12 Jalan Ngee Heng, 80000 Johor Bahru, Johor, Malaysia on 10 December 2020.
All resolutions tabled at the 62nd AGM were voted by poll and results of the poll were validated by the appointed Independent Scrutineer, M/s Boardroom Business Solutions Sdn. Bhd. Please refer to the attachment for the poll results validated by the scrutineer.
Result of Ordinary Resolution 6 as follows:
Voted
No. of Shareholders
No. of Shares
% of Voted Shares
Tier 1 (Large Holders)
For
2
38,949,833
100.0000
Against
0
0
0.0000
Tier 2 (Other Holders)
For
14
51,249
44.1642
Against
5
64,793
55.8358
Voting Results
1. Ordinary Resolution 1
Description
To declare and approve the payment of Single Tier First and Final Dividend of 2 sen per ordinary share for the financial year ended 30 June 2020.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
21
0
No. of Shares
39,065,875
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
2. Ordinary Resolution 2
Description
To approve the payment of aggregate Directors' fees and other benefits not exceeding RM500,000 for the financial year ending 30 June 2021, to be paid on quarterly basis in arrears.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
14
6
No. of Shares
38,992,223
70,330
% of Voted Shares
99.8200
0.1800
Result
Accepted
3. Ordinary Resolution 3
Description
To re-elect Mr Lee Soo Hoon as a Director who retires by rotation in accordance with the Company's Constitution.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
16
5
No. of Shares
39,001,082
64,793
% of Voted Shares
99.8341
0.1659
Result
Accepted
4. Ordinary Resolution 4
Description
To re-elect Mr Tay Beng Chai as a Director who retires by rotation in accordance with the Company's Constitution.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
19
2
No. of Shares
39,058,182
7,693
% of Voted Shares
99.9803
0.0197
Result
Accepted
5. Ordinary Resolution 5
Description
To re-appoint Messrs Ernst & Young PLT as Auditors of the Company for the financial year ending 30 June 2021 and to authorise the Directors to fix their remuneration.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
19
2
No. of Shares
39,058,182
7,693
% of Voted Shares
99.9803
0.0197
Result
Accepted
6. Ordinary Resolution 6
Description
Continuing in Office as Independent Non-Executive Chairman, Mr Lee Soo Hoon.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
16
5
No. of Shares
39,001,082
64,793
% of Voted Shares
99.8341
0.1659
Result
Rejected
7. Ordinary Resolution 7
Description
Authority to Allot and Issue Shares by Directors pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
15
6
No. of Shares
38,995,545
70,330
% of Voted Shares
99.8200
0.1800
Result
Accepted
8. Ordinary Resolution 8
Description
Proposed Renewal of Shareholders' Mandate for Share Buy-Back Authority.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
20
1
No. of Shares
39,065,775
100
% of Voted Shares
99.9997
0.0003
Result
Accepted
9. Ordinary Resolution 9
Description
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading in Nature Entered with The Nyalas Rubber Estates Limited.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
12
5
No. of Shares
12,489
64,793
% of Voted Shares
16.1603
83.8397
Result
Rejected
10. Ordinary Resolution 10
Description
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading in Nature Entered with Kuala Pergau Rubber Plantations PLC.