GENERAL MEETINGS: Outcome of Meeting
Amended Announcements
Please refer to the earlier announcement reference number: GMA-10122020-00015
SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD |
Type of Meeting | General |
Indicator | Outcome of Meeting |
Date of Meeting | 10 Dec 2020 |
Time | 10:30 AM |
Venue(s) |
Broadcast Venue: DoubleTree by Hilton Johor Bahru, 12 Jalan Ngee Heng, 80000 Johor Bahru, Johor Darul Takzim Malaysia |
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Outcome of Meeting | 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:
The Ordinary Resolution 10 has been "Accepted" instead of "Rejected" as stated in the announcement dated 10 December 2020. Other information in the previous announcement dated 10 December 2020 remains the same. |
Voting Results |
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1. Ordinary Resolution 1 |
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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. |
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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 |
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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. |
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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 |
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Description |
To re-elect Mr Lee Soo Hoon as a Director who retires by rotation in accordance with the Company's Constitution. |
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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 |
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Description |
To re-elect Mr Tay Beng Chai as a Director who retires by rotation in accordance with the Company's Constitution. |
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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 |
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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. |
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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 |
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Description |
Continuing in Office as Independent Non-Executive Chairman, Mr Lee Soo Hoon. |
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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 |
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Description |
Authority to Allot and Issue Shares by Directors pursuant to Sections 75 and 76 of the Companies Act 2016. |
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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 |
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Description |
Proposed Renewal of Shareholders' Mandate for Share Buy-Back Authority. |
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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 |
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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. |
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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 |
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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. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 15 | 2 |
No. of Shares | 69,589 | 7,693 |
% of Voted Shares | 90.0455 | 9.9545 |
Result | Accepted | |
Please refer attachment below.
Announcement Info
Company Name | SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD |
Stock Name | SBAGAN |
Date Announced | 11 Dec 2020 |
Category | General Meeting |
Reference Number | GMA-11122020-00003 |
Corporate Action ID | MY201210MEET0012 |