GENERAL MEETINGS: Outcome of Meeting
| HIBISCUS PETROLEUM BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 14 Dec 2021 |
| Time | 09:30 AM |
| Venue(s) |
Broadcast Venue Tricor Business Centre, Gemilang Room Unit 29-01, Level 29, Tower A, Vertical Business Suite Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur Malaysia |
| Outcome of Meeting | The Board of Directors of Hibiscus Petroleum Berhad ("Hibiscus Petroleum" or "the Company") wishes to announce that the shareholders of the Company have approved all the resolutions as set out in the Notice of the 11th Annual General Meeting ("11th AGM") dated 29 October 2021 at the 11th AGM held on Tuesday, 14 December 2021.
All the resolutions put to the 11th AGM were decided by way of a poll via Remote Participation and Voting facilities. The results of the poll were validated by Deloitte Business Advisory Sdn. Bhd. (formerly known as Deloitte Risk Advisory Sdn. Bhd.), the Independent Scrutineer appointed by the Company.
Please refer to the attachment for the details of the poll results.
This announcement is dated 14 December 2021. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the payment of a final single-tier dividend of 1.0 sen per ordinary share in respect of the financial year ended 30 June 2021. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 429 | 27 |
| No. of Shares | 686,476,555 | 12,830 |
| % of Voted Shares | 99.9981 | 0.0019 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To approve the payment of Non-Executive Directors (NEDs)' fees amounting to RM180,000 per annum to the Chair of the Board and RM110,000 per annum to each NED (save for the Chair of the Board) for the period from 15 December 2021 until the date of the next AGM in year 2022, to be paid quarterly in arrears. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 386 | 65 |
| No. of Shares | 681,518,355 | 176,630 |
| % of Voted Shares | 99.9741 | 0.0259 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To approve the payment of NEDs' meeting allowances for the period from 15 December 2021 until the date of the next AGM in year 2022 at the following rate (as applicable), to be paid quarterly in arrears: - RM4,500 for each meeting of the Board and of the Board Committees that a NED attends as Chair of the meeting; or - RM3,500 for each meeting of the Board and of the Board Committees that a NED attends as a member of the Committee. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 375 | 77 |
| No. of Shares | 685,119,887 | 652,498 |
| % of Voted Shares | 99.9049 | 0.0951 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To approve payments for additional attendances and time expended by any NED for the Company's purposes (or on behalf of the Company) at meetings and/or third party events involving external parties, in the NED's capacity as a Director of the Company, for the period from 15 December 2021 until the date of the next AGM in year 2022, at the rate of RM3,500 per meeting or event, to be paid quarterly in arrears. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 371 | 81 |
| No. of Shares | 684,584,587 | 1,187,798 |
| % of Voted Shares | 99.8268 | 0.1732 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To re-elect Encik Zainul Rahim bin Mohd Zain who is retiring pursuant to Clause 134 of the Constitution of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 323 | 127 |
| No. of Shares | 484,053,991 | 201,964,794 |
| % of Voted Shares | 70.5599 | 29.4401 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To re-appoint Messrs PricewaterhouseCoopers PLT as Auditors of the Company for the financial year ending 30 June 2022 and to authorise the Directors to fix their remuneration. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 331 | 120 |
| No. of Shares | 478,142,891 | 200,537,294 |
| % of Voted Shares | 70.4519 | 29.5481 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
Authority for the Directors to allot and issue shares pursuant to Sections 75 and 76 of the Companies Act 2016. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 387 | 65 |
| No. of Shares | 663,702,575 | 15,380,710 |
| % of Voted Shares | 97.7351 | 2.2649 |
| Result | Accepted | |
8. Ordinary Resolution 8 |
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| Description |
Retention of YBhg Dato' Sri Roushan Arumugam as Independent Director. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 390 | 60 |
| No. of Shares | 666,005,975 | 19,632,210 |
| % of Voted Shares | 97.1367 | 2.8633 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | HIBISCUS PETROLEUM BERHAD |
| Stock Name | HIBISCS |
| Date Announced | 14 Dec 2021 |
| Category | General Meeting |
| Reference Number | GMA-09122021-00004 |
| Corporate Action ID | MY211209MEET0004 |