GENERAL MEETINGS: Outcome of Meeting
| PPB GROUP BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 12 May 2022 |
| Time | 10:00 AM |
| Venue(s) |
Broadcast Venue Sarawak Room, B2 Level Shangri-la Hotel Kuala Lumpur 11 Jalan Sultan Ismail, 50250 Kuala Lumpur Malaysia |
| Outcome of Meeting | PPB Group Berhad wishes to announce that all the resolutions set out in the notice of the 53rd Annual General Meeting ("AGM") of the Company dated 14 April 2022 were duly passed at the 53rd AGM of the Company.
All the resolutions were voted by poll and the results of the poll were validated by Asia Securities Sdn Bhd, the independent scrutineer appointed by the Company.
Please refer to the attachment for the poll results.
The announcement is dated 12 May 2022. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the payment of a final dividend of 25 sen per share in respect of the financial year ended 31 December 2021 as recommended by the Directors. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 1,078 | 35 |
| No. of Shares | 1,175,187,149 | 5,922 |
| % of Voted Shares | 99.9995 | 0.0005 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To approve Directors fees amounting to RM1,016,000/- for the financial year ended 31 December 2021. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 965 | 135 |
| No. of Shares | 1,173,283,175 | 47,281 |
| % of Voted Shares | 99.9960 | 0.0040 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To approve the payment of Directors benefits amounting to RM1,080,000/- for the period from 1 July 2022 to 30 June 2023. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 939 | 160 |
| No. of Shares | 1,172,814,143 | 496,713 |
| % of Voted Shares | 99.9577 | 0.0423 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-elect Dato' Capt Ahmad Sufian @ Qurnain bin Abdul Rashid as a Director of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 900 | 215 |
| No. of Shares | 970,020,843 | 204,924,098 |
| % of Voted Shares | 82.5588 | 17.4412 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To re-elect Madam Tam Chiew Lin as a Director of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 1,021 | 86 |
| No. of Shares | 993,716,782 | 20,761,415 |
| % of Voted Shares | 97.9535 | 2.0465 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To re-elect Tengku Nurul Azian binti Tengku Shahriman as a Director of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 994 | 123 |
| No. of Shares | 1,168,153,505 | 7,039,796 |
| % of Voted Shares | 99.4010 | 0.5990 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
To re-appoint Ernst & Young PLT as auditors of the Company and authorise the Directors to fix their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 1,056 | 55 |
| No. of Shares | 1,175,081,773 | 111,528 |
| % of Voted Shares | 99.9905 | 0.0095 |
| Result | Accepted | |
8. Ordinary Resolution 8 |
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| Description |
To approve the continuation of Dato' Captain Ahmad Sufian @ Qurnain bin Abdul Rashid as an independent director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 907 | 211 |
| No. of Shares | 956,760,043 | 218,186,558 |
| % of Voted Shares | 81.4301 | 18.5699 |
| Result | Accepted | |
9. Ordinary Resolution 9 |
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| Description |
To approve the continuation of Mr Soh Chin Teck as an independent director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 1,019 | 92 |
| No. of Shares | 980,580,242 | 194,613,059 |
| % of Voted Shares | 83.4399 | 16.5601 |
| Result | Accepted | |
10. Ordinary Resolution 10 |
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| Description |
To approve the continuation of En Ahmad Riza bin Basir as an independent director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 997 | 108 |
| No. of Shares | 993,551,626 | 20,926,470 |
| % of Voted Shares | 97.9372 | 2.0628 |
| Result | Accepted | |
11. Ordinary Resolution 11 |
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| Description |
To authorise the Directors to allot and issue shares. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 989 | 122 |
| No. of Shares | 993,516,537 | 181,676,764 |
| % of Voted Shares | 84.5407 | 15.4593 |
| Result | Accepted | |
12. Ordinary Resolution 12 |
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| Description |
Proposed shareholders mandate for recurrent related party transactions of a revenue or trading nature with persons connected with PGEO Group Sdn Bhd. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 1,039 | 72 |
| No. of Shares | 1,175,170,225 | 20,137 |
| % of Voted Shares | 99.9983 | 0.0017 |
| Result | Accepted | |
13. Ordinary Resolution 13 |
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| Description |
Proposed renewal of authority for PPB Group Berhad to purchase its own ordinary shares up to 10% of the issued shares. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 1,029 | 79 |
| No. of Shares | 1,173,152,590 | 1,974,818 |
| % of Voted Shares | 99.8319 | 0.1681 |
| Result | Accepted | |
14. Special Resolution 14 |
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| Description |
To approve the proposed amendments to the Constitution of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 1,035 | 74 |
| No. of Shares | 1,174,892,119 | 297,736 |
| % of Voted Shares | 99.9747 | 0.0253 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | PPB GROUP BERHAD |
| Stock Name | PPB |
| Date Announced | 12 May 2022 |
| Category | General Meeting |
| Reference Number | GMA-12052022-00001 |
| Corporate Action ID | MY220512MEET0001 |