KKB

1.750

-0.01 (-0.6%)

GENERAL MEETINGS: Outcome of Meeting

KKB ENGINEERING BERHAD

Type of Meeting	General
Indicator	Outcome of Meeting
Date of Meeting	24 May 2022
Time	10:00 AM

Venue(s)

Riverside Majestic Hotel Astana Wing

Jalan Tunku Abdul Rahman

93100 Kuching

Sarawak

Malaysia

Outcome of Meeting

The Board of Directors of KKB Engineering Berhad (“KKB” or the “Company”) is pleased to announce that all ordinary resolutions as set out in the Notice of the 46th Annual General Meeting ("46th AGM") of the Company dated 13 April 2022 were duly passed by the shareholders of the Company at the 46th AGM held today.

All resolutions were voted by poll and the results of the poll were validated by Commercial Quest Sdn Bhd, the independent scrutineer appointed by KKB.

The details of the poll results for Ordinary Resolution 8, 9 and 10 are as follows:

Ordinary Resolutions	Tier	Shareholders Action	Voted				Results
			Voted	No. of Shareholders	No. of Shares	% of Voted Shares
8. To retain Dr Arjunan Subramaniam as an Independent Non-Executive Director	Tier 1	For voting	For	7	119,033,180	100	Accepted
			Against	0	0	0
	Tier 2	For voting	For	23	99,113,380	99.999999	Accepted
			Against	1	100	0.000001
9. To retain Mr Lau Nai Pek as an Independent Non-Executive Director	Tier 1	For voting	For	7	119,033,180	100	Accepted
			Against	0	0	0
	Tier 2	For voting	For	23	99,113,380	99.999999	Accepted
			Against	1	100	0.000001
10. To retain Datin Mary Sa'diah binti Zainuddin as an Independent Non-Executive Director	Tier 1	For voting	For	7	119,033,180	100	Accepted
			Against	0	0	0
	Tier 2	For voting	For	23	99,113,380	99.999999	Accepted
			Against	1	100	0.000001

Voting Results

1. Ordinary Resolution 1
Description	To approve the payment of a First and Final Single Tier Dividend of five (5) sen per ordinary 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	31	0
No. of Shares	218,146,660	0
% of Voted Shares	100.0000	0.0000
Result	Accepted

2. Ordinary Resolution 2
Description	To approve the payment of Directors' fees amounting to RM333,900 for the financial year ending 31 December 2022 (FYE 2021: RM333,900).
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	30	0
No. of Shares	218,082,340	0
% of Voted Shares	100.0000	0.0000
Result	Accepted

3. Ordinary Resolution 3
Description	To approve the payment of Directors' meeting allowances up to RM76,000 for the financial year ending 31 December 2022 (FYE 2021: RM74,500).
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	30	0
No. of Shares	218,082,340	0
% of Voted Shares	100.0000	0.0000
Result	Accepted

4. Ordinary Resolution 4
Description	To re-elect Dato Sri Kho Kak Beng as a Director of the Company who retires pursuant to Clause 22.2 of the Company's Constitution.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	30	0
No. of Shares	213,087,880	0
% of Voted Shares	100.0000	0.0000
Result	Accepted

5. Ordinary Resolution 5
Description	To re-elect Dr Arjunan Subramaniam as a Director of the Company who retires pursuant to Clause 22.2 of the Company's Constitution.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	30	1
No. of Shares	218,146,560	100
% of Voted Shares	99.9999	0.0001
Result	Accepted

6. Ordinary Resolution 6
Description	To re-elect Datin Mary Sa'diah binti Zainuddin as a Director of the Company who retires pursuant to Clause 22.2 of the Company's Constitution.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	30	1
No. of Shares	218,146,560	100
% of Voted Shares	99.9999	0.0001
Result	Accepted

7. Ordinary Resolution 7
Description	To re-appoint Messrs Ernst & Young PLT as auditors of the Company until the conclusion of the next annual general meeting and to authorize the Board of Directors to fix their remuneration.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	31	0
No. of Shares	218,146,660	0
% of Voted Shares	100.0000	0.0000
Result	Accepted

8. Ordinary Resolution 8
Description	To retain Dr Arjunan Subramaniam, who has served as an Independent Non-Executive Director of the Company for more than nine (9) years, to continue in office as an Independent Non-Executive Director of the Company.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	30	1
No. of Shares	218,146,560	100
% of Voted Shares	99.9999	0.0001
Result	Accepted

9. Ordinary Resolution 9
Description	To retain Mr Lau Nai Pek, who has served as an Independent Non-Executive Director of the Company for more than nine (9) years, to continue in office as an Independent Non-Executive Director of the Company.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	30	1
No. of Shares	218,146,560	100
% of Voted Shares	99.9999	0.0001
Result	Accepted

10. Ordinary Resolution 10
Description	To retain Datin Mary Sa'diah binti Zainuddin, who has served as an Independent Non-Executive Director of the Company for more than nine (9) years, to continue in office as an Independent Non-Executive Director of the Company.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	30	1
No. of Shares	218,146,560	100
% of Voted Shares	99.9999	0.0001
Result	Accepted

11. Ordinary Resolution 11
Description	To empower the Directors to issue shares pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	31	0
No. of Shares	218,146,660	0
% of Voted Shares	100.0000	0.0000
Result	Accepted

12. Ordinary Resolution 12
Description	To approve the proposed renewal of and new Shareholder Mandate for recurrent related party transactions of a revenue or trading nature.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	30	0
No. of Shares	166,466,660	0
% of Voted Shares	100.0000	0.0000
Result	Accepted

Announcement Info

Company Name	KKB ENGINEERING BERHAD
Stock Name	KKB
Date Announced	24 May 2022
Category	General Meeting
Reference Number	GMA-24052022-00004
Corporate Action ID	MY220524MEET0004