GENERAL MEETINGS: Outcome of Meeting
| SOUTHERN ACIDS (M) BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 30 Aug 2022 |
| Time | 11:00 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 |
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| Outcome of Meeting | The Board of Directors of Southern Acids (M) Berhad ("SAB" or "the Company") wishes to announce that all the resolutions as set out in the Notice of Forty-First Annual General Meeting ("41st AGM") dated 29 July 2022 were duly passed by the shareholders of SAB at the 41st AGM held today, 30 August 2022.
The results of the poll of the SAB 41st AGM is attached herewith. |
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Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the payment of Single Tier Final Dividend of 5 sen per ordinary share in respect of the financial year ended 31 March 2022 |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 116 | 18 |
| No. of Shares | 92,722,489 | 27,266 |
| % of Voted Shares | 99.9706 | 0.0294 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To approve the payment of Directors' fees amounting to RM540,000 for the financial year ended 31 March 2022 |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 98 | 36 |
| No. of Shares | 92,713,004 | 36,751 |
| % of Voted Shares | 99.9604 | 0.0396 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To approve the payment of Directors benefits up to an amount of RM125,000 for the period from 31 August 2022 until the next AGM of the Company to be held in 2023. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 98 | 36 |
| No. of Shares | 92,713,604 | 36,151 |
| % of Voted Shares | 99.9610 | 0.0390 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-elect Tan Sri Datuk Seri Panglima Sulong Matjeraie as Director of the Company in accordance with Clause 113 of the Company's Constitution |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 112 | 22 |
| No. of Shares | 92,722,444 | 27,311 |
| % of Voted Shares | 99.9706 | 0.0294 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To re-elect Mr Lim Kim Long as Director of the Company in accordance with Clause 113 of the Company's Constitution |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 112 | 22 |
| No. of Shares | 92,722,444 | 27,311 |
| % of Voted Shares | 99.9706 | 0.0294 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To re-appoint Deloitte PLT as Auditors to hold office until the conclusion of the next AGM at a remuneration to be fixed by the Directors |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 114 | 20 |
| No. of Shares | 92,722,446 | 27,309 |
| % of Voted Shares | 99.9706 | 0.0294 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
To retain Madam Leong So Seh as an Independent Non-Executive Director |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 2 | 0 |
| No. of Shares | 44,942,902 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
8. Ordinary Resolution 8 |
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| Description |
To retain Mr Chung Kin Mun as an Independent Non-Executive Director |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 110 | 24 |
| No. of Shares | 77,238,744 | 15,511,011 |
| % of Voted Shares | 83.2765 | 16.7235 |
| Result | Accepted | |
9. Ordinary Resolution 9 |
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| Description |
To approve the Authority to issue Shares 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 | 108 | 26 |
| No. of Shares | 77,236,144 | 15,513,611 |
| % of Voted Shares | 83.2737 | 16.7263 |
| Result | Accepted | |
10. Ordinary Resolution 10 |
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| Description |
To approve Proposed Renewal of Shareholders Mandate for Existing Recurrent Related Party Transactions of a Revenue or Trading Nature |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 94 | 23 |
| No. of Shares | 24,083,335 | 29,900 |
| % of Voted Shares | 99.8760 | 0.1240 |
| Result | Accepted | |
11. Ordinary Resolution 11 |
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| Description |
To approve Proposed New Shareholders Mandate for Additional Recurrent Related Party Transactions of a Revenue or Trading Nature |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 101 | 23 |
| No. of Shares | 27,371,032 | 29,886 |
| % of Voted Shares | 99.8909 | 0.1091 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | SOUTHERN ACIDS (M) BERHAD |
| Stock Name | SAB |
| Date Announced | 30 Aug 2022 |
| Category | General Meeting |
| Reference Number | GMA-30082022-00008 |
| Corporate Action ID | MY220830MEET0008 |