GENERAL MEETINGS: Outcome of Meeting
BORNEO OIL BERHAD |
Type of Meeting | General |
Indicator | Outcome of Meeting |
Date of Meeting | 12 Dec 2022 |
Time | 08:30 AM |
Venue(s) |
2nd Floor, Victoria Point, Jalan OKK Awang Besar, 87007 , W.P. Labuan Malaysia |
||||||||||||||||||||||||||||||||||||||||||||||||
Outcome of Meeting | The Board of Directors of Borneo Oil Berhad ("BOB" or "the Company") is pleased to announce that all the twelve (12) resolutions as prescribed in the Notice of the Annual General Meeting ("AGM") of the Company dated 31 October 2022 was duly passed and approved by the shareholders of the Company by way of poll voting at the 38th AGM of the Company held on 12th December 2022.
Details of the poll results for Resolutions 9 and 10 are as follows:-
The results of the poll were validated by Leou Associates PLT, the independent scrutineer appointed by the Company.
Please refer to the attachment for the details of the poll results.
This announcement is dated 12th December 2022. |
Voting Results |
||
1. 1 |
||
Description |
To re-elect Datuk Joseph Lee Yok Min @ Ambrose as the Managing Director. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 31 | 0 |
No. of Shares | 2,870,890,400 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
2. 2 |
||
Description |
To re-elect Mr. Michael Moo Kai Wah as a Director. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 30 | 1 |
No. of Shares | 2,870,890,300 | 100 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
3. 3 |
||
Description |
To re-elect Susie Chung Kim Lan as a Director. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 31 | 0 |
No. of Shares | 2,870,890,400 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
4. 4 |
||
Description |
To re-elect Sri Ganesh A/L K Balasubramaniam as a Director. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 31 | 0 |
No. of Shares | 2,870,890,400 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
5. 5 |
||
Description |
To re-elect Georgia Suzanne Lingam @ Georgianne as a Director. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 31 | 0 |
No. of Shares | 2,870,890,400 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
6. 6 |
||
Description |
To approve the payment of Directors' fees amounting to RM386,960 to Non-Executive Directors for the financial year ended 30 June 2022. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 31 | 0 |
No. of Shares | 2,870,890,400 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
7. 7 |
||
Description |
To approve the Directors' fees and benefits of up to an amount of RM2,057,827.00 payable from 13.12.2022 until the next Annual General Meeting. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 31 | 0 |
No. of Shares | 2,870,890,400 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
8. 8 |
||
Description |
Tore-appoint STYL Associates PLT as the External Auditors of the Company to hold office until the conclusion of the next Annual General Meeting and to authorize the Directors to fix their remuneration. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 31 | 0 |
No. of Shares | 2,870,890,400 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
9. 9 |
||
Description |
To approve the re-appointment and retention of Mr. Tan Kok Chor as the Independent Non-Executive Director . |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 30 | 1 |
No. of Shares | 2,870,890,300 | 100 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
10. 10 |
||
Description |
To approve the re-appointment and retention of Mr. Michael Moo Kai Wah as Independent Non-Executive Director. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 30 | 1 |
No. of Shares | 2,870,890,300 | 100 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
11. 11 |
||
Description |
Authority to allot Shares pursuant to Section 75 & 76 of the Companies Act, 2016. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 30 | 1 |
No. of Shares | 2,870,890,300 | 100 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
12. 12 |
||
Description |
Proposed Renewal of Authority for Share Buy-Back. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 31 | 0 |
No. of Shares | 2,870,890,400 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
Please refer attachment below.
Announcement Info
Company Name | BORNEO OIL BERHAD |
Stock Name | BORNOIL |
Date Announced | 12 Dec 2022 |
Category | General Meeting |
Reference Number | GMA-05122022-00005 |
Corporate Action ID | MY221205MEET0005 |