BORNOIL

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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:-

 

Resolution Total Votes For Total Vote Against Result
No. of Shareholders No. of Shares % No. of Shareholders No. of Shares %  

Ordinary Resolution 9

 

To approve the re-appointment and retention of Mr. Tan Kok Chor as the Independent Non-Executive Director

Tier 1 4 1,326,198,250 100 0 0 0 Accepted
Tier 2  26 1,544,692,050 100 1 100 0

Ordinary Resolution 10

 

To approve the re-appointment and retention of Mr. Michael Moo Kai Wah as the Independent Non-Executive Director

Tier 1 4 1,326,198,250

100

0 0 0 Accepted
Tier 2 26 1,544,692,050 100 1 100 0

 

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.

Attachments

BOB - 38th AGM Poll Results.pdf
256.3 kB




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