[MAYBANK] General on 26-Jun-2020

Stock
[MAYBANK]: MALAYAN BANKING BHD
Announcement Date
27-May-2020
Type
General
Date & Time
26-Jun-2020 10:00
Depositor Date
15-Jun-2020
Venue
Broadcast Venue at Level 51, Menara Maybank, 100 Jalan Tun Perak, 50050 Kuala Lumpur,
Description
Notice of 60th Annual General Meeting ("AGM") - The 60th AGM of Malayan Banking Berhad will be conducted virtually through live streaming from the Broadcast Venue and via Remote Participation and Voting facilities available at https://tiih.online
60th AGM-Notice of AGM-Admin Notes-Proxy Form.pdf
Outcome

The Board of Directors of Malayan Banking Berhad (the "Company") wishes to announce that all the resolutions set out in the Notice of the 60th Annual General Meeting ("AGM") of the Company dated 28 May 2020were duly passed by the shareholders of the Company at the 60th AGMheld on 26 June2020.

The Audited Financial Statements of the Company for the financial year ended 31 December 2019 and the Reports of the Directors and Auditors thereon were received and duly tabled at the 60thAGM under Agenda 1.

All the resolutions were voted by pollin accordance with Paragraph 8.29A of the Main Market Listing Requirements ofBursa Malaysia Securities Berhadand the results of the poll were validated by Messrs. Deloitte Risk Advisory Sdn. Bhd., the independent scrutineers appointed by the Company.

Please refer to the attachment for the detailed poll results.

This announcement is dated 26 June 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To re-elect Datuk Mohaiyani Shamsudin as Director of the Company, who retires by rotation in accordance with Articles 103 and 104 of the Company's Constitution and being eligible offers herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,376 95
No. of Shares 9,249,906,451 28,436,459
% of Voted Shares 99.6940 0.3060
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Dr. Hasnita Dato' Hashim as Director of the Company, who retires by rotation in accordance with Articles 103 and 104 of the Company's Constitution and being eligible offers herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,427 65
No. of Shares 9,287,142,922 15,205,039
% of Voted Shares 99.8370 0.1630
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mr. Anthony Brent Elam as Director of the Company, who retires by rotation in accordance with Articles 103 and 104 of the Company's Constitution and being eligible offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,429 66
No. of Shares 9,286,759,876 15,612,780
% of Voted Shares 99.8320 0.1680
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Dato' Idris Kechot as Director of the Company, who retires in accordance with Article 107 of the Company's Constitution and being eligible offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,305 180
No. of Shares 9,095,219,105 192,863,896
% of Voted Shares 97.9240 2.0760
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Dato' Zulkiflee Abbas Abdul Hamid as Director of the Company, who retires in accordance with Article 107 of the Company's Constitution and being eligible offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,420 68
No. of Shares 9,287,124,001 15,205,668
% of Voted Shares 99.8370 0.1630
Result Accepted

6. Ordinary Resolution 6

Description 
To approve the payment of the following fees to Non-Executive Directors for the period from the 60th AGM to the 61st AGM of the Company:
(i)	Chairman's fee of RM610,000 per annum;
(ii)	Vice Chairman's fee of RM440,000 per annum;
(iii)	Director's fee of RM295,000 per annum for each Non-Executive Director;
(iv)	Board Committee Chairman's fee of RM75,000 per annum for the Chairman of each Board Committee; and
(v)	Board Committee Member's fee of RM45,000 per annum for each member of a Board Committee.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,349 107
No. of Shares 9,154,767,607 25,090,207
% of Voted Shares 99.7270 0.2730
Result Accepted

7. Ordinary Resolution 7

Description 
To approve the payment of benefits to eligible Non-Executive Directors of an amount up to RM3,104,400 for the period from the 60th AGM to the 61st AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,338 115
No. of Shares 9,151,617,526 10,603,227
% of Voted Shares 99.8840 0.1160
Result Accepted

8. Ordinary Resolution 8

Description 
To re-appoint Messrs Ernst & Young PLT as Auditors of the Company for the financial year ending 31 December 2020 and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,421 72
No. of Shares 9,290,489,782 11,683,981
% of Voted Shares 99.8740 0.1260
Result Accepted

9. Ordinary Resolution 9

Description 
Authority to Directors to allot shares pursuant to Section 75 of the Companies Act 2016
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,366 131
No. of Shares 9,069,166,130 233,185,947
% of Voted Shares 97.4930 2.5070
Result Accepted

10. Ordinary Resolution 10

Description 
Allotment and issuance of new ordinary shares in the Company ("Maybank Shares") in relation to the Recurrent and Optional Dividend Reinvestment Plan ("DRP") that allows the shareholders of the Company to reinvest their dividend to which the DRP applies, in new Maybank Shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,414 84
No. of Shares 9,298,486,611 3,868,474
% of Voted Shares 99.9580 0.0420
Result Accepted

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