[MAA] General on 31-May-2021

Stock
[MAA]: MAA GROUP BERHAD
Announcement Date
28-Apr-2021
Type
General
Date & Time
31-May-2021 10:00
Depositor Date
24-May-2021
Venue
Broadcast Venue : Astana Meeting Room 15th Floor, No. 566, Jalan Ipoh, 51200 Kuala Lumpur
Description
Notice of the 23rd Annual General Meeting of MAA Group Berhad The 23rd Annual General Meeting of the Company will be conducted electronically in its entirety at the Broadcast Venue via Remote Participation and Voting facilities.
MAA AR2020 - Notice of AGM @ 30.04.2021.pdf
Outcome

The Board of Directors of MAA Group Berhad ("the Company") is pleased to announce that all the ordinary resolutions and a special resolution as set out in the Notice of the 23rd Annual General Meeting ("AGM") of the Company dated 30 April 2021were duly passed at the aforesaid AGM which was conducted electronically in its entirety via Remote Participation and Voting facilities ("RPV") at the above Broadcast Venue on 31 May 2021.

The Audited Financial Statements of the Company for the financial year ended 31 December 2020and the Reports of the Directors and Auditors thereon were received and duly tabled at the 23rd AGM under Agenda 1.

All the ordinary resolutions and a special resolution were voted by way of poll via RPV at the 23rd AGM in accordance with Paragraph 8.29A(1) of Bursa Malaysia Securities Berhad's Main Market Listing Requirements.

The detailed poll results were verified by the Independent Scrutineers, Symphony Merchant Sdn Bhd as per attachment.

Please refer to the table below for the poll results.

This announcement is dated 31May 2021.

Voting Results

1. 1

Description 
To approve the payment of Directors' fees of RM350,000.00 for the period from 1 July 2021 to 30 June 2022 to be payable quarterly in arrears to the Non-Executive Directors of the Company and its subsidiary.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 29 44
No. of Shares 122,681,612 4,500,042
% of Voted Shares 96.4617 3.5383
Result Accepted

2. 2

Description 
To approve an amount of up to RM250,000.00 as benefits payable to the Non-Executive Directors of the Company and its subsidiary for the period from 1 July 2021 to 30 June 2022.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 28 49
No. of Shares 122,806,102 4,391,572
% of Voted Shares 96.5474 3.4526
Result Accepted

3. 3

Description 
To re-elect Tunku Yahaya @ Yahya bin Tunku Tan Sri Abdullah who is retiring in accordance with Article 96(1) of the Company's Constitution and who, being eligible, offer himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 42 33
No. of Shares 122,693,187 4,497,487
% of Voted Shares 96.4640 3.5360
Result Accepted

4. 4

Description 
To re-elect Yeo Took Keat who is retiring in accordance with Article 96(1) of the Company's Constitution and who, being eligible, offer himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 44 31
No. of Shares 124,477,282 2,713,392
% of Voted Shares 97.8667 2.1333
Result Accepted

5. 5

Description 
To re-appoint Messrs. PricewaterhouseCoopers PLT as Auditors of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 56 22
No. of Shares 127,187,210 3,764
% of Voted Shares 99.9970 0.0030
Result Accepted

6. 6

Description 
Approval for Dato' Narendrakumar Jasani A/L Chunilal Rugnath to continue in office as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 41 34
No. of Shares 122,667,682 4,522,992
% of Voted Shares 96.4439 3.5561
Result Accepted

7. 7

Description 
Proposed Renewal of Share Buy-Back Authority.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 53 25
No. of Shares 127,194,840 11,834
% of Voted Shares 99.9907 0.0093
Result Accepted

8. 8

Description 
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature with Trace Management Services Sdn Bhd.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 43 34
No. of Shares 16,189,345 5,240,145
% of Voted Shares 75.5470 24.4530
Result Accepted

9. 9

Description 
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 35
No. of Shares 14,513,945 6,899,645
% of Voted Shares 67.7791 32.2209
Result Accepted

10. 10

Description 
Authority to Issue and Allot Shares Pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 43 34
No. of Shares 121,800,829 5,389,945
% of Voted Shares 95.7623 4.2377
Result Accepted

11. Special Resolution 1

Description 
Proposed Amendments to the Constitution of the Company
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 47 27
No. of Shares 127,051,740 138,834
% of Voted Shares 99.8908 0.1092
Result Accepted

Remark
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