[MAA] General on 30-Jun-2020

Stock
[MAA]: MAA GROUP BERHAD
Announcement Date
28-May-2020
Type
General
Date & Time
30-Jun-2020 10:00
Depositor Date
22-Jun-2020
Venue
Broadcast Venue : Astana Meeting Room 15th Floor No. 566, Jalan Ipoh 51200 Kuala Lumpur
Description
Due to the current situation on Coronavirus Disease (Covid-19) pandemic and as an effort to curb the spread of Covid-19, the 22nd Annual General Meeting will be conducted fully virtual at the Broadcast Venue via Remote Participation and Voting facilities.
5.MAAG - Notice of AGM dated 29.5.2020 (Final for Announcement).pdf
Outcome

The Board of Directors of MAA Group Berhad ("the Company") is pleased to announce that all the ordinary resolutions as set out in the Notice of the 22nd Annual General Meeting ("AGM") of the Company dated 29 May 2020 were 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 30 June 2020.


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 22nd AGM under Agenda 1.

All the ordinary resolutions were voted by way of poll via RPV at the 22nd 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 30 June 2020.

Voting Results

1. 1

Description 
To approve the payment of Directors' fees of RM346,800.00 for the period from 1 July 2020 to 30 June 2021 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 13 25
No. of Shares 124,564,686 14,488,050
% of Voted Shares 89.5809 10.4191
Result Accepted

2. 2

Description 
To approve an amount of up to RM214,200.00 as benefits payable to the Non-Executive Directors of the Company and its subsidiary for the period from 1 July 2020 to 30 June 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 13 25
No. of Shares 124,564,686 14,488,050
% of Voted Shares 89.5809 10.4191
Result Accepted

3. 3

Description 
To re-elect Tunku Dato Ahmad Burhanuddin Bin Tunku Datuk Seri Adnan who is retiring in accordance with Clause 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 26 12
No. of Shares 126,884,333 12,690,603
% of Voted Shares 90.9077 9.0923
Result Accepted

4. 4

Description 
To re-elect Datin Seri Raihanah Begum Binti Abdul Rahman who is retiring in accordance with Clause 96(1) of the Company's Constitution and who, being eligible, offer herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 20 18
No. of Shares 125,087,236 14,487,700
% of Voted Shares 89.6201 10.3799
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 25 13
No. of Shares 138,747,336 827,700
% of Voted Shares 99.4070 0.5930
Result Accepted

6. 6

Description 
Proposed Renewal of Share Buy-Back Authority.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 19 19
No. of Shares 138,159,156 1,415,880
% of Voted Shares 98.9856 1.0144
Result Accepted

7. 7

Description 
Proposed 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 23 15
No. of Shares 18,708,069 15,089,883
% of Voted Shares 55.3527 44.6473
Result Accepted

8. 8

Description 
Proposed Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 20 18
No. of Shares 16,908,002 16,889,950
% of Voted Shares 50.0267 49.9733
Result Accepted

9. 9

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 23 15
No. of Shares 125,607,253 13,967,683
% of Voted Shares 89.9927 10.0073
Result Accepted

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