[DRBHCOM] General on 22-Jul-2020

Stock
[DRBHCOM]: DRB-HICOM BHD
Announcement Date
23-Jun-2020
Type
General
Date & Time
22-Jul-2020 10:00
Depositor Date
15-Jul-2020
Venue
Broadcast Venue at Boardroom, Level 6, Wisma DRB-HICOM, No. 2, Jalan Usahawan U1/8, Seksyen U1 40150 Shah Alam, Selangor Darul Ehsan
Description
NOTICE OF 30TH ANNUAL GENERAL MEETING ("AGM") OF DRB-HICOM BERHAD The 30th AGM of DRB-HICOM Berhad will be held on a fully virtual basis with online voting using the Remote Participation and Voting facilities.
NST - Notice of 30th AGM.pdf
Outcome

The Board of Directors of DRB-HICOM Berhad (“the Company”) wishes to announce that all resolutions as set out in the Notice of the 30th Annual General Meeting ("AGM") of the Company dated24 June 2020were duly passed by the shareholders of the Company at the 30th AGM held today.

All the resolutions were voted by poll via remote participation and electronic voting and the results of the poll were validated by Boardroom Corporate Services Sdn. Bhd., the independent scrutineers appointed by the Company.

Details of the poll voting results are set out in the table below.

This announcement is dated 22 July 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of a first and final dividend of 2.0 sen per share in respect of the financial period ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 510 27
No. of Shares 1,497,286,404 17,572
% of Voted Shares 99.9988 0.0012
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Dato Mohammad Zainal Shaari who retires by rotation in accordance with Article 77 of the Company's Constitution and who being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 417 118
No. of Shares 1,484,589,084 12,713,292
% of Voted Shares 99.1509 0.8491
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Sharifah Sofia Syed Mokhtar Shah who retires by rotation in accordance with Article 77 of the Company's Constitution and who being eligible, offers herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 428 105
No. of Shares 1,492,188,565 5,107,811
% of Voted Shares 99.6589 0.3411
Result Accepted

4. Ordinary Resolution 4

Description 
To approve the payment of Directors' fees up to an aggregate amount of RM2,220,000.00 to the Non-Executive Directors from 23 July 2020 until the conclusion of the next Annual General Meeting.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 368 162
No. of Shares 1,437,918,295 59,368,681
% of Voted Shares 96.0349 3.9651
Result Accepted

5. Ordinary Resolution 5

Description 
To approve the payment of benefits payable (excluding Directors fees) up to an aggregate amount of RM439,000.00 to the Non-Executive Directors from 23 July 2020 until the conclusion of the next Annual General Meeting.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 377 149
No. of Shares 1,497,082,995 202,975
% of Voted Shares 99.9864 0.0136
Result Accepted

6. Ordinary Resolution 6

Description 
To re-appoint Ernst & Young PLT as Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 479 50
No. of Shares 1,495,239,755 2,060,613
% of Voted Shares 99.8624 0.1376
Result Accepted

7. Ordinary Resolution 7

Description 
Retention of Datuk Ooi Teik Huat as Independent Director pursuant to Practice 4.2 of the Malaysian Code on Corporate Governance 2017.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 437 94
No. of Shares 1,389,501,500 107,800,368
% of Voted Shares 92.8004 7.1996
Result Accepted

8. Ordinary Resolution 8

Description 
Proposed Renewal of Shareholders' Mandate for Existing  Recurrent Related Party Transactions and Proposed New Shareholders' Mandate for Additional Recurrent Related Party Transactions of a Revenue or Trading Nature (Proposed Shareholders' Mandate).
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 465 65
No. of Shares 416,153,389 86,738
% of Voted Shares 99.9792 0.0208
Result Accepted

Remark
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