The Board of Directors of IOI Corporation Berhad (the "Company" ) is pleased to announce that all the Ordinary Resolutions as set out in the Notice of the Fifty-FirstAnnual General Meeting ("51stAGM")dated 1 October 2020 were duly passed and approved by the shareholders of the Company at the 51st AGM held virtually today.
All Ordinary Resolutions were voted by poll via the Remote Participation and Electronic Voting facilities (Boardroom Smart Investor Portal at https://web.lumiagm.com) in accordance with Paragraph 8.29A of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. The detailed poll results which were verified by Boardroom Corporate Services Sdn Bhd, the Independent Scrutineer appointed by the Company are set out below and in the attachment.
This announcement is dated 30 October 2020.
Voting Results |
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1. Resolution 1 |
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Description |
To re-elect Tan Sri Dr Rahamat Bivi binti Yusoff who retires by rotation pursuant to Article 91 of the Company's Constitution. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 617 | 28 |
No. of Shares | 4,419,767,066 | 33,711 |
% of Voted Shares | 99.9992 | 0.0008 |
Result | Accepted | |
2. Resolution 2 |
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Description |
To re-elect Dato' Lee Yeow Chor who retires by rotation pursuant to Article 91 of the Company's Constitution. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 627 | 16 |
No. of Shares | 4,419,003,275 | 789,502 |
% of Voted Shares | 99.9821 | 0.0179 |
Result | Accepted | |
3. Resolution 3 |
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Description |
To approve the payment of Directors' fees (inclusive of Board Committees' fees) of RM1,085,000 for the financial year ending 30 June 2021 payable quarterly in arrears after each month of completed service of the Directors during the financial year. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 580 | 59 |
No. of Shares | 4,419,004,795 | 408,282 |
% of Voted Shares | 99.9908 | 0.0092 |
Result | Accepted | |
4. Resolution 4 |
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Description |
To approve the payment of Directors' benefits (other than Directors' fees) of up to RM280,000 for the period from 30 October 2020 until the next Annual General Meeting. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 572 | 67 |
No. of Shares | 4,419,323,540 | 89,637 |
% of Voted Shares | 99.9980 | 0.0020 |
Result | Accepted | |
5. Resolution 5 |
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Description |
To re-appoint BDO PLT, the retiring Auditors for the financial year ending 30 June 2021 and to authorise the Audit and Risk Management Committee to fix their remuneration. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 634 | 12 |
No. of Shares | 4,418,276,982 | 1,516,896 |
% of Voted Shares | 99.9657 | 0.0343 |
Result | Accepted | |
6. Resolution 6 |
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Description |
To approve Datuk Karownakaran @ Karunakaran a/l Ramasamy to continue in office as an Independent Non-Executive Director. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 587 | 66 |
No. of Shares | 3,932,674,134 | 487,123,846 |
% of Voted Shares | 88.9786 | 11.0214 |
Result | Accepted | |
7. Resolution 7 |
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Description |
To approve Cheah Tek Kuang to continue in office as an Independent Non-Executive Director. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 597 | 56 |
No. of Shares | 4,392,317,208 | 26,583,692 |
% of Voted Shares | 99.3984 | 0.6016 |
Result | Accepted | |
8. Resolution 8 |
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Description |
To authorise the Directors to allot and issue shares pursuant to Section 76 of the Companies Act 2016. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 598 | 54 |
No. of Shares | 3,939,838,699 | 455,360,982 |
% of Voted Shares | 89.6396 | 10.3604 |
Result | Accepted | |
9. Resolution 9 |
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Description |
To approve the proposed renewal of existing share buy-back authority. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 631 | 25 |
No. of Shares | 4,416,582,376 | 3,200,105 |
% of Voted Shares | 99.9276 | 0.0724 |
Result | Accepted | |
10. Resolution 10 |
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Description |
To approve the proposed renewal of shareholders' mandate for recurrent related party transactions of a revenue or trading nature. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 622 | 24 |
No. of Shares | 1,278,009,879 | 2,295,325 |
% of Voted Shares | 99.8207 | 0.1793 |
Result | Accepted | |
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