The Board of Directors of MMC Corporation Berhad (“the Company”) wishes to announce that all resolutions as set out in the Notice of the Forty-Fourth Annual General Meeting ("44th AGM") of the Company dated19 May 2020were duly passed by the shareholders of the Company at the 44th 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 June 2020.
Voting Results |
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1. Resolution 1 |
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Description |
To approve the payment of Directors fees up to an amount of RM1,370,000.00 to the Non-Executive Directors (NEDs) of the Company for the period from 23 June 2020 until the conclusion of the next Annual General Meeting (AGM). |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 160 | 44 |
No. of Shares | 2,368,159,634 | 165,729 |
% of Voted Shares | 99.9930 | 0.0069 |
Result | Accepted | |
2. Resolution 2 |
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Description |
To approve the benefits payable to the Directors of the Company up to an amount of RM2,120,000.00 for the period from 23 June 2020 until the conclusion of the next AGM. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 156 | 47 |
No. of Shares | 2,367,553,224 | 172,139 |
% of Voted Shares | 99.9927 | 0.0072 |
Result | Accepted | |
3. Resolution 3 |
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Description |
To re-elect Datuk Ooi Teik Huat who retires in accordance with Article 18.3 of the Companys Constitution and who being eligible, offer himself for re-election. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 132 | 72 |
No. of Shares | 1,652,200,531 | 716,124,832 |
% of Voted Shares | 69.7623 | 30.2376 |
Result | Accepted | |
4. Resolution 4 |
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Description |
To re-elect Dato' Abdul Hamid bin Sh Mohamed who retires in accordance with Article 18.3 of the Companys Constitution and who being eligible, offer himself for re-election. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 161 | 42 |
No. of Shares | 1,673,206,645 | 695,117,711 |
% of Voted Shares | 70.6493 | 29.3506 |
Result | Accepted | |
5. Resolution 5 |
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Description |
To re-elect Dato' Ir. Jamaludin bin Osman who retires in accordance with Article 18.3 of the Companys Constitution and who being eligible, offer himself for re-election. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 142 | 61 |
No. of Shares | 2,346,764,931 | 21,559,432 |
% of Voted Shares | 99.0896 | 0.9103 |
Result | Accepted | |
6. Resolution 6 |
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Description |
To re-appoint Messrs. PricewaterhouseCoopers PLT (PwC), having consented to act as Auditors of the Company, to hold office until the conclusion of the next AGM and to authorise the Board of Directors to determine their remuneration. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 182 | 21 |
No. of Shares | 2,368,233,453 | 90,910 |
% of Voted Shares | 99.9961 | 0.0038 |
Result | Accepted | |
7. Resolution 7 |
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Description |
To retain Datuk Ooi Teik Huat, who has served as an Independent Non-Executive Director of the Company for a cumulative term of more than nine (9) years, to continue to act as an Independent Non-Executive Director of the Company and to hold office until the conclusion of the next AGM of the Company in accordance with Practice 4.2 of the Malaysian Code on Corporate Governance 2017. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 133 | 69 |
No. of Shares | 1,648,153,831 | 720,168,532 |
% of Voted Shares | 69.5916 | 30.4083 |
Result | Accepted | |
8. Resolution 8 |
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Description |
To retain Dato' Abdul Hamid bin Sh Mohamed, who has served as an Independent Non-Executive Director of the Company for a cumulative term of more than nine (9) years, to continue to act as an Independent Non-Executive Director of the Company and to hold office until the conclusion of the next AGM of the Company in accordance with Practice 4.2 of the Malaysian Code on Corporate Governance 2017. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 161 | 43 |
No. of Shares | 1,673,207,452 | 695,117,911 |
% of Voted Shares | 70.6493 | 29.3506 |
Result | Accepted | |
9. Resolution 9 |
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Description |
Proposed Transfer of 509,494,049 Ordinary Shares representing approximately 70.0% Ordinary Equity Interest in Pelabuhan Tanjung Pelepas Sdn Bhd (PTP) by MMC to MMC Port Holdings Sdn Bhd (MMC Port), a Wholly-Owned Subsidiary of MMC via a Share Swap (Proposed Transfer of PTP) |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 170 | 34 |
No. of Shares | 2,368,190,032 | 135,331 |
% of Voted Shares | 99.9942 | 0.0057 |
Result | Accepted | |