[ABMB] General on 19-Aug-2020

Stock
[ABMB]: ALLIANCE BANK MALAYSIA BERHAD
Announcement Date
17-Jul-2020
Type
General
Date & Time
19-Aug-2020 10:00
Depositor Date
12-Aug-2020
Venue
Agate and Sapphire Room 20th Floor, Menara Multi-Purpose, Capital Square No. 8, Jalan Munshi Abdullah 50100 Kuala Lumpur
Description
38th Annual General Meeting of Alliance Bank Malaysia Berhad
Notice of - AGM.PDF
Outcome

The Board of Directors of Alliance Bank Malaysia Berhad ("the Bank") is pleased to announce that all the 7 ordinary resolutions as set out in the Notice of the 38th Annual General Meeting ("AGM") dated 20 July 2020 were duly passed by the shareholders of the Bank at the 38th AGM of the Bank held as a fully virtual meeting through live streaming and online remote voting on Wednesday, 19 August 2020 at 10.00 a.m.

The Audited Financial Statements of theBank for the financial year ended 31 March 2020together withthe Reports of the Directors and Auditors thereon were received and duly tabled at the 38th AGM under Agenda 1.

Allthe resolutions were voted by poll and the results of the poll were validated by BDO Consulting Sdn Bhd, the independent scrutineers appointed by the Bank.

Please refer to the attachment for the detailed poll results.

Thisannouncement is dated 19 August 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To re-elect Datuk Wan Azhar bin Wan Ahmad who retires by rotation pursuant to Article 87 of the Bank's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 309 22
No. of Shares 851,745,092 131,105
% of Voted Shares 99.9846 0.0154
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Mr Lee Boon Huat who retires by rotation pursuant to Article 87 of the Bank's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 312 18
No. of Shares 851,770,592 105,505
% of Voted Shares 99.9876 0.0124
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mr Lum Piew who retires pursuant to Article 93 of the Bank's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 311 19
No. of Shares 851,770,492 105,605
% of Voted Shares 99.9876 0.0124
Result Accepted

4. Ordinary Resolution 4

Description 
To approve the payment of Directors' fees and Board Committees' fees amounting to RM1,828,115 to the Non-Executive Directors for the financial year ended 31 March 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 284 44
No. of Shares 851,138,396 221,817
% of Voted Shares 99.9740 0.0261
Result Accepted

5. Ordinary Resolution 5

Description 
To approve the payment of Directors' fees and Board Committees' fees to the Non-Executive Directors from 1 April 2020 until the next AGM of the Bank.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 284 44
No. of Shares 851,130,580 221,833
% of Voted Shares 99.9739 0.0261
Result Accepted

6. Ordinary Resolution 6

Description 
To approve the payment of Directors' benefits (other than Directors' fees and Board Committees' fees) to eligible Non-Executive Directors up to an amount of RM1,200,000 from the 38th AGM until the next AGM of the Bank.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 282 46
No. of Shares 851,130,076 222,337
% of Voted Shares 99.9739 0.0261
Result Accepted

7. Ordinary Resolution 7

Description 
To re-appoint PricewaterhouseCoopers PLT as Auditors of the Bank and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 310 20
No. of Shares 849,432,492 1,930,605
% of Voted Shares 99.7732 0.2268
Result Accepted

Remark
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