[SBAGAN] General on 10-Dec-2020

Stock
[SBAGAN]: SUNGEI BAGAN RUBBER CO (M) BHD
Announcement Date
28-Oct-2020
Type
General
Date & Time
10-Dec-2020 10:30
Depositor Date
02-Dec-2020
Venue
Broadcast Venue: DoubleTree by Hilton Johor Bahru, 12 Jalan Ngee Heng, 80000 Johor Bahru, Johor Darul Takzim
Description
SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD ("the Company") - Notice of the Sixty-Second (62nd) Annual General Meeting (62nd AGM will be conducted fully virtual via remote participation voting)
SB-Notice of AGM and AGM Guide.pdf
Outcome

The Board of Directors of Sungei Bagan Rubber Company (Malaya)Berhad ("the Company") is pleased to announce that all the resolutions set out in the notice of the Sixty-Second Annual General Meeting ("62ndAGM") dated 30 October2020were duly passed at the 62ndAGMheldat Broadcast Venue ofDoubleTree by Hilton Johor Bahru, 12 Jalan Ngee Heng, 80000 Johor Bahru, Johor, Malaysiaon 10 December2020.

All resolutions tabled at the 62ndAGM were voted by poll and results of the poll were validated by the appointed Independent Scrutineer,M/s Boardroom Business Solutions Sdn. Bhd. Please refer to the attachment for the poll results validated by the scrutineer.

Result of Ordinary Resolution 6 as follows:

Voted No. of Shareholders No. of Shares % of Voted Shares
Tier 1 (Large Holders) For 2 38,949,833 100.0000
Against 0 0 0.0000
Tier 2 (Other Holders) For 14 51,249 44.1642
Against 5 64,793 55.8358

The Ordinary Resolution 10 has been "Accepted" instead of "Rejected" as stated in the announcement dated 10 December 2020. Other information in the previous announcement dated 10 December 2020 remains the same.

Voting Results

1. Ordinary Resolution 1

Description 
To declare and approve the payment of Single Tier First and Final Dividend of 2 sen per ordinary share for the financial year ended 30 June 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 0
No. of Shares 39,065,875 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of aggregate Directors' fees and other benefits not exceeding RM500,000 for the financial year ending 30 June 2021, to be paid on quarterly basis in arrears.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 14 6
No. of Shares 38,992,223 70,330
% of Voted Shares 99.8200 0.1800
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mr Lee Soo Hoon as a Director who retires by rotation in accordance with the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 16 5
No. of Shares 39,001,082 64,793
% of Voted Shares 99.8341 0.1659
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Mr Tay Beng Chai as a Director who retires by rotation in accordance with the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 19 2
No. of Shares 39,058,182 7,693
% of Voted Shares 99.9803 0.0197
Result Accepted

5. Ordinary Resolution 5

Description 
To re-appoint Messrs Ernst & Young PLT as Auditors of the Company for the financial year ending 30 June 2021 and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 19 2
No. of Shares 39,058,182 7,693
% of Voted Shares 99.9803 0.0197
Result Accepted

6. Ordinary Resolution 6

Description 
Continuing in Office as Independent Non-Executive Chairman, Mr Lee Soo Hoon.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 16 5
No. of Shares 39,001,082 64,793
% of Voted Shares 99.8341 0.1659
Result Rejected

7. Ordinary Resolution 7

Description 
Authority to Allot and Issue Shares by Directors pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 15 6
No. of Shares 38,995,545 70,330
% of Voted Shares 99.8200 0.1800
Result Accepted

8. Ordinary Resolution 8

Description 
Proposed Renewal of Shareholders' Mandate for Share Buy-Back Authority.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 20 1
No. of Shares 39,065,775 100
% of Voted Shares 99.9997 0.0003
Result Accepted

9. Ordinary Resolution 9

Description 
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading in Nature Entered with The Nyalas Rubber Estates Limited.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 12 5
No. of Shares 12,489 64,793
% of Voted Shares 16.1603 83.8397
Result Rejected

10. Ordinary Resolution 10

Description 
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading in Nature Entered with Kuala Pergau Rubber Plantations PLC.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 15 2
No. of Shares 69,589 7,693
% of Voted Shares 90.0455 9.9545
Result Accepted

Remark
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