[PPB] General on 12-Jun-2020

Stock
[PPB]: PPB GROUP BHD
Announcement Date
18-May-2020
Type
General
Date & Time
12-Jun-2020 10:00
Depositor Date
02-Jun-2020
Venue
Broadcast Venue Tricor Business Centre, Manuka 2 & 3, Unit 29.01, Level 29 Tower A, Vertical Business Suite, Avenue 3, Bangsar South 8 Jalan Kerinchi, 59200 Kuala Lumpur
Description
Notice of the 51st Annual General Meeting dated 19 May 2020 The 51st Annual General Meeting of the Company will be conducted through live streaming and remote online voting via Remote Participation and Voting facilities.
Notice of 51st AGM Admin Guide for shareholders and Proxy Form.pdf
Outcome

PPB Group Berhad wishes to announce that all the resolutions set out in the notice of the 51st Annual General Meeting ("AGM") of the Company dated 19 May 2020 were duly passed at the 51st AGM of the Company.

All the resolutions were voted by poll and the results of the poll were validated by Asia Securities Sdn Bhd, the independent scrutineer appointed by the Company.

Please refer to the attachment for the poll results.

This announcement is dated 12 June 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To approve Directors fees for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 579 23
No. of Shares 1,123,132,121 23,281
% of Voted Shares 99.9979 0.0021
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors benefits for the period from 1 July 2020 to 30 June 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 576 26
No. of Shares 1,123,130,041 25,361
% of Voted Shares 99.9977 0.0023
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Tan Sri Datuk Oh Siew Nam as a Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 505 100
No. of Shares 920,585,964 202,633,858
% of Voted Shares 81.9596 18.0404
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Mr Lim Soon Huat as a Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 586 20
No. of Shares 1,124,280,836 253,583
% of Voted Shares 99.9774 0.0226
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Encik Ahmad Riza bin Basir as a Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 539 68
No. of Shares 1,111,973,134 12,561,285
% of Voted Shares 98.8830 1.1170
Result Accepted

6. Ordinary Resolution 6

Description 
To re-appoint Ernst & Young PLT as auditors of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 568 38
No. of Shares 1,118,807,050 5,727,369
% of Voted Shares 99.4907 0.5093
Result Accepted

7. Ordinary Resolution 7

Description 
To approve the continuation of Dato Captain Ahmad Sufian @ Qurnain bin Abdul Rashid's tenure as an independent director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 510 99
No. of Shares 1,079,917,061 44,617,358
% of Voted Shares 96.0324 3.9676
Result Accepted

8. Ordinary Resolution 8

Description 
To authorise the Directors to allot and issue shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 569 36
No. of Shares 1,109,478,926 15,055,491
% of Voted Shares 98.6612 1.3388
Result Accepted

9. Ordinary Resolution 9

Description 
Proposed shareholders mandate for recurrent related party transactions of a revenue or trading nature with persons connected with PGEO Group Sdn Bhd.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 589 16
No. of Shares 1,124,530,449 2,890
% of Voted Shares 99.9997 0.0003
Result Accepted

10. Ordinary Resolution 10

Description 
Proposed renewal of authority for PPB Group Berhad to purchase its own ordinary shares up to 10% of the issued shares
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 589 19
No. of Shares 1,123,845,830 625,669
% of Voted Shares 99.9444 0.0556
Result Accepted

Remark
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