[NESTLE] General on 30-Apr-2020

Stock
[NESTLE]: NESTLE (M) BHD
Announcement Date
23-Apr-2020
Type
General
Date & Time
30-Apr-2020 10:00
Depositor Date
22-Apr-2020
Venue
NESTL (MALAYSIA) BERHAD 22-1, 22ND FLOOR, MENARA SURIAN NO. 1, JALAN PJU 7/3, MUTIARA DAMANSARA 47810 PETALING JAYA
Description
NOTIFICATION TO SHAREHOLDERS OF THE FULLY VIRTUAL 36TH ANNUAL GENERAL MEETING OF NESTL (MALAYSIA) BERHAD
Notification Letter for Change of AGM Venue.pdf
Outcome

Outcome of Meeting

The Board of Directors of Nestlé (Malaysia) Berhad ("Company") wishes to announce that all the Ordinary Resolutions as set out in the Notice of the 36th(Thirty-Sixth) Annual General Meeting (“AGM”) of the Company dated 1April2020were duly passed by the shareholders at the AGM of the Company held today, 30 April 2020, except for Ordinary Resolution 3 which was withdrawn.

In this respect, the Company had on 13 April 2020 made an announcement on re-classification of Proposed Final Dividend to Third Interim Dividend for the financial year ended 31 December 2019 and thereafter withdrawn the Ordinary Resolution 3 on 23 April 2020. Please refer to the announcements on the respective dates for further details.

All the Ordinary Resolutions were voted by poll and the results of the poll were validated by Coopers Professional Scrutineers Sdn. Bhd., the independent scrutineer appointed by the Company.

Please refer to the attachment for the poll results.

This announcement is dated 30 April 2020.

Voting Results

1. Ordinary Resolution 1

Description 
TO RE-ELECT Dato Mohd. Rafik Bin Shah Mohamad as Director of the Company, who retires by rotation in accordance with Article 97.1 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 494 157
No. of Shares 202,044,319 6,573,548
% of Voted Shares 96.8490 3.1510
Result Accepted

2. Ordinary Resolution 2

Description 
TO APPOINT Ernst & Young PLT (Firm No. 202006000003 (LLP0022760-LCA) & AF 0039), as the Auditors of the Company in place of the outgoing Auditors, KPMG PLT ((LLP0010081-LCA) & AF 0758), and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 639 7
No. of Shares 208,531,864 97,903
% of Voted Shares 99.9531 0.0469
Result Accepted

3. Ordinary Resolution 3 (Withdrawn)
Description 
TO APPROVE the payment of a final dividend of 140 sen per share, under a single-tier system, in respect of the financial year ended 31 December 2019.
Shareholder’s Action For Voting

4. Ordinary Resolution 4

Description 
TO APPROVE the payment of Directors' Fees amounting to RM1,240,000.00 for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 620 10
No. of Shares 208,601,457 1,006
% of Voted Shares 99.9995 0.0005
Result Accepted

5. Ordinary Resolution 5

Description 
TO APPROVE the payment of Directors'  Benefits amounting to RM200,000.00 for the financial period from 1 July 2020 to 30 June 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 619 11
No. of Shares 207,665,108 4,856
% of Voted Shares 99.9977 0.0023
Result Accepted

6. Ordinary Resolution 6

Description 
TO RETAIN Dato' Mohd. Rafik Bin Shah Mohamad who has served for a cumulative term of more than nine years as an Independent Director in accordance with Article 97.3.1 of the Constitution of the Company and in accordance with the Malaysian Code on Corporate Governance ("MCCG 2017").
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 496 154
No. of Shares 199,463,615 9,154,249
% of Voted Shares 95.6120 4.3880
Result Accepted

7. Ordinary Resolution 7

Description 
Proposed Renewal of Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature as set out under Section 2.3(a) of the Circular to Shareholders dated 1 April 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 638 5
No. of Shares 38,312,101 403
% of Voted Shares 99.9989 0.0011
Result Accepted

Remark
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