[GENM] General on 22-Jun-2020

Stock
[GENM]: GENTING MALAYSIA BERHAD
Announcement Date
29-May-2020
Type
General
Date & Time
22-Jun-2020 10:00
Depositor Date
15-Jun-2020
Venue
Broadcast Venue, 14th Floor, Wisma Genting Jalan Sultan Ismail 50250 Kuala Lumpur
Description
Notice of the Fortieth Annual General Meeting ("40th AGM") of Genting Malaysia Berhad ("GENM") The 40th AGM of GENM will be conducted fully virtual at the Broadcast Venue via Remote Participation and Voting Facilities at https://tiih.online.
GENM_Notice of 40th AGM_Proxy Form and Personal Data Notice.pdf
Outcome

The Board of Directors of Genting Malaysia Berhad("GENM") is pleased to inform that the shareholders of GENM had, at the Fortieth Annual General Meeting ("40th AGM") of GENM held on Monday, 22 June 2020 approved all the 11 ordinary resolutions as set out in the Notice of the 40th AGM by way of poll.

The results of the poll were duly validated by Deloitte Risk Advisory Sdn Bhd, the Independent Scrutineer appointed by GENM.

Details of the results of the poll are set out below.

This announcement is dated 22June 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the declaration of a final single-tier dividend of 5.0 sen per ordinary share for the financial year ended 31 December 2019 to be paid on 23 July 2020 to members registered in the Record of Depositors on 30 June 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,129 32
No. of Shares 3,855,725,453 98,736
% of Voted Shares 99.9970 0.0030
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors' fees of RM1,321,925 for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 999 130
No. of Shares 3,807,453,694 952,179
% of Voted Shares 99.9750 0.0250
Result Accepted

3. Ordinary Resolution 3

Description 
To approve the payment of Directors' benefits-in-kind for the period from 22 June 2020 (except for the Meeting Allowance for Risk Management Committee from 1 January 2020) until the next annual general meeting of the Company in 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 991 135
No. of Shares 3,837,385,310 1,194,179
% of Voted Shares 99.9690 0.0310
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Tan Sri Lim Kok Thay as a Director pursuant to Paragraph 107 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,011 139
No. of Shares 3,679,416,282 134,623,463
% of Voted Shares 96.4700 3.5300
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Gen. Dato' Seri DiRaja Tan Sri (Dr.) Mohd Zahidi bin Hj Zainuddin (R) as a Director pursuant to Paragraph 107 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 916 224
No. of Shares 3,531,619,541 295,345,548
% of Voted Shares 92.2830 7.7170
Result Accepted

6. Ordinary Resolution 6

Description 
To re-elect Mr Teo Eng Siong as a Director pursuant to Paragraph 107 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,007 141
No. of Shares 3,642,754,574 196,628,815
% of Voted Shares 94.8790 5.1210
Result Accepted

7. Ordinary Resolution 7

Description 
To re-elect Dato' Sri Lee Choong Yan as a Director pursuant to Paragraph 112 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 981 170
No. of Shares 3,622,847,560 213,177,375
% of Voted Shares 94.4430 5.5570
Result Accepted

8. Ordinary Resolution 8

Description 
To re-appoint PricewaterhouseCoopers 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 1,091 59
No. of Shares 3,837,449,143 2,404,046
% of Voted Shares 99.9370 0.0630
Result Accepted

9. Ordinary Resolution 9

Description 
To approve the authority to Directors pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,070 75
No. of Shares 3,776,098,918 63,785,971
% of Voted Shares 98.3390 1.6610
Result Accepted

10. Ordinary Resolution 10

Description 
To approve the proposed renewal of the authority for the Company to purchase its own shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,102 50
No. of Shares 3,854,713,743 245,446
% of Voted Shares 99.9940 0.0060
Result Accepted

11. Ordinary Resolution 11

Description 
To approve the proposed renewal of shareholders' mandate for recurrent related party transactions of a revenue or trading nature and proposed new shareholders' mandate for additional recurrent related party transactions of a revenue or trading nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,050 88
No. of Shares 935,674,596 80,898,442
% of Voted Shares 92.0420 7.9580
Result Accepted

Remark
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