[APM] General on 06-Aug-2020

Stock
[APM]: APM AUTOMOTIVE HOLDINGS BHD
Announcement Date
22-Jun-2020
Type
General
Date & Time
06-Aug-2020 10:30
Depositor Date
30-Jul-2020
Venue
Broadcast Venue : Tricor Business Centre, Manuka 2 & 3 Meeting Room Unit 29-01, Level 29, Tower A, Vertical Business Suite Avenue 3, Bangsar South, No. 8 Jalan Kerinchi 59200 Kuala Lumpur
Description
Notice of Twenty-Third Annual General Meeting ("23rd AGM") of APM Automotive Holdings Berhad. The 23rd AGM will be conducted fully virtual at the Broadcast Venue via Remote Participation and Voting facilities at https://tiih.online.
Notice of AGM.pdf
Outcome

The Board of Directors of APM Automotive Holdings Berhad ("the Company") wishes to announce that all the resolutions as set out in the Notice of Twenty-Third Annual General Meeting (“23rdAGM”) of the Company dated 23 June 2020 were duly passed by the shareholders at the 23rdAGM of the Company held on 6 August 2020.

All the resolutions were voted by poll and the results of the poll were validated by Asia Securities Sdn Berhad, the independent scrutineer appointed by the Company. Please refer to the attachment for the poll results.

This announcement is dated 6 August 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To declare a final single tier dividend of 5 sen per share for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 187 6
No. of Shares 120,738,821 401
% of Voted Shares 99.9997 3.1088
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Dato' N. Sadasivan s/o N.N. Pillay as a Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 174 18
No. of Shares 110,536,313 10,202,309
% of Voted Shares 91.5501 8.4499
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mr. Lee Tatt Boon as a Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 181 12
No. of Shares 120,716,513 22,709
% of Voted Shares 99.9812 0.0188
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Mr. Lee Min On as a Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 180 12
No. of Shares 120,715,913 22,709
% of Voted Shares 99.9812 0.0188
Result Accepted

5. Ordinary Resolution 5

Description 
To approve the payment of Directors' fees of up to RM490,000 in aggregate to the Independent Non-Executive Directors of the Company and up to RM26,000 in aggregate to the Independent Non-Executive Directors of the subsidiary companies, APM Springs Sdn. Bhd. and Auto Parts Manufacturers Co. Sdn. Bhd. respectively during the course of period from 1 June 2020 until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 177 16
No. of Shares 120,715,043 24,179
% of Voted Shares 99.9800 0.0200
Result Accepted

6. Ordinary Resolution 6

Description 
To approve the payment of Directors benefits of up to RM130,000 in aggregate to the Independent Non-Executive Directors of the Company during the course of the period from 1 June 2020 until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 170 23
No. of Shares 120,673,843 65,379
% of Voted Shares 99.9459 0.0541
Result Accepted

7. Ordinary Resolution 7

Description 
To re-appoint KPMG PLT as Auditors of the Company for the financial year ending 31 December 2020 and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 183 10
No. of Shares 120,723,219 16,003
% of Voted Shares 99.9867 0.0133
Result Accepted

8. Ordinary Resolution 8

Description 
Continuing in Office of Dato' N. Sadasivan s/o N.N. Pillay as Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 173 19
No. of Shares 110,536,263 10,202,359
% of Voted Shares 91.5500 8.4500
Result Accepted

9. Ordinary Resolution 9

Description 
Proposed Renewal of Authority for the Company to purchase its own ordinary shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 179 13
No. of Shares 120,716,243 22,379
% of Voted Shares 99.9815 0.0185
Result Accepted

10. Ordinary Resolution 10

Description 
Proposed Shareholders' Mandate for Recurrent Related Party Transactions with Tan Chong Motor Holdings Berhad and its subsidiaries.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 163 14
No. of Shares 19,370,880 25,379
% of Voted Shares 99.8692 0.1308
Result Accepted

11. Ordinary Resolution 11

Description 
Proposed Shareholders' Mandate for Recurrent Related Party Transactions with Warisan TC Holdings Berhad and its subsidiaries.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 161 16
No. of Shares 19,342,380 53,879
% of Voted Shares 99.7222 0.2778
Result Accepted

12. Ordinary Resolution 12

Description 
Proposed Shareholders' Mandate for Recurrent Related Party Transactions with Tan Chong International Limited and its subsidiaries.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 162 15
No. of Shares 19,357,880 38,379
% of Voted Shares 99.8021 0.1979
Result Accepted

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