[MAYBULK] General on 23-Jun-2020

Stock
[MAYBULK]: MAYBULK BERHAD
Announcement Date
28-May-2020
Type
General
Date & Time
23-Jun-2020 14:30
Depositor Date
12-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 31st Annual General Meeting dated 29 May 2020
MBC Notice of AGM Admin Guide and Proxy Form.pdf
Outcome

Malaysian Bulk Carriers Berhad ("the Company") wishes to announce that all the resolutions as set out in the Notice of 31stAnnual General Meeting ("AGM") dated29 May 2020 were duly passed at the 31stAGM of the Company.

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

Please refer to the attachment for the poll results.

This announcement is dated 23 June 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To re-elect Mr Tay Beng Chai who is retiring pursuant to Article 121 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 83 12
No. of Shares 673,504,980 114,653
% of Voted Shares 99.9830 0.0170
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Mr Hor Weng Yew who is retiring pursuant to Article 121 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 82 14
No. of Shares 673,780,269 114,364
% of Voted Shares 99.9830 0.0170
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Encik Ahmad Mochtar Bin Hashim who is retiring pursuant to Article 128 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 76 20
No. of Shares 673,756,269 138,364
% of Voted Shares 99.9790 0.0210
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Mr Yeoh Khoon Cheng who is retiring pursuant to Article 128 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 82 15
No. of Shares 673,775,270 124,363
% of Voted Shares 99.9820 0.0180
Result Accepted

5. Ordinary Resolution 5

Description 
To re-appoint Messrs 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 84 14
No. of Shares 673,776,330 134,303
% of Voted Shares 99.9800 0.0200
Result Accepted

6. Ordinary Resolution 6

Description 
To approve payment of Directors' fees of RM544,630 for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 74 22
No. of Shares 673,472,269 152,364
% of Voted Shares 99.9770 0.0230
Result Accepted

7. Ordinary Resolution 7

Description 
To approve payment of meeting allowances to the Directors up to an amount of RM103,000 for the period from 1 July 2020 to 30 June 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 75 20
No. of Shares 673,481,269 138,364
% of Voted Shares 99.9790 0.0210
Result Accepted

8. Ordinary Resolution 8

Description 
To authorise the issue of shares pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 78 18
No. of Shares 489,818,569 184,076,064
% of Voted Shares 72.6850 27.3150
Result Accepted

9. Ordinary Resolution 9

Description 
Renewal of Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 76 17
No. of Shares 188,874,269 130,364
% of Voted Shares 99.9310 0.0690
Result Accepted

10. Ordinary Resolution 10

Description 
Retention of Dato Capt. Ahmad Sufian @ Qurnain Bin Abdul Rashid as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 77 19
No. of Shares 673,756,020 138,613
% of Voted Shares 99.9790 0.0210
Result Accepted

11. Ordinary Resolution 11

Description 
Retention of Mr Tay Beng Chai as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 79 16
No. of Shares 673,488,520 131,113
% of Voted Shares 99.9810 0.0190
Result Accepted

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