[IBRACO] General on 21-Aug-2020

Stock
[IBRACO]: IBRACO BHD
Announcement Date
29-Jun-2020
Type
General
Date & Time
21-Aug-2020 11:30
Depositor Date
14-Aug-2020
Venue
No. 6 The NorthBank Off Kuching-Samarahan Expressway 93350 Kuching Sarawak
Description
IBRACO BERHAD ("THE COMPANY") - Notice of the Forty-Eighth Annual General Meeting
Ibraco Notice of AGM.pdf
Outcome

The Board of Directors of IBRACO BERHAD are pleased to announce that all resolutions as set out in the Notice of the Forty-Eighth Annual General Meeting (“AGM”) dated 29 June, 2020 were duly passed by way of poll at the AGM held on Friday, 21 August, 2020.

The results were validated by Commercial Quest Sdn. Bhd. (Company No.: 311007-M), the Independent Scrutineer appointed by the Company.

This announcement is dated 21 August, 2020.

Voting Results

1. RESOLUTION 1

Description 
To approve the payment of Directors fees of up to RM1,000,000 and benefits payable to the Directors up to an aggregate amount of RM60,000 from 1 January 2020 until the next AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 19 0
No. of Shares 164,696,792 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. RESOLUTION 2

Description 
To re-elect YBhg. Datuk Chew Chiaw Han who is retiring by rotation in accordance with Article 93 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 19 0
No. of Shares 164,696,792 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. RESOLUTION 3

Description 
To re-elect Puan Sharifah Deborah Sophia Ibrahim who is retiring by rotation in accordance with Article 93 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 19 0
No. of Shares 164,696,792 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. RESOLUTION 4

Description 
To re-elect Mr. Ng Kee Tiong who is retiring by rotation in accordance with Article 93 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 19 0
No. of Shares 164,696,792 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. RESOLUTION 5

Description 
To re-appoint Messrs. Ernst & Young PLT as the Auditors of the Company until the conclusion of the next AGM and to authorise the Directors to determine their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 19 0
No. of Shares 164,696,792 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. RESOLUTION 6

Description 
That YBhg. Datuk (Dr) Philip Ting Ding Ing who have served as Independent Non-Executive Director of the Company for a cumulative term of more than nine years, be hereby retained as an independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 19 0
No. of Shares 164,696,792 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. RESOLUTION 7

Description 
That Mr. Guido Paul Philip Joseph Ravelli who have served as Independent Non-Executive Director of the Company for a cumulative term of more than nine years, be hereby retained as an independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 19 0
No. of Shares 164,696,792 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. RESOLUTION 8

Description 
That subject to the passing of Resolution 4, That Mr. Ng Kee Tiong  who have served as Independent Non-Executive Director of the Company for a cumulative term of more than nine years, be hereby retained as an independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 19 0
No. of Shares 164,696,792 0
% of Voted Shares 100.0000 0.0000
Result Accepted

9. RESOLUTION 9

Description 
Authority to Allot and Issue Shares Pursuant to Sections 75  & 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 19 0
No. of Shares 164,696,792 0
% of Voted Shares 100.0000 0.0000
Result Accepted

10. RESOLUTION 10

Description 
Proposed Shareholders Mandate for Recurrent Related Party Transactions of A Revenue or Trading Nature Involving Ibraco Berhad and Its Subsidiaries (Ibraco Group) and Directors and Major Shareholders of Ibraco Berhad and Persons Connected With Them.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 19 0
No. of Shares 164,696,792 0
% of Voted Shares 100.0000 0.0000
Result Accepted

Remark
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Annual Report on 31-Dec-2023.

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