[IBRACO] General on 27-Aug-2021

Stock
[IBRACO]: IBRACO BHD
Announcement Date
30-Jul-2021
Type
General
Date & Time
27-Aug-2021 11:30
Depositor Date
20-Aug-2021
Venue
NO. 6, THE NORTHBANK, OFF KUCHING-SAMARAHAN EXPRESSWAY, 93350 KUCHING SARAWAK
Description
Sarawak has entered Phase Two of the National Recovery Plan (NRP). Following the SOPs, the Annual General Meeting of the Company is now scheduled on 27 August 2021.
IBRACO BHD Amended Notice of AGM (with Proxy Form).pdf
Outcome

The Board of Directors of IBRACO BERHAD are pleased to announce that all resolutions as set out in the Amended Notice of the Forty-Ninth Annual General Meeting (“49 AGM”) dated 30 July, 2021 were duly passed by way of poll at the AGM held on Friday, 27 August, 2021.

The results were validated by Commercial Quest Sdn. Bhd. (Registration No. 199401025328 (311007-M), the Independent Scrutineer appointed by the Company.

This announcement is dated 27 August, 2021.

Voting Results

1. Resolution No. 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 2021 until the next AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 17 0
No. of Shares 155,283,012 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Resolution No. 2

Description 
To re-elect Mr. Ng Cheng Chuan  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 17 0
No. of Shares 155,283,012 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Resolution No. 3

Description 
To re-elect YBhg. Datuk (Dr.) Philip Ting Ding Ing 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 16 0
No. of Shares 153,657,892 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. Resolution No. 4

Description 
To re-elect Mr. Guido Paul Philip Joseph Ravelli 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 17 0
No. of Shares 155,283,012 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Resolution No. 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 17 0
No. of Shares 155,283,012 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Resolution No. 6

Description 
THAT approval be and is hereby given to YBhg. Datuk (Dr.) Philip Ting Ding Ing 
(subject to the passing of Resolution No. 3) who has served as an Independent Non-Executive Director of the Company for a cumulative term of more than nine years to continue to act as an Independent Non-Executive Director of the Company in accordance with the Malaysian Code on Corporate Governance.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 16 0
No. of Shares 153,657,892 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Resolution No. 7

Description 
THAT approval be and is hereby given to Mr. Guido Paul Philip Joseph Ravelli 
(subject to the passing of Resolution No. 4)  who has served as an Independent Non-Executive Director of the Company for a cumulative term of more than nine years to continue to act as an Independent Non-Executive Director of the Company in accordance with the Malaysian Code on Corporate Governance.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 17 0
No. of Shares 155,283,012 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Resolution No. 8

Description 
THAT approval be and is hereby given to Mr Ng Kee Tiong who has served as an Independent Non-Executive Director of the Company for a cumulative term of more than nine years to continue to act as an Independent Non-Executive Director of the Company in accordance with the Malaysian Code on Corporate Governance.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 17 0
No. of Shares 155,283,012 0
% of Voted Shares 100.0000 0.0000
Result Accepted

9. Resolution No. 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 17 0
No. of Shares 155,283,012 0
% of Voted Shares 100.0000 0.0000
Result Accepted

10. Resolution No. 10

Description 
Proposed 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 17 0
No. of Shares 155,283,012 0
% of Voted Shares 100.0000 0.0000
Result Accepted

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