[SAB] General on 25-Sep-2020

Stock
[SAB]: SOUTHERN ACIDS (M) BHD
Announcement Date
25-Aug-2020
Type
General
Date & Time
25-Sep-2020 11:00
Depositor Date
17-Sep-2020
Venue
Function Room 1, Setia City Convention Centre No 1, Jalan Setia Dagang AG U13/AG Setia Alam, Seksyen U13 40170 Shah Alam, Selangor
Description
Notice of the 39th Annual General Meeting
Southern Acids 2020 - Notice (final).pdf
Outcome

The Board of Directors of Southern Acids (M) Berhad ("SAB" or "the Company") wishes to announce that all the resolutions as set out in the Notice of Thirty-Ninth Annual General Meeting ("39th AGM") dated 26 August 2020were duly passed by the shareholders of SAB at the 39th AGM held today, 25 September 2020.

All the resolutions were voted by poll and the results of the poll were validated by Messrs Asia Securities Sdn Berhad, the Independent Scrutineer appointed by the Company.

The details of the polling results are set out below.

This announcement is dated 25 September 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Single Tier Final Dividend of 5 sen per ordinary share in respect of the financial year ended 31 March 2020
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 86 1
No. of Shares 103,358,335 1
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors' fees amounting to RM563,667 for the financial year ended 31 March 2020
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 86 1
No. of Shares 103,358,335 1
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Ordinary Resolution 3

Description 
To approve the payment of Directors' benefits payable up to an amount of RM125,000 for the period from 26 September 2020 until the next AGM of the Company to be held in 2021
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 86 1
No. of Shares 103,358,335 1
% of Voted Shares 100.0000 0.0000
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Mr Lim Kim Long as Director of the Company in accordance with Clause 113 of the Company's Constitution
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 87 1
No. of Shares 103,358,435 1
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Mr Chung Kin Mun as Director of the Company in accordance with Clause 113 of the Company's Constitution
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 87 1
No. of Shares 103,358,435 1
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Ordinary Resolution 6

Description 
To re-appoint Deloitte PLT as Auditors to hold office until the conclusion of the next AGM at a remuneration to be fixed by the Directors
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 87 1
No. of Shares 103,358,435 1
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Ordinary Resolution 7

Description 
To retain Madam Leong So Seh as an Independent Non-Executive Director
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 85 3
No. of Shares 85,510,235 17,848,201
% of Voted Shares 82.7317 17.2683
Result Accepted

8. Ordinary Resolution 8

Description 
To approve the Authority to issue Shares pursuant to Sections 75 and 76 of the Companies Act, 2016
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 85 2
No. of Shares 85,510,235 101
% of Voted Shares 99.9999 0.0001
Result Accepted

9. Ordinary Resolution 9

Description 
To approve the Proposed Renewal of Shareholders Mandate for Existing Recurrent Related Party Transactions of a Revenue or Trading Nature
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 69 2
No. of Shares 34,536,965 101
% of Voted Shares 99.9997 0.0003
Result Accepted

10. Ordinary Resolution 10

Description 
To approve the 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 70 1
No. of Shares 34,537,065 1
% of Voted Shares 100.0000 0.0000
Result Accepted

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