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 Fortieth Annual General Meeting ("40th AGM") dated 29 July 2021were duly passed by the shareholders of SAB at the 40th AGM heldtoday, 27 August 2021. All the resolutions tabled were approved by way of voting on poll.The results of the poll were validated by Messrs Asia Securities Sdn Berhad, the Independent Scrutineer appointed by the Company. The Ordinary Resolution 7 wasvoted through a two-tier voting process, resultsas follows:-
The results of the poll of the SAB 40th AGM isattached herewith. This announcement is dated 27 August 2021. |
Voting Results |
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1. Ordinary Resolution 1 |
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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 2021 |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 113 | 13 |
No. of Shares | 96,508,577 | 11,114 |
% of Voted Shares | 99.9885 | 0.0115 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
To approve the payment of Directors' fees amounting to RM551,239 for the financial year ended 31 March 2021 |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 103 | 22 |
No. of Shares | 96,504,408 | 13,283 |
% of Voted Shares | 99.9862 | 0.0138 |
Result | Accepted | |
3. Ordinary Resolution 3 |
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Description |
To approve the payment of Directors' benefits payable up to an amount of RM125,000 for the period from 28 August 2021 until the next AGM of the Company to be held in 2022 |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 101 | 24 |
No. of Shares | 96,504,399 | 13,292 |
% of Voted Shares | 99.9862 | 0.0138 |
Result | Accepted | |
4. Ordinary Resolution 4 |
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Description |
To re-elect Dr Low Kok Thye as Director of the Company in accordance with Clause 113 of the Company's Constitution |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 108 | 17 |
No. of Shares | 96,504,026 | 13,665 |
% of Voted Shares | 99.9858 | 0.0142 |
Result | Accepted | |
5. Ordinary Resolution 5 |
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Description |
To re-elect Madam Leong So Seh as Director of the Company in accordance with Clause 113 of the Company's Constitution |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 107 | 18 |
No. of Shares | 96,503,926 | 13,765 |
% of Voted Shares | 99.9857 | 0.0143 |
Result | Accepted | |
6. Ordinary Resolution 6 |
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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 |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 110 | 16 |
No. of Shares | 96,508,019 | 11,672 |
% of Voted Shares | 99.9879 | 0.0121 |
Result | Accepted | |
7. Ordinary Resolution 7 |
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Description |
To retain Madam Leong So Seh as an Independent Non-Executive Director |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 2 | 0 |
No. of Shares | 44,942,902 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
8. Ordinary Resolution 8 |
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Description |
To retain Mr Chung Kin Mun as a Senior Independent Non-Executive Director |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 104 | 21 |
No. of Shares | 78,759,824 | 17,757,867 |
% of Voted Shares | 81.6014 | 18.3986 |
Result | Accepted | |
9. Ordinary Resolution 9 |
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Description |
To approve the Authority to issue Shares pursuant to Sections 75 and 76 of the Companies Act, 2016 |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 106 | 19 |
No. of Shares | 78,760,017 | 17,757,674 |
% of Voted Shares | 81.6016 | 18.3984 |
Result | Accepted | |
10. Ordinary Resolution 10 |
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Description |
To approve the Proposed Renewal of Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 92 | 18 |
No. of Shares | 28,179,591 | 13,772 |
% of Voted Shares | 99.9512 | 0.0488 |
Result | Accepted | |
11. Ordinary Resolution 7 (Tier 2) |
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Description |
To retain Madam Leong So Seh as an Independent Non-Executive Director |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 104 | 19 |
No. of Shares | 33,818,924 | 17,755,865 |
% of Voted Shares | 65.5726 | 34.4274 |
Result | Accepted | |