[SAB] General on 27-Aug-2021

Stock
[SAB]: SOUTHERN ACIDS (M) BHD
Announcement Date
29-Jul-2021
Type
General
Date & Time
27-Aug-2021 11:00
Depositor Date
20-Aug-2021
Venue
Online Meeting Platform via TIIH Online website at https://tiih.online provided by Tricor Investor & Issuing House Services Sdn Bhd
Description
Notice of 40th Annual General Meeting
Southern Acids 2021 - notice and administrative notes.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 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:-

Vote For

Vote Against

Results

No. of Shareholders

No. of Units

%

No. of Shareholders

No. of Units

%

Tier 1

2

44,942,902

100.00

0

0

0

Accepted

Tier 2

104

33,818,924

65.5726

19

17,755,865

34.4274

Accepted

The results of the poll of the SAB 40th AGM isattached herewith.

This announcement is dated 27 August 2021.

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 2021
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

Description 
To approve the payment of Directors' fees amounting to RM551,239 for the financial year ended 31 March 2021
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

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
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

Description 
To re-elect Dr Low Kok Thye 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 108 17
No. of Shares 96,504,026 13,665
% of Voted Shares 99.9858 0.0142
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Madam Leong So Seh 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 107 18
No. of Shares 96,503,926 13,765
% of Voted Shares 99.9857 0.0143
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 110 16
No. of Shares 96,508,019 11,672
% of Voted Shares 99.9879 0.0121
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 2 0
No. of Shares 44,942,902 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Ordinary Resolution 8

Description 
To retain Mr Chung Kin Mun as a Senior Independent Non-Executive Director
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

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 106 19
No. of Shares 78,760,017 17,757,674
% of Voted Shares 81.6016 18.3984
Result Accepted

10. Ordinary Resolution 10

Description 
To approve the 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 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)

Description 
To retain Madam Leong So Seh as an Independent Non-Executive Director
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

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