[AFFIN] General on 27-Jul-2020

Stock
[AFFIN]: AFFIN BANK BERHAD
Announcement Date
25-Jun-2020
Type
General
Date & Time
27-Jul-2020 14:30
Depositor Date
20-Jul-2020
Venue
Level 18, Menara Affin, 80, Jalan Raja Chulan, 50200 Kuala Lumpur
Description
Notice of 44th Annual General Meeting (AGM) - The 44th AGM of Affin Bank Berhad will be conducted virtually through live streaming from the Broadcast Venue and via Remote Participation and Voting (RPV) facilities available at https://tiih.online
Notice of AGM-Proxy Form-Administrative Notes.pdf
Outcome

The Board of Directors of Affin Bank Berhad(the "Company") wishes to announce that all the resolutions set out in the Notice of the 44th Annual General Meeting ("AGM") of the Company dated 26June 2020were duly passed by the shareholders of the Company at the 44th AGMheld on 27 July 2020.

The Audited Financial Statements of the Company for the financial year ended 31 December 2019 and the Reports of the Directors and Auditors thereon were received and duly tabled at the 44thAGM under Agenda 1.

All the resolutions were voted by pollin accordance with Paragraph 8.29A of the Main Market Listing Requirements ofBursa Malaysia Securities Berhadand the results of the poll were validated by Messrs. Asia Securities Sdn Bhd, the independent scrutineers appointed by the Company.

Please refer to the attachment for the detailed poll results.

This announcement is dated 27July2020.

Voting Results

1. Resolution 1

Description 
To re-elect Dato' Mohd Hata bin Robani who retires by rotation pursuant to Article 118 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 361 45
No. of Shares 1,751,259,689 135,166
% of Voted Shares 99.9923 0.0077
Result Accepted

2. Resolution 2

Description 
To re-elect Dato' Abdul Aziz bin Abu Bakar who retires by rotation pursuant to Article 118 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 341 64
No. of Shares 1,743,333,664 8,060,191
% of Voted Shares 99.5398 0.4602
Result Accepted

3. Resolution 3

Description 
To re-elect Dato' Md Agil bin Mohd Natt who retires pursuant to Article 124 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 360 45
No. of Shares 1,751,258,689 135,166
% of Voted Shares 99.9923 0.0077
Result Accepted

4. Resolution 4

Description 
To re-elect Mr. Yuen Peter Wai Hung who retires pursuant to Article 124 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 361 45
No. of Shares 1,750,528,692 866,163
% of Voted Shares 99.9505 0.0495
Result Accepted

5. Resolution 5

Description 
To re-elect Pn. Marzida binti Mohd Noor who retires pursuant to Article 124 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 362 44
No. of Shares 1,751,259,690 135,165
% of Voted Shares 99.9923 0.0077
Result Accepted

6. Resolution 6

Description 
To re-elect Mr. Gregory Jerome Gerald Fernandes who retires pursuant to Article 124 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 362 43
No. of Shares 1,751,260,792 132,763
% of Voted Shares 99.9924 0.0076
Result Accepted

7. Resolution 7

Description 
To approve the payment of Directors' Fees, other emoluments and benefits amounting to RM2,664,000.00 for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 329 73
No. of Shares 1,751,213,884 178,321
% of Voted Shares 99.9898 0.0102
Result Accepted

8. Resolution 8

Description 
To approve the following fees to Non-Executive Directors for the period from the 44th AGM to the 45th AGM of the Company:-
(a) Chairman's fee - RM160,000 per annum;
(b) Director's fee - RM130,000 per annum for each Non-Executive Director;
(c) Board Committee Chairman's fee - RM40,000 per annum; and
(d) Board Committee Member's fee - RM35,000 per annum for each member of Board Committee.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 330 72
No. of Shares 1,751,217,234 178,121
% of Voted Shares 99.9898 0.0102
Result Accepted

9. Resolution 9

Description 
To approve an amount of up to RM1.4 million as benefits payable to eligible Non-Executive Directors from 44th AGM to 45th AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 331 72
No. of Shares 1,750,998,533 164,579
% of Voted Shares 99.9906 0.0094
Result Accepted

10. Resolution 10

Description 
To re-appoint Messrs PricewaterhouseCoopers PLT as the Company's Auditors for the financial year ending 31 December 2020 and to authorise the Directors to fix the Auditors' remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 371 37
No. of Shares 1,751,315,032 84,223
% of Voted Shares 99.9952 0.0048
Result Accepted

11. Resolution 11

Description 
Authority for Directors to Allot and Issue New Ordinary Shares in Affin Bank Berhad
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 355 52
No. of Shares 1,751,258,189 140,066
% of Voted Shares 99.9920 0.0080
Result Accepted

12. Resolution 12

Description 
Allotment and Issuance of New Ordinary Shares of Affin Bank Berhad ("ABB Shares") in relation to the Dividend Reinvestment Plan by the Company that gives the Shareholders of the Company the Option to Reinvest their whole or a portion of the Dividend for which the Reinvestment Option applies in New ABB Shares ("Dividend Reinvestment Plan")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 361 47
No. of Shares 1,751,303,779 95,476
% of Voted Shares 99.9945 0.0055
Result Accepted

13. Resolution 13

Description 
Proposed Renewal of Shareholders' Mandate and Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature ("Proposed Shareholders' Mandate")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 357 44
No. of Shares 637,917,873 88,224
% of Voted Shares 99.9862 0.0138
Result Accepted

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