[HIBISCS] General on 14-Dec-2021

Stock
[HIBISCS]: HIBISCUS PETROLEUM BHD
Announcement Date
02-Dec-2021
Type
General
Date & Time
14-Dec-2021 09:30
Depositor Date
06-Dec-2021
Venue
Broadcast Venue Tricor Business Centre, Gemilang Room Unit 29-01, Level 29, Tower A, Vertical Business Suite Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur
Description
11th Annual General Meeting - In view of the public holiday declared on 3 December 2021, the Date of General Meeting Record of Depositors has now been changed to 6 December 2021. Further details can be found in the attached Notification to Shareholders.
Notification to Shareholders_2 Dec 2021.pdf
Outcome

The Board of Directors ofHibiscus PetroleumBerhad ("Hibiscus Petroleum" or "the Company") wishes to announce that the shareholders of the Company have approved all the resolutions as set out in the Notice of the 11th Annual General Meeting ("11th AGM") dated 29October 2021at the 11th AGM held on Tuesday, 14December 2021.

All the resolutions put to the 11th AGM were decided by way of a poll via Remote Participation and Voting facilities. The results of the poll were validated by Deloitte Business AdvisorySdn. Bhd. (formerly known as Deloitte Risk Advisory Sdn. Bhd.), the Independent Scrutineer appointed by the Company.

Please refer to the attachment for the details of the poll results.

This announcement is dated14 December 2021.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of a final single-tier dividend of 1.0 sen per ordinary share in respect of the financial year ended 30 June 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 429 27
No. of Shares 686,476,555 12,830
% of Voted Shares 99.9981 0.0019
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Non-Executive Directors (NEDs)' fees amounting to RM180,000 per annum to the Chair of the Board and RM110,000 per annum to each NED (save for the Chair of the Board) for the period from 15 December 2021 until the date of the next AGM in year 2022, to be paid quarterly in arrears.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 386 65
No. of Shares 681,518,355 176,630
% of Voted Shares 99.9741 0.0259
Result Accepted

3. Ordinary Resolution 3

Description 
To approve the payment of NEDs' meeting allowances for the period from 15 December 2021 until the date of the next AGM in year 2022 at the following rate (as applicable), to be paid quarterly in arrears:
- RM4,500 for each meeting of the Board and of the Board Committees that a NED attends as Chair of the meeting; or
- RM3,500 for each meeting of the Board and of the Board Committees that a NED attends as a member of the Committee.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 375 77
No. of Shares 685,119,887 652,498
% of Voted Shares 99.9049 0.0951
Result Accepted

4. Ordinary Resolution 4

Description 
To approve payments for additional attendances and time expended by any NED for the Company's purposes (or on behalf of the Company) at meetings and/or third party events involving external parties, in the NED's capacity as a Director of the Company, for the period from 15 December 2021 until the date of the next AGM in year 2022, at the rate of RM3,500 per meeting or event, to be paid quarterly in arrears.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 371 81
No. of Shares 684,584,587 1,187,798
% of Voted Shares 99.8268 0.1732
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Encik Zainul Rahim bin Mohd Zain who is retiring pursuant to Clause 134 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 323 127
No. of Shares 484,053,991 201,964,794
% of Voted Shares 70.5599 29.4401
Result Accepted

6. Ordinary Resolution 6

Description 
To re-appoint Messrs PricewaterhouseCoopers PLT as Auditors of the Company for the financial year ending 30 June 2022 and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 331 120
No. of Shares 478,142,891 200,537,294
% of Voted Shares 70.4519 29.5481
Result Accepted

7. Ordinary Resolution 7

Description 
Authority for the Directors to allot and issue shares pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 387 65
No. of Shares 663,702,575 15,380,710
% of Voted Shares 97.7351 2.2649
Result Accepted

8. Ordinary Resolution 8

Description 
Retention of YBhg Dato' Sri Roushan Arumugam as Independent Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 390 60
No. of Shares 666,005,975 19,632,210
% of Voted Shares 97.1367 2.8633
Result Accepted

Remark
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