[HIBISCS] General on 02-Dec-2020

Stock
[HIBISCS]: HIBISCUS PETROLEUM BHD
Announcement Date
28-Oct-2020
Type
General
Date & Time
02-Dec-2020 09:30
Depositor Date
24-Nov-2020
Venue
Broadcast Venue Tricor Business Centre, Manuka 2 & 3 Meeting Room Unit 29-01, Level 29, Tower A, Vertical Business Suite Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur
Description
10th Annual General Meeting
Hibiscus - Notice of AGM.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 10th Annual General Meeting ("10th AGM") dated 30 October 2020 at the 10th AGM held on Wednesday, 2 December 2020.

All the resolutions put to the 10th AGM were decided by way of a poll via Remote Participation and Voting facilities. The results of the poll were validated by 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 dated2 December 2020.

Voting Results

1. ORDINARY RESOLUTION 1

Description 
To approve the payment of Directors' fees amounting to RM120,000 per annum to the Chair of the Board and RM100,000 per annum to each Non-Executive Director (NED) (save for the Chair of the Board) for the period from 3 December 2020 until the date of the next AGM in year 2021, to be paid quarterly in arrears.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 177 40
No. of Shares 332,770,293 381,708
% of Voted Shares 99.8854 0.1146
Result Accepted

2. ORDINARY RESOLUTION 2

Description 
To approve the payment of Directors' meeting allowances for the period from 3 December 2020 until the date of the next AGM in year 2021 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 171 45
No. of Shares 332,401,793 749,708
% of Voted Shares 99.7750 0.2250
Result Accepted

3. ORDINARY RESOLUTION 3

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 3 December 2020 until the date of the next AGM in year 2021, 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 173 44
No. of Shares 331,815,293 1,331,808
% of Voted Shares 99.6002 0.3998
Result Accepted

4. ORDINARY RESOLUTION 4

Description 
To re-elect YBhg Dato' Sri Roushan Arumugam who is retiring pursuant to Clause 134 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 190 27
No. of Shares 332,944,493 201,608
% of Voted Shares 99.9395 0.0605
Result Accepted

5. ORDINARY RESOLUTION 5

Description 
To re-elect YBhg Dato' Dr Zaha Rina Zahari who is retiring pursuant to Clause 134 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 191 25
No. of Shares 332,791,993 328,108
% of Voted Shares 99.9015 0.0985
Result Accepted

6. ORDINARY RESOLUTION 6

Description 
To re-elect Dr Kenneth Gerard Pereira who is retiring pursuant to Clause 125 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 196 20
No. of Shares 333,062,093 58,008
% of Voted Shares 99.9826 0.0174
Result Accepted

7. ORDINARY RESOLUTION 7

Description 
To re-appoint Messrs PricewaterhouseCoopers PLT as Auditors of the Company for the  financial year ending 30 June 2021 and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 197 19
No. of Shares 333,075,493 44,608
% of Voted Shares 99.9866 0.0134
Result Accepted

8. ORDINARY RESOLUTION 8

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 180 36
No. of Shares 324,472,093 6,299,008
% of Voted Shares 98.0957 1.9043
Result Accepted

9. ORDINARY RESOLUTION 9

Description 
Retention of YBhg Dato' Sri Roushan Arumugam as Independent Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 189 27
No. of Shares 332,940,593 179,508
% of Voted Shares 99.9461 0.0539
Result Accepted

Remark
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