[HIBISCS] AGM on 04-Dec-2019

Stock
[HIBISCS]: HIBISCUS PETROLEUM BHD
Announcement Date
30-Oct-2019
Type
AGM
Date & Time
04-Dec-2019 09:30
Depositor Date
26-Nov-2019
Venue
Sabah Room, Basement II Shangri-La Hotel, Kuala Lumpur 11, Jalan Sultan Ismail 50250 Kuala Lumpur
Description
9th Annual General Meeting
HPB - 9th AGM Notice.pdf
Outcome

Hibiscus Petroleum Berhad ("the Company") is pleased to announce that the resolutions as set out in the Notice of the 9th Annual General Meeting ("9th AGM") of the Company dated 31 October 2019were duly approved by shareholders of the Company by way of poll at the 9th AGM of the Company held on Wednesday, 4 December 2019. The results of the poll were validated by Deloitte Risk AdvisorySdn. Bhd., the independent scrutineers appointed by the Company.

The details of the poll results are set out below.

This announcement is dated 4 December 2019.

Voting Results

Resolution Vote in favour Vote Against Results
No. of Shares % No. of Shares % 
Ordinary Resolution 1
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 5 December 2019 until the date of the next AGM in year 2020, to be paid quarterly in arrears.
647,551,221 99.986000 92,300 0.014000 Carried 
Ordinary Resolution 2
To approve the payment of Directors    meeting allowances for the period from 5 December 2019 until the date of the next AGM in year 2020 at the following rate (as applicable), to be paid quarterly in arrears: 

o	RM4,500 for each meeting of the Board and of the Board Committees that a NED attends as Chair of the meeting; or 
o	RM3,500 for each meeting of the Board and of the Board Committees that a NED attends as a member of the Committee.
645,016,571 99.594000 2,628,450 0.406000 Carried 
Ordinary Resolution 3
To approve the 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 5 December 2019 until the date of the next AGM in year 2020, at the rate of RM3,500 per meeting or event, to be paid quarterly in arrears.
645,633,571 99.592000 2,648,050 0.408000 Carried 
Ordinary Resolution 4
To re-elect Mr Thomas Michael Taylor who is retiring pursuant to Clause 134 of the Constitution of the Company.
650,876,521 99.729000 1,770,100 0.271000 Carried 
Ordinary Resolution 5
To re-appoint Messrs PricewaterhouseCoopers PLT as Auditors of the Company for the financial year ending 30 June 2020 and to authorise the Directors to fix their remuneration.
652,431,871 99.967000 214,750 0.033000 Carried 
Ordinary Resolution 6
Authority for the Directors to allot and issue shares pursuant to Sections 75 and 76 of the Companies Act 2016.
648,870,071 99.421000 3,776,550 0.579000 Carried 
Ordinary Resolution 7
Retention of Dato' Sri Roushan Arumugam as Independent Director.
650,907,171 99.734000 1,734,450 0.266000 Carried
Remark
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