The Board of Directors of FGV Holdings Berhad ("FGV" or "the Company") is pleased to announce the outcome of the Company's 12th Annual General Meeting (AGM) held virtually from its Broadcast Venue on Friday, 19June2020at 11.00 a.m.
All 12 resolutions as set out in the Notice of the 12th AGMdated 28May2020,tabled at the AGM were duly passed.
The Audited Financial Statements of the Company and Group for the financial year ended 31 December 2019 and the Reports of the Directors and Auditors thereon were tabled and receivedat the AGM under Agenda 1.
Voting on all of the resolutions were carried out remotely bye-polling in accordance with Paragraph 8.29A of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
The voting results from the e-poling were validated by Tricor Business Services Sdn Bhd, the Independent Scrutineer appointed by the Company. The details of the voting results of the e-polling are attached herewith.
This announcement is dated 19 June2020.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
To approve the payment of a Final Dividend of 2 sen per ordinary share, under a single-tier system, in respect of the financial year ended 31 December 2019. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 28,323 | 10 |
No. of Shares | 2,339,381,651 | 7,301 |
% of Voted Shares | 99.9997 | 0.0003 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
To approve the payment of Directors' fees for the Non-Executive Chairman (NEC) from 20 June 2020 until the next AGM of FGV at the rate of RM300,000.00 per annum to be paid on a monthly basis. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 28,256 | 68 |
No. of Shares | 2,338,385,471 | 269,181 |
% of Voted Shares | 99.9885 | 0.0115 |
Result | Accepted | |
3. Ordinary Resolution 3 |
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Description |
To approve the payment of Directors' fees for the Non-Executive Directors (NED) from 20 June 2020 until the next AGM of FGV based on the Directors' fee structure to be paid on a monthly basis. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 28,255 | 69 |
No. of Shares | 2,339,070,161 | 282,381 |
% of Voted Shares | 99.9879 | 0.0121 |
Result | Accepted | |
4. Ordinary Resolution 4 |
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Description |
To approve the payment of benefits payable to the NEC based on the Directors' remuneration structure for the period from 20 June 2020 until the next AGM of FGV. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 28,252 | 70 |
No. of Shares | 2,338,353,153 | 300,989 |
% of Voted Shares | 99.9871 | 0.0129 |
Result | Accepted | |
5. Ordinary Resolution 5 |
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Description |
To approve the payment of benefits payable to the NED based on the Directors' remuneration structure for the period from 20 June 2020 until the next AGM of FGV. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 28,252 | 73 |
No. of Shares | 2,339,053,253 | 303,289 |
% of Voted Shares | 99.9870 | 0.0130 |
Result | Accepted | |
6. Ordinary Resolution 6 |
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Description |
To approve the payment of monthly allowance to the Non-Executive Deputy Chairman (NEDC) based on the remuneration structure for the period from 2 March 2020 until the next AGM of FGV. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 28,248 | 77 |
No. of Shares | 2,339,027,324 | 335,089 |
% of Voted Shares | 99.9857 | 0.0143 |
Result | Accepted | |
7. Ordinary Resolution 7 |
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Description |
To re-elect Dr. Mohamed Nazeeb P.Alithambi who retires by rotation in accordance with Clause 97 of the Company's Constitution and who, being eligible, offers himself for re-election. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 28,268 | 55 |
No. of Shares | 2,339,179,775 | 159,277 |
% of Voted Shares | 99.9932 | 0.0068 |
Result | Accepted | |
8. Ordinary Resolution 8 |
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Description |
To re-elect Datuk Mohd Anwar Yahya who retires by rotation in accordance with Clause 97 of the Company's Constitution and who, being eligible, offers himself for re-election. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 28,270 | 54 |
No. of Shares | 2,339,185,275 | 158,977 |
% of Voted Shares | 99.9932 | 0.0068 |
Result | Accepted | |
9. Ordinary Resolution 9 |
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Description |
To re-elect Dr. Nesadurai Kalanithi who retires by rotation in accordance with Clause 97 of the Company's Constitution and who, being eligible, offers herself for re-election. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 28,271 | 54 |
No. of Shares | 2,339,234,159 | 106,993 |
% of Voted Shares | 99.9954 | 0.0046 |
Result | Accepted | |
10. Ordinary Resolution 10 |
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Description |
To re-elect Dr. Zunika Mohamed, who retires in accordance with Clause 103 of the Company's Constitution and who, being eligible, offers herself for re-election. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 28,263 | 65 |
No. of Shares | 2,328,276,075 | 11,086,577 |
% of Voted Shares | 99.5261 | 0.4739 |
Result | Accepted | |
11. Ordinary Resolution 11 |
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Description |
To re-appoint PricewaterhouseCoopers PLT, having consented to act as Auditors of the Company, for the financial year ending 31 December 2020 and to authorise the Board of Directors to determine their remuneration. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 28,299 | 31 |
No. of Shares | 2,338,959,849 | 177,803 |
% of Voted Shares | 99.9924 | 0.0076 |
Result | Accepted | |
12. Ordinary Resolution 12 |
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Description |
Proposed renewal of shareholders' mandate for the existing recurrent related party transactions of a revenue or trading nature for FGV and its Group of Companies (FGV Group) and proposed shareholders' mandate for the new recurrent related party transactions of a revenue or trading nature for FGV Group. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 28,287 | 39 |
No. of Shares | 941,687,380 | 74,672 |
% of Voted Shares | 99.9921 | 0.0079 |
Result | Accepted | |