[LCTITAN] General on 27-Apr-2021

Stock
[LCTITAN]: LOTTE CHEMICAL TITAN HOLDING BERHAD
Announcement Date
26-Mar-2021
Type
General
Date & Time
27-Apr-2021 10:30
Depositor Date
20-Apr-2021
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
Notice of Annual General Meeting
Notice of AGM_Administrative Notes.pdf
Outcome

The Board of Directors of Lotte Chemical Titan Holding Berhad (“Company”) wishes to announce that all the resolutions as set out in the Notice of 2021 Annual General Meeting (“AGM”) of the Company dated 29 March 2021were duly passed by the shareholders at the AGM of the Company held today by way of poll voting.

The results of the poll were validated by Quantegic Services Sdn. Bhd., the independent scrutineer appointed by the Company.

The details of the poll results are set out belowas per the attachment.

This announcement is dated 27 April 2021.

Voting Results

1. Ordinary Resolution 1

Description 
To re-elect Tan Sri Datuk (Dr.) Rafiah binti Salim who is retiring pursuant to Clause 100 of the Company's Constitution as Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 611 82
No. of Shares 1,852,078,059 7,743,325
% of Voted Shares 99.5837 0.4163
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Park Hyun Chul who is retiring pursuant to Clause 107 of the Company's Constitution as Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 623 71
No. of Shares 1,856,343,196 3,477,788
% of Voted Shares 99.8130 0.1870
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Lee Jung Hyeng who is retiring pursuant to Clause 107 of the Company's Constitution as Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 615 79
No. of Shares 1,854,277,799 5,543,184
% of Voted Shares 99.7020 0.2980
Result Accepted

4. Ordinary Resolution 4

Description 
To approve the payment of Directors' Fees amounting to RM780,000 for the financial year ending 31 December 2021
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 596 92
No. of Shares 1,858,666,469 1,091,915
% of Voted Shares 99.9413 0.0587
Result Accepted

5. Ordinary Resolution 5

Description 
To approve the payment of Directors' remuneration and benefits (excluding Directors' Fees) to the Independent Non-Executive Directors up to an amount of RM179,000 with effect from 2021 Annual General Meeting until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 578 106
No. of Shares 1,857,356,549 2,395,335
% of Voted Shares 99.8712 0.1288
Result Accepted

6. Ordinary Resolution 6

Description 
To re-appoint Messrs KPMG PLT as Auditors of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 611 80
No. of Shares 1,853,271,049 6,546,235
% of Voted Shares 99.6480 0.3520
Result Accepted

7. Ordinary Resolution 7

Description 
Proposed renewal of existing Shareholders' Mandate for recurrent related party transactions of a revenue or trading in nature and contracts entered into from time to time which are necessary or would facilitate the day-to-day operations.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 614 75
No. of Shares 129,334,891 1,036,293
% of Voted Shares 99.2051 0.7949
Result Accepted

8. Ordinary Resolution 8

Description 
Proposed renewal of the authority to allot and issue new ordinary shares in the Company ("LCT Shares") in relation to the Dividend Reinvestment Scheme that provides the Shareholders of the Company an option to elect to reinvest their cash dividend in new LCT Shares
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 615 79
No. of Shares 1,852,692,849 7,128,135
% of Voted Shares 99.6167 0.3833
Result Accepted

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