[LCTITAN] General on 29-Jun-2020

Stock
[LCTITAN]: LOTTE CHEMICAL TITAN HOLDING BERHAD
Announcement Date
29-May-2020
Type
General
Date & Time
29-Jun-2020 14:30
Depositor Date
22-Jun-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
Notification to Shareholders of a fully virtual 2020 Annual General Meeting of Lotte Chemical Titan Holding Berhad at the Broadcast Venue and via Remote Participation and Voting Facilities. The date and time remain unchanged.
Notification and Revised 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 2020 Annual General Meeting (“AGM”) of the Company dated 17 April 2020were 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 29 June 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To re-elect Tan Sri Dato' Abdul Rahman bin Mamat who is retiring by rotation pursuant to Clause 100 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 280 63
No. of Shares 1,832,613,120 62,584,946
% of Voted Shares 96.6980 3.3020
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Mr Ang Ah Leck who is retiring by rotation pursuant to Clause 100 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 287 51
No. of Shares 1,887,275,220 3,529,246
% of Voted Shares 99.8130 0.1870
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Ms Park Jae Sun who is retiring by rotation pursuant to Clause 107 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 294 49
No. of Shares 1,893,550,520 1,814,546
% of Voted Shares 99.9040 0.0960
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 2020
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 272 70
No. of Shares 1,894,812,919 544,147
% of Voted Shares 99.9710 0.0290
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 2020 Annual General Meeting until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 270 71
No. of Shares 1,894,826,614 515,152
% of Voted Shares 99.9730 0.0270
Result Accepted

6. Ordinary Resolution 6

Description 
To appoint auditors and to authorise the Directors to determine their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 300 44
No. of Shares 1,894,319,921 1,098,045
% of Voted Shares 99.9420 0.0580
Result Accepted

7. Ordinary Resolution 7

Description 
Proposed renewal of the existing shareholders' mandate and proposed new shareholders' mandate for additional 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 293 48
No. of Shares 165,532,620 2,041,346
% of Voted Shares 98.7820 1.2180
Result Accepted

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