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 |
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1. Ordinary Resolution 1 |
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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. |
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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 |
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Description |
To re-elect Mr Ang Ah Leck who is retiring by rotation pursuant to Clause 100 of the Company's Constitution. |
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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 |
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Description |
To re-elect Ms Park Jae Sun who is retiring by rotation pursuant to Clause 107 of the Company's Constitution. |
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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 |
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Description |
To approve the payment of Directors' Fees amounting to RM780,000 for the financial year ending 31 December 2020 |
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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 |
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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. |
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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 |
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Description |
To appoint auditors and to authorise the Directors to determine their remuneration. |
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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 |
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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. |
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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 | |