[LBS] General on 03-Aug-2021

Stock
[LBS]: LBS BINA GROUP BHD
Announcement Date
29-Jun-2021
Type
General
Date & Time
03-Aug-2021 14:30
Depositor Date
27-Jul-2021
Venue
Broadcast Venue: Function Room, Level 5, Plaza Seri Setia No. 1, Jalan SS9/2, 47300 Petaling Jaya Selangor Darul Ehsan
Description
LBS Bina Group Berhad ("LBS") Notice of the Postponed 21st Annual General Meeting ("Postponed 21st AGM") The Postponed 21st AGM of LBS will be held on a virtual basis through live streaming and online remote voting at the Broadcast Venue.
Postponed AGM Notice and Admin Guide (Bursa).pdf
Outcome

The Board of Directors of LBS Bina Group Berhad (“Company” or “LBGB”) wishes to announce that the shareholders of the Company have approved all the resolutions as set out in the Notice of the PostponedTwenty-FirstAnnual General Meeting dated 30 June 2021held on a fully virtual basis through the Online Meeting Platform via the TIIH Online website at https://tiih.online using the Remote Participation and Voting facilities provided by Tricor Investor & Issuing House Services Sdn. Bhd. in Malaysia.on Tuesday, 3 August 2021at 2.30 p.m.


All the resolutions were voted by poll and the results of the poll were validated by Asia Securities Sdn Berhad, the Independent Scrutineer appointed by the Company. Details of the said results are set outbelow.


In connection thereto, the Single-Tier First and Final Dividend of 1.45 sen per ordinary share for the financial year ended 31 December 2020 will be paid on 22 September 2021to depositors registered in the Record of Depositors on 27 August 2021.


This announcement is dated 3 August 2021.

Voting Results

1. Resolution 1

Description 
To approve the payment of a Single-Tier First and Final Dividend of 1.45 sen per ordinary share for the financial year ended 31 December 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 168 16
No. of Shares 1,011,742,925 17,331
% of Voted Shares 99.9983 0.0017
Result Accepted

2. Resolution 2

Description 
To approve the payment of Directors Fees of RM173,400 for the financial year ended 31 December 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 160 22
No. of Shares 1,011,717,132 41,986
% of Voted Shares 99.9959 0.0041
Result Accepted

3. Resolution 3

Description 
To approve the payment of Directors Fees, allowances and benefits-in-kind to the Directors of the Company up to an amount of RM2.0 million, for the period from the conclusion of the Postponed 21st Annual General Meeting to the next Annual General Meeting in 2022.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 124 32
No. of Shares 377,294,406 138,686
% of Voted Shares 99.9633 0.0367
Result Accepted

4. Resolution 4

Description 
To re-elect the Director, Tan Sri Dato' Sri Lim Hock San, JP who retires in accordance with Clause 100 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 163 19
No. of Shares 1,011,738,989 18,134
% of Voted Shares 99.9982 0.0018
Result Accepted

5. Resolution 5

Description 
To re-elect the Director, Datuk Lim Si Cheng who retires in accordance with Clause 100 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 162 21
No. of Shares 1,011,740,537 18,586
% of Voted Shares 99.9982 0.0018
Result Accepted

6. Resolution 6

Description 
To re-elect the Director, Datuk Lim Tong Lee who retires in accordance with Clause 100 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 162 21
No. of Shares 1,011,740,537 18,586
% of Voted Shares 99.9982 0.0018
Result Accepted

7. Resolution 7

Description 
To re-elect the Director, Dato' Lim Han Boon who retires in accordance with Clause 106 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 162 21
No. of Shares 1,011,740,537 18,586
% of Voted Shares 99.9982 0.0018
Result Accepted

8. Resolution 8

Description 
To re-elect the Director, Mr Lim Kim Kiat who retires in accordance with Clause 106 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 158 24
No. of Shares 880,950,499 130,126,558
% of Voted Shares 87.1299 12.8701
Result Accepted

9. Resolution 9

Description 
To re-appoint Messrs. UHY as Auditors and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 163 20
No. of Shares 1,011,741,081 18,042
% of Voted Shares 99.9982 0.0018
Result Accepted

10. Resolution 10

Description 
Authority to issue shares pursuant to Sections 75 & 76 of the Companies Act, 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 160 23
No. of Shares 1,011,740,567 18,556
% of Voted Shares 99.9982 0.0018
Result Accepted

11. Resolution 11

Description 
Proposed shareholders' mandate for recurrent related party transactions of a revenue or trading nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 124 21
No. of Shares 132,147,024 17,894
% of Voted Shares 99.9865 0.0135
Result Accepted

12. Resolution 12

Description 
Proposed renewal of Share Buy-Back authority.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 164 18
No. of Shares 1,011,741,486 17,437
% of Voted Shares 99.9983 0.0017
Result Accepted

Remark
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