[MBMR] General on 23-Jun-2020

Stock
[MBMR]: MBM RESOURCES BHD
Announcement Date
21-May-2020
Type
General
Date & Time
23-Jun-2020 14:00
Depositor Date
16-Jun-2020
Venue
Broadcast Venue 23-01, Level 23, Menara MBMR 1 Jalan Syed Putra 58000 Kuala Lumpur
Description
Notice of the 26th Annual General Meeting The 26th Annual General Meeting of the Company will be conducted entirely through live streaming from the Broadcast Venue with Remote Participation and Voting Facilities.
MBMR Notice of 26th AGM.pdf
Outcome

The Board of Directors of MBM Resources Berhad ("MBMR") is pleased to announce that the resolutions set out in the Notice of Twenty-Sixth Annual General Meeting ("26th AGM") dated 22 May 2020were duly passed at the 26th AGM of MBMR held on 23 June 2020.

The voting on the resolutions was carried out by way of poll and the results were validated by Asia Securities Sdn Bhd, theindependent scrutineer appointed by MBMR.

Details of the results of the poll onthe resolutions are set out below.

Voting Results

1. 1

Description 
To re-elect Mr Low Hin Choong, who retires pursuant to Clause 76(3) of the Company's Constitution as Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 142 30
No. of Shares 249,236,923 4,348,134
% of Voted Shares 98.2850 1.7150
Result Accepted

2. 2

Description 
To re-elect Dato Anwar Bin Haji @ Aji, who retires pursuant to Clause 76(3) of the Company's Constitution as Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 168 10
No. of Shares 254,736,779 35,378
% of Voted Shares 99.9860 0.0140
Result Accepted

3. 3

Description 
To declare a single tier final dividend of 9.0 sen per ordinary share for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 175 4
No. of Shares 254,773,622 1,300
% of Voted Shares 99.9990 0.0010
Result Accepted

4. 4

Description 
To approve the payment of Directors' fees of RM551,000 for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 163 12
No. of Shares 253,110,962 12,245
% of Voted Shares 99.9950 0.0050
Result Accepted

5. 5

Description 
To approve the payment of Directors' fees up to an amount of RM900,000 from 1 January 2020 until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 160 15
No. of Shares 253,104,097 19,110
% of Voted Shares 99.9920 0.0080
Result Accepted

6. 6

Description 
To approve the payment of benefits payable to the Directors up to an amount of RM500,000 from this 26th Annual General Meeting until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 160 14
No. of Shares 253,104,097 16,345
% of Voted Shares 99.9940 0.0060
Result Accepted

7. 7

Description 
To approve the payment of meeting attendance allowance of RM1,500 per meeting for each Non-Executive Director from this 26th Annual General Meeting until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 160 14
No. of Shares 253,103,497 16,945
% of Voted Shares 99.9930 0.0070
Result Accepted

8. 8

Description 
To re-appoint Messrs Deloitte PLT as Auditors of the Company and to authorise the Directors of the Company to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 172 7
No. of Shares 254,770,222 4,700
% of Voted Shares 99.9980 0.0020
Result Accepted

9. 9

Description 
Proposed renewal of shareholders' mandate for the authority to the Company to purchase its own shares of up to ten per centum (10%) of the total number of issued shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 171 6
No. of Shares 254,765,180 3,777
% of Voted Shares 99.9990 0.0010
Result Accepted

10. 10

Description 
Proposed renewal of shareholders' mandate for the Company and/or its subsidiaries to enter into recurrent related party transactions of a revenue or trading nature with related parties.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 169 9
No. of Shares 254,765,079 7,078
% of Voted Shares 99.9970 0.0030
Result Accepted

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