[KENANGA] General on 11-Jun-2020

Stock
[KENANGA]: KENANGA INVESTMENT BANK BERHAD
Announcement Date
12-May-2020
Type
General
Date & Time
11-Jun-2020 11:00
Depositor Date
05-Jun-2020
Venue
Broadcast Venue at Kenanga Tower, 237, Jalan Tun Razak, 50400 Kuala Lumpur, Wilayah Persekutuan,
Description
The Forty-Sixth (46th) AGM will be conducted on a fully virtual basis through live streaming and online remote voting via the Remote Participation and Voting Facilities which are available at Boardroom's Online website at http://boardroomlimited.my/.
Bursa KIBB Notice of AGM_130520.pdf
Outcome

The Board of Directors of Kenanga Investment Bank Berhad ("KIBB" or "the Company") is pleased to announce that all the ordinary resolutions as set out in the Notice of the Forty-Sixth (46th) Annual General Meeting ("AGM") of KIBB dated 13 May 2020 were duly passed by the shareholders of the Company by way of poll via Remote Participation and Voting at the Forty-Sixth (46th) AGM held on 11 June 2020.

The detailed poll results were verified by Boardroom Corporate Services Sdn Bhd, the Independent Scrutineers appointed by the Company as per attachment and are set out below.

This announcement is dated 11 June 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To re-elect Izlan Izhab as Director of the Company, who retires by rotation in accordance with Clause 78 of the Company's Constitution and being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 140 15
No. of Shares 481,289,478 180,023
% of Voted Shares 99.9626 0.0374
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Datuk Syed Ahmad Alwee Alsree as Director of the Company, who retires by rotation in accordance with Clause 78 of the Company's Constitution and being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 142 16
No. of Shares 481,146,812 371,223
% of Voted Shares 99.9229 0.0771
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Luigi Fortunato Ghirardello as Director of the Company, who retires by rotation in accordance with Clause 78 of the Company's Constitution and being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 139 17
No. of Shares 451,092,571 372,295
% of Voted Shares 99.9175 0.0825
Result Accepted

4. Ordinary Resolution 4

Description 
To approve the payment of Directors' fees totalling RM3,265,068.48 in respect of the Financial Year Ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 124 28
No. of Shares 449,966,062 336,915
% of Voted Shares 99.9252 0.0748
Result Accepted

5. Ordinary Resolution 5

Description 
To approve the payment of benefits payable to the Non-Executive Chairman, 
Non-Executive Deputy Chairman and Non-Executive Directors up to an amount of RM1,300,000.00 from 12 June 2020 until the next AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 119 33
No. of Shares 449,890,797 412,180
% of Voted Shares 99.9085 0.0915
Result Accepted

6. Ordinary Resolution 6

Description 
To re-appoint Messrs. Ernst & Young PLT as External Auditors of the Company for the Financial Year Ending 31 December 2020 and to authorise the Board of Directors to determine their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 146 15
No. of Shares 481,507,317 11,105
% of Voted Shares 99.9977 0.0023
Result Accepted

7. Ordinary Resolution 7

Description 
To approve the authority to Directors to Issue Shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 142 19
No. of Shares 481,010,517 507,905
% of Voted Shares 99.8945 0.1055
Result Accepted

8. Ordinary Resolution 8

Description 
To approve the Proposed Renewal of Share Buy-Back Authority.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 147 13
No. of Shares 481,511,419 6,903
% of Voted Shares 99.9986 0.0014
Result Accepted

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