[BORNOIL] General on 16-Dec-2020

Stock
[BORNOIL]: BORNEO OIL BHD
Announcement Date
28-Oct-2020
Type
General
Date & Time
16-Dec-2020 10:00
Depositor Date
08-Dec-2020
Venue
Lot 27, Jalan Kolam Luyang, 88300, Kota Kinabalu, Sabah
Description
Borneo Oil Berhad Notice of 36th Annual General Meeting which will be conducted through live streaming, Virtual Meeting from the Broadcast Venue as indicated below.
BOB - Notice of 36th AGM and Administrative Details.pdf
Outcome

The Board of Directors of Borneo Oil Berhad ("BOB" or "the Company") is pleased to announce that all the 9 resolutions as prescribed in the Notice of the Annual General Meeting ("AGM") of the Company dated 30 October 2020 was duly passed and approved by the shareholders of the Company by way of poll via remote participation and voting at the 36th AGM of the Company held on 16th December 2020.

The results of the poll werevalidated by Leou Associates PLT, the independent scrutineer appointed by the Company.

Details of the poll results for Resolutions 6 and 7 are as follows:-

Resolution Total Votes For Total Vote Against Results
No. of Shares % No. of Shares %

Ordinary Resolution 6

To approve the continuation in office of Mr. Tan Kok Chor as the Independent Non-Executive Director (tenure more than 12 years).

 Tier 1 1,264,608,250 100.0000 0 0.0000 Accepted
Tier 2 629,410,204 99.9885 72,604 0.0115

Ordinary Resolution 7

To approve the continuation in office of Mr. Michael Moo Kai Wah as the Independent Non-Executive Director (tenure more than 12 years).

 Tier 1 1,264,608,250

100.0000

 0 0.0000 Accepted
Tier 2 629,410,204 99.9885 72,604 0.0115

Please refer to the attachment for the details of the poll results.

This announcement is dated 16 December 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To re-elect Mr. Chan Keng Leong as a Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 85 5
No. of Shares 1,896,268,554 72,504
% of Voted Shares 99.9962 0.0038
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Mr. Tan Kok Chor as a Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 85 5
No. of Shares 1,896,268,554 72,504
% of Voted Shares 99.9962 0.0038
Result Accepted

3. Ordinary Resolution 3

Description 
To approve the payment of Directors fees of RM351,960 to Non-Executive Directors for the financial year ended 30 June 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 75 13
No. of Shares 1,891,914,554 1,200,004
% of Voted Shares 99.9366 0.0634
Result Accepted

4. Ordinary Resolution 4

Description 
To approve the Directors fees and benefits of up to RM1,800,000 payable from 17th December 2020 until the next 37th AGM.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 73 15
No. of Shares 1,891,697,754 1,416,804
% of Voted Shares 99.9252 0.0748
Result Accepted

5. Ordinary Resolution 5

Description 
To re-appoint STYL Associates PLT as the External Auditors of the Company to hold office until the conclusion of the next Annual General Meeting and to authorize the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 86 5
No. of Shares 1,894,178,554 2,302,504
% of Voted Shares 99.8786 0.1214
Result Accepted

6. Ordinary Resolution 6

Description 
To approve the continuation in office of Mr. Tan Kok Chor as the Independent Non-Executive Director (tenure more than 12 years).
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 83 6
No. of Shares 1,894,018,454 72,604
% of Voted Shares 99.9885 0.0115
Result Accepted

7. Ordinary Resolution 7

Description 
To approve the continuation in office of Mr. Michael Moo Kai Wah as the Independent Non-Executive Director (tenure more than 12 years).
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 83 6
No. of Shares 1,894,018,454 72,604
% of Voted Shares 99.9885 0.0115
Result Accepted

8. Ordinary Resolution 8

Description 
Authority To Allot Shares Pursuant To Section 75 and 76 of the Companies Act, 2016
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 80 9
No. of Shares 1,893,269,454 821,604
% of Voted Shares 99.9566 0.0434
Result Accepted

9. Ordinary Resolution 9

Description 
Proposed Renewal of Authority for Share Buy-Back
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 86 5
No. of Shares 1,896,408,554 72,504
% of Voted Shares 99.9962 0.0038
Result Accepted

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