The Board of Directors of Borneo Oil Berhad ("BOB" or the "Company") is pleased to announce that all resolutions tabled at BOB's 35th Annual General Meeting ("AGM") held on 18th December 2019 were dully passed by poll and all are accepted.
The shareholders and proxy holders of the Company have accepted all resolutions as set out in the Notice of the 35th Annual General Meeting dated 31 October 2019 at the AGM held on 18th December 2019. Voting in respect of all resolutions was carried out by way of poll and the results have been duly verified and validated by the Independent Scrutineer, Leou Associates PLT.
The details of the poll results are set out below.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
To re-elect Mr. Michael Moo Kai Wah as a Director. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 30 | 1 |
No. of Shares | 2,281,440,992 | 100 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
To re-elect Mr. Seroop Singh Ramday as a Director. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 31 | 0 |
No. of Shares | 2,281,441,092 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
3. Ordinary Resolution 3 |
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Description |
To re-elect Datuk Joseph Lee Yok MIn @ Ambrose as a Director. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 31 | 0 |
No. of Shares | 2,281,441,092 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
4. Ordinary Resolution 4 |
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Description |
To approve the payment of Directors' remuneration amounting to RM797,983 to the Directors for the financial year ended 30 June 2019. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 31 | 0 |
No. of Shares | 2,281,441,092 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
5. Ordinary Resolution 5 |
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Description |
To approve the Directors' fees and benefits of up to RM1,600,000 payable to the Directors from 19.12.2019 until the next Annual General Meeting. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 31 | 0 |
No. of Shares | 2,281,441,092 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
6. Ordinary Resolution 6 |
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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. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 31 | 0 |
No. of Shares | 2,281,441,092 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
7. Ordinary Resolution 7 - Tier 1 |
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Description |
To approve the continuation in office of Mr. Tan Kok Chor as the Independent Non-Executive Director (tenure more than 12 years) |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 11 | 0 |
No. of Shares | 1,780,296,850 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
8. Ordinary Resolution 7 - Tier 2 |
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Description |
To approve the continuation in office of Mr. Tan Kok Chor as the Independent Non-Executive Director (tenure more than 12 years) |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 19 | 1 |
No. of Shares | 501,144,142 | 100 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
9. Ordinary Resolution 8 - Tier 1 |
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Description |
To approve the continuation in office of Mr. Michael Moo Kai Wah as the Independent Non-Executive Director (tenure more than 12 years) |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 11 | 0 |
No. of Shares | 1,780,296,850 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
10. Ordinary Resolution 8 -Tier 2 |
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Description |
To approve the continuation in office of Mr. Michael Moo Kai Wah as the Independent Non-Executive Director (tenure more than 12 years) |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 19 | 1 |
No. of Shares | 501,144,142 | 100 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
11. Ordinary Resolution 9 |
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Description |
Authority to issue Shares pursuant to Sections 75 & 76 of the Companies Act, 2016 |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 31 | 0 |
No. of Shares | 2,281,441,092 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
12. Ordinary Resolution 10 |
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Description |
Proposed Renewal of Existing Share Buy-Back Authority |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 31 | 0 |
No. of Shares | 2,281,441,092 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
13. Special Resolution |
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Description |
Proposed adoption of a New Constitution of the Company to replace the existing Memorandum and Articles of Association |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 31 | 0 |
No. of Shares | 2,281,441,092 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |