The Board of Directors of ARB Berhad (“ARB” or the “Company”) is pleased to announce that all the resolutionsas set out in the Notice ofTwenty-Second (22nd) Annual General Meeting (“AGM”) of the Company dated 11 March 2020 were duly passed by the shareholders of the Company by way of apoll via remote participation and electronic voting at the 22nd AGM held today.
The results of the poll were validated byCygnus IT Solutions PLT, the independent Scrutineer appointed by the Company.
Detailsof the poll results are set out in the attachment.
This announcement is dated 20 May 2020.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
To approve the payment of Directors' fees of up to RM70,000 for the financial year ending 31 December 2020 to be divided amongst the Directors in such manner as the Directors may determine and other benefits payable of up to RM1,566,000 for the period commencing from 16 April 2020 until the conclusion of up to the next AGM of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 18 | 1 |
No. of Shares | 42,880,866 | 27,000 |
% of Voted Shares | 99.9371 | 0.0629 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
To re-elect Mr. Yeo Gee Kuan who retire pursuant to Clause 105 of the Company's Constitution and who, being eligible, offer himself for re-election. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 19 | 0 |
No. of Shares | 42,907,866 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
3. Ordinary Resolution 3 |
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Description |
To re-elect Mr. Lim Yun Nyen who retire pursuant to Clause 105 of the Company's Constitution and who, being eligible, offer himself for re-election. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 19 | 0 |
No. of Shares | 42,907,866 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
4. Ordinary Resolution 4 |
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Description |
To re-elect Mr. Tan Eik Huang who retire pursuant to Clause 114 of the Company's Constitution and who, being eligible, offer himself for re-election. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 19 | 0 |
No. of Shares | 42,907,866 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
5. Ordinary Resolution 5 |
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Description |
To re-appoint Messrs RSM Malaysia as Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 19 | 0 |
No. of Shares | 42,907,866 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
6. Ordinary Resolution 6 |
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Description |
To approve the continuation in office of Datuk Baharon Bin Talib as an Independent Non-Executive Director. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 19 | 0 |
No. of Shares | 42,907,866 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
7. Ordinary Resolution 7 |
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Description |
To authorise Directors to allot shares pursuant to Sections 75 and 76 of the Companies Act, 2016. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 19 | 0 |
No. of Shares | 42,907,866 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
8. Ordinary Resolution 8 |
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Description |
To approve the Proposed Renewal of Authority for the Company to Purchase Its Own Shares ("Proposed Renewal of Share Buy-Back Authority"). |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 19 | 0 |
No. of Shares | 42,907,866 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |