[KKB] General on 28-Jun-2021

Stock
[KKB]: KKB ENGINEERING BHD
Announcement Date
17-Jun-2021
Type
General
Date & Time
28-Jun-2021 10:00
Depositor Date
12-May-2021
Venue
KKB Engineering Berhad Lot 865, Section 66, Jalan Kilang Bintawa Industrial Estate 93450 Kuching, Sarawak Online Meeting Platform via https://sshsb.net.my/ with Remote Participation and Voting facilities
Description
45th AGM of the Company will be conducted on a fully virtual basis through live streaming and online remote voting platform. Date and time of the AGM remain unchanged. Please refer to the Notification and Administrative Guide for further details.
KKB AGM 2021-Notification and Administrative Guide.pdf
Outcome

The Board of Directors of KKB Engineering Berhad (“KKB” or the “Company”) is pleased to announce that all ordinary resolutions as set out in the Notice of the 45th Annual General Meeting ("45th AGM") of the Company dated 18 May 2021were duly passed by the shareholders of the Company at the 45thAGM held today.

The voting in respect of the resolutions was carried out by way of a poll via Remote Participation and Voting facilities and the results were validated by Commercial Quest Sdn. Bhd., the independent scrutineer appointed by the Company.


The details of the poll results for Ordinary Resolution 8 are as follows:

Ordinary Resolution 8

Tier

Shareholders Action

Voted

Results

Voted

No. of Shareholders

No. of Shares

% of Voted Shares

To retain Dr Arjunan Subramaniam, who has served as an Independent Non-Executive Director of the Company for more than twelve (12) years, to continue in office as an Independent Non-Executive Director of the Company.

Tier 1

For voting

For

 9 117,608,480 100.0000

Accepted

Against

 0 0 0.0000

Tier 2

For voting

For

 49 82,589,065 99.9999

Accepted

Against

 1 100 0.0001

This announcement is dated 28 June 2021.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of a First and Final Single Tier Dividend of four (4) sen per ordinary share in respect of the financial year ended 31 December 2020 as recommended by the Directors.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 59 0
No. of Shares 200,197,645 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors' fees amounting to RM381,600 for the financial year ending 31 December 2021 (FYE 2020: RM371,000).
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 54 4
No. of Shares 200,125,245 8,080
% of Voted Shares 99.9960 0.0040
Result Accepted

3. Ordinary Resolution 3

Description 
To approve the payment of Directors' meeting allowances up to RM76,000 for the financial year ending 31 December 2021 (FYE 2020: RM65,500).
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 54 4
No. of Shares 200,125,245 8,080
% of Voted Shares 99.9960 0.0040
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Mr Lau Nai Pek as a Director of the Company who retires pursuant to Clause 22.2 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 59 0
No. of Shares 200,197,645 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Mr Kho Pok Tong as a Director of the Company who retires pursuant to Clause 22.2 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 57 0
No. of Shares 199,422,745 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Ordinary Resolution 6

Description 
To re-elect Ms Kho Poh Lin as a Director of the Company who retires pursuant to Clause 22.2 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 58 0
No. of Shares 199,579,145 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Ordinary Resolution 7

Description 
To re-appoint Messrs Ernst & Young PLT as auditors of the Company until the conclusion of the next annual general meeting and to authorize the Board of Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 59 0
No. of Shares 200,197,645 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Ordinary Resolution 8

Description 
To retain Dr Arjunan Subramaniam, who has served as an Independent Non-Executive Director of the Company for more than twelve (12) years, to continue in office as an Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 58 1
No. of Shares 200,197,545 100
% of Voted Shares 100.0000 0.0001
Result Accepted

9. Ordinary Resolution 9

Description 
To retain Mr Lau Nai Pek, who has served as an Independent Non-Executive Director of the Company for a cumulative term of more than nine (9) years, to continue in office as an Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 58 1
No. of Shares 200,197,545 100
% of Voted Shares 100.0000 0.0001
Result Accepted

10. Ordinary Resolution 10

Description 
To retain Datin Mary Sa'diah binti Zainuddin, who has served as an Independent Non-Executive Director of the Company for a cumulative term of nine (9) years, to continue in office as an Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 59 0
No. of Shares 200,197,645 0
% of Voted Shares 100.0000 0.0000
Result Accepted

11. Ordinary Resolution 11

Description 
To empower the Directors to issue shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 58 1
No. of Shares 187,963,445 12,234,200
% of Voted Shares 93.8889 6.1111
Result Accepted

12. Ordinary Resolution 12

Description 
To approve the proposed renewal of Shareholder Mandate for recurrent related party transactions of a revenue or trading nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 58 0
No. of Shares 148,517,645 0
% of Voted Shares 100.0000 0.0000
Result Accepted

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