The Board of Directors of Lotte Chemical Titan Holding Berhad (“Company”) wishes to announce that all the resolutions as set out in the Notice of 2021 Annual General Meeting (“AGM”) of the Company dated 29 March 2021were duly passed by the shareholders at the AGM of the Company held today by way of poll voting.
The results of the poll were validated by Quantegic Services Sdn. Bhd., the independent scrutineer appointed by the Company.
The details of the poll results are set out belowas per the attachment.
This announcement is dated 27 April 2021.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
To re-elect Tan Sri Datuk (Dr.) Rafiah binti Salim who is retiring pursuant to Clause 100 of the Company's Constitution as Director. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 611 | 82 |
No. of Shares | 1,852,078,059 | 7,743,325 |
% of Voted Shares | 99.5837 | 0.4163 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
To re-elect Park Hyun Chul who is retiring pursuant to Clause 107 of the Company's Constitution as Director. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 623 | 71 |
No. of Shares | 1,856,343,196 | 3,477,788 |
% of Voted Shares | 99.8130 | 0.1870 |
Result | Accepted | |
3. Ordinary Resolution 3 |
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Description |
To re-elect Lee Jung Hyeng who is retiring pursuant to Clause 107 of the Company's Constitution as Director. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 615 | 79 |
No. of Shares | 1,854,277,799 | 5,543,184 |
% of Voted Shares | 99.7020 | 0.2980 |
Result | Accepted | |
4. Ordinary Resolution 4 |
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Description |
To approve the payment of Directors' Fees amounting to RM780,000 for the financial year ending 31 December 2021 |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 596 | 92 |
No. of Shares | 1,858,666,469 | 1,091,915 |
% of Voted Shares | 99.9413 | 0.0587 |
Result | Accepted | |
5. Ordinary Resolution 5 |
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Description |
To approve the payment of Directors' remuneration and benefits (excluding Directors' Fees) to the Independent Non-Executive Directors up to an amount of RM179,000 with effect from 2021 Annual General Meeting until the next Annual General Meeting of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 578 | 106 |
No. of Shares | 1,857,356,549 | 2,395,335 |
% of Voted Shares | 99.8712 | 0.1288 |
Result | Accepted | |
6. Ordinary Resolution 6 |
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Description |
To re-appoint Messrs KPMG PLT as Auditors of the Company and to authorise the Directors to fix their remuneration. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 611 | 80 |
No. of Shares | 1,853,271,049 | 6,546,235 |
% of Voted Shares | 99.6480 | 0.3520 |
Result | Accepted | |
7. Ordinary Resolution 7 |
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Description |
Proposed renewal of existing Shareholders' Mandate for recurrent related party transactions of a revenue or trading in nature and contracts entered into from time to time which are necessary or would facilitate the day-to-day operations. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 614 | 75 |
No. of Shares | 129,334,891 | 1,036,293 |
% of Voted Shares | 99.2051 | 0.7949 |
Result | Accepted | |
8. Ordinary Resolution 8 |
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Description |
Proposed renewal of the authority to allot and issue new ordinary shares in the Company ("LCT Shares") in relation to the Dividend Reinvestment Scheme that provides the Shareholders of the Company an option to elect to reinvest their cash dividend in new LCT Shares |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 615 | 79 |
No. of Shares | 1,852,692,849 | 7,128,135 |
% of Voted Shares | 99.6167 | 0.3833 |
Result | Accepted | |