[PPB] General Meeting on 12-May-2022

Stock
[PPB]: PPB GROUP BHD
Announcement Date
13-Apr-2022
Reference No.
GMA-11042022-00006
Corporate Action ID
MY220411MEET0006
Type
General Meeting
Date & Time
12-May-2022 10:00
Depositor Date
05-May-2022
Venue
Broadcast Venue,Sarawak Room, B2 Level,Shangri-la Hotel Kuala Lumpur,11 Jalan Sultan Ismail, 50250 Kuala Lumpur,MY
Description
Notice of the 53rd Annual General Meeting dated 14 April 2022 The 53rd Annual General Meeting of the Company will be conducted entirely via live streaming and online remote voting via remote participation and electronic voting facilities.
Notice of 53rd AGM Admin Guide Proxy and Request forms.pdf
Outcome

PPB Group Berhad wishes to announce that all the resolutions set out in the notice of the 53rd Annual General Meeting ("AGM") of the Company dated 14 April 2022 were duly passed at the 53rd AGM of the Company.

All the resolutions were voted by poll and the results of the poll were validated by Asia Securities Sdn Bhd, the independent scrutineer appointed by the Company.

Please refer to the attachment for the poll results.

The announcement is dated 12 May 2022.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of a final dividend of 25 sen per share in respect of the financial year ended 31 December 2021 as recommended by the Directors.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,078 35
No. of Shares 1,175,187,149 5,922
% of Voted Shares 99.9995 0.0005
Result Accepted

2. Ordinary Resolution 2

Description 
To approve Directors fees amounting to RM1,016,000/- for the financial year ended 31 December 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 965 135
No. of Shares 1,173,283,175 47,281
% of Voted Shares 99.9960 0.0040
Result Accepted

3. Ordinary Resolution 3

Description 
To approve the payment of Directors benefits amounting to RM1,080,000/- for the period from 1 July 2022 to 30 June 2023.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 939 160
No. of Shares 1,172,814,143 496,713
% of Voted Shares 99.9577 0.0423
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Dato' Capt Ahmad Sufian @ Qurnain bin Abdul Rashid as a Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 900 215
No. of Shares 970,020,843 204,924,098
% of Voted Shares 82.5588 17.4412
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Madam Tam Chiew Lin as a Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,021 86
No. of Shares 993,716,782 20,761,415
% of Voted Shares 97.9535 2.0465
Result Accepted

6. Ordinary Resolution 6

Description 
To re-elect Tengku Nurul Azian binti Tengku Shahriman as a Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 994 123
No. of Shares 1,168,153,505 7,039,796
% of Voted Shares 99.4010 0.5990
Result Accepted

7. Ordinary Resolution 7

Description 
To re-appoint Ernst & Young PLT as auditors of the Company and authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,056 55
No. of Shares 1,175,081,773 111,528
% of Voted Shares 99.9905 0.0095
Result Accepted

8. Ordinary Resolution 8

Description 
To approve the continuation of Dato' Captain Ahmad Sufian @ Qurnain bin Abdul Rashid as an independent director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 907 211
No. of Shares 956,760,043 218,186,558
% of Voted Shares 81.4301 18.5699
Result Accepted

9. Ordinary Resolution 9

Description 
To approve the continuation of Mr Soh Chin Teck as an independent director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,019 92
No. of Shares 980,580,242 194,613,059
% of Voted Shares 83.4399 16.5601
Result Accepted

10. Ordinary Resolution 10

Description 
To approve the continuation of En Ahmad Riza bin Basir as an independent director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 997 108
No. of Shares 993,551,626 20,926,470
% of Voted Shares 97.9372 2.0628
Result Accepted

11. Ordinary Resolution 11

Description 
To authorise the Directors to allot and issue shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 989 122
No. of Shares 993,516,537 181,676,764
% of Voted Shares 84.5407 15.4593
Result Accepted

12. Ordinary Resolution 12

Description 
Proposed shareholders mandate for recurrent related party transactions of a revenue or trading nature with persons connected with PGEO Group Sdn Bhd.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,039 72
No. of Shares 1,175,170,225 20,137
% of Voted Shares 99.9983 0.0017
Result Accepted

13. Ordinary Resolution 13

Description 
Proposed renewal of authority for PPB Group Berhad to purchase its own ordinary shares up to 10% of the issued shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,029 79
No. of Shares 1,173,152,590 1,974,818
% of Voted Shares 99.8319 0.1681
Result Accepted

14. Special Resolution 14

Description 
To approve the proposed amendments to the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,035 74
No. of Shares 1,174,892,119 297,736
% of Voted Shares 99.9747 0.0253
Result Accepted

Remark
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