[ARMADA] General Meeting on 25-May-2022

Stock
[ARMADA]: BUMI ARMADA BERHAD
Announcement Date
25-Apr-2022
Reference No.
GMA-25042022-00048
Corporate Action ID
MY220425MEET0048
Type
General Meeting
Date & Time
25-May-2022 15:30
Depositor Date
17-May-2022
Venue
Broadcast Venue Kuala Lumpur Room,Level 21, Menara Perak,24, Jalan Perak,Kuala Lumpur,MY
Description
BUMI ARMADA BERHAD - NOTICE OF 26TH ANNUAL GENERAL MEETING
Bumi Armada Berhad - Notice of the 26th AGM.pdf
Outcome

The Board of Directors of Bumi Armada Berhad ("Bumi Armada" or "Company") is pleased to announce that at the Twenty-Sixth Annual General Meeting ("26th AGM") held today, which was conducted entirely via Remote Participation and Voting ("RPV") facilities, all resolutions as set out in the Notice dated 26April 2022have been passed.

All resolutions were voted on a poll via RPV facilities in accordance with Paragraph 8.29A of Bursa Malaysia Securities Berhad's Main Market Listing Requirements.

The results of the poll were validated by SKY Corporate Services Sdn. Bhd., the independent scrutineer appointed by the Company.

This announcement is dated 25 May 2022.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of fees and benefits to the Non-Executive Directors of up to an amount of RM3.25 million from 25 May 2022 until the conclusion of the next Annual General Meeting ("AGM") of the Company to be held in 2023.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 702 221
No. of Shares 4,160,136,208 1,588,744
% of Voted Shares 99.9618 0.0382
Result Accepted

2. Ordinary Resolution 2

Description 
To re-appoint Messrs PricewaterhouseCoopers PLT as Auditors of the Company for the financial year ending 31 December 2022 and to authorise the Directors to fix their remuneration for that year.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 829 103
No. of Shares 4,042,778,521 119,205,247
% of Voted Shares 97.1359 2.8641
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Ms Maureen Toh Siew Guat who retires by rotation in accordance with Rule 131.1 of the Company's Constitution, and who being eligible, offers herself for re-election as a Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 773 151
No. of Shares 3,950,653,857 211,150,791
% of Voted Shares 94.9265 5.0735
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Mr Chan Chee Beng who retires by rotation in accordance with Rule 131.1 of the Company's Constitution, and who being eligible, offers himself for re-election as a Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 793 130
No. of Shares 4,074,458,509 87,330,199
% of Voted Shares 97.9016 2.0984
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Tunku Alizakri bin Raja Muhammad Alias who retires in accordance with Rule 116 of the Company's Constitution, and who being eligible, offers himself for re-election as a Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 796 124
No. of Shares 4,161,120,791 667,502
% of Voted Shares 99.9840 0.0160
Result Accepted

6. Ordinary Resolution 6

Description 
To retain Ms Alexandra Elisabeth Johanna Maria Schaapveld, who on 7 June 2022 has served as an Independent Non-Executive Director ("INED") of the Company for a cumulative term of 11 years, to continue to serve as an INED of the Company until the conclusion of the next AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 790 129
No. of Shares 3,354,934,514 806,853,776
% of Voted Shares 80.6128 19.3872
Result Accepted

7. Ordinary Resolution 7

Description 
To retain Tunku Ali Redhauddin ibni Tuanku Muhriz, who on 16 January 2022 has served as an INED of the Company for a cumulative term of 10 years, to continue to serve as an INED of the Company until the conclusion of the next AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 789 132
No. of Shares 3,355,252,227 806,538,168
% of Voted Shares 80.6204 19.3796
Result Accepted

8. Ordinary Resolution 8

Description 
Authority to issue and allot new ordinary shares pursuant to Sections 75 and 76 of the Companies Act 2016 ("CA 2016"), the Main Market Listing Requirements ("MMLR") of Bursa Malaysia Securities Berhad ("Bursa Securities") and the letters on Additional Temporary Relief Measures to Listed Issuers issued by Bursa Securities on 16 April 2020 and 23 December 2021 respectively (collectively, "Bursa Letters").
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 759 160
No. of Shares 3,297,184,680 864,601,724
% of Voted Shares 79.2252 20.7748
Result Accepted

9. Ordinary Resolution 9

Description 
Authority to issue and allot new ordinary shares pursuant to Sections 75 and 76 of the CA 2016, the MMLR and the Bursa Letters, under a general mandate for rights issue on a pro-rata basis ("Enhanced Rights Issue Mandate").
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 753 162
No. of Shares 3,268,606,771 893,184,059
% of Voted Shares 78.5385 21.4615
Result Accepted

10. Ordinary Resolution 10

Description 
Proposed offer, grant and/or allotment in respect of ordinary shares in the Company ("Bumi Armada Shares") to Mr Gary Neal Christenson, Executive Director/Chief Executive Officer pursuant to the Companys Management Incentive Plan ("MIP")  Annual Incentive.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 631 285
No. of Shares 2,896,656,959 1,241,987,121
% of Voted Shares 69.9905 30.0095
Result Accepted

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Additional Listing

Management Incentive Plan - 61,800 shares at 0.754.

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