[AFFIN] General Meeting on 25-May-2022

Stock
[AFFIN]: AFFIN BANK BERHAD
Announcement Date
25-Apr-2022
Reference No.
GMA-25042022-00047
Corporate Action ID
MY220425MEET0047
Type
General Meeting
Date & Time
25-May-2022 10:00
Depositor Date
17-May-2022
Venue
Broadcast Venue at,Menara Affin, Lingkaran TRX,,Tun Razak Exchange, Jalan Tun Razak,,55188 Kuala Lumpur,MY
Description
Notice of 46th Annual General Meeting (AGM) of Affin Bank Berhad
Affin Bank - Notice of AGM-Statement of Accompanying-Proxy Form-Administrative Notes.pdf
Outcome

The Boardof Directors of Affin Bank Berhad (the "Company") wishes to announce that all the resolutions set out in the Notice of the 46th Annual General Meeting ("AGM") of the Company dated 26 April 2022were duly passed by the shareholders of the Company atthe 46th AGM held on 25 May 2022.

The Audited Financial Statements of the Company for the financial year 31December 2021and the Reports of Directors and Auditors thereon were received and duly tabled at the 46th AGM under Agenda 1.

All the resolutions were voted by poll in accordance with Paragraph 8.29A of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad and the results of the poll were validated by Messrs Asia Securities Sdn Bhd, the independent scrutineers appointed by the Company.

Please refer to the attachment for the detailed poll results.

This announcement is dated 25 May 2022.

Voting Results

1. Resolution 1

Description 
To approve the payment of a single-tier final dividend of 12.50 sen per ordinary share in respect of the financial year ended 31 December 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 948 81
No. of Shares 1,838,818,374 105,743
% of Voted Shares 99.9942 0.0058
Result Accepted

2. Resolution 2

Description 
To re-elect Dato' Mohd Hata bin Robani who retires by rotation pursuant to Article 118 of the Company's Constitution and being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 913 115
No. of Shares 1,838,715,487 163,517
% of Voted Shares 99.9911 0.0089
Result Accepted

3. Resolution 3

Description 
To re-elect Dato' Abdul Aziz bin Abu Bakar who retires by rotation pursuant to Article 118 of the Company's Constitution and being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 912 116
No. of Shares 1,838,718,418 160,586
% of Voted Shares 99.9913 0.0087
Result Accepted

4. Resolution 4

Description 
To re-elect Yuen Wai Hung, Peter who retires by rotation pursuant to Article 118 of the Company's Constitution and being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 914 110
No. of Shares 1,838,714,979 152,424
% of Voted Shares 99.9917 0.0083
Result Accepted

5. Resolution 5

Description 
To approve the increase of Directors' fees and Board Committees' fees from the 46th AGM of the Company and further to approve the payment of the same to the Non-Executive Directors for the period from the 46th AGM to the 47th AGM of the Company as follows:
(a) Chairman's fee of RM265,000 per annum;
(b) Director's fee of RM165,000 per annum for each Non-Executive Director;
(c) Board Committee Chairman's fee of RM50,000 per annum for the Chairman of each Board Committee; and
(d) Board Committee Member's fee of RM35,000 per annum for each member of a Board Committee.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 841 180
No. of Shares 1,838,304,277 552,589
% of Voted Shares 99.9699 0.0301
Result Accepted

6. Resolution 6

Description 
To approve the payment of Directors' benefits of an amount up to RM2.0 million to eligible Non-Executive Directors from the 46th AGM to the 47th AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 839 179
No. of Shares 1,838,319,740 504,798
% of Voted Shares 99.9725 0.0275
Result Accepted

7. Resolution 7

Description 
To re-appoint Messrs PricewaterhouseCoopers PLT as the Company's Auditors for the financial year ending 31 December 2022 and to authorise the Directors to fix the Auditors' remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 910 117
No. of Shares 1,837,224,073 1,658,846
% of Voted Shares 99.9098 0.0902
Result Accepted

8. Resolution 8

Description 
Authority for Directors to Allot and Issue New Ordinary Shares in Affin Bank Berhad (ABB Shares).
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 901 125
No. of Shares 1,838,382,335 486,109
% of Voted Shares 99.9736 0.0264
Result Accepted

9. Resolution 9

Description 
Allotment and Issuance of New Ordinary Shares of Affin Bank Berhad (ABB
Shares) in relation to the Dividend Reinvestment Plan by the Company that gives
the Shareholders of the Company the Option to Reinvest their whole or a portion
of the Dividend for which the Reinvestment Option applies in New ABB Shares
(Dividend Reinvestment Plan)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 911 116
No. of Shares 1,838,781,408 99,319
% of Voted Shares 99.9946 0.0054
Result Accepted

10. Resolution 10

Description 
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature (Proposed Shareholders' Mandate)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 923 102
No. of Shares 693,261,037 54,312
% of Voted Shares 99.9922 0.0078
Result Accepted

Remark
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