[FAVCO] General Meeting on 22-Jun-2022

Stock
[FAVCO]: FAVELLE FAVCO BHD
Announcement Date
26-Apr-2022
Reference No.
GMA-26042022-00032
Corporate Action ID
MY220426MEET0032
Type
General Meeting
Date & Time
22-Jun-2022 10:30
Depositor Date
15-Jun-2022
Venue
TIIH Online website at https://tiih.online,Tricor Investor & Issuing House Services Sdn. Bhd. ("Tricor"),MY
Description
FAVELLE FAVCO BERHAD - Notice of Thirtieth Annual General Meeting ("30th AGM") The 30th AGM of the Company will be held on a fully virtual meeting entirely through live streaming from the online meeting platform.
FFB_Notice of 30th AGM_ 27.04.2022.pdf
Outcome

On behalf of the Board of Directors of Favelle Favco Berhad ("FFB"), we are pleased to announce that save and except for Ordinary Resolutions 7 and 8 which have been withdrawn, the shareholders of FFB had approved all the resolutions referred to in the Notice of Thirtieth Annual General Meeting ("30th AGM") dated 27 April 2022 at the 30th AGM of FFB held on 22 June 2022.

All the resolutions were determined by way of poll and the results of the poll were validated by Coopers Professional Scrutineers Sdn Bhd, the Independent Scrutineer appointed by the Company.


This announcement is dated 22 June 2022.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the declaration of a first and final tax exempt dividend of 8.0 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 387 38
No. of Shares 179,539,679 3,443
% of Voted Shares 99.9981 0.0019
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Encik Mazlan Bin Abdul Hamid as Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 354 66
No. of Shares 175,682,862 956,560
% of Voted Shares 99.4585 0.5415
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Encik Sobri Bin Abu as Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 362 61
No. of Shares 179,456,762 82,760
% of Voted Shares 99.9539 0.0461
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Ms. Lee Poh Kwee as Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 358 64
No. of Shares 176,488,362 136,760
% of Voted Shares 99.9226 0.0774
Result Accepted

5. Ordinary Resolution 5

Description 
To approve the payment of Directors' fees and benefits payable up to an amount of RM 1,000,000.00, from 23 June 2022 until the next AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 329 94
No. of Shares 179,349,880 190,042
% of Voted Shares 99.8942 0.1058
Result Accepted

6. Ordinary Resolution 6

Description 
To re-appoint Messrs Crowe Malaysia PLT as the Company's Auditors for the ensuing year and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 375 50
No. of Shares 179,526,529 16,593
% of Voted Shares 99.9908 0.0092
Result Accepted

7. Ordinary Resolution 7 (First Tier)

Description 
To retain Tan Sri A. Razak Bin Ramli as an Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 0 0
No. of Shares 0 0
% of Voted Shares 0.0000 0.0000
Result Withdrawn/ Postponed

8. Ordinary Resolution 7 (Second Tier)

Description 
To retain Tan Sri A. Razak Bin Ramli as an Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 0 0
No. of Shares 0 0
% of Voted Shares 0.0000 0.0000
Result Withdrawn/ Postponed

9. Ordinary Resolution 8 (First Tier)

Description 
To retain Tan Sri Dato' Seri Ahmad Ramli Bin Haji Mohd Nor as an Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 0 0
No. of Shares 0 0
% of Voted Shares 0.0000 0.0000
Result Withdrawn/ Postponed

10. Ordinary Resolution 8 (Second Tier)

Description 
To retain Tan Sri Dato' Seri Ahmad Ramli Bin Haji Mohd Nor as an Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 0 0
No. of Shares 0 0
% of Voted Shares 0.0000 0.0000
Result Withdrawn/ Postponed

11. Ordinary Resolution 9

Description 
To approve the Proposed Renewal of Authority for Share Buy-Back.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 371 53
No. of Shares 179,527,995 14,127
% of Voted Shares 99.9921 0.0079
Result Accepted

12. Ordinary Resolution 10

Description 
To approve the Proposed Renewal of the Existing Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 352 57
No. of Shares 19,482,744 17,022
% of Voted Shares 99.9127 0.0873
Result Accepted

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