[FAVCO] EGM on 22-Jun-2022

Stock
[FAVCO]: FAVELLE FAVCO BHD
Announcement Date
03-Jun-2022
Reference No.
GMA-02062022-00001
Corporate Action ID
MY220602MEET0001
Type
EGM
Date & Time
22-Jun-2022 11:30
Depositor Date
15-Jun-2022
Venue
TIIH Online website at https://tiih.online,as provided by Tricor Investor & Issuing House Services Sdn. Bhd.,("Tricor"),MY
Description
FAVELLE FAVCO BERHAD ("FFB" OR "THE COMPANY") - Notice of the Extraordinary General Meeting ("EGM") The EGM of the Company will be held on a fully virtual meeting entirely through live streaming from the online meeting platform.
FFB_Notice of EGM_ 07.06.2022.pdf
Outcome

On behalf of the Board of Directors of Favelle Favco Berhad ("FFB"), we are pleased to announce that at the Extraordinary General Meeting ("EGM") of FFBheld on 22 June 2022, the shareholders of FFBhad approvedthe resolutionsreferred to in the Notice of FFBdated 7 June 2022.

All the resolutions weredetermined 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 
PROPOSED ESTABLISHMENT OF A NEW EMPLOYEES SHARE ISSUANCE SCHEME OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN FFB (EXCLUDING TREASURY SHARES) AT ANY ONE TIME DURING THE DURATION OF THE EMPLOYEES SHARE ISSUANCE SCHEME ("PROPOSED SIS")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 186 71
No. of Shares 178,721,804 385,276
% of Voted Shares 99.7849 0.2151
Result Accepted

2. Ordinary Resolution 2

Description 
PROPOSED GRANTING OF SIS OPTIONS AND SGP AWARDS TO MAC CHUNG HUI
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 168 76
No. of Shares 21,557,099 388,725
% of Voted Shares 98.2287 1.7713
Result Accepted

3. Ordinary Resolution 3

Description 
PROPOSED GRANTING OF SIS OPTIONS AND SGP AWARDS TO MAC NGAN BOON @ MAC YIN BOON
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 168 75
No. of Shares 21,557,099 388,525
% of Voted Shares 98.2296 1.7704
Result Accepted

4. Ordinary Resolution 4

Description 
PROPOSED GRANTING OF SIS OPTIONS AND SGP AWARDS TO LEE POH KWEE
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 180 74
No. of Shares 175,803,380 387,700
% of Voted Shares 99.7800 0.2200
Result Accepted

5. Ordinary Resolution 5

Description 
PROPOSED GRANTING OF SIS OPTIONS AND SGP AWARDS TO MAZLAN BIN ABDUL HAMID
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 178 76
No. of Shares 175,029,480 1,197,300
% of Voted Shares 99.3206 0.6794
Result Accepted

Remark
-
Market Buzz

2024-04-26

Additional Listing

ESOS - 125,000 shares at 1.450.

2024-04-26

Annual Result

Annual Report on 31-Dec-2023.

2024-04-25

Meeting Notice

General Meeting on 12-Jun-2024.

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