[HIBISCS] General Meeting on 01-Dec-2022

Stock
[HIBISCS]: HIBISCUS PETROLEUM BHD
Announcement Date
28-Oct-2022
Reference No.
GMA-25102022-00005
Corporate Action ID
MY221025MEET0005
Type
General Meeting
Date & Time
01-Dec-2022 09:30
Depositor Date
23-Nov-2022
Venue
Broadcast Venue,Tricor Business Centre, Gemilang Room,Unit 29-01, Level 29, Tower A, Vertical Business Suite,Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur,MY
Description
12th Annual General Meeting
Hibiscus - Notice of the 12th AGM.pdf
Outcome

The Board of Directors ofHibiscus PetroleumBerhad ("Hibiscus Petroleum" or "the Company") wishes to announce that the shareholders of the Company have approved all the resolutions as set out in the Notice of the 12th Annual General Meeting ("12th AGM") dated 31October 2022at the 12th AGM held on Thursday, 1 December 2022.

All the resolutions put to the 12th AGM were decided by way of a poll via Remote Participation and Voting facilities. The results of the poll were validated by Deloitte Business AdvisorySdn. Bhd., the Independent Scrutineer appointed by the Company.

Please refer to the attachment for the details of the poll results.

Details of the poll results for Resolution 9isas follows :

This announcement is dated1December 2022.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of a final single-tier dividend of 1.0 sen per ordinary share in respect of the financial year ended 30 June 2022.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 471 31
No. of Shares 948,290,379 26,039
% of Voted Shares 99.9973 0.0027
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Non-Executive Directors (NEDs)' fees amounting to RM250,000 per annum to the Chair of the Board and RM150,000 per annum to each NED (save for the Chair of the Board) for the period from 2 December 2022 until the date of the next AGM in year 2023, to be paid quarterly in arrears.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 435 62
No. of Shares 946,808,278 667,140
% of Voted Shares 99.9296 0.0704
Result Accepted

3. Ordinary Resolution 3

Description 
To approve the payment of NEDs' meeting allowances for the period from 2 December 2022 until the date of the next AGM in year 2023 at the following rate (as applicable), to be paid quarterly in arrears:
- RM4,500 for each meeting of the Board and of the Board Committees that a NED attends as Chair of the meeting; or
- RM3,500 for each meeting of the Board and of the Board Committees that a NED attends as a member of the Committee.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 434 61
No. of Shares 947,022,410 441,908
% of Voted Shares 99.9534 0.0466
Result Accepted

4. Ordinary Resolution 4

Description 
To approve payments for additional attendances and time expended by any NED for the Company's purposes (or on behalf of the Company) at meetings and/or third-party events involving external parties other than those referred to under Item 4 above, in the NED's capacity as a Director of the Company, for the period from 2 December 2022 until the date of the next AGM in year 2023, at the rate of RM3,500 per meeting or event, to be paid quarterly in arrears.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 425 71
No. of Shares 946,667,778 807,540
% of Voted Shares 99.9148 0.0852
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Mr Thomas Michael Taylor who is retiring pursuant to Clause 134 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 455 47
No. of Shares 932,721,338 15,595,080
% of Voted Shares 98.3555 1.6445
Result Accepted

6. Ordinary Resolution 6

Description 
To re-elect Mrs Emeliana Dallan Rice-Oxley who is retiring pursuant to Clause 110 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 456 46
No. of Shares 948,205,598 110,820
% of Voted Shares 99.9883 0.0117
Result Accepted

7. Ordinary Resolution 7

Description 
To re-appoint Messrs PricewaterhouseCoopers PLT as Auditors of the Company for the financial year ending 30 June 2023 and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 438 65
No. of Shares 889,134,817 59,181,601
% of Voted Shares 93.7593 6.2407
Result Accepted

8. Ordinary Resolution 8

Description 
Authority for the Directors to allot and issue shares pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 433 67
No. of Shares 909,576,398 38,727,520
% of Voted Shares 95.9161 4.0839
Result Accepted

9. Ordinary Resolution 9

Description 
Retention of YBhg Dato' Sri Roushan Arumugam as Independent Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 425 73
No. of Shares 901,052,698 46,464,320
% of Voted Shares 93.6624 6.3376
Result Accepted

Remark
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