[ARMADA] General Meeting on 25-May-2023

Stock
[ARMADA]: BUMI ARMADA BERHAD
Announcement Date
25-Apr-2023
Reference No.
GMA-20042023-00025
Corporate Action ID
MY230420MEET0025
Type
General Meeting
Date & Time
25-May-2023 15:30
Depositor Date
17-May-2023
Venue
Broadcast Venue at Angola Room,Level 7, Menara Perak,24, Jalan Perak,50450 Kuala Lumpur,MY
Description
BUMI ARMADA BERHAD - NOTICE OF 27TH ANNUAL GENERAL MEETING
Bumi Armada Berhad - Notice of the 27th AGM.pdf
Outcome

The Board of Directors of Bumi Armada Berhad ("Bumi Armada" or "Company") is pleased to announce that at the Twenty-Seventh Annual General Meeting ("27th AGM") held today, which was conducted entirely via Remote Participation and Voting ("RPV") facilities, all resolutions as set out in the Notice dated 26April 2023have 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 2023.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of fees and benefits to the Non-Executive Directors of an amount of up to RM3.25 million from 25 May 2023 until the conclusion of the next Annual General Meeting (AGM) of the Company to be held in 2024.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 782 210
No. of Shares 4,345,117,212 746,981
% of Voted Shares 99.9828 0.0172
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 2023 and to authorise the Directors to fix their remuneration for that year.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 882 125
No. of Shares 4,206,511,762 142,972,139
% of Voted Shares 96.7129 3.2871
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mr Uthaya Kumar a/l K Vivekananda 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 830 168
No. of Shares 4,179,505,922 169,798,074
% of Voted Shares 96.0960 3.9040
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Mr Rohan a/l Rajan Rajasooria 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 853 144
No. of Shares 4,276,125,982 73,349,094
% of Voted Shares 98.3136 1.6864
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Raja Tan Sri Dato' Seri Arshad bin Raja Tun Uda 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 867 131
No. of Shares 4,347,612,595 1,870,391
% of Voted Shares 99.9570 0.0430
Result Accepted

6. Ordinary Resolution 6

Description 
Authority to issue and allot new ordinary shares pursuant to Sections 75 and 76 of the Companies Act 2016 and the Main Market Listing Requirements (MMLR) of Bursa Malaysia Securities Berhad (Bursa Securities).
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 844 154
No. of Shares 3,541,521,890 807,943,106
% of Voted Shares 81.4243 18.5757
Result Accepted

7. Ordinary Resolution 7

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 Company's Management Incentive Plan (MIP)  Annual Incentive.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 663 332
No. of Shares 2,933,352,806 1,385,281,823
% of Voted Shares 67.9232 32.0768
Result Accepted

Remark
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Market Buzz

2024-05-14

Forum

1 New Comment

2024-05-08

Insider

MR GARY NEAL CHRISTENSON (a company director) was dealing with company shares on 08-May-2024.

Discussions
Be the first to like this. Showing 1 of 1 comments

Robert Waters

50% shareholders and 32% of shares are against free giveaway of bonus shares to the CEO of BAB. I am also against it. A gift of 1.5 mln every year is excessive.

2023-05-25 21:43

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