[IGBB] General Meeting on 29-May-2023

Stock
[IGBB]: IGB BERHAD
Announcement Date
27-Apr-2023
Reference No.
GMA-10042023-00005
Corporate Action ID
MY230410MEET0005
Type
General Meeting
Date & Time
29-May-2023 14:30
Depositor Date
22-May-2023
Venue
Broadcast Venue,Matahari 3 & 4,Level 5, Cititel Mid Valley, Mid Valley City, Lingkaran Syed Putra,59200 Kuala Lumpur,MY
Description
Notice of 2023 Annual General Meeting - Virtual (online) Meeting
IGB Berhad AGM Notice.pdf
Outcome

All the resolutions as set out in the Notice of AGM dated 28 April 2023, put to vote by poll, wereduly passed by shareholders of IGBat the AGM held on 29 May 2023.

Zee Kum Mingfrom SC Lim, Ng & Co. was appointed as the scrutineer for the AGM.

The results of the poll on each of the resolutionsare set out below:

Voting Results

1. Resolution 1

Description 
To re-elect Dato' Seri Robert Tan Chung Meng, a Director retiring pursuant to Clause 84 of IGB's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 300 20
No. of Shares 614,523,055 4,515
% of Voted Shares 99.9993 0.0007
Result Accepted

2. Resolution 2

Description 
To re-elect Lee Chaing Huat, a Director retiring pursuant to Clause 84 of IGB's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 301 22
No. of Shares 621,675,707 4,531
% of Voted Shares 99.9993 0.0007
Result Accepted

3. Resolution 3

Description 
To re-elect Tan Boon Lee, a Director retiring pursuant to Clause 90 of IGB's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 300 22
No. of Shares 608,588,214 4,531
% of Voted Shares 99.9993 0.0007
Result Accepted

4. Resolution 4

Description 
To approve the payment of fees of RM697,500 for FY2022 and meeting attendance allowances of up to RM162,000 for year 2023, to the Non-Executive Directors.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 280 40
No. of Shares 609,169,771 66,797
% of Voted Shares 99.9890 0.0110
Result Accepted

5. Resolution 5

Description 
To approve the gratuity payment of RM14,872,463.43 to Dato' Seri Robert Tan Chung Meng, the former Group Chief Executive Officer of IGB, in recognition and appreciation of his long service, dedication and contribution to the IGB Group.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 272 52
No. of Shares 594,740,427 21,721,040
% of Voted Shares 96.4765 3.5235
Result Accepted

6. Resolution 6

Description 
To re-appoint Messrs PricewaterhouseCoopers PLT as the Auditors of IGB for financial year ending 31 December 2023 and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 298 26
No. of Shares 600,315,950 21,365,736
% of Voted Shares 96.5632 3.4368
Result Accepted

7. Resolution 7

Description 
Authority 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 289 38
No. of Shares 600,513,215 21,282,529
% of Voted Shares 96.5772 3.4228
Result Accepted

8. Resolution 8

Description 
Renewal of share buyback  mandate.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 291 30
No. of Shares 600,527,589 21,147,000
% of Voted Shares 96.5984 3.4016
Result Accepted

9. Resolution 9

Description 
Renewal of recurrent related party transactions.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 268 29
No. of Shares 74,051,577 168,913
% of Voted Shares 99.7724 0.2276
Result Accepted

10. Resolution 10

Description 
Proposed Bonus Issue of up to 452,713,712 new Shares (Bonus Shares), on the basis of 1 Bonus Share for every 2 existing Shares held on an entitlement date to be determined and announced later.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 307 19
No. of Shares 600,536,139 21,256,294
% of Voted Shares 96.5814 3.4186
Result Accepted

Remark
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