[AAX] General Meeting on 08-Jun-2023

Stock
[AAX]: AIRASIA X BERHAD
Announcement Date
22-May-2023
Reference No.
GMA-22052023-00008
Corporate Action ID
MY230427MEET0044
Type
General Meeting
Date & Time
08-Jun-2023 14:00
Depositor Date
30-May-2023
Venue
Broadcast Venue at RedQ,Jalan Pekeliling 5,Lapangan Terbang Antarabangsa Kuala Lumpur,64000 KLIA, Selangor Darul Ehsan,MY
Description
Notice of Sixteenth Annual General Meeting ("16th AGM") of AirAsia X Berhad ("the Company") - Errata to the Notice of 16th AGM of the Company to amend Ordinary Resolution 8 (Authority to allot shares pursuant to Sections 75 and 76 of the Companies Act)
AAX - Errata - Revised Notice of 16th AGM.pdf
Outcome

The Board of Directors of AirAsia X Berhad ("the Company") is pleased to announce that all the resolutions set out in the Notice of the Sixteenth AnnualGeneral Meeting("16th AGM") of the Company were passed by the shareholders at the Company's 16th AGM held on 8 June 2023.

The resolutions werevoted by way of poll in accordance with Paragraph 8.29A of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. The results of the poll were validated by Asia Securities Sdn. Berhad, an independent scrutineers appointed by the Company.

For your information, Ordinary Resolution 10 was voted through a two-tier voting process as recommended under Practice 5.3 of the Malaysian Code on Corporate Governance 2021. Details of the poll results for Ordinary Resolution 10 are as follows:-

Resolution 10

Total Votes For

Total Votes Against

Results

No. of Shareholders

No. of Shares

%

No. of Shareholders

No. of Shares

%

Retention of Independent Director

Tier 1

7

179,262,851

100.0000

0

0

0.0000

Accepted

Tier 2

631

23,429,372

98.5412

111

346,852

1.4588

This announcement is dated 8 June 2023.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the Non-Executive Directors Remuneration as described in Note B for the period from the 16th AGM until the next AGM of the Company to be held in the year 2024.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 609 131
No. of Shares 34,731,684 189,452
% of Voted Shares 99.4575 0.5425
Result Accepted

2. Ordinary Resolution 2

Description 
To approve and ratify a one-off advisory fee of RM500,000 to Datuk Kamarudin bin Meranun for the business advisory services rendered to the Company as a Non-Executive Director, and in recognition and appreciation of his contribution to the Company for his invaluable services during the period of debt restructuring exercise of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 569 162
No. of Shares 28,573,369 2,632,742
% of Voted Shares 91.5634 8.4366
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Datuk Kamarudin bin Meranun who retires by rotation pursuant to Rule 119 of the Companys Constitution and who being eligible had offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 642 101
No. of Shares 196,562,292 2,767,058
% of Voted Shares 98.6118 1.3882
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Tunku Dato Mahmood Fawzy bin Tunku Muhiyiddin who retires pursuant to Rule 124 of the Company's Constitution and who being eligible had offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 650 99
No. of Shares 200,449,822 2,583,788
% of Voted Shares 98.7274 1.2726
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Encik Ahmad Al Farouk bin Ahmad Kamal who retires pursuant to Rule 124 of the Company's Constitution and who being eligible had offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 649 99
No. of Shares 202,892,252 140,358
% of Voted Shares 99.9309 0.0691
Result Accepted

6. Ordinary Resolution 6

Description 
To re-elect Ms Chin Min Ming who retires pursuant to Rule 124 of the Company's Constitution and who being eligible had offered herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 651 95
No. of Shares 121,581,521 128,308
% of Voted Shares 99.8946 0.1054
Result Accepted

7. Ordinary Resolution 7

Description 
To re-appoint Messrs Ernst & Young as Auditors of the Company and to authorise the Directors to determine their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 676 75
No. of Shares 202,925,462 122,188
% of Voted Shares 99.9398 0.0602
Result Accepted

8. Ordinary Resolution 8

Description 
Authority to allot shares pursuant to Sections 75 and 76 of the Companies Act, 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 634 113
No. of Shares 202,840,808 187,907
% of Voted Shares 99.9074 0.0926
Result Accepted

9. Ordinary Resolution 9

Description 
Proposed Renewal of Existing Shareholders' Mandate and New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 639 102
No. of Shares 23,608,063 168,561
% of Voted Shares 99.2911 0.7089
Result Accepted

10. Ordinary Resolution 10

Description 
Retention of Independent Directors
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 638 111
No. of Shares 202,692,223 346,852
% of Voted Shares 99.8291 0.1709
Result Accepted

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