[AFFIN] General Meeting on 25-Apr-2024

Stock
[AFFIN]: AFFIN BANK BERHAD
Announcement Date
26-Mar-2024
Reference No.
GMA-26032024-00020
Corporate Action ID
MY240326MEET0017
Type
General Meeting
Date & Time
25-Apr-2024 10:00
Depositor Date
17-Apr-2024
Venue
TAMING SARI GRAND BALLROOM, THE ROYALE CHULAN KUALA LUMPUR, 5 JALAN CONLAY, 50450 KUALA LUMPUR Online Platform via TIIH Online website at https://tiih.online
Description
Notice of 48th Annual General Meeting (AGM) of Affin Bank Berhad
Affin Bank - Notice of AGM-Statement of Accompanying-Administrative Notes-Proxy Form.pdf.pdf
Outcome

The Board of Directors of Affin Bank Berhad (the "Company") wishes to announce that all the resolutions set out in the Notice of the 48th Annual General Meeting ("AGM") of the Company dated 27March2024were duly passed by the shareholders of the Company at the 48th AGM held on 25 April 2024.


The Audited Financial Statements of the Company for the financial year 31 December 2023and the Reports of Directors and Auditors thereon were received and duly tabled at the 48th AGM under Agenda 1.


All the resolutions were voted by poll in accordance with Paragraph 8.29A of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad and the results of the poll were validated by Messrs Scrutineer Solutions Sdn Bhd, the independent scrutineers appointed by the Company.


Please refer to the attachment for the detailed poll results.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of a single-tier final dividend of 5.76 sen per ordinary share in respect of the financial year ended 31 December 2023.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,415 52
No. of Shares 1,989,639,380 25,782
% of Voted Shares 99.9987 0.0013
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Puan Marzida binti Mohd Noor who retires by rotation pursuant to Article 118 of the Company's Constitution and who being eligible, offers herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,363 88
No. of Shares 1,989,116,021 325,949
% of Voted Shares 99.9836 0.0164
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mr. Gregory Jerome Gerald Fernandes who retires by rotation pursuant to Article 118 of the Company's Constitution and who being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,381 77
No. of Shares 1,989,477,959 63,811
% of Voted Shares 99.9968 0.0032
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Ms. Chan Wai Yu who retires by rotation pursuant to Article 118 of the Company's Constitution and who being eligible, offers herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,384 74
No. of Shares 1,989,398,139 46,231
% of Voted Shares 99.9977 0.0023
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Puan Emeliana Dallan Rice-Oxley who retires pursuant to Article 124 of the Company's Constitution and who being eligible, offers herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,374 83
No. of Shares 1,989,456,121 85,549
% of Voted Shares 99.9957 0.0043
Result Accepted

6. Ordinary Resolution 6

Description 
To approve the following fees and payment of the same to the Non-Executive Directors for the period from the 48th AGM to the 49th AGM of the Company:
(a) Chairman's fee of RM265,000 per annum;
(b) Director's fee of RM165,000 per annum for each Non-Executive Director;
(c) Board Committee Chairman's fee of RM50,000 per annum for the Chairman of each Board Committee; and
(d) Board Committee member's fee of RM35,000 per annum for each member of a Board Committee.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,326 122
No. of Shares 1,989,227,346 168,224
% of Voted Shares 99.9915 0.0085
Result Accepted

7. Ordinary Resolution 7

Description 
To approve the payment of Directors' benefits of an amount up to RM1,800,000 to eligible Non-Executive Directors from the 48th AGM to the 49th AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,313 133
No. of Shares 1,989,175,904 290,066
% of Voted Shares 99.9854 0.0146
Result Accepted

8. Ordinary Resolution 8

Description 
To re-appoint Messrs. PricewaterhouseCoopers PLT as the Company's Auditors for the financial year ending 31 December 2024 and to authorise the Directors to fix the Auditors' remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,376 84
No. of Shares 1,987,764,883 1,810,095
% of Voted Shares 99.9090 0.0910
Result Accepted

9. Ordinary Resolution 9

Description 
Authority for Directors to Allot and Issue New Ordinary Shares in Affin Bank Berhad (ABB Shares).
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,356 104
No. of Shares 1,988,563,693 1,014,261
% of Voted Shares 99.9490 0.0510
Result Accepted

10. Ordinary Resolution 10

Description 
Allotment and Issuance of New Ordinary Shares of Affin Bank Berhad (ABB
Shares) in relation to the Dividend Reinvestment Plan by the Company that gives
the Shareholders of the Company the Option to Reinvest their whole or a portion
of the Dividend for which the Reinvestment Option applies in New ABB Shares
(Dividend Reinvestment Plan)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,370 92
No. of Shares 1,989,392,947 201,367
% of Voted Shares 99.9894 0.0106
Result Accepted

11. Ordinary Resolution 11

Description 
Proposed allocation to Datuk Wan Razly Abdullah Wan Ali, the President & Group Chief Executive Officer of ABB for the year 2024 pursuant to the Company's Long-Term Incentive Plan in the form of an Employees' Share Grant Scheme (SGS)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,294 166
No. of Shares 1,959,946,269 26,690,479
% of Voted Shares 98.6565 1.3435
Result Accepted

Remark
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