[NESTLE] General Meeting on 30-Apr-2024

Stock
[NESTLE]: NESTLE (M) BHD
Announcement Date
27-Mar-2024
Reference No.
GMA-21032024-00003
Corporate Action ID
MY240321MEET0003
Type
General Meeting
Date & Time
30-Apr-2024 10:00
Depositor Date
22-Apr-2024
Venue
Broadcast Venue: Level 22, 1 Powerhouse No. 1, Persiaran Bandar Utama, Bandar Utama 47800 Petaling Jaya, Selangor Darul Ehsan
Description
Notice of the 40th Annual General Meeting of Nestlé (Malaysia) Berhad. This meeting will be conducted on a virtual basis through live streaming from the Broadcast Venue and Remote Participation and Voting Facilities.
NOTICE OF 40TH AGM.pdf
Outcome
The Board of Directors of Nestlé (Malaysia) Berhad ("Company") wishes to announce that all the Ordinary Resolutions as set out in the Notice of the 40th (Fortieth) Annual General Meeting (“AGM”) of the Company dated 29 March 2024 were duly passed by the shareholders of the Company at the AGM held on virtual basis earlier today, 30 April 2024.

All the Ordinary Resolutions were voted by poll and the result of the poll were validated by KPMG Management & Risk Consulting Sdn. Bhd., the independent scrutineer appointed by the Company.

Please refer to the attachment for the poll results.

This announcement is dated 30 April 2024.

Voting Results

1. Ordinary Resolution 1

Description 
TO RE-ELECT Mr. Chin Kwai Fatt as a Director of the Company, who retires in accordance with Article 97.1 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,507 58
No. of Shares 213,322,832 12,124
% of Voted Shares 99.9943 0.0057
Result Accepted

2. Ordinary Resolution 2

Description 
TO RE-ELECT YM Dr. Tunku Alina Alias as a Director of the Company, who retires in accordance with Article 97.1 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,507 59
No. of Shares 21,322,732 13,623
% of Voted Shares 99.9936 0.0064
Result Accepted

3. Ordinary Resolution 3

Description 
TO RE-ELECT Mr. Juan Aranols as a Director of the Company, who retires in accordance with Article 97.1 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,505 60
No. of Shares 213,328,676 7,679
% of Voted Shares 99.9964 0.0036
Result Accepted

4. Ordinary Resolution 4

Description 
TO RE-ELECT YTM Tan Sri Tunku Puteri Intan Safinaz Sultan Abd Halim as a Director of the Company, who retires in accordance with Article 106 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,501 62
No. of Shares 213,326,325 9,026
% of Voted Shares 99.9958 0.0042
Result Accepted

5. Ordinary Resolution 5

Description 
TO RE-ELECT Tan Sri Wan Zulkiflee Wan Ariffin as a Director of the Company, who retires in accordance with Article 106 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,366 207
No. of Shares 208,465,339 4,847,912
% of Voted Shares 97.7273 2.2727
Result Accepted

6. Ordinary Resolution 6

Description 
TO RE-APPOINT Ernst & Young PLT (Firm No. 202006000003 (LLP0022760-LCA) & AF 0039) as Auditors of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,494 69
No. of Shares 212,765,977 568,497
% of Voted Shares 99.7335 0.2665
Result Accepted

7. Ordinary Resolution 7

Description 
TO APPROVE the payment of Directors' fees of RM1,248,500 for the financial year ended 31 December 2023.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,455 99
No. of Shares 213,275,428 58,346
% of Voted Shares 99.9727 0.0273
Result Accepted

8. Ordinary Resolution 8

Description 
TO APPROVE the payment of Directors' benefits of RM250,000 for the financial period from 1 July 2024 to 30 June 2025.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,465 91
No. of Shares 213,306,122 21,453
% of Voted Shares 99.9899 0.0101
Result Accepted

9. Ordinary Resolution 9

Description 
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature, as set out under Section 2.3(a) of the Circular to Shareholders dated 29 March 2024.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,504 54
No. of Shares 43,047,860 8,827
% of Voted Shares 99.9795 0.0205
Result Accepted

Remark
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