PPB Group Berhad wishes to announce that all the proposed resolutions set out in the Notice of the 55th Annual General Meeting ("AGM") of the Company dated 19 April 2024were duly passed at the AGM.
All the resolutions were voted by poll and the results of the poll were validated by Asia Securities Sdn Bhd, the independent scrutineer appointed by the Company.
Please refer to the attachment for the poll results.
Thisannouncement is dated 17 May 2024.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
To approve the payment of a final dividend of 30 sen per share in respect of financial year ended 31 December 2023 as recommended by the Directors. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 610 | 0 |
No. of Shares | 1,145,996,870 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
To approve an increase in Directors' fees amounting to RM1,274,151/- for the financial year ended 31 December 2023. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 587 | 7 |
No. of Shares | 1,144,248,489 | 7,512 |
% of Voted Shares | 99.9993 | 0.0007 |
Result | Accepted | |
3. Ordinary Resolution 3 |
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Description |
To approve the payment of benefits to Directors amounting to RM1,070,000/- for the period from 1 July 2024 to 30 June 2025. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 587 | 7 |
No. of Shares | 1,144,229,375 | 7,028 |
% of Voted Shares | 99.9994 | 0.0006 |
Result | Accepted | |
4. Ordinary Resolution 4 |
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Description |
To re-elect Mr Soh Chin Teck as a Director of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 460 | 159 |
No. of Shares | 935,974,596 | 209,535,649 |
% of Voted Shares | 81.7080 | 18.2920 |
Result | Accepted | |
5. Ordinary Resolution 5 |
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Description |
To re-appoint Ernst & Young PLT as auditors of the Company and authorise the Directors to fix their remuneration. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 607 | 3 |
No. of Shares | 1,145,994,830 | 2,040 |
% of Voted Shares | 99.9998 | 0.0002 |
Result | Accepted | |
6. Ordinary Resolution 6 |
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Description |
To approve the continuation of Mr Soh Chin Teck as an independent director. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 488 | 131 |
No. of Shares | 930,286,166 | 215,224,079 |
% of Voted Shares | 81.2120 | 18.7890 |
Result | Accepted | |
7. Ordinary Resolution 7 |
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Description |
To approve the continuation of Encik Ahmad Riza bin Basir as an independent director. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 487 | 115 |
No. of Shares | 930,090,569 | 213,502,428 |
% of Voted Shares | 81.3310 | 18.6690 |
Result | Accepted | |
8. Ordinary Resolution 8 |
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Description |
To approve the payment of gratuity to the former Chairman of the Board of Directors of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 112 | 498 |
No. of Shares | 805,674,619 | 336,306,251 |
% of Voted Shares | 70.5510 | 29.4490 |
Result | Accepted | |
9. Ordinary Resolution 9 |
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Description |
To authorise the Directors to allot and issue shares. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 578 | 33 |
No. of Shares | 960,809,165 | 185,187,705 |
% of Voted Shares | 83.8410 | 16.1600 |
Result | Accepted | |
10. Ordinary Resolution 10 |
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Description |
To approve a shareholders mandate for recurrent related party transactions of a revenue or trading nature with persons connected with PGEO Group Sdn Bhd. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 607 | 2 |
No. of Shares | 1,145,992,640 | 4,110 |
% of Voted Shares | 99.9996 | 0.0004 |
Result | Accepted | |
11. Ordinary Resolution 11 |
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Description |
To approve the renewal of authority for PPB Group Berhad to purchase its own ordinary shares up to 10% of the issued shares. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 559 | 54 |
No. of Shares | 985,836,850 | 160,097,480 |
% of Voted Shares | 86.0290 | 13.9710 |
Result | Accepted | |
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