[REACH] General Meeting on 27-Jun-2024

Stock
[REACH]: REACH ENERGY BHD
Announcement Date
11-Jun-2024
Reference No.
GMA-11062024-00005
Corporate Action ID
MY240428MEET0011
Type
General Meeting
Date & Time
27-Jun-2024 14:00
Depositor Date
21-Jun-2024
Venue
Level 12, Menara Symphony, No. 5, Jalan Prof. Khoo Kay Kim, Seksyen 13, 46200 Petaling Jaya, Selangor Darul Ehsan,
Description
Reach Energy Berhad ("REB" or "the Company") - Eleventh Annual General Meeting Note: To amend the Date of General Meeting Record of Depositors to 21.06.2024 with reference to Announcement dated 29.04.2024. No changes to the Notice and Proxy Form.
Reach Energy Berhad_Notice of AGM.pdf
Outcome

We refer to Reach Energy Berhad ("REB" or "the Company")'sannouncements dated 29 April 2024 and 11 June 2024 in relation to the Notice of the Eleventh Annual General Meeting ("11th AGM").

On behalf of the Board of Directors of REB, we are pleased to announce that the shareholders of REB had approved all the resolutions (except for the withdrawal of ordinary resolution 6 which announced on 4 June 2024)referred to in the Notice of the 11th AGM dated 30 April2024 by way of poll via remote participation and electronic voting at the 11th AGM of REB held today, Thursday 27 June 2024 at 2.00 p.m. at the broadcast venue ofLevel 12, Menara Symphony, No. 5, Jalan Prof. Khoo Kay Kim, Seksyen 13, 46200 Petaling Jaya, Selangor Darul Ehsan, Malaysia.

The results were validated by the Independent Scrutineer, Scrutineer Solutions Sdn Bhd..

Voting Results

1. Ordinary Resolution 1

Description 
To re-elect Tan Sri Dr. Azmil Khalili Bin Dato Khalid, who retires by rotation pursuant to Clause 89 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 69 20
No. of Shares 1,142,927,817 1,940,821
% of Voted Shares 99.8305 0.1695
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Mr. Cheung Hung, who retires by rotation pursuant to Clause 89 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 70 19
No. of Shares 1,142,927,917 1,940,721
% of Voted Shares 99.8305 0.1695
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Ms. Yau Shu Shan, who retires pursuant to Clause 94 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 70 19
No. of Shares 1,142,927,917 1,940,721
% of Voted Shares 99.8305 0.1695
Result Accepted

4. Ordinary Resolution 4

Description 
To approve the proposed payment of Directors fees amounting up to RM360,000 in respect of the financial year ending 31 December 2024, to be made payable quarterly.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 52 37
No. of Shares 1,142,807,947 2,060,691
% of Voted Shares 99.8200 0.1800
Result Accepted

5. Ordinary Resolution 5

Description 
To approve the payment of Directors benefits (other than Directors fees) up to an amount of RM300,000 for the period from 1 January 2024 until the conclusion of the next Annual General Meeting of the Company, to be made payable quarterly.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 52 37
No. of Shares 1,142,807,947 2,060,691
% of Voted Shares 99.8200 0.1800
Result Accepted

6. Ordinary Resolution 6

Description 
To re-appoint PricewaterhouseCoopers PLT (LLP0014401-LCA & AF1146) as the Companys Auditors and to authorise the Board of Directors to determine their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 0 0
No. of Shares 0 0
% of Voted Shares 0.0000 0.0000
Result Withdrawn/ Postponed

7. Ordinary Resolution 7

Description 
Authority for Directors to issue and allot shares in the Company pursuant to Section 75 and 76 of the Companies Act, 2016
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 64 25
No. of Shares 1,142,925,367 1,943,271
% of Voted Shares 99.8303 0.1697
Result Accepted

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