| Company Name | : | FAVELLE FAVCO BERHAD |
| Stock Name | : | FAVCO |
| Date Announced | : | 22 Jun 2022 |
| Category | : | General Meeting |
| Reference Number | : | GMA-21062022-00006 |
| Corporate Action ID | : | MY220621MEET0005 |
GENERAL MEETINGS: Outcome of Meeting
FAVELLE FAVCO BERHAD
|
Type of Meeting |
General |
|
Indicator |
Outcome of Meeting |
|
Date of Meeting |
22 Jun 2022 |
|
Time |
10:30 AM |
|
Venue(s) |
TIIH Online website at https://tiih.online
Tricor Investor & Issuing House Services Sdn. Bhd. ("Tricor")
Malaysia |
|
Outcome of Meeting |
On behalf of the Board of Directors of Favelle Favco Berhad ("FFB"), we are pleased to announce that save and except for Ordinary Resolutions 7 and 8 which have been withdrawn, the shareholders of FFB had approved all the resolutions referred to in the Notice of Thirtieth Annual General Meeting ("30th AGM") dated 27 April 2022 at the 30th AGM of FFB held on 22 June 2022.
All the resolutions were determined by way of poll and the results of the poll were validated by Coopers Professional Scrutineers Sdn Bhd, the Independent Scrutineer appointed by the Company.
This announcement is dated 22 June 2022. |
|
Voting Results |
||
|
1. Ordinary Resolution 1 |
||
|
Description |
To approve the declaration of a first and final tax exempt dividend of 8.0 sen per ordinary share in respect of the financial year ended 31 December 2021. |
|
|
Shareholder’s Action |
For Voting |
|
|
Voted |
For |
Against |
|
No. of Shareholders |
387 |
38 |
|
No. of Shares |
179,539,679 |
3,443 |
|
% of Voted Shares |
99.9981 |
0.0019 |
|
Result |
Accepted |
|
|
2. Ordinary Resolution 2 |
||
|
Description |
To re-elect Encik Mazlan Bin Abdul Hamid as Director of the Company. |
|
|
Shareholder’s Action |
For Voting |
|
|
Voted |
For |
Against |
|
No. of Shareholders |
354 |
66 |
|
No. of Shares |
175,682,862 |
956,560 |
|
% of Voted Shares |
99.4585 |
0.5415 |
|
Result |
Accepted |
|
|
3. Ordinary Resolution 3 |
||
|
Description |
To re-elect Encik Sobri Bin Abu as Director of the Company. |
|
|
Shareholder’s Action |
For Voting |
|
|
Voted |
For |
Against |
|
No. of Shareholders |
362 |
61 |
|
No. of Shares |
179,456,762 |
82,760 |
|
% of Voted Shares |
99.9539 |
0.0461 |
|
Result |
Accepted |
|
|
4. Ordinary Resolution 4 |
||
|
Description |
To re-elect Ms. Lee Poh Kwee as Director of the Company. |
|
|
Shareholder’s Action |
For Voting |
|
|
Voted |
For |
Against |
|
No. of Shareholders |
358 |
64 |
|
No. of Shares |
176,488,362 |
136,760 |
|
% of Voted Shares |
99.9226 |
0.0774 |
|
Result |
Accepted |
|
|
5. Ordinary Resolution 5 |
||
|
Description |
To approve the payment of Directors' fees and benefits payable up to an amount of RM 1,000,000.00, from 23 June 2022 until the next AGM of the Company. |
|
|
Shareholder’s Action |
For Voting |
|
|
Voted |
For |
Against |
|
No. of Shareholders |
329 |
94 |
|
No. of Shares |
179,349,880 |
190,042 |
|
% of Voted Shares |
99.8942 |
0.1058 |
|
Result |
Accepted |
|
|
6. Ordinary Resolution 6 |
||
|
Description |
To re-appoint Messrs Crowe Malaysia PLT as the Company's Auditors for the ensuing year and to authorise the Directors to fix their remuneration. |
|
|
Shareholder’s Action |
For Voting |
|
|
Voted |
For |
Against |
|
No. of Shareholders |
375 |
50 |
|
No. of Shares |
179,526,529 |
16,593 |
|
% of Voted Shares |
99.9908 |
0.0092 |
|
Result |
Accepted |
|
|
7. Ordinary Resolution 7 (First Tier) |
||
|
Description |
To retain Tan Sri A. Razak Bin Ramli as an Independent Non-Executive Director of the Company. |
|
|
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 |
|
|
8. Ordinary Resolution 7 (Second Tier) |
||
|
Description |
To retain Tan Sri A. Razak Bin Ramli as an Independent Non-Executive Director of the Company. |
|
|
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 |
|
|
9. Ordinary Resolution 8 (First Tier) |
||
|
Description |
To retain Tan Sri Dato' Seri Ahmad Ramli Bin Haji Mohd Nor as an Independent Non-Executive Director of the Company. |
|
|
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 |
|
|
10. Ordinary Resolution 8 (Second Tier) |
||
|
Description |
To retain Tan Sri Dato' Seri Ahmad Ramli Bin Haji Mohd Nor as an Independent Non-Executive Director of the Company. |
|
|
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 |
|
|
11. Ordinary Resolution 9 |
||
|
Description |
To approve the Proposed Renewal of Authority for Share Buy-Back. |
|
|
Shareholder’s Action |
For Voting |
|
|
Voted |
For |
Against |
|
No. of Shareholders |
371 |
53 |
|
No. of Shares |
179,527,995 |
14,127 |
|
% of Voted Shares |
99.9921 |
0.0079 |
|
Result |
Accepted |
|
|
12. Ordinary Resolution 10 |
||
|
Description |
To approve the Proposed Renewal of the Existing Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature. |
|
|
Shareholder’s Action |
For Voting |
|
|
Voted |
For |
Against |
|
No. of Shareholders |
352 |
57 |
|
No. of Shares |
19,482,744 |
17,022 |
|
% of Voted Shares |
99.9127 |
0.0873 |
|
Result |
Accepted |
|