| Company Name | : | FAVELLE FAVCO BERHAD |
| Stock Name | : | FAVCO |
| Date Announced | : | 29 Jun 2021 |
| Category | : | General Meeting |
| Reference Number | : | GMA-29062021-00016 |
| Corporate Action ID | : | MY210629MEET0016 |
GENERAL MEETINGS: Outcome of Meeting
FAVELLE FAVCO BERHAD
|
Type of Meeting |
General |
|
Indicator |
Outcome of Meeting |
|
Date of Meeting |
29 Jun 2021 |
|
Time |
10:30 AM |
|
Venue(s) |
Online Meeting Platform via TIIH Online at
https://tiih.online as provided by Tricor Investor
& Issuing House Services Sdn Bhd in Malaysia |
|
Outcome of Meeting |
On behalf of the Board of Directors of Favelle Favco Berhad ("FFB"), we are pleased to announce that at the Twenty-Ninth Annual General Meeting ("29th AGM") of FFB held on 29 June 2021, the shareholders of FFB had approved all the resolutions referred to in the Notice of 29th AGM dated 31 May 2021.
All the resolutions were determined by way of poll and the results of the poll were validated by Cooper Professional Scrutineers Sdn Bhd, the Independent Scrutineer appointed by the Company.
This announcement is dated 29 June 2021. |
|
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 2020. |
|
|
Shareholder’s Action |
For Voting |
|
|
Voted |
For |
Against |
|
No. of Shareholders |
338 |
27 |
|
No. of Shares |
168,242,764 |
2,260 |
|
% of Voted Shares |
99.9987 |
0.0013 |
|
Result |
Accepted |
|
|
2. Ordinary Resolution 2 |
||
|
Description |
To re-elect Mr. Mac Ngan Boon @ Mac Yin Boon as Director of the Company. |
|
|
Shareholder’s Action |
For Voting |
|
|
Voted |
For |
Against |
|
No. of Shareholders |
322 |
37 |
|
No. of Shares |
158,752,216 |
6,895 |
|
% of Voted Shares |
99.9957 |
0.0043 |
|
Result |
Accepted |
|
|
3. Ordinary Resolution 3 |
||
|
Description |
To re-elect Tan Sri Dato Seri Ahmad Ramli Bin Haji Mohd Nor as Director of the Company. |
|
|
Shareholder’s Action |
For Voting |
|
|
Voted |
For |
Against |
|
No. of Shareholders |
319 |
43 |
|
No. of Shares |
166,275,829 |
1,666,195 |
|
% of Voted Shares |
99.0079 |
0.9921 |
|
Result |
Accepted |
|
|
4. Ordinary Resolution 4 |
||
|
Description |
To re-elect Tan Sri A. Razak Bin Ramli as Director of the Company. |
|
|
Shareholder’s Action |
For Voting |
|
|
Voted |
For |
Against |
|
No. of Shareholders |
318 |
44 |
|
No. of Shares |
166,161,129 |
1,780,895 |
|
% of Voted Shares |
98.9396 |
1.0604 |
|
Result |
Accepted |
|
|
5. Ordinary Resolution 5 |
||
|
Description |
To approve the payment of Directors' fees and benefits payable up to an amount of RM1,000,000.00, from 30 June 2021 until the next Annual General Meeting of the Company. |
|
|
Shareholder’s Action |
For Voting |
|
|
Voted |
For |
Against |
|
No. of Shareholders |
296 |
65 |
|
No. of Shares |
168,124,653 |
106,971 |
|
% of Voted Shares |
99.9364 |
0.0636 |
|
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 |
326 |
37 |
|
No. of Shares |
168,224,959 |
17,065 |
|
% of Voted Shares |
99.9899 |
0.0101 |
|
Result |
Accepted |
|
|
7. Ordinary Resolution 7 (First Tier) |
||
|
Description |
To retain Tan Sri A. Razak Bin Ramli as an Independent Non-Executive Director. |
|
|
Shareholder’s Action |
For Voting |
|
|
Voted |
For |
Against |
|
No. of Shareholders |
1 |
0 |
|
No. of Shares |
131,241,043 |
0 |
|
% of Voted Shares |
100.0000 |
0.0000 |
|
Result |
Accepted |
|
|
8. Ordinary Resolution 7 (Second Tier) |
||
|
Description |
To retain Tan Sri A. Razak Bin Ramli as an Independent Non-Executive Director. |
|
|
Shareholder’s Action |
For Voting |
|
|
Voted |
For |
Against |
|
No. of Shareholders |
313 |
47 |
|
No. of Shares |
34,867,082 |
1,783,899 |
|
% of Voted Shares |
95.1327 |
4.8673 |
|
Result |
Accepted |
|
|
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. |
|
|
Shareholder’s Action |
For Voting |
|
|
Voted |
For |
Against |
|
No. of Shareholders |
1 |
0 |
|
No. of Shares |
131,241,043 |
0 |
|
% of Voted Shares |
100.0000 |
0.0000 |
|
Result |
Accepted |
|
|
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. |
|
|
Shareholder’s Action |
For Voting |
|
|
Voted |
For |
Against |
|
No. of Shareholders |
313 |
47 |
|
No. of Shares |
34,867,082 |
1,783,899 |
|
% of Voted Shares |
95.1327 |
4.8673 |
|
Result |
Accepted |
|
|
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 |
329 |
36 |
|
No. of Shares |
168,220,259 |
24,765 |
|
% of Voted Shares |
99.9853 |
0.0147 |
|
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 |
314 |
37 |
|
No. of Shares |
20,897,703 |
12,165 |
|
% of Voted Shares |
99.9418 |
0.0582 |
|
Result |
Accepted |
|