| Company Name | : | FAVELLE FAVCO BERHAD |
| Stock Name | : | FAVCO |
| Date Announced | : | 10 Sep 2020 |
| Category | : | General Meeting |
| Reference Number | : | GMA-09092020-00007 |
| Corporate Action ID | : | MY200909MEET0007 |
GENERAL MEETINGS: Outcome of Meeting
FAVELLE FAVCO BERHAD
|
Type of Meeting |
General |
|
Indicator |
Outcome of Meeting |
|
Date of Meeting |
10 Sep 2020 |
|
Time |
10:30 AM |
|
Venue(s) |
Broadcast Venue
Favelle Favco Berhad, Lekas Meeting Room,
Lot 586, 2nd Mile, Jalan Batu Tiga Lama,
41300 Klang, Selangor Darul Ehsan.
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-Eighth Annual General Meeting ("28th AGM") of FFB held on 10 September 2020, the shareholders of FFB had approved all the resolutions referred to in the Notice of 28th AGM dated 13 August 2020.
All the resolutions were determined by way of poll and the results of the poll were validated by Cygnus IT Solutions PLT, the Independent Scrutineer appointed by the Company.
This announcement is dated 10 September 2020. |
|
Voting Results |
||
|
1. Ordinary Resolution 1 |
||
|
Description |
To approve the declaration of a first and final tax exempt dividend of 15.0 sen per ordinary share. |
|
|
Shareholder’s Action |
For Voting |
|
|
Voted |
For |
Against |
|
No. of Shareholders |
146 |
0 |
|
No. of Shares |
168,145,306 |
0 |
|
% of Voted Shares |
100.0000 |
0.0000 |
|
Result |
Accepted |
|
|
2. Ordinary Resolution 2 |
||
|
Description |
To re-elect Dato' Sri Khazali Bin Haji Ahmad as Director of the Company. |
|
|
Shareholder’s Action |
For Voting |
|
|
Voted |
For |
Against |
|
No. of Shareholders |
134 |
11 |
|
No. of Shares |
168,108,332 |
36,474 |
|
% of Voted Shares |
99.9783 |
0.0217 |
|
Result |
Accepted |
|
|
3. Ordinary Resolution 3 |
||
|
Description |
To re-elect Mr. Mac Chung Hui as Director of the Company. |
|
|
Shareholder’s Action |
For Voting |
|
|
Voted |
For |
Against |
|
No. of Shareholders |
137 |
6 |
|
No. of Shares |
165,501,182 |
1,624 |
|
% of Voted Shares |
99.9990 |
0.0010 |
|
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 |
134 |
9 |
|
No. of Shares |
166,395,732 |
34,074 |
|
% of Voted Shares |
99.9795 |
0.0205 |
|
Result |
Accepted |
|
|
5. Ordinary Resolution 5 |
||
|
Description |
To approve the payment of Directors' Fees and benefits payable of RM1,000,000.00 from 11 September 2020 until the next Annual General Meeting. |
|
|
Shareholder’s Action |
For Voting |
|
|
Voted |
For |
Against |
|
No. of Shareholders |
128 |
17 |
|
No. of Shares |
168,129,106 |
15,200 |
|
% of Voted Shares |
99.9910 |
0.0090 |
|
Result |
Accepted |
|
|
6. Ordinary Resolution 6 |
||
|
Description |
To re-appoint Messrs Crowe Malaysia PLT as the Company's Auditors and to authorise the Directors to fix their remuneration. |
|
|
Shareholder’s Action |
For Voting |
|
|
Voted |
For |
Against |
|
No. of Shareholders |
141 |
4 |
|
No. of Shares |
168,129,906 |
14,400 |
|
% of Voted Shares |
99.9914 |
0.0086 |
|
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 |
126 |
16 |
|
No. of Shares |
34,746,389 |
1,854,874 |
|
% of Voted Shares |
94.9322 |
5.0678 |
|
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 |
127 |
16 |
|
No. of Shares |
34,748,389 |
1,854,874 |
|
% of Voted Shares |
94.9325 |
5.0675 |
|
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 |
139 |
6 |
|
No. of Shares |
168,142,406 |
2,700 |
|
% of Voted Shares |
99.9984 |
0.0016 |
|
Result |
Accepted |
|
|
12. Ordinary Resolution 10 |
||
|
Description |
To approve the Proposed Renewal of the Existing Shareholders' Mandate and Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature. |
|
|
Shareholder’s Action |
For Voting |
|
|
Voted |
For |
Against |
|
No. of Shareholders |
123 |
10 |
|
No. of Shares |
20,725,650 |
10,100 |
|
% of Voted Shares |
99.9513 |
0.0487 |
|
Result |
Accepted |
|