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General Meetings: Outcome of Meeting

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Favco Berhad ("FFB"), we are pleased to announce that save and except for Ordinary Resolutions 7 and 8 which have been withdrawn, the shareholders of FFB had approved all the resolutions referred to in the Notice of Thirtieth Annual General Meeting ("30th AGM") dated 27 April 2022 at the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

    
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