Company Name |
FAVELLE FAVCO BERHAD |
Stock Name |
FAVCO |
Date Announced |
26 Jun 2023 |
Category |
General Meeting |
Reference Number |
GMA-26062023-00006 |
Corporate Action ID |
MY230626MEET0006 |
GENERAL MEETINGS: Outcome of Meeting
Type of Meeting |
General |
Indicator |
Outcome of Meeting |
Date of Meeting |
26 Jun 2023 |
Time |
11:00 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 the shareholders of FFB had approved all the resolutions referred to in the Notice of Thirty-First Annual General Meeting ("31st AGM") dated 27 April 2023 at the 31st AGM of FFB held on 26 June 2023.
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 26 June 2023. |
Description |
To approve the declaration of a final tax exempt dividend of 4.0 sen per ordinary share in respect of the financial year ended 31 December 2022. |
Shareholder’s Action |
For Voting |
Voted |
For |
Against |
No. of Shareholders |
371 |
44 |
No. of Shares |
169,470,950 |
19,125 |
% of Voted Shares |
99.9887 |
0.0113 |
Result |
Accepted |
|
|
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 |
352 |
62 |
No. of Shares |
169,339,793 |
145,682 |
% of Voted Shares |
99.9140 |
0.0860 |
Result |
Accepted |
|
|
Description |
To re-elect Mr Mac Chung Hui as Director of the Company. |
Shareholder’s Action |
For Voting |
Voted |
For |
Against |
No. of Shareholders |
359 |
54 |
No. of Shares |
165,624,767 |
23,308 |
% of Voted Shares |
99.9859 |
0.0141 |
Result |
Accepted |
|
|
Description |
To re-elect Encik Anuar Bin Abd Rahman as Director of the Company. |
Shareholder’s Action |
For Voting |
Voted |
For |
Against |
No. of Shareholders |
358 |
55 |
No. of Shares |
169,446,143 |
36,332 |
% of Voted Shares |
99.9786 |
0.0214 |
Result |
Accepted |
|
|
Description |
To approve the payment of Directors' Fees and benefits payable of RM1,000,000.00, from 27 June 2023 until the next Annual General Meeting of the Company. |
Shareholder’s Action |
For Voting |
Voted |
For |
Against |
No. of Shareholders |
316 |
85 |
No. of Shares |
149,113,700 |
178,362 |
% of Voted Shares |
99.8805 |
0.1195 |
Result |
Accepted |
|
|
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 |
360 |
53 |
No. of Shares |
169,459,149 |
26,323 |
% of Voted Shares |
99.9845 |
0.0155 |
Result |
Accepted |
|
|
7. Ordinary Resolution 7 (First Tier) |
Description |
Authority for Encik Sobri Bin Abu to continue in office as an Independent Director of the Company. |
Shareholder’s Action |
For Voting |
Voted |
For |
Against |
No. of Shareholders |
1 |
0 |
No. of Shares |
139,265,343 |
0 |
% of Voted Shares |
100.0000 |
0.0000 |
Result |
Accepted |
|
|
8. Ordinary Resolution 7 (Second Tier) |
Description |
Authority for Encik Sobri Bin Abu to continue in office as an Independent Director of the Company. |
Shareholder’s Action |
For Voting |
Voted |
For |
Against |
No. of Shareholders |
351 |
61 |
No. of Shares |
29,905,699 |
311,433 |
% of Voted Shares |
98.9693 |
1.0307 |
Result |
Accepted |
|
|
Description |
To approve the Proposed Renewal of Authority for Share Buy-Back. |
Shareholder’s Action |
For Voting |
Voted |
For |
Against |
No. of Shareholders |
356 |
58 |
No. of Shares |
169,458,730 |
31,343 |
% of Voted Shares |
99.9815 |
0.0185 |
Result |
Accepted |
|
|
10. Ordinary Resolution 9 |
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 |
340 |
61 |
No. of Shares |
11,178,082 |
36,837 |
% of Voted Shares |
99.6715 |
0.3285 |
Result |
Accepted |
|
|
|
