Bursa Announcements
Date : 02 September 2020
GENERAL MEETINGS: Outcome of Meeting
| SUNWAY BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 02 Sep 2020 |
| Time | 11:30 AM |
| Venue(s) |
Broadcast venue at Penthouse, Level 20, Menara Sunway Jalan Lagoon Timur, Bandar Sunway 47500 Subang Jaya Selangor Darul Ehsan Malaysia |
| Outcome of Meeting | We wish to announce that all the ordinary resolutions as set out in the Notice of the 10th Annual General Meeting ("AGM") dated 30 July 2020 were duly approved by the shareholders of Sunway Berhad today.
All the resolutions were voted by poll via Remote Participation and Voting (RPV) at www.sunwaymanagement.com.my at the 10th AGM.
The results of the poll were validated by BDO Consulting Sdn Bhd, the independent scrutineer appointed by Sunway as per attachment and are set out below.
This announcement is dated 2 September 2020. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the payment of Directors' fees amounting to RM855,000.00 for the financial year ended 31 December 2019. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 103 | 35 |
| No. of Shares | 4,010,767,786 | 176,935 |
| % of Voted Shares | 99.9956 | 0.0044 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To approve the payment of benefits payable to the Non-Executive Directors of up to an amount of RM600,000.00 from 3 September 2020 until the conclusion of the next AGM of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 94 | 41 |
| No. of Shares | 4,006,721,424 | 295,750 |
| % of Voted Shares | 99.9926 | 0.0074 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To re-elect Tan Sri Dato' Dr. Lin See Yan who retires by rotation pursuant to Clause 106(1) of the Company's Constitution and being eligible, offers himself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 123 | 18 |
| No. of Shares | 3,499,412,652 | 510,496,319 |
| % of Voted Shares | 87.2691 | 12.7309 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-elect Ms Sarena Cheah Yean Tih who retires by rotation pursuant to Clause 106(1) of the Company's Constitution and being eligible, offers herself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 132 | 11 |
| No. of Shares | 3,958,979,939 | 46,739,935 |
| % of Voted Shares | 98.8332 | 1.1668 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To re-elect Mr Philip Yeo Liat Kok who retires pursuant to Clause 89 of the Company's Constitution and being eligible, offers himself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 127 | 16 |
| No. of Shares | 4,002,535,525 | 4,519,441 |
| % of Voted Shares | 99.8872 | 0.1128 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To re-appoint Messrs BDO PLT as Auditors of the Company to hold office until the conclusion of the next AGM and to authorise the Directors to fix their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 132 | 9 |
| No. of Shares | 4,010,944,290 | 26,939 |
| % of Voted Shares | 99.9993 | 0.0007 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
Retention of Mr Wong Chin Mun as an Independent Non-Executive Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 119 | 20 |
| No. of Shares | 3,946,564,422 | 60,481,268 |
| % of Voted Shares | 98.4906 | 1.5094 |
| Result | Accepted | |
8. Ordinary Resolution 8 |
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| Description |
Authority to Issue Shares pursuant to Sections 75 and 76 of the Companies Act 2016. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 123 | 16 |
| No. of Shares | 3,959,329,374 | 47,707,633 |
| % of Voted Shares | 98.8094 | 1.1906 |
| Result | Accepted | |
9. Ordinary Resolution 9 |
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| Description |
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 128 | 11 |
| No. of Shares | 937,530,270 | 43,294 |
| % of Voted Shares | 99.9954 | 0.0046 |
| Result | Accepted | |
10. Ordinary Resolution 10 |
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| Description |
Proposed Renewal of Share Buy-Back Authority. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 131 | 8 |
| No. of Shares | 3,999,293,709 | 11,568,600 |
| % of Voted Shares | 99.7116 | 0.2884 |
| Result | Accepted | |
11. Ordinary Resolution 11 |
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| Description |
Proposed renewal of the authority for Directors to allot and issue new ordinary shares in the Company ("Sunway Shares") in relation to the Dividend Reinvestment Scheme that provides the shareholders of the Company with the option to elect to reinvest their cash dividend entitlements in Sunway Shares.
|
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 125 | 15 |
| No. of Shares | 4,005,090,641 | 1,947,366 |
| % of Voted Shares | 99.9514 | 0.0486 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | SUNWAY BERHAD |
| Stock Name | SUNWAY |
| Date Announced | 02 Sep 2020 |
| Category | General Meeting |
| Reference Number | GMA-02092020-00008 |
| Corporate Action ID | MY200902MEET0008 |