GENERAL MEETINGS: Outcome of Meeting

IOI CORPORATION BERHAD

Type of Meeting Annual General Meeting
Indicator Outcome of Meeting
Date of Meeting 25 Oct 2019
Time 10:00 AM
Venue
Millennium Ballroom 1 (Level 1), Le Meridien Putrajaya, Lebuh IRC, IOI Resort City, 62502 Putrajaya, Malaysia
Outcome of Meeting

The Board of Directors of IOI Corporation Berhad (the "Company”) is pleased to announce that the Fiftieth Annual General Meeting ("AGM") of the Company was held on Friday, 25 October 2019 and the ordinary resolutions 1 to 11 and special resolution set forth in the Notice of the AGM were duly passed by way of poll. The poll results were subject to scrutiny by the scrutineer, Boardroom Share Registrars Sdn Bhd ("Boardroom"), whose work was limited to certain procedures requested by the Company to agree the poll results summary prepared by the Company. The work performed by Boardroom in this respect did not constitute an audit in accordance with approved auditing standards nor did it include provision of any assurance or advice on matters of legal interpretation or entitlement to vote.

 

The details of the poll results are set out below.

 

This announcement is dated 25 October 2019

Voting Results

Resolution Vote in favour Vote Against Results
No. of Shares % No. of Shares %
Ordinary Resolution 1

To approve the payment of a final single tier dividend
5,294,041,344 99.999897 5,466 0.000103 Carried
Ordinary Resolution 2

To re-elect Tan Sri Peter Chin Fah Kui as a Director
5,277,586,823 99.696831 16,048,671 0.303169 Carried
Ordinary Resolution 3

To re-elect Lee Yeow Seng as a Director
4,852,747,321 91.683464 440,188,955 8.316536 Carried
Ordinary Resolution 4

To approve Directors’ fees for the financial year ending 30 June 2020 payable quarterly in arrears
5,212,104,715 98.461509 81,440,748 1.538492 Carried
Ordinary Resolution 5

To approve the payment of Directors’ benefits for the period from 25 October 2019 until the next AGM 
5,293,428,262 99.997261 145,001 0.002739 Carried
Ordinary Resolution 6

To re-appoint Messrs BDO PLT as Auditors and to authorise the Audit and Risk Management Committee to fix their remuneration
5,270,957,192 99.573427 22,580,826 0.426573 Carried
Ordinary Resolution 7

To approve Datuk Karownakaran @ Karunakaran a/l Ramasamy to continue in office as an Independent Non-Executive Director
4,686,443,958 88.531122 607,111,435 11.468879 Carried
Ordinary Resolution 8

To authorise the Directors to allot and issue shares pursuant to Section 76 of the Companies Act 2016
4,593,829,109 86.908208 692,011,206 13.091792 Carried
Ordinary Resolution 9

To approve the proposed renewal of existing share buy-back authority
5,291,504,837 99.991805 433,668 0.008195 Carried
Ordinary Resolution 10

To approve the proposed renewal of shareholders’ mandate for recurrent related party transactions

2,267,267,958 99.977271 515,452 0.022729 Carried
Ordinary Resolution 11

To approve the proposed gratuity payment to Former Executive Chairman
1,193,967,845 52.646721 1,073,918,595 47.353279 Carried
Special Resolution 

To approve the proposed amendments to the Constitution of the Company
5,243,723,266 99.915023 4,459,742 0.084977 Carried


Please refer attachment below.



Announcement Info

Company Name IOI CORPORATION BERHAD
Stock Name IOICORP
Date Announced 25 Oct 2019
Category General Meeting
Reference Number GMA-17102019-00005