GENERAL MEETINGS: Outcome of Meeting

NESTLE (MALAYSIA) BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 30 Apr 2020
Time 10:00 AM

Venue(s)
NESTLÉ (MALAYSIA) BERHAD

22-1, 22ND FLOOR, MENARA SURIAN

NO. 1, JALAN PJU 7/3, MUTIARA DAMANSARA

47810 PETALING JAYA

Malaysia

Outcome of Meeting

 

Outcome of Meeting

The Board of Directors of Nestlé (Malaysia) Berhad ("Company") wishes to announce that all the Ordinary Resolutions as set out in the Notice of the 36th (Thirty-Sixth) Annual General Meeting (“AGM”) of the Company dated 1 April 2020 were duly passed by the shareholders at the AGM of the Company held today, 30 April 2020, except for Ordinary Resolution 3 which was withdrawn.

In this respect, the Company had on 13 April 2020 made an announcement on re-classification of Proposed Final Dividend to Third Interim Dividend for the financial year ended 31 December 2019 and thereafter withdrawn the Ordinary Resolution 3 on 23 April 2020.  Please refer to the announcements on the respective dates for further details.

All the Ordinary Resolutions were voted by poll and the results of the poll were validated by Coopers Professional Scrutineers Sdn. Bhd., the independent scrutineer appointed by the Company.

Please refer to the attachment for the poll results.

This announcement is dated 30 April 2020.


Voting Results


1. Ordinary Resolution 1

Description
TO RE-ELECT Dato Mohd. Rafik Bin Shah Mohamad as Director of the Company, who retires by rotation in accordance with Article 97.1 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 494 157
No. of Shares 202,044,319 6,573,548
% of Voted Shares 96.8490 3.1510
Result Accepted

2. Ordinary Resolution 2

Description
TO APPOINT Ernst & Young PLT (Firm No. 202006000003 (LLP0022760-LCA) & AF 0039), as the Auditors of the Company in place of the outgoing Auditors, KPMG PLT ((LLP0010081-LCA) & AF 0758), and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 639 7
No. of Shares 208,531,864 97,903
% of Voted Shares 99.9531 0.0469
Result Accepted

3. Ordinary Resolution 3 (Withdrawn)

Description
TO APPROVE the payment of a final dividend of 140 sen per share, under a single-tier system, in respect of the financial year ended 31 December 2019.
Shareholder’s Action For Voting

4. Ordinary Resolution 4

Description
TO APPROVE the payment of Directors' Fees amounting to RM1,240,000.00 for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 620 10
No. of Shares 208,601,457 1,006
% of Voted Shares 99.9995 0.0005
Result Accepted

5. Ordinary Resolution 5

Description
TO APPROVE the payment of Directors'  Benefits amounting to RM200,000.00 for the financial period from 1 July 2020 to 30 June 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 619 11
No. of Shares 207,665,108 4,856
% of Voted Shares 99.9977 0.0023
Result Accepted

6. Ordinary Resolution 6

Description
TO RETAIN Dato' Mohd. Rafik Bin Shah Mohamad who has served for a cumulative term of more than nine years as an Independent Director in accordance with Article 97.3.1 of the Constitution of the Company and in accordance with the Malaysian Code on Corporate Governance ("MCCG 2017").
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 496 154
No. of Shares 199,463,615 9,154,249
% of Voted Shares 95.6120 4.3880
Result Accepted

7. Ordinary Resolution 7

Description
Proposed Renewal of Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature as set out under Section 2.3(a) of the Circular to Shareholders dated 1 April 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 638 5
No. of Shares 38,312,101 403
% of Voted Shares 99.9989 0.0011
Result Accepted



Please refer attachment below.

Attachments

Poll Results Validated.pdf
217.0 kB




Announcement Info

Company Name NESTLE (MALAYSIA) BERHAD
Stock Name NESTLE
Date Announced 30 Apr 2020
Category General Meeting
Reference Number GMA-30042020-00005
Corporate Action ID MY200430MEET0002