GENERAL MEETINGS: Outcome of Meeting

LBS BINA GROUP BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 27 Jul 2020
Time 10:00 AM

Venue(s)
Ballrooom III, Main Wing, Jalan Kelab Tropicana

Tropicana Golf & Country Resort

47100 Petaling Jaya

Selangor Darul Ehsan

Malaysia

Outcome of Meeting

The Board of Directors of LBS Bina Group Berhad (“Company” or “LBGB”) wishes to announce that the shareholders of the Company have approved all the resolutions as set out in the Notice of Twentieth Annual General Meeting dated 11 June 2020 held at Ballroom lII, Main Wing, Jalan Kelab Tropicana, Tropicana Golf & Country Resort, 47410 Petaling Jaya, Selangor Darul Ehsan on Monday, 27 July 2020 at 10.00 a.m.

All the resolutions were voted by poll and the results of the poll were validated by Asia Securities Sdn Berhad, the Independent Scrutineer appointed by the Company. Details of the said results are set out below.

In connection thereto, the First and Final Single Tier Dividend in respect of the financial year ended 31 December 2019 comprising Treasury Shares distribution in the ratio of 3 Treasury Shares for every 100 existing Ordinary Shares held, fractions of Treasury Shares to be disregarded, will be credited on 14 August 2020 to depositors registered in the Record of Depositors on 30 July 2020.

This announcement is dated 27 July 2020.


Voting Results


1. Resolution 1

Description
To approve the payment of a First and Final Single Tier Dividend in respect of the financial year ended 31 December 2019 comprising Treasury Shares distribution in the ratio of 3 Treasury Shares for every 100 existing Ordinary Shares held, fractions of Treasury Shares will be disregarded. 
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 103 2
No. of Shares 881,212,819 9,500
% of Voted Shares 99.9989 0.0011
Result Accepted

2. Resolution 2

Description
To approve the payment of Directors Fees of RM166,950 for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 100 3
No. of Shares 880,660,019 38,700
% of Voted Shares 99.9956 0.0044
Result Accepted

3. Resolution 3

Description
To approve the payment of Directors Fees, allowances and benefits-in-kind to the Directors of the Company up to an amount of RM2.6 million, for the period from the conclusion of 20th Annual General Meeting to the next Annual General Meeting in 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 73 6
No. of Shares 279,736,937 129,190
% of Voted Shares 99.9538 0.0462
Result Accepted

4. Resolution 4

Description
To re-elect the Director, Dato Seri Lim Bock Seng who retires in accordance with Clause 100 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 102 3
No. of Shares 879,317,599 1,904,720
% of Voted Shares 99.7839 0.2161
Result Accepted

5. Resolution 5

Description
To re-elect the Director, Dato Chia Lok Yuen who retires in accordance with Clause 100 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 86 19
No. of Shares 858,795,761 22,426,558
% of Voted Shares 97.4551 2.5449
Result Accepted

6. Resolution 6

Description
To re-elect the Director, Datuk Dr. Haji Baharum Bin Haji Mohamed who retires in accordance with Clause 100 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 103 2
No. of Shares 881,131,939 90,380
% of Voted Shares 99.9897 0.0103
Result Accepted

7. Resolution 7

Description
To re-appoint Messrs. UHY as Auditors and to authorise the Directors to fix their remuneration. 
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 104 1
No. of Shares 881,220,819 1,500
% of Voted Shares 99.9998 0.0002
Result Accepted

8. Resolution 8

Description
Authority to issue shares pursuant to Sections 75 & 76 of the Companies Act, 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 101 4
No. of Shares 874,919,509 6,302,810
% of Voted Shares 99.2848 0.7152
Result Accepted

9. Resolution 9

Description
Proposed shareholders' mandate for recurrent related party transactions of a revenue or trading nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 60 2
No. of Shares 42,586,772 1,610
% of Voted Shares 99.9962 0.0038
Result Accepted

10. Resolution 10

Description
Proposed renewal of Share Buy-Back authority
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 104 1
No. of Shares 874,935,319 6,287,000
% of Voted Shares 99.2866 0.7134
Result Accepted






Announcement Info

Company Name LBS BINA GROUP BERHAD
Stock Name LBS
Date Announced 27 Jul 2020
Category General Meeting
Reference Number GMA-23072020-00022
Corporate Action ID MY200723MEET0022