General Meeting

26/05/2022

GENERAL MEETINGS: Outcome of Meeting

KENANGA INVESTMENT BANK BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 26 May 2022
Time 11:00 AM

Venue(s) 
Broadcast Venue at

Level 19, Kenanga Tower, 237

Jalan Tun Razak

50400 Kuala Lumpur, Wilayah Persekutuan

Malaysia 

Virtual Meeting Platform at https://meeting.boardroomlimited.my/

(Domain Registration No. with MYNIC - D6A357657)

with Remote Participation and Electronic Voting Facilities

Malaysia

Outcome of Meeting

The Board of Directors of Kenanga Investment Bank Berhad ("the Company") is pleased to announce that all the Ordinary Resolutions as set out in the Notice of the Forty-Eighth (48th) Annual General Meeting ("48th AGM") of the Company dated 27 April 2022 were duly passed by the shareholders of the Company at the 48th AGM held today, 26 May 2022. 

 

All the Ordinary Resolutions were voted by poll via  Remote Participation and Electronic Voting Facilities. The results of the poll were validated by Boardroom Corporate Services Sdn Bhd, the Independent Scrutineers appointed by the Company. Please refer to the attachment for the poll results. 

 

The announcement is dated on 26 May 2022. 

Voting Results

1. Ordinary Resolution 1

Description 
To elect Mr. Choy Khai Choon who retires in accordance with Clause 84 of the Company's Constitution and who, being eligible, offers himself for election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 543 68
No. of Shares 326,261,560 40,925
% of Voted Shares 99.9875 0.0125
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Encik Ismail Harith Merican who retires by rotation in accordance with Clause 78 of the Company's Constitution and who, being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 529 79
No. of Shares 362,018,867 44,339
% of Voted Shares 99.9878 0.0122
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mr. Luk Wai Hong, William who retires by rotation in accordance with Clause 78 of the Company's Constitution and who, being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 543 68
No. of Shares 463,090,251 40,925
% of Voted Shares 99.9912 0.0088
Result Accepted

4. Ordinary Resolution 4

Description 
To approve the payment of Directors' fees totaling RM3,072,054.80 in respect of the Financial Year Ended 31 December 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 450 151
No. of Shares 461,821,114 246,789
% of Voted Shares 99.9466 0.0534
Result Accepted

5. Ordinary Resolution 5

Description 
To approve the payment of benefits payable to Non-Executive Directors of up to an amount of RM1,300,000.00 from 27 May 2022 until the next AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 449 154
No. of Shares 462,410,096 299,661
% of Voted Shares 99.9352 0.0648
Result Accepted

6. Ordinary Resolution 6

Description 
To re-appoint Ernst & Young PLT as Auditors of the Company for the Financial Year Ending 31 December 2022 and to authorise the Board of Directors to determine their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 558 54
No. of Shares 463,090,848 48,392
% of Voted Shares 99.9896 0.0104
Result Accepted

7. Ordinary Resolution 7

Description 
To approve the Authority to Directors to Issue Shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 503 111
No. of Shares 418,161,355 44,980,436
% of Voted Shares 90.2880 9.7120
Result Accepted

8. Ordinary Resolution 8

Description 
To approve the Proposed Renewal of Share Buy-Back Authority.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 549 66
No. of Shares 463,089,924 51,872
% of Voted Shares 99.9888 0.0112
Result Accepted



Please refer attachment below.



Announcement Info

Company Name KENANGA INVESTMENT BANK BERHAD
Stock Name KENANGA
Date Announced 26 May 2022
Category General Meeting
Reference Number GMA-12052022-00007
Corporate Action ID MY220512MEET0006


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