GENERAL MEETINGS: Outcome of Meeting
| Type of Meeting |
General |
| Indicator |
Outcome of Meeting |
| Date of Meeting |
05 Aug 2020 |
| Time |
10:00 AM |
| Venue(s) |
Banyan Function Room, Sime Darby Convention Centre,
1A, Jalan Bukit Kiara 1,
60000 Kuala Lumpur
Malaysia
|
| Outcome of Meeting |
On behalf of the Board of Directors of Reach Energy Berhad ("REB"), we are pleased to announce that at the Seventh Annual General Meeting ("7th AGM") of REB held today, 5 August 2020, the shareholders of REB have approved all the resolutions referred to in the Notice of the 7th AGM dated 30 June 2020 save for Ordinary Resolution 3 that has been withdrawn.
All the resolutions were determined by way of poll and the results of the poll were validated by the Independent Scrutineer, Boardroom Corporate Services Sdn. Bhd.. |
Voting Results |
|
1. 1
|
| Description |
To re-elect Tan Sri Dr. Azmil Khalili bin Dato' Khalid, who retires by rotation pursuant to Clause 86 of the Constitution of the Company.
|
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
40 |
8 |
| No. of Shares |
256,475,239 |
108,550 |
| % of Voted Shares |
99.9577 |
0.0423 |
| Result |
Accepted |
|
2. 2
|
| Description |
To re-elect Encik Nik Din bin Nik Sulaiman, who retires by rotation pursuant to Clause 86 of the Constitution of the Company.
|
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
40 |
8 |
| No. of Shares |
276,075,239 |
108,550 |
| % of Voted Shares |
99.9607 |
0.0393 |
| Result |
Accepted |
|
3. 3
|
| Description |
To re-elect Encik Ikram Iskandar bin Abd Rahim who retires pursuant to Clause 91 of the Constitution of the Company.
|
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
0 |
0 |
| No. of Shares |
0 |
0 |
| % of Voted Shares |
0.0000 |
0.0000 |
| Result |
Withdrawn/ Postponed |
|
4. 4
|
| Description |
To re-elect Encik Ku Azhar bin Ku Akil who retires pursuant to Clause 91 of the Constitution of the Company.
|
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
41 |
8 |
| No. of Shares |
276,475,239 |
108,550 |
| % of Voted Shares |
99.9608 |
0.0392 |
| Result |
Accepted |
|
5. 5
|
| Description |
To approve the proposed payment of Directors' fees amounting to RM400,000 in respect of the financial year ending 31 December 2020, to be made payable quarterly.
|
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
36 |
13 |
| No. of Shares |
276,174,639 |
409,150 |
| % of Voted Shares |
99.8521 |
0.1479 |
| Result |
Accepted |
|
6. 6
|
| Description |
To approve the payment of Directors' benefits (other than Directors' fees) up to amount of RM400,000 for the period from 1 January 2020 until the conclusion of the next Annual General Meeting of the Company, to be made payable quarterly.
|
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
35 |
14 |
| No. of Shares |
276,167,339 |
416,450 |
| % of Voted Shares |
99.8494 |
0.1506 |
| Result |
Accepted |
|
7. 7
|
| Description |
To re-appoint PricewaterhouseCoppers PLT (LLP0014401-LCA & AF1146) as the Company's Auditors and to authorise the Board of Directors to determine their remuneration.
|
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
46 |
5 |
| No. of Shares |
279,280,139 |
103,650 |
| % of Voted Shares |
99.9629 |
0.0371 |
| Result |
Accepted |
|
8. 8
|
| Description |
Authority for Directors to issue and allot shares in the Company pursuant to Sections 75 and 76 of the Companies Act, 2016.
|
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
38 |
13 |
| No. of Shares |
278,962,139 |
421,650 |
| % of Voted Shares |
99.8491 |
0.1509 |
| Result |
Accepted |
|
9. 9
|
| Description |
Proposed Amendment to the Clause in the Company's Constitution.
|
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
42 |
6 |
| No. of Shares |
278,970,239 |
113,550 |
| % of Voted Shares |
99.9593 |
0.0407 |
| Result |
Accepted |
|
Please refer attachment below.
Announcement Info
| Company Name |
REACH ENERGY BERHAD
|
| Stock Name |
REACH |
| Date Announced |
05 Aug 2020 |
| Category |
General Meeting |
| Reference Number |
GMA-05082020-00003 |
| Corporate Action ID |
MY200805MEET0003 |