GENERAL MEETINGS: Outcome of Meeting
| MALAYAN BANKING BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 25 Apr 2024 |
| Time | 10:00 AM |
| Venue(s) |
Ballroom, Level 3 Malaysia International Trade and Exhibition Centre (MITEC) Kompleks MITEC, No. 8, Jalan Dutamas 2 50480 Kuala Lumpur Malaysia Virtual Meeting Platform via Boardroom Smart Investor Portal at https://investor.boardroomlimited.com with Remote Participation and Electronic Voting facilities Malaysia |
| Outcome of Meeting | The Board of Directors of Malayan Banking Berhad (the "Company") wishes to announce that all the resolutions set out in the Notice of the 64th Annual General Meeting ("AGM") of the Company dated 27 March 2024 were duly passed by the shareholders of the Company at the 64th AGM held on 25 April 2024.
The Audited Financial Statements of the Company for the financial year ended 31 December 2023 and the Reports of the Directors and Auditors thereon were received and duly tabled at the 64th AGM under Agenda 1.
All the resolutions were voted by poll in accordance with Paragraph 8.29A of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. The results of the poll were validated by Messrs. Deloitte Business Advisory Sdn Bhd, the independent scrutineers appointed by the Company.
Please refer to the attachment for the detailed poll results.
This announcement is dated 25 April 2024. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To re-elect Tan Sri Dato' Sri Ir. Zamzamzairani Mohd Isa as Director of the Company, who retires by rotation in accordance with Articles 104 and 105 of the Company's Constitution and being eligible, offers himself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 5,932 | 294 |
| No. of Shares | 9,541,506,265 | 46,921,072 |
| % of Voted Shares | 99.5106 | 0.4894 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To re-elect Dr Hasnita Dato' Hashim as Director of the Company, who retires by rotation in accordance with Articles 104 and 105 of the Company's Constitution and being eligible, offers herself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 5,931 | 294 |
| No. of Shares | 9,559,071,422 | 39,105,601 |
| % of Voted Shares | 99.5926 | 0.4074 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To re-elect Ms Che Zakiah Che Din as Director of the Company, who retires by rotation in accordance with Articles 104 and 105 of the Company's Constitution and being eligible, offers herself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 5,947 | 286 |
| No. of Shares | 9,596,541,994 | 1,763,614 |
| % of Voted Shares | 99.9816 | 0.0184 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-elect Dato' Khairussaleh Ramli as Director of the Company, who retires by rotation in accordance with Articles 104 and 105 of the Company's Constitution and being eligible, offers himself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 5,962 | 272 |
| No. of Shares | 9,591,240,681 | 7,236,410 |
| % of Voted Shares | 99.9246 | 0.0754 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To re-elect Datuk Yee Yang Chien as Director of the Company, who retires in accordance with Article 108 of the Company's Constitution and being eligible, offers himself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 5,969 | 284 |
| No. of Shares | 9,470,464,986 | 128,003,004 |
| % of Voted Shares | 98.6664 | 1.3336 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To approve the payment of the following fees to Non-Executive Directors for the period from the 64th AGM to the 65th AGM of the Company: (i) Chairman's fee of RM700,000 per annum; (ii) Vice Chairman's fee of RM500,000 per annum; (iii) Director's fee of RM335,000 per annum for each Non-Executive Director; (iv) Board Committee Chairman's fee of RM85,000 per annum for the Chairman of each Board Committee; and (v) Board Committee Member's fee of RM50,000 per annum for each member of a Board Committee. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 5,576 | 629 |
| No. of Shares | 9,594,227,179 | 4,031,186 |
| % of Voted Shares | 99.9580 | 0.0420 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
To approve the payment of benefits to eligible Non-Executive Directors of an amount up to RM3,770,000 for the period from the 64th AGM to the 65th AGM of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 5,514 | 689 |
| No. of Shares | 9,591,167,068 | 7,146,395 |
| % of Voted Shares | 99.9255 | 0.0745 |
| Result | Accepted | |
8. Ordinary Resolution 8 |
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| Description |
To re-appoint Messrs Ernst & Young PLT as Auditors of the Company for the financial year ending 31 December 2024 and to authorise the Directors to fix their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 5,968 | 284 |
| No. of Shares | 9,559,166,261 | 39,493,099 |
| % of Voted Shares | 99.5886 | 0.4114 |
| Result | Accepted | |
9. Ordinary Resolution 9 |
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| Description |
Allotment and issuance of new ordinary shares in Maybank (Maybank Shares) in relation to the Recurrent and Optional Dividend Reinvestment Plan (DRP) that allows shareholders of Maybank to reinvest their dividend to which the DRP applies, in new Maybank shares. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 5,984 | 286 |
| No. of Shares | 9,591,606,844 | 10,441,302 |
| % of Voted Shares | 99.8913 | 0.1087 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | MALAYAN BANKING BERHAD |
| Stock Name | MAYBANK |
| Date Announced | 25 Apr 2024 |
| Category | General Meeting |
| Reference Number | GMA-24042024-00058 |
| Corporate Action ID | MY240424MEET0057 |