GENERAL MEETINGS: Outcome of Meeting
| S P SETIA BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 25 Apr 2024 |
| Time | 10:00 AM |
| Venue(s) |
Broadcast Venue Function Room 1, Setia City Convention Centre No. 1, Jalan Setia Dagang AG U13/AG, Setia Alam, Seksyen U13 40170 Shah Alam, Selangor Darul Ehsan Malaysia Online Platform at https://tiih.online with Remote Participation and Voting (RPV) facilities Malaysia |
| Outcome of Meeting | The Board of Directors of S P Setia Berhad (“S P Setia”) wishes to announce that all the resolutions as set out in the Notice of Forty Ninth Annual General Meeting (“49th AGM”) dated 27 March 2024 have been passed by the shareholders of S P Setia at the 49th AGM held today.
The voting in respect of the resolutions were carried out by way of poll and the results were validated by Coopers Professional Scrutineers Sdn Bhd, the independent scrutineer appointed by S P Setia. Please refer to the attachment for the results of the poll.
This announcement is dated 25 April 2024. |
Voting Results |
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1. 1 |
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| Description |
To re-elect Dato' Azmi Bin Mohd Ali, the Director who retires in accordance with Clause 102 of the Company's Constitution and, being eligible, offers himself for re-election. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 407 | 67 |
| No. of Shares | 3,469,727,846 | 24,292,746 |
| % of Voted Shares | 99.3000 | 0.7000 |
| Result | Accepted | |
2. 2 |
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| Description |
To re-elect Dato' Merina Binti Abu Tahir, the Director who retires in accordance with Clause 102 of the Company's Constitution and, being eligible, offers herself for re-election. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 454 | 52 |
| No. of Shares | 3,574,500,371 | 4,971,981 |
| % of Voted Shares | 99.8600 | 0.1400 |
| Result | Accepted | |
3. 3 |
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| Description |
To re-elect Datuk Ir. Khairil Anwar Bin Ahmad, the Director who retires in accordance with Clause 107 of the Company's Constitution and, being eligible, offers himself for re-election. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 468 | 39 |
| No. of Shares | 3,578,586,201 | 975,791 |
| % of Voted Shares | 99.9700 | 0.0300 |
| Result | Accepted | |
4. 4 |
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| Description |
To re-elect Datin Wan Daneena Liza Binti Wan Abdul Rahman who retires in accordance with Clause 107 of the Company's Constitution and, being eligible, offers herself for re-election. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 464 | 41 |
| No. of Shares | 3,578,488,753 | 983,596 |
| % of Voted Shares | 99.9700 | 0.0300 |
| Result | Accepted | |
5. 5 |
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| Description |
To re-elect Lim Fu Yen who retires in accordance with Clause 107 of the Company's Constitution and, being eligible, offers himself for re-election. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 456 | 51 |
| No. of Shares | 3,574,675,562 | 4,886,430 |
| % of Voted Shares | 99.8600 | 0.1400 |
| Result | Accepted | |
6. 6 |
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| Description |
To approve the payment of Directors' fees amounting to RM50,000 per month for the Non-Executive Chairman and RM12,000 per month for each of the Non-Executive Directors for the period from 26 April 2024 up to the date of the next Annual General Meeting. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 452 | 54 |
| No. of Shares | 3,579,419,549 | 142,422 |
| % of Voted Shares | 99.9960 | 0.0040 |
| Result | Accepted | |
7. 7 |
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| Description |
To approve the payment of Directors other remuneration and benefits to the Non-Executive Directors for the period from 26 April 2024 up to the date of the next Annual General Meeting amounting up to approximately RM2,400,000. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 448 | 59 |
| No. of Shares | 3,579,146,743 | 415,249 |
| % of Voted Shares | 99.9900 | 0.0100 |
| Result | Accepted | |
8. 8 |
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| Description |
To re-appoint Messrs Ernst & Young PLT, Chartered Accountants, the retiring auditors, as the auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 470 | 36 |
| No. of Shares | 3,578,736,931 | 825,058 |
| % of Voted Shares | 99.9800 | 0.0200 |
| Result | Accepted | |
9. 9 |
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| Description |
Proposed shareholders' mandate for recurrent related party transactions of a revenue or trading nature as specified in Section 2.3.1 of the Circular to Shareholders dated 27 March 2024. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 458 | 38 |
| No. of Shares | 1,075,854,545 | 50,818 |
| % of Voted Shares | 99.9950 | 0.0050 |
| Result | Accepted | |
10. 10 |
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| Description |
Proposed renewal of the authority to allot and issue new ordinary shares in the Company ("S P Setia Shares"), for the purpose of the Company's Dividend Reinvestment Plan that provides the shareholders of the Company the option to elect to reinvest their cash dividend in new S P Setia Shares.
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 469 | 39 |
| No. of Shares | 3,579,263,344 | 298,691 |
| % of Voted Shares | 99.9900 | 0.0100 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | S P SETIA BERHAD |
| Stock Name | SPSETIA |
| Date Announced | 25 Apr 2024 |
| Category | General Meeting |
| Reference Number | GMA-23042024-00031 |
| Corporate Action ID | MY240423MEET0030 |