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The Affin Bank Group is a financial services conglomerate. The Group's activities focus on commercial, Islamic and investment banking services, money broking and underwriting of life and general insurance business.
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 25 May 2023 |
| Time | 10:00 AM |
| Venue(s) |
Broadcast Venue at Level 26, Menara Affin Lingkaran TRX, Tun Razak Exchange 55188 Kuala Lumpur Malaysia |
| Outcome of Meeting |
The Board of Directors of Affin Bank Berhad (the "Company") wishes to announce that all the resolutions set out in the Notice of the 47th Annual General Meeting ("AGM") of the Company dated 26 April 2023 were duly passed by the shareholders of the Company at the 47th AGM held on 25 May 2023.
|
Voting Results |
||
1. Resolution 1 |
||
| Description |
To approve the payment of a single-tier final dividend of 7.77 sen per ordinary share in respect of the financial year ended 31 December 2022. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 1,354 | 50 |
| No. of Shares | 1,984,202,486 | 65,022 |
| % of Voted Shares | 99.9967 | 0.0033 |
| Result | Accepted | |
2. Resolution 2 |
||
| Description |
To re-elect Dato Md Agil bin Mohd Natt who retires by rotation pursuant to Article 118 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 | 1,308 | 89 |
| No. of Shares | 1,983,629,988 | 569,298 |
| % of Voted Shares | 99.9713 | 0.0287 |
| Result | Accepted | |
3. Resolution 3 |
||
| Description |
To re-elect Mr. Ignatius Chan Tze Ching who retires by rotation pursuant to Article 118 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 | 1,317 | 82 |
| No. of Shares | 1,983,738,161 | 462,326 |
| % of Voted Shares | 99.9767 | 0.0233 |
| Result | Accepted | |
4. Resolution 4 |
||
| Description |
To re-elect Dato Rozalila binti Abdul Rahman who retires by rotation pursuant to Article 118 of the Company's Constitution and who being eligible, offers herself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 1,310 | 88 |
| No. of Shares | 1,983,631,588 | 568,498 |
| % of Voted Shares | 99.9713 | 0.0287 |
| Result | Accepted | |
5. Resolution 5 |
||
| Description |
To re-elect Encik Mohammad Ashraf bin Md Radzi who retires pursuant to Article 124 of the Companys Constitution and who being eligible, offers himself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 1,308 | 91 |
| No. of Shares | 1,983,721,787 | 478,300 |
| % of Voted Shares | 99.9759 | 0.0241 |
| Result | Accepted | |
6. Resolution 6 |
||
| Description |
To approve the following fees and payment of the same to the Non-Executive Directors for the period from the 47th AGM to the 48th AGM of the Company: (a) Chairman's fee of RM265,000 per annum; (b) Director's fee of RM165,000 per annum for each Non-Executive Director; (c) Board Committee Chairman's fee of RM50,000 per annum for the Chairman of each Board Committee; and (d) Board Committee Member's fee of RM35,000 per annum for each member of a Board Committee. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 1,261 | 121 |
| No. of Shares | 1,983,522,791 | 585,185 |
| % of Voted Shares | 99.9705 | 0.0295 |
| Result | Accepted | |
7. Resolution 7 |
||
| Description |
To approve the payment of Directors' benefits of an amount up to RM1,800,000 to eligible Non-Executive Directors from the 47th AGM to the 48th AGM of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 1,234 | 148 |
| No. of Shares | 1,983,464,563 | 642,086 |
| % of Voted Shares | 99.9676 | 0.0324 |
| Result | Accepted | |
8. Resolution 8 |
||
| Description |
To re-appoint Messrs PricewaterhouseCoopers PLT as the Company's Auditors for the financial year ending 31 December 2023 and to authorise the Directors to fix the Auditors' remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 1,305 | 95 |
| No. of Shares | 1,980,148,944 | 4,052,543 |
| % of Voted Shares | 99.7958 | 0.2042 |
| Result | Accepted | |
9. Resolution 9 |
||
| Description |
Authority for Directors to Allot and Issue New Ordinary Shares in Affin Bank Berhad (ABB Shares). |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 1,279 | 120 |
| No. of Shares | 1,959,890,889 | 24,312,697 |
| % of Voted Shares | 98.7747 | 1.2253 |
| Result | Accepted | |
10. Resolution 10 |
||
| Description |
Allotment and Issuance of New Ordinary Shares of Affin Bank Berhad (ABB Shares) in relation to the Dividend Reinvestment Plan by the Company that gives the Shareholders of the Company the Option to Reinvest their whole or a portion of the Dividend for which the Reinvestment Option applies in New ABB Shares (Dividend Reinvestment Plan) |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 1,314 | 87 |
| No. of Shares | 1,981,946,824 | 2,319,183 |
| % of Voted Shares | 99.8831 | 0.1169 |
| Result | Accepted | |
11. Resolution 11 |
||
| Description |
Proposed Renewal of Shareholders' Mandate and Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature (Proposed Shareholders' Mandate) |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 1,292 | 103 |
| No. of Shares | 861,918,335 | 4,279,989 |
| % of Voted Shares | 99.5059 | 0.4941 |
| Result | Accepted | |
12. Resolution 12 |
||
| Description |
Proposed establishment of a Long-Term Incentive Plan in the form of an Employees' Share Grant Scheme |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 1,192 | 202 |
| No. of Shares | 1,944,298,833 | 37,515,397 |
| % of Voted Shares | 98.1070 | 1.8930 |
| Result | Accepted | |
13. Resolution 13 |
||
| Description |
Proposed allocation to Datuk Wan Razly Abdullah Wan Ali, the President & Group Chief Executive Officer of ABB |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 1,180 | 211 |
| No. of Shares | 1,944,000,400 | 37,808,903 |
| % of Voted Shares | 98.0922 | 1.9078 |
| Result | Accepted | |
Please refer attachment below.
| Company Name | AFFIN BANK BERHAD |
| Stock Name | AFFIN |
| Date Announced | 25 May 2023 |
| Category | General Meeting |
| Reference Number | GMA-25052023-00014 |
| Corporate Action ID | MY230525MEET0014 |
Attachments
Copyright 2020 Affin Bank Berhad 197501003274 (25046-T).
