GENERAL MEETINGS: Outcome of Meeting
| FAVELLE FAVCO BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 26 Jun 2025 |
| Time | 11:00 AM |
| Venue(s) |
Concorde Hotel Shah Alam Concorde I, Level 2 No. 3, Jalan Tengku Ampuan Zabedah C9/C 40100 Shah Alam, Selangor Darul Ehsan Malaysia |
| Outcome of Meeting | On behalf of the Board of Directors of Favelle Favco Berhad ("FFB" or "the Company"), we are pleased to announce that the shareholders of FFB had approved all the resolutions referred to in the Notice of Thirty-Third Annual General Meeting ("33rd AGM") dated 29 April 2025 at the 33rd AGM of FFB held on 26 June 2025.
All the resolutions were determined by way of poll and the results of the poll were validated by Coopers Professional Scrutineers Sdn Bhd, the Independent Scrutineer appointed by the Company.
This announcement is dated 26 June 2025. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the declaration of a first and final tax-exempt dividend of 9.0 sen per ordinary share in respect of the financial year ended 31 December 2024. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 127 | 2 |
| No. of Shares | 180,080,901 | 1,100 |
| % of Voted Shares | 99.9994 | 0.0006 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To re-elect Encik Mazlan bin Abdul Hamid who retires by rotation pursuant to Article 85 of the Constitution of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 121 | 6 |
| No. of Shares | 177,402,701 | 85,700 |
| % of Voted Shares | 99.9517 | 0.0483 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To approve the payment of Directors' fees and benefits payable up to an amount of RM1,000,000.00, from 27 June 2025 until the next AGM of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 126 | 3 |
| No. of Shares | 180,075,901 | 6,100 |
| % of Voted Shares | 99.9966 | 0.0034 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-appoint Messrs Crowe Malaysia PLT as the Company's Auditors for the ensuing year and to authorise the Directors to fix their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 126 | 2 |
| No. of Shares | 179,780,901 | 1,100 |
| % of Voted Shares | 99.9994 | 0.0006 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To approve the Proposed Renewal of Authority for Share Buy-Back |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 126 | 2 |
| No. of Shares | 179,780,901 | 1,100 |
| % of Voted Shares | 99.9994 | 0.0006 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To approve the Proposed Renewal of the Existing Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 110 | 2 |
| No. of Shares | 9,882,545 | 1,100 |
| % of Voted Shares | 99.9889 | 0.0111 |
| Result | Accepted | |
Announcement Info
| Company Name | FAVELLE FAVCO BERHAD |
| Stock Name | FAVCO |
| Date Announced | 26 Jun 2025 |
| Category | General Meeting |
| Reference Number | GMA-24062025-00005 |
| Corporate Action ID | MY250624MEET0005 |