WILMAR INTERNATIONAL LIMITED WILMAR INTERNATIONAL LIMITED
(Incorporated in the Republic of Singapore)
(Company Registration No.: 199904785Z)
RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 19 APRIL 2024
Wilmar International Limited ("Wilmar") is pleased to announce that at its Annual General Meeting ("AGM") held on 19 April 2024, all resolutions set out in the Notice of AGM dated 28 March 2024 were passed by poll vote.
The information as required under Rule 704(16) of the Listing Manual of the Singapore Exchange Securities Trading Limited ("SGX-ST") is set out below:
A. Breakdown of all valid votes cast at the AGM
Resolution Number and Details
ORDINARY BUSINESS
Ordinary Resolution 1 To receive and adopt the Directors' Statement, Audited Financial Statements and the Auditor's Report for the financial year ended 31 December 2023
Ordinary Resolution 2
To declare a final dividend of S$0.11 per ordinary share
Ordinary Resolution 3 To approve the payment of Directors' Fees for the financial year ended 31 December 2023
Ordinary Resolution 4
To re-elect Mr Kuok Khoon Hong as a Director
Ordinary Resolution 5
To re-elect Mr Pua Seck Guan as a Director
Ordinary Resolution 6
To re-elect Ms Teo La-Mei as a Director
Ordinary Resolution 7
To re-elect Dr Cheung Chi Yan, Louis as a Director
Ordinary Resolution 8
To re-elect Ms Jessica Cheam as a Director
Total Number of | For | Against | ||
Shares | ||||
Represented by | ||||
Votes "For" and | Number of | Percentage | Number of | Percentage |
"Against" the | ||||
Shares | (%) | Shares | (%) | |
Relevant | ||||
Resolution | ||||
5,379,420,358 | 5,377,145,391 | 99.96 | 2,274,967 | 0.04 |
5,388,942,691 | 5,388,850,267 | 100.00 | 92,424 | 0.00 |
5,130,471,258 | 5,130,219,934 | 100.00 | 251,324 | 0.00 |
5,385,874,391 | 5,232,098,371 | 97.14 | 153,776,020 | 2.86 |
5,387,125,197 | 5,326,003,171 | 98.87 | 61,122,026 | 1.13 |
5,385,410,491 | 5,341,629,977 | 99.19 | 43,780,514 | 0.81 |
5,387,114,091 | 5,383,944,937 | 99.94 | 3,169,154 | 0.06 |
5,387,115,891 | 5,372,845,280 | 99.74 | 14,270,611 | 0.26 |
1
Resolution Number and Details
Ordinary Resolution 9
To re-appoint Ernst & Young LLP as Auditor and to authorise the Directors to fix their remuneration
SPECIAL BUSINESS
Ordinary Resolution 10
To authorise Directors to issue shares and to make or grant instruments convertible into shares pursuant to Section 161 of the Companies Act 1967 of Singapore
Ordinary Resolution 11
To authorise Directors to offer and grant share options and to issue and allot shares pursuant to the Wilmar Executives Share Option Scheme 2019
Ordinary Resolution 12 To approve the renewal of Interested Person Transactions Mandate
Ordinary Resolution 13
To approve the renewal of Share Purchase Mandate
Total Number of
Shares
Represented by Votes "For" and "Against" the Relevant Resolution
5,388,855,191
5,387,156,791
4,196,429,080
921,169,255
5,388,904,991
For | Against | ||
Number of | Percentage | Number of | Percentage |
Shares | (%) | Shares | (%) |
5,382,803,685 | 99.89 | 6,051,506 | 0.11 |
5,294,328,675 | 98.28 | 92,828,116 | 1.72 |
3,438,064,063 | 81.93 | 758,365,017 | 18.07 |
814,135,467 | 88.38 | 107,033,788 | 11.62 |
5,378,236,857 | 99.80 | 10,668,134 | 0.20 |
B. Details of parties who were required to abstain from voting on any resolution(s):
Resolution Number and
Details
Ordinary Resolution 12 To approve the renewal of Interested Person Transactions Mandate
Details of Parties
Mr Kuok Khoon Hong and his associates
Mr Pua Seck Guan and his associates
Mr Kuok Khoon Ean and Mr Kuok Khoon Hua (and his alternate, Ms Tong Shao Ming) and their respective associates
Mr Gregory Morris (and his alternate, Mr Juan Ricardo Luciano) and their respective associates
Archer Daniels Midland Company and its associates (including Archer Daniels Asia-Pacific Limited)
Total interest
(Direct and Deemed)
(Ordinary Shares)
854,898,935
1,203,000
2,197,057,833
-
1,404,173,054
2
Directors and employees who are participants of the Wilmar Executives Share Option Scheme 2019 ("ESOS") and who also are shareholders, were requested to abstain from voting on Ordinary Resolution 11 in respect of the ESOS mandate for the Directors to offer and grant options under the ESOS and to issue and allot shares in accordance with the provisions of the ESOS.
Save as disclosed above, no other party was required to abstain from voting on any other resolution. Nonetheless, for good corporate governance practice, certain parties were reminded to abstain from voting on some matters as set out below:
- all Non-Executive Directors of Wilmar, who are also shareholders, were reminded to abstain from voting on Ordinary Resolution 3 in respect of the payment of Directors' fees by Wilmar to the Non- Executive Directors for the year ended 31 December 2023; and
- each Director (who is also a shareholder) being re-elected, namely Mr Kuok Khoon Hong, Mr Pua Seck Guan, Ms Teo La-Mei and Dr Louis Cheung was reminded to abstain from voting on the ordinary resolution in respect of his/her own re-election.
- Name of firm appointed as Scrutineer
CitadelCorp Pte. Ltd. was appointed as Scrutineer for the AGM.
-
Re-appointment/appointmentof Director to Audit Committee
No member of the Audit Committee was being re-elected as a Director at the AGM. - Note of appreciation to retiring Director
The Board would like to record its appreciation to Mr Teo Siong Seng, who retired from the Board upon the conclusion of the AGM, for his dedication and valuable contributions during his tenure on the Board and wishes him all the best in his future endeavours. Details of Mr Teo's cessation of appointment as required under Rule 704(7) of the Listing Manual of the SGX-ST were set out in an announcement dated 28 March 2024.
The Company has made an announcement of even date on the appointment of a new Independent Director to the Board as well as the change in composition of the Board following the retirement of Mr Teo.
Issued by
WILMAR INTERNATIONAL LIMITED 19 April 2024
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Disclaimer
Wilmar International Limited published this content on 19 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 April 2024 10:06:14 UTC.
