GENERAL MEETINGS: Outcome of Meeting
| HIBISCUS PETROLEUM BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 03 Dec 2025 |
| Time | 09:30 AM |
| Venue(s) |
Physical Meeting Venue Nexus, Connexion Conference & Event Centre Grand Nexus Ballroom (Level 3A), Bangsar South City No. 7, Jalan Kerinchi, 59200 Kuala Lumpur Malaysia Virtual Meeting Platform Vistra Share Registry and IPO (MY) portal (The Portal) at https://srmy.vistra.com or https://srmy.vistra.com.my Malaysia |
| Outcome of Meeting | The Board of Directors of Hibiscus Petroleum Berhad ("Hibiscus Petroleum" or "the Company") wishes to announce that the shareholders of the Company have approved all the resolutions as set out in the Notice of the 15th Annual General Meeting ("15th AGM") dated 31 October 2025 at the 15th AGM held on Wednesday, 3 December 2025.
All the resolutions put to the 15th AGM were decided by way of electronic poll voting. The results of the poll were validated by Deloitte Malaysia SR&T Solutions Sdn Bhd (formerly known as Deloitte Business Advisory Sdn. Bhd.), the Independent Scrutineer appointed by the Company.
Please refer to the attachment for the details of the poll results.
This announcement is dated 3 December 2025. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the payment of a final single-tier dividend of RM0.005 per ordinary share in respect of the financial year ended 30 June 2025. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 364 | 12 |
| No. of Shares | 414,643,531 | 151,533 |
| % of Voted Shares | 99.9635 | 0.0365 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To approve the payment of Non-Executive Directors (NEDs)' fees amounting to RM412,500 per annum to the Chair of the Board of Directors (Board) and RM230,000 per annum to each NED (save for the Chair of the Board) for the period from 4 December 2025 until the date of the next AGM in year 2026, to be paid quarterly in arrears. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 330 | 42 |
| No. of Shares | 312,740,685 | 101,261,479 |
| % of Voted Shares | 75.5408 | 24.4592 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To approve the payment of NEDs' meeting allowances for the period from 4 December 2025 until the date of the next AGM in year 2026 at the following rate (as applicable), to be paid quarterly in arrears: - RM4,500 for each meeting of the Board and of the Board Committees attended by a NED serving as the Chair of the meeting; or - RM3,500 for each meeting of the Board and of the Board Committees attended by a NED serving as a member of the Board or Board Committee. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 319 | 51 |
| No. of Shares | 293,906,375 | 120,050,089 |
| % of Voted Shares | 70.9993 | 29.0007 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To approve payments for additional attendances and time expended by any NED for the Company's purposes (or on behalf of the Company) such as meetings and/or third-party events involving external party(ies) or attendance at meetings with Group personnel at the specific request of the Chair of the Board, other than those referred under Ordinary Resolution 3 above, in the NED's capacity as a Director of the Company, for the period from 4 December 2025 until the date of the next AGM in year 2026, at the rate of RM3,500 per meeting or event, to be paid quarterly in arrears. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 316 | 56 |
| No. of Shares | 293,735,485 | 120,225,679 |
| % of Voted Shares | 70.9573 | 29.0427 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To approve the payment of the medical coverage benefit, subject to a maximum limit of RM500,000 for the NEDs, for the period from 4 December 2025 until the date of the next AGM in year 2026. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 313 | 59 |
| No. of Shares | 293,901,185 | 120,104,939 |
| % of Voted Shares | 70.9896 | 29.0104 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To re-elect Mr Thomas Michael Taylor who is retiring pursuant to Clause 134 of the Constitution of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 306 | 67 |
| No. of Shares | 269,086,645 | 145,577,419 |
| % of Voted Shares | 64.8927 | 35.1073 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
To re-elect YBhg Dato' Sri Roushan Arumugam who is retiring pursuant to Clause 134 of the Constitution of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 310 | 52 |
| No. of Shares | 380,628,580 | 15,228,984 |
| % of Voted Shares | 96.1529 | 3.8471 |
| Result | Accepted | |
8. Ordinary Resolution 8 |
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| Description |
To re-appoint Messrs PricewaterhouseCoopers PLT as Auditors of the Company for the financial year ending 30 June 2026 and to authorise the Directors to fix their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 351 | 22 |
| No. of Shares | 413,230,920 | 1,436,104 |
| % of Voted Shares | 99.6537 | 0.3463 |
| Result | Accepted | |
9. Ordinary Resolution 9 |
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| Description |
Authority for the Directors to allot and issue shares pursuant to Sections 75 and 76 of the Companies Act 2016. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 331 | 31 |
| No. of Shares | 384,320,671 | 11,544,753 |
| % of Voted Shares | 97.0837 | 2.9163 |
| Result | Accepted | |
10. Ordinary Resolution 10 |
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| Description |
Proposed renewal of the authority for the Company to purchase its own shares of up to 10% of the total number of issued shares of the Company (Proposed Renewal of Share Buy-back Authority). |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 351 | 23 |
| No. of Shares | 413,837,591 | 180,333 |
| % of Voted Shares | 99.9564 | 0.0436 |
| Result | Accepted | |
11. Ordinary Resolution 11 |
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| Description |
Retention of Mr Thomas Michael Taylor as an Independent Non-Executive Director (INED) |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 305 | 68 |
| No. of Shares | 269,119,725 | 145,408,799 |
| % of Voted Shares | 64.9219 | 35.0781 |
| Result | Accepted | |
12. Ordinary Resolution 12 |
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| Description |
Retention of YBhg Dato' Dr Zaha Rina Zahari as an INED |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 326 | 45 |
| No. of Shares | 294,377,485 | 120,143,039 |
| % of Voted Shares | 71.0164 | 28.9836 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | HIBISCUS PETROLEUM BERHAD |
| Stock Name | HIBISCS |
| Date Announced | 03 Dec 2025 |
| Category | General Meeting |
| Reference Number | GMA-01122025-00004 |
| Corporate Action ID | MY251201MEET0004 |