OVERSEA-CHINESE BANKING CORPORATION LIMITED
(Incorporated in Singapore)
Company Registration No.: 193200032W
RESULTS OF ANNUAL GENERAL MEETING
Oversea-Chinese Banking Corporation Limited ("OCBC Bank") wishes to announce the following:
-
RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING HELD ON 30 APRIL 2024
All resolutions as set out in the Notice of Annual General Meeting ("AGM") dated 5 April 2024 put to the AGM held on 30 April 2024 were duly approved and passed by the Shareholders.
The results of the poll on each of the AGM ordinary resolutions are set out below:
FOR | AGAINST | |||||||||||||||
Resolution number and | Total number | |||||||||||||||
details | of shares | Number of | As a | Number of | As a | |||||||||||
represented | Shares | percentage | Shares | percentage | ||||||||||||
by votes for | of total | of total | ||||||||||||||
and against | number of | number of | ||||||||||||||
the relevant | votes for | votes for | ||||||||||||||
resolution | and | and | ||||||||||||||
against the | against the | |||||||||||||||
resolution | resolution | |||||||||||||||
(%) | (%) | |||||||||||||||
1 | Adoption | of | Directors' | |||||||||||||
statement | and | audited | ||||||||||||||
financial | statements | for | 2,458,835,313 | 2,458,188,444 | 99.97% | 646,869 | 0.03% | |||||||||
the | financial year | ended | ||||||||||||||
31 | December | 2023 | and | |||||||||||||
Auditor's report | ||||||||||||||||
2(a) | Re-election of | 2,458,374,011 | 2,449,201,246 | 99.63% | 9,172,765 | 0.37% | ||||||||||
Mr Andrew Lee Kok Keng | ||||||||||||||||
2(b) | Re-election of | 2,457,988,164 | 2,281,964,521 | 92.84% | 176,023,643 | 7.16% | ||||||||||
Dr Andrew Khoo Cheng | ||||||||||||||||
Hoe | ||||||||||||||||
2(c) | Re-election of | 2,456,767,294 | 2,091,331,747 | 85.13% | 365,435,547 | 14.87% | ||||||||||
Mr Pramukti Surjaudaja | ||||||||||||||||
3 | Re-election of | 2,456,529,962 | 2,449,262,779 | 99.70% | 7,267,183 | 0.30% | ||||||||||
Mr Seck Wai Kwong | ||||||||||||||||
4 | Approval of final one-tier | 2,456,728,001 | 2,456,463,139 | 99.99% | 264,862 | 0.01% | ||||||||||
tax exempt dividend | ||||||||||||||||
5(a) | Approval of amount | 2,455,926,198 | 2,453,618,381 | 99.91% | 2,307,817 | 0.09% | ||||||||||
proposed as Directors' | ||||||||||||||||
remuneration | ||||||||||||||||
5(b) | Approval of allotment and | |||||||||||||||
issue of ordinary shares | 1,974,412,628 | 1,969,049,164 | 99.73% | 5,363,464 | 0.27% | |||||||||||
to the non-executive | ||||||||||||||||
Directors | ||||||||||||||||
6 | Re-appointment of | |||||||||||||||
Auditor and authorisation | 2,451,564,741 | 2,449,931,868 | 99.93% | 1,632,873 | 0.07% | |||||||||||
for Directors to fix its | ||||||||||||||||
remuneration | ||||||||||||||||
1 |
FOR | AGAINST | |||||||||||||
Resolution number and | Total number | |||||||||||||
details | of shares | Number of | As a | Number of | As a | |||||||||
represented by | Shares | percentage | Shares | percentage | ||||||||||
votes for and | of total | of total | ||||||||||||
against the | number of | number of | ||||||||||||
relevant | votes for | votes for | ||||||||||||
resolution | and | and | ||||||||||||
against the | against the | |||||||||||||
resolution | resolution | |||||||||||||
(%) | (%) | |||||||||||||
7 | Authority to issue | |||||||||||||
ordinary shares, and | ||||||||||||||
make or grant | 2,453,841,903 | 2,286,447,680 | 93.18% | 167,394,223 | 6.82% | |||||||||
instruments | ||||||||||||||
convertible into | ||||||||||||||
ordinary shares | ||||||||||||||
8 | Authority to (I) allot | |||||||||||||
and issue ordinary | ||||||||||||||
shares under the | ||||||||||||||
OCBC Share Option | ||||||||||||||
Scheme 2001; (II) | ||||||||||||||
grant rights to acquire | ||||||||||||||
and allot and issue | ||||||||||||||
ordinary shares under | 2,452,166,112 | 1,945,118,661 | 79.32% | 507,047,451 | 20.68% | |||||||||
the OCBC Employee | ||||||||||||||
Share Purchase Plan; | ||||||||||||||
and/or (III) grant | ||||||||||||||
awards and allot and | ||||||||||||||
issue ordinary shares | ||||||||||||||
under the OCBC | ||||||||||||||
Deferred Share Plan | ||||||||||||||
2021 | ||||||||||||||
9 | Authority to allot and | |||||||||||||
issue ordinary shares | 2,453,288,861 | 2,451,924,914 | 99.94% | 1,363,947 | 0.06% | |||||||||
pursuant to the OCBC | ||||||||||||||
Scrip Dividend | ||||||||||||||
Scheme | ||||||||||||||
10 | Approval of renewal | 2,451,424,825 | 2,448,178,228 | 99.87% | 3,246,597 | 0.13% | ||||||||
of the Share Purchase | ||||||||||||||
Mandate |
- DETAILS OF PARTIES WHO ARE REQUIRED TO ABSTAIN FROM VOTING ON ANY RESOLUTION(S)
The non-executive Directors of OCBC Bank and their associates, holding an aggregate 480,120,118 ordinary shares in OCBC Bank, have abstained from voting on Ordinary Resolution 5(b). - NAME OF FIRM APPOINTED AS SCRUTINEER
Tricor Singapore Pte. Ltd. was appointed as scrutineer at the AGM.
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AUDIT COMMITTEE
Mr Seck Wai Kwong, who was re-elected as Director of OCBC Bank at the AGM, remains as a member of the Audit Committee ("AC").
The composition of the AC remains unchanged as follows:
Mr Chua Kim Chiu, Chairman Ms Chong Chuan Neo, Member Mr Seck Wai Kwong, Member Ms Tan Yen Yen, Member
All AC members are non-executive independent Directors of the Bank and have no interest or relationship which would affect their exercise of independent judgement.
Issued by
Oversea-Chinese Banking Corporation Limited
30 April 2024
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OCBC - Oversea-Chinese Banking Corporation Ltd. published this content on 01 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 May 2024 09:35:53 UTC.