[AWANTEC] Extraordinary on 15-Sep-2020

Stock
[AWANTEC]: AWANBIRU TECHNOLOGY BERHAD
Announcement Date
27-Aug-2020
Type
Extraordinary
Date & Time
15-Sep-2020 15:00
Depositor Date
09-Sep-2020
Venue
Meeting Room, Securities Services (Holdings) Sdn. Bhd., Level 7, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Damansara Heights, 50490 Kuala Lumpur, Wilayah Persekutuan
Description
Notice of Extraordinary General Meeting ("EGM") Due to the COVID-19 outbreak, the EGM of the Company will be held on a fully virtual basis via remote participation through live stream and online voting.
Prestariang - Notice of EGM.pdf
Outcome

Prestariang Berhad ("PRESTARIANG") is pleased to announce that all resolutions set out in the Notice of Extraordinary General Meeting ("EGM")dated 28 August 2020were duly passed by the shareholders of PRESTARIANG at the EGM held today. All the resolutions tabled were voted by poll and the results of the poll were validated by Commercial Quest Sdn. Bhd., the Independent Scrutineer appointed by PRESTARIANG.

This announcement is dated 15 September 2020.

Voting Results

1. ORDINARY RESOLUTION 1

Description 
Proposed private placement of 79,579,740 new ordinary shares in Prestariang Berhad ("Prestariang" or the "Company") ("Prestariang Share(s)" or "Share(s)")("Placement Share(s)") at an issue price of RM 0.350 per Placement Share together with 79,579,740 free detachable warrants ("Warrant(s)") on the basis of 1 Warrant for every 1 Placement Share issued
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 31 6
No. of Shares 237,238,519 749,401
% of Voted Shares 99.6851 0.3149
Result Accepted

2. ORDINARY RESOLUTION 2

Description 
Proposed renounceable rights issue of up to 176,843,866 new Prestariang Shares ("Rights Share(s)") at an issue price of RM 0.200 per Rights Share, on the basis of 1 Rights Share for every 3 existing Prestariang Shares held, together with up to 176,843,866 Warrants on the basis of 1 Warrant for every 1 Rights Share subscribed for, on an entitlement date to be determined and announced later
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 29 8
No. of Shares 237,927,215 60,705
% of Voted Shares 99.9745 0.0255
Result Accepted

3. ORDINARY RESOLUTION 3

Description 
Proposed establishment of a Long Term Incentive Plan ("LTIP"), which comprises the Proposed Employee Share Option Scheme and the Proposed Share Grant Plan, of up to 15% of the issued share capital of Prestariang (excluding treasury shares, if any) at any point in time during the duration of the LTIP, for the eligible Directors and employees of Prestariang and its subsidiary companies, which are not dormant, who fulfil the eligibility criteria as set out in the By-Laws of the LTIP
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 28 8
No. of Shares 217,850,309 20,137,511
% of Voted Shares 91.5384 8.4616
Result Accepted

4. ORDINARY RESOLUTIONS 4

Description 
Proposed allocation of LTIP Awards to Paul Chan Wan Siew
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 28 8
No. of Shares 216,900,409 20,137,511
% of Voted Shares 91.5045 8.4955
Result Accepted

5. ORDINARY RESOLUTIONS 5

Description 
Proposed allocation of LTIP Awards to Ramanathan A/L Sathiamutty
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 29 8
No. of Shares 217,850,409 20,137,511
% of Voted Shares 91.5384 8.4616
Result Accepted

6. ORDINARY RESOLUTIONS 6

Description 
Proposed allocation of LTIP Awards to Ginny Yeow Mei Ying
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 29 8
No. of Shares 217,850,409 20,137,511
% of Voted Shares 91.5384 8.4616
Result Accepted

7. ORDINARY RESOLUTIONS 7

Description 
Proposed allocation of LTIP Awards to Baldesh Singh A/L Manmohan Singh
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 30 7
No. of Shares 218,539,209 19,448,711
% of Voted Shares 91.8279 8.1721
Result Accepted

8. ORDINARY RESOLUTIONS 8

Description 
Proposed allocation of LTIP Awards to Professor Emeritus Dato' Dr. Hassan Bin Said
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 29 8
No. of Shares 217,850,409 20,137,511
% of Voted Shares 91.5384 8.4616
Result Accepted

9. ORDINARY RESOLUTIONS 9

Description 
Proposed allocation of LTIP Awards to Hafidah Aman Binti Hashim
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 29 8
No. of Shares 217,850,409 20,137,511
% of Voted Shares 91.5384 8.4616
Result Accepted

Remark
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