[PESTECH] General on 26-Nov-2020

Stock
[PESTECH]: PESTECH INTERNATIONAL BERHAD
Announcement Date
27-Oct-2020
Type
General
Date & Time
26-Nov-2020 10:00
Depositor Date
20-Nov-2020
Venue
Broadcast Venue at B2-3-01, Block B2, Meritus @ Oasis Corporate Park, No. 2, Jalan PJU 1A/2, Ara Damansara, 47301 Petaling Jaya, Selangor Darul Ehsan
Description
PESTECH International Berhad ("PESTECH" or "the Company") - Ninth Annual General Meeting ("9th AGM") The 9th AGM of the Company will be held on a fully virtual basis via remote participation through live stream and online voting.
PESTECH-Notice of 9th AGM.pdf
Outcome
The Board of Directors of PESTECH International Berhad ("PESTECH" or "the Company") is pleased to announce that all the resolutions as set out in the Notice of the Ninth Annual General Meeting (“9th AGM”) of the Company dated 28 October 2020 were duly approved by the shareholders of the Company at the 9th AGM held today.

All the resolutions were voted by poll and the results of the poll were validated by Commercial Quest Sdn. Bhd., the independent scrutineer appointed by the Company. 

This announcement is dated 26 November 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' fees for an amount up to RM210,000/- which is payable on a quarterly basis and Directors' benefits up to RM90,000/- to the Non-Executive Directors for the period commencing from 26 November 2020 until the next Annual General Meeting in year 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 98 13
No. of Shares 491,748,810 7,743
% of Voted Shares 99.9984 0.0016
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Mr. Lee Ting Kiat who retires in accordance with Article 118 of the Company's Constitution, and being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 103 8
No. of Shares 491,751,240 5,313
% of Voted Shares 99.9989 0.0011
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mr. Lim Peir Shenq who retires in accordance with Article 117 of the Company's Constitution, and being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 103 8
No. of Shares 491,751,240 5,313
% of Voted Shares 99.9989 0.0011
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Ir. Amir Bin Yahya who retires in accordance with Article 117 of the Company's Constitution, and being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 100 11
No. of Shares 491,749,040 7,513
% of Voted Shares 99.9985 0.0015
Result Accepted

5. Ordinary Resolution 5

Description 
To re-appoint Messrs. Grant Thornton Malaysia PLT as the Company's Auditors for the ensuing year and to authorise the Board of Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 104 7
No. of Shares 491,751,340 5,213
% of Voted Shares 99.9989 0.0011
Result Accepted

6. Ordinary Resolution 6

Description 
Authority to Issue Shares pursuant to the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 100 11
No. of Shares 459,445,540 32,311,013
% of Voted Shares 93.4295 6.5705
Result Accepted

7. Ordinary Resolution 7

Description 
Proposed Renewal of 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 94 7
No. of Shares 98,532,040 5,213
% of Voted Shares 99.9947 0.0053
Result Accepted

8. Ordinary Resolution 8

Description 
Proposed Renewal of Share Buy-Back authority of up to 10% of the total number of issued shares of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 101 10
No. of Shares 459,450,540 32,306,013
% of Voted Shares 93.4305 6.5695
Result Accepted

9. Ordinary Resolution 9

Description 
Proposed Renewal of the Authority to Allot and Issue New Ordinary Shares in the Company, for the purpose of the Dividend Reinvestment Plan of the Company which will provide the Shareholders of PESTECH with the option to elect to Reinvest their Cash Dividend in PESTECH Shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 101 10
No. of Shares 491,749,140 7,413
% of Voted Shares 99.9985 0.0015
Result Accepted

Remark
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