[PESTECH] General Meeting on 26-Mar-2024

Stock
[PESTECH]: PESTECH INTERNATIONAL BERHAD
Announcement Date
30-Jan-2024
Reference No.
GMA-29012024-00012
Corporate Action ID
MY240129MEET0012
Type
General Meeting
Date & Time
26-Mar-2024 12:00
Depositor Date
19-Mar-2024
Venue
Broadcast Venue at No. 26, Jalan Utarid U5/14, Seksyen U5, 40150 Shah Alam, Selangor Darul Ehsan Remote Participation and Online Voting facilities on Securities Services e-Portal at https://www.sshsb.net.my/
Description
PESTECH International Berhad ("PESTECH" or "the Company") - Thirteenth Annual General Meeting ("13th AGM") The 13th AGM of the Company will be conducted virtually via remote participation and online voting.
PESTECH-Notice of 13th AGM.pdf
Outcome

The Board of Directors of PESTECH International Berhad ("PESTECH" or "the Company") is pleased to announce that all theresolutions as set out in the Notice of the Thirteenth AnnualGeneral Meeting ("AGM") of the Company dated 31st January2024wereduly approved by the shareholders of the Company at the 13th AGM held today. All theresolutions werevoted by poll and the results of the poll werevalidated by Commercial Quest Sdn. Bhd., the independent scrutineer appointed by the Company.

This announcement is dated 26 March2024.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' fees for an amount up to RM240,000/- which is payable on a quarterly basis and Directors' benefits up to RM152,500/- to the Non-Executive Directors for the period commencing from 26 March 2024 until the next Annual General Meeting in year 2025.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 95 42
No. of Shares 524,536,556 10,602,035
% of Voted Shares 98.0188 1.9812
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Ms. Hoo Siew Lee who retires in accordance with Article 118 of the Company's Constitution, and being eligible, had offered herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 110 26
No. of Shares 517,672,142 17,462,449
% of Voted Shares 96.7368 3.2632
Result Accepted

3. Ordinary Resolution 3

Description 
To re-appoint 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 120 16
No. of Shares 524,809,942 10,324,649
% of Voted Shares 98.0706 1.9294
Result Accepted

4. Ordinary Resolution 4

Description 
Authority to Issue Shares pursuant to the Companies Act 2016 and Waiver of Pre-Emptive Rights.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 105 30
No. of Shares 517,662,006 7,148,920
% of Voted Shares 98.6378 1.3622
Result Accepted

5. Ordinary Resolution 5

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 115 20
No. of Shares 517,949,896 6,861,030
% of Voted Shares 98.6927 1.3073
Result Accepted

6. Ordinary Resolution 6

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 113 22
No. of Shares 524,776,631 34,295
% of Voted Shares 99.9935 0.0065
Result Accepted

Remark
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