[PWORTH] General on 30-Nov-2020

Stock
[PWORTH]: PRICEWORTH INTERNATIONAL BHD
Announcement Date
28-Oct-2020
Type
General
Date & Time
30-Nov-2020 10:00
Depositor Date
23-Nov-2020
Venue
Broadcast Venue Level 10, Unit 3A, Vertical Business Suite Tower B, Jalan Kerinchi, Bangsar South, 59200 Kuala Lumpur
Description
Notice of Twenty-Fourth (24th) Annual General Meeting
PWI-Notice of 24th AGM and Appendix A (for bursa release).pdf
Outcome

The Board of Directors of Priceworth InternationalBerhad ("PWI"or "Company") is pleased to announce that all the resolutions set out in the Notice of theTwenty-Fourth Annual General Meeting (“24th AGM”) dated 30October2020 were duly passed by way of poll at the 24th AGM of the Company held on Monday, 30 November2020.

The results of the poll were validated by Messrs. KW & Ng Co., the Independent Scrutineer appointed by the Company are set out below.

This annoucement is dated 30 November 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' fees and other benefits for an amount of not exceeding RM250,000.00 to be divided amongst the Directors in such manner as the Directors may determine for the period commencing from the conclusion of the 24th AGM or at any adjournment thereof until the conclusion of the next AGM of the Company to be held in 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 24 1
No. of Shares 856,811,617 200
% of Voted Shares 99.9999 0.0001
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Mr Lim Nyuk Foh who is retiring by rotation to Clause 105(1) of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 0
No. of Shares 856,811,817 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mr Ooi Jit Huat who is retiring by rotation to Clause 105(1) of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 0
No. of Shares 856,811,817 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. Ordinary Resolution 4

Description 
To re-appoint Messrs. PKF as Auditors of the Company until the conclusion of the next AGM and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 0
No. of Shares 856,811,817 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Special Resolution 1

Description 
Proposed Amendments to the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 0
No. of Shares 856,811,817 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Ordinary Resolution 5

Description 
Authority to issue and allot shares pursuant to Sections 75 and 76 of the Companies Act, 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 0
No. of Shares 856,811,817 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Ordinary Resolution 6

Description 
Proposed renewal of authority for the Company to purchase its own shares of up to ten percent (10%) of the issued share capital of the Company
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 0
No. of Shares 856,811,817 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Ordinary Resolution 7

Description 
Retention of Mr Ooi Jit Huat as an Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 3 0
No. of Shares 250,365,667 0
% of Voted Shares 100.0000 0.0000
Result Accepted

9. Ordinary Resolution 7 - Tier 2

Description 
Retention of Mr Ooi Jit Huat as an Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 1
No. of Shares 606,446,050 100
% of Voted Shares 99.9999 0.0001
Result Accepted

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