[PA] General on 17-Dec-2020

Stock
[PA]: P.A. RESOURCES BHD
Announcement Date
09-Dec-2020
Type
General
Date & Time
17-Dec-2020 10:00
Depositor Date
10-Dec-2020
Venue
Conference Room of P.A. Resources Berhad, Lot 424 & 440, Jalan Kuala Selangor, Kampung Batu 8, Ijok, 45620 Kuala Selangor, Selangor Darul Ehsan
Description
P.A. Resources Berhad ("PARB" or "the Company") - Notification of Change of Meeting Venue of the Fifteenth Annual General Meeting ("15th AGM") due to the Conditional Movement Control Order from 7 December 2020 to 20 December 2020.
PARB-Notification of Change of Meeting Venue of 15th AGM.pdf
Outcome

On behalf of the Board of Directors of P.A. Resources Berhad ("PA" or "the Company"), we are pleased to announce that at the Fifteenth Annual General Meeting ("15th AGM") of PA held on 17December 2020, the shareholders of PA had approved all the resolutions referred to in the Notice of 15th AGM dated 30October 2020 except for Ordinary Resolution 3 which had been withdrawn.

Ordinary Resolution 3 in respect of the re-election of Dato' Ng Tong Hai as a Director of the Company was withdrawn as Dato' Ng Tong Hai had expressed his decision of not seeking for re-election as a Director of the Company at the 15th AGM.

All the resolutions were determined by way of poll and the results of the poll were validated by Boardroom Corporate ServicesSdn Bhd, the Independent Scrutineer appointed by the Company.

Details of the results of the polling in respect of all the resolutions at the 15th AGM are set out below.

This announcement is dated on 17 December 2020.

Voting Results

1. Resolution 1

Description 
To approve the payment of Directors' fees up to an aggregate amount of RM200,000.00 payable to the Non-Executive Directors of the Company from 18 December 2020 until the next Annual General Meeting of the Company to be held in 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 10 0
No. of Shares 576,511,060 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Resolution 2

Description 
To approve the Benefits Payable to the Non-Executive Directors of the Company up to an aggregate amount of RM50,000.00 from 18 December 2020 until the next Annual General Meeting of the Company to be held in 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 10 0
No. of Shares 576,511,060 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Resolution 3

Description 
To re-elect Dato' Ng Tong Hai who retire by rotation in accordance with Clause 95 of the Constitution of the Company and who being eligible, have offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 0 0
No. of Shares 0 0
% of Voted Shares 0.0000 0.0000
Result Withdrawn/ Postponed

4. Resolution 4

Description 
To re-elect Mr Yap Fatt Lam who retire by rotation in accordance with Clause 95 of the Constitution of the Company and who being eligible, have offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 12 0
No. of Shares 713,706,060 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Resolution 5

Description 
To re-appoint Moore Stephens Associates PLT, the retiring auditors, as the auditors of the Company 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 13 0
No. of Shares 714,306,060 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Resolution 6 (Tier 1)

Description 
Authority for Mr Yap Fatt Lam to continue in office as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1 0
No. of Shares 228,375,180 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Resolution 6 (Tier 2)

Description 
Authority for Mr Yap Fatt Lam to continue in office as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 11 0
No. of Shares 485,330,880 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Special Resolution

Description 
Authority for Directors to issue and allot shares in the Company pursuant to Section 75 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 13 0
No. of Shares 714,306,060 0
% of Voted Shares 100.0000 0.0000
Result Accepted

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