[PWROOT] Extraordinary on 27-Feb-2020

Stock
[PWROOT]: POWER ROOT BERHAD
Announcement Date
11-Feb-2020
Type
Extraordinary
Date & Time
27-Feb-2020 15:00
Depositor Date
20-Feb-2020
Venue
No. 1, Jalan Sri Plentong, Taman Perindustrian Sri Plentong, 81750 Masai, Johor Darul Takzim
Description
NOTICE OF EXTRAORDINARY GENERAL MEETING ("EGM") OF POWER ROOT BERHAD
PWROOT - EGM 27022020.pdf
Outcome

The Board of Directors of Power Root Berhad ("Power Root" or "the Company") is pleased to announce that at the Extraordinary General Meeting ("EGM") of the Company held on 27 February 2020, all the resolutions as set out in the Notice of EGM dated 12 February 2020 were duly passed by the shareholders by way of poll.

The results of the poll were duly certified by Scrutineer, Needsbridge Advisory Sdn Bhd, the Independent Scrutineer appointed by the Company.

Details of the results of the poll are listed in the table below.

This announcement is dated 27 February 2020.

Voting Results

1. Ordinary Resolution 1

Description 
Proposed Issuance and Allotment of 60,000 New Ordinary Shares in Power Root Distributor Sdn Bhd, Representing 10% Equity Interest in Power Root Distributor to Wong Tak Keong
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 86 6
No. of Shares 155,218,607 19,844,140
% of Voted Shares 88.6646 11.3354
Result Accepted

2. Ordinary Resolution 2

Description 
Proposed Issuance and Allotment of 10,000 New Ordinary Shares in Alicafe Roasters Sdn Bhd, Representing 10% Equity Interest in Alicafe Roasters to Wong Tak Keong
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 86 6
No. of Shares 155,218,607 19,844,140
% of Voted Shares 88.6646 11.3354
Result Accepted

3. Ordinary Resolution 3

Description 
Proposed Issuance and Allotment of 100,000 New Ordinary Shares in Power Root HK-China Company Limited, Representing 10% Equity Interest in Power Root HK to Wong Tak Keong
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 86 6
No. of Shares 155,218,607 19,844,140
% of Voted Shares 88.6646 11.3354
Result Accepted

4. Ordinary Resolution 4

Description 
Proposed Issuance and Allotment of 5,000 New Ordinary Shares in Superwrapz International Sdn Bhd, Representing 5% Equity Interest in Superwrapz to Wong Tak Keong
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 86 6
No. of Shares 155,218,607 19,844,140
% of Voted Shares 88.6646 11.3354
Result Accepted

5. Ordinary Resolution 5

Description 
Proposed Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 86 6
No. of Shares 155,218,607 19,844,140
% of Voted Shares 88.6646 11.3354
Result Accepted

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