The Board of Directors of Prestar Resources Berhad (“PRESTAR” or “the Company”) wishes to inform that all of the resolutions as per the Notice of the Thirty-Fifth Annual General Meeting ("35th AGM") dated12 June 2020were duly passed and approved by the shareholders of the Company at the35th 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.
Details of the poll results for Resolutions 11, 12, 13and 14 are as follows:
Resolution |
Total Votes For |
Total Vote Against |
Results |
|||
No. of Shares |
% |
No. of Shares |
% |
|||
Resolution 11 Ordinary Resolution No. 4 Retention of Mr. Lou Swee You as an Independent Non-Executive Director. |
Tier 1 |
73,191,400 |
100.0000 |
Nil |
0.0000 |
Accepted |
Tier 2 |
20,795,438 |
99.9375 |
13,000 |
0.0625 |
||
Resolution 12 Ordinary Resolution No. 5 Retention of Encik Md. Nahar bin Noordin as an Independent Non-Executive Director. |
Tier 1 |
73,191,400 |
100.0000 |
Nil |
0.0000 |
Accepted |
Tier 2 |
19,431,338 |
99.9331 |
13,000 |
0.0669 |
||
Resolution 13 Ordinary Resolution No. 6 Retention of Tuan Haji Fadzlullah Shuhaimi bin Salleh as an Independent Non-Executive Director. |
Tier 1 |
73,191,400 |
100.0000 |
Nil |
0.0000 |
Accepted |
Tier 2 |
20,765,338 |
99.7929 |
43,100 |
0.2071 |
||
Resolution 14 Ordinary Resolution No. 7 Retention of Dato' Lim Cheang Nyok as an Independent Non-Executive Director. |
Tier 1 |
73,191,400 |
100.0000 |
Nil |
0.0000 |
Accepted |
Tier 2 |
20,664,838 |
99.8883 |
23,100 |
0.1117 |
Please refer to the attachment for the details of the poll results.
This announcement is dated 27 July 2020.
Voting Results |
||
1. Resolution 1 |
||
Description |
To approve the payment of the single-tier final dividend of 1.0 sen per ordinary share for the financial year ended 31 December 2019. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 51 | 1 |
No. of Shares | 93,992,618 | 13,000 |
% of Voted Shares | 99.9862 | 0.0138 |
Result | Accepted | |
2. Resolution 2 |
||
Description |
To approve the payment of Directors' fees amounting to RM225,000.00 for the financial year ended 31 December 2019. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 37 | 4 |
No. of Shares | 73,990,723 | 29,000 |
% of Voted Shares | 99.9608 | 0.0392 |
Result | Accepted | |
3. Resolution 3 |
||
Description |
To approve an amount of up to RM30,000.00 as benefits payable to the Non-Executive Directors from 28 July 2020 to the next Annual General Meeting of the Company to be held in 2021. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 43 | 4 |
No. of Shares | 92,295,968 | 29,000 |
% of Voted Shares | 99.9686 | 0.0314 |
Result | Accepted | |
4. Resolution 4 |
||
Description |
To re-elect Mr. Toh Yew Kar in accordance with Clause 118 of the Company's Constitution. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 50 | 1 |
No. of Shares | 93,989,568 | 13,000 |
% of Voted Shares | 99.9862 | 0.0138 |
Result | Accepted | |
5. Resolution 5 |
||
Description |
To re-elect Mr. Toh Yew Seng in accordance with Clause 118 of the Company's Constitution. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 50 | 1 |
No. of Shares | 93,989,568 | 13,000 |
% of Voted Shares | 99.9862 | 0.0138 |
Result | Accepted | |
6. Resolution 6 |
||
Description |
To re-elect Encik Md. Nahar Bin Noordin in accordance with Clause 118 of the Company's Constitution. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 47 | 1 |
No. of Shares | 92,602,738 | 13,000 |
% of Voted Shares | 99.9860 | 0.0140 |
Result | Accepted | |
7. Resolution 7 |
||
Description |
To re-appoint Messrs. BDO PLT as Auditors of the Company until the conclusion of the next Annual General Meeting of the Company and to authorise the Directors to fix their remuneration. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 49 | 1 |
No. of Shares | 93,986,838 | 13,000 |
% of Voted Shares | 99.9862 | 0.0138 |
Result | Accepted | |
8. Resolution 8 |
||
Description |
Authority to Issue Shares pursuant to the Companies Act 2016. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 48 | 2 |
No. of Shares | 93,966,838 | 33,000 |
% of Voted Shares | 99.9649 | 0.0351 |
Result | Accepted | |
9. Resolution 9 |
||
Description |
Proposed Renewal of Share Buy-Back Authority. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 48 | 1 |
No. of Shares | 93,966,838 | 13,000 |
% of Voted Shares | 99.9862 | 0.0138 |
Result | Accepted | |
10. Resolution 10 |
||
Description |
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 35 | 3 |
No. of Shares | 2,018,093 | 23,100 |
% of Voted Shares | 98.8683 | 1.1317 |
Result | Accepted | |
11. Resolution 11 |
||
Description |
Retention of Mr. Lou Swee You as an Independent Non-Executive Director. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 49 | 1 |
No. of Shares | 93,986,838 | 13,000 |
% of Voted Shares | 99.9862 | 0.0138 |
Result | Accepted | |
12. Resolution 12 |
||
Description |
Retention of Encik Md. Nahar Bin Noordin as an Independent Non-Executive Director. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 48 | 1 |
No. of Shares | 92,622,738 | 13,000 |
% of Voted Shares | 99.9860 | 0.0140 |
Result | Accepted | |
13. Resolution 13 |
||
Description |
Retention of Tuan Haji Fadzlullah Shuhaimi Bin Salleh as an Independent Non-Executive Director. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 46 | 4 |
No. of Shares | 93,956,738 | 43,100 |
% of Voted Shares | 99.9541 | 0.0459 |
Result | Accepted | |
14. Resolution 14 |
||
Description |
Retention of Dato' Lim Cheang Nyok as an Independent Non-Executive Director. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 46 | 3 |
No. of Shares | 93,856,238 | 23,100 |
% of Voted Shares | 99.9754 | 0.0246 |
Result | Accepted | |
2024-04-26
2024-04-25