[PESTECH] General Meeting on 25-Nov-2022

Announcement Date
15-Nov-2022
Reference No.
GMA-15112022-00004
Corporate Action ID
MY221026MEET0028
Type
General Meeting
Date & Time
25-Nov-2022 15:00
Depositor Date
17-Nov-2022
Venue
Broadcast Venue at No. 26, Jalan Utarid U5/14,,Seksyen U5,,40150 Shah Alam,,Selangor Darul Ehsan,,MY
Description
PESTECH International Berhad ("PESTECH" or "the Company") - Eleventh Annual General Meeting ("11th AGM") - Change of Date of General Meeting Record of Depositors to 17 November 2022. Further details can be found in the attached Notification.
PESTECH - Notification on the Change of GMROD Date.pdf
Outcome

The Board of Directors of PESTECH International Berhad ("PESTECH" or "the Company") is pleased to announce that all the resolutions as set out in the Notice of the EleventhAnnual General Meeting ("11th AGM") of the Company dated 27 October 2022were duly approved by the shareholders of the Company at the 11th 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.

This announcement is dated 25 November 2022.

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 RM138,000/- to the Non-Executive Directors for the period commencing from 25 November 2022 until the next Annual General Meeting in year 2023.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 105 38
No. of Shares 539,742,645 10,569,664
% of Voted Shares 98.0793 1.9207
Result Accepted

2. Ordinary Resolution 2

Description
To re-elect Mr. Lim Pay Chuan who retires in accordance with Article 118 of the Company's Constitution, and being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 128 19
No. of Shares 540,658,850 10,380,847
% of Voted Shares 98.1161 1.8839
Result Accepted

3. Ordinary Resolution 3

Description
To re-elect Mr. Lim Peir Shenq who retires in accordance with Article 118 of the Company's Constitution, and being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 129 18
No. of Shares 550,954,890 57,182
% of Voted Shares 99.9896 0.0104
Result Accepted

4. Ordinary Resolution 4

Description
To re-elect Ms. Helen Tan Miang Kieng who retires in accordance with Article 117 of the Company's Constitution, and being eligible, has offered herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 131 17
No. of Shares 550,992,890 47,182
% of Voted Shares 99.9914 0.0086
Result Accepted

5. Ordinary Resolution 5

Description
To re-appoint Messrs. 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 137 11
No. of Shares 540,711,012 10,329,060
% of Voted Shares 98.1255 1.8745
Result Accepted

6. Ordinary Resolution 6

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 121 25
No. of Shares 550,818,041 78,031
% of Voted Shares 99.9858 0.0142
Result Accepted

7. Ordinary Resolution 7

Description
Proposed Renewal of Existing Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 121 18
No. of Shares 37,995,451 12,396
% of Voted Shares 99.9674 0.0326
Result Accepted

8. Ordinary Resolution 8

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 135 14
No. of Shares 553,531,801 8,271
% of Voted Shares 99.9985 0.0015
Result Accepted

9. Ordinary Resolution 9

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 127 21
No. of Shares 550,990,301 49,771
% of Voted Shares 99.9910 0.0090
Result Accepted

Remark
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