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 | |
2024-03-26
2024-03-26
2024-03-26