[PWROOT] EGM on 27-Aug-2024

Stock
[PWROOT]: POWER ROOT BERHAD
Announcement Date
25-Jul-2024
Reference No.
GMA-22072024-00007
Corporate Action ID
MY240722MEET0007
Type
EGM
Date & Time
27-Aug-2024 16:00
Depositor Date
21-Aug-2024
Venue
No. 1, Jalan Sri Plentong Taman Perindustrian Sri Plentong 81750 Masai Johor Darul Takzim
Description
POWER ROOT BERHAD ("POWER ROOT" OR THE "COMPANY") (I) PROPOSED NEW ESOS; AND (II) PROPOSED ALLOCATION
Power Root - Notice of EGM.pdf
Outcome

On behalf of the Board of Directors of Power Root Berhad (“Power Root”), RHB Investment Bank Berhad is pleased to announce that the shareholders of Power Root have duly approved the ordinary resolutions set out in the Notice of Extraordinary General Meeting dated 26 July 2024 by way of poll at the Extraordinary General Meeting of Power Root held today.

The results of the poll were validated by NeedsBridge Advisory Sdn Bhd, the independent scrutineer appointed by Power Root.

This announcement is dated 27 August 2024.

Voting Results

1. Ordinary Resolution 1

Description 
Proposed New ESOS
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 88 23
No. of Shares 338,121,008 26,896,800
% of Voted Shares 92.6314 7.3686
Result Accepted

2. Ordinary Resolution 2

Description 
Proposed allocation of ESOS Options to Wong Tak Keong
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 80 23
No. of Shares 287,614,708 26,896,800
% of Voted Shares 91.4481 8.5519
Result Accepted

3. Ordinary Resolution 3

Description 
Proposed allocation of ESOS Options to Dato' How Say Swee
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 81 23
No. of Shares 261,605,726 26,896,800
% of Voted Shares 90.6771 9.3229
Result Accepted

4. Ordinary Resolution 4

Description 
Proposed allocation of ESOS Options to Dato' Wong Fuei Boon
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 79 23
No. of Shares 252,759,826 26,896,800
% of Voted Shares 90.3822 9.6178
Result Accepted

5. Ordinary Resolution 5

Description 
Proposed allocation of ESOS Options to See Thuan Po
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 83 23
No. of Shares 324,898,008 26,896,800
% of Voted Shares 92.3544 7.6456
Result Accepted

Remark
-
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