[PA] General Meeting on 17-Dec-2024

Stock
[PA]: P.A. RESOURCES BHD
Announcement Date
29-Oct-2024
Reference No.
GMA-23102024-00017
Corporate Action ID
MY241023MEET0017
Type
General Meeting
Date & Time
17-Dec-2024 10:00
Depositor Date
10-Dec-2024
Venue
Kelab Rahman Putra Malaysia Jalan BRP 2/1, Bukit Rahman Putra, 47000 Sungai Buloh, Selangor Darul Ehsan,
Description
P.A. Resources Berhad ("PARB" or "the Company") - Notice of Nineteenth Annual General Meeting ("19th AGM")
PARB - Notice of 19th AGM.pdf
Outcome

On behalf of the Board of Directors of P.A. Resources Berhad ("PA" or "the Company"), we are pleased to announce that at the Nineteenth Annual General Meeting ("19th AGM") of PA held on 17 December 2024, the shareholders of PAapproved all the resolutions set out in the Notice of 19th AGM dated 30October 2024.


All the resolutions were determined by way of poll and the results of the poll were validated by SKY Corporate Services Sdn Bhd, the Independent Scrutineer appointed by the Company forthe 19th AGM of the Company held on 17 December 2024.


Details of the results of the polling in respect of all the resolutions at the 19th AGM are set out below.


This announcement is dated on 17December 2024.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' fees up to an aggregate amount of RM380,000.00 payable to the Non-Executive Directors of the Company from 18 December 2024 until the next Annual General Meeting of the Company to be held in 2025.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 54 6
No. of Shares 313,199,457 92,000
% of Voted Shares 99.9706 0.0294
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the benefits payable to the Non-Executive Directors of the Company up to an aggregate amount of RM120,000.00 from 18 December 2024 until the next Annual General Meeting of the Company to be held in 2025.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 54 6
No. of Shares 313,219,457 72,000
% of Voted Shares 99.9770 0.0230
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mr. Tan Seng Kiat, who retires by rotation in accordance with Clause 95 of the Constitution of the Company and who being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 64 2
No. of Shares 347,684,507 900
% of Voted Shares 99.9997 0.0003
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Mr. Wong Jee Seng, who retires by rotation in accordance with Clause 95 of the Constitution of the Company and who being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 65 2
No. of Shares 351,630,943 900
% of Voted Shares 99.9997 0.0003
Result Accepted

5. Ordinary Resolution 5

Description 
To re-appoint Messrs. Moore Stephens Associates PLT, the retiring auditors, as the auditors of the Company 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 65 2
No. of Shares 351,630,943 900
% of Voted Shares 99.9997 0.0003
Result Accepted

6. Ordinary Resolution 6 (First Tier)

Description 
To approve the authority for Dato' Wang Sze Yao @ Wang Ming Way to continue in office as an Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1 0
No. of Shares 114,187,590 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Ordinary Resolution 6 (Second Tier)

Description 
To approve the authority for Dato' Wang Sze Yao @ Wang Ming Way to continue in office as an Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 58 7
No. of Shares 213,584,403 2,954,500
% of Voted Shares 98.6356 1.3644
Result Accepted

8. Special Resolution 7

Description 
To approve the authority for Directors to issue and allot shares in the Company pursuant to the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 59 8
No. of Shares 350,607,243 1,024,600
% of Voted Shares 99.7086 0.2914
Result Accepted

9. Ordinary Resolution 8

Description 
To approve the authority for the Company to purchase its own shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 64 3
No. of Shares 350,228,443 1,403,400
% of Voted Shares 99.6009 0.3991
Result Accepted

Remark
-
Market Buzz

2024-12-17

Meeting Outcome

General Meeting on 17-Dec-2024.

2024-12-16

Annual Result

Annual Report on 30-Jun-2024.

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