GENERAL MEETINGS: Outcome of Meeting
| PRICEWORTH INTERNATIONAL BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 30 Nov 2020 |
| Time | 10:00 AM |
| Venue(s) |
Broadcast Venue Level 10, Unit 3A, Vertical Business Suite Tower B, Jalan Kerinchi, Bangsar South, 59200 Kuala Lumpur Malaysia |
| Outcome of Meeting | The Board of Directors of Priceworth International Berhad ("PWI" or "Company") is pleased to announce that all the resolutions set out in the Notice of theTwenty-Fourth Annual General Meeting (“24th AGM”) dated 30 October 2020 were duly passed by way of poll at the 24th AGM of the Company held on Monday, 30 November 2020.
The results of the poll were validated by Messrs. KW & Ng Co., the Independent Scrutineer appointed by the Company are set out below.
This annoucement is dated 30 November 2020. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the payment of Directors' fees and other benefits for an amount of not exceeding RM250,000.00 to be divided amongst the Directors in such manner as the Directors may determine for the period commencing from the conclusion of the 24th AGM or at any adjournment thereof until the conclusion of the next AGM of the Company to be held in 2021. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 24 | 1 |
| No. of Shares | 856,811,617 | 200 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To re-elect Mr Lim Nyuk Foh who is retiring by rotation to Clause 105(1) of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 25 | 0 |
| No. of Shares | 856,811,817 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To re-elect Mr Ooi Jit Huat who is retiring by rotation to Clause 105(1) of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 25 | 0 |
| No. of Shares | 856,811,817 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-appoint Messrs. PKF as Auditors of the Company until the conclusion of the next AGM and to authorise the Directors to fix their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 25 | 0 |
| No. of Shares | 856,811,817 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
5. Special Resolution 1 |
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| Description |
Proposed Amendments to the Constitution of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 25 | 0 |
| No. of Shares | 856,811,817 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
6. Ordinary Resolution 5 |
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| Description |
Authority to issue and allot shares pursuant to Sections 75 and 76 of the Companies Act, 2016. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 25 | 0 |
| No. of Shares | 856,811,817 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
7. Ordinary Resolution 6 |
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| Description |
Proposed renewal of authority for the Company to purchase its own shares of up to ten percent (10%) of the issued share capital of the Company |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 25 | 0 |
| No. of Shares | 856,811,817 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
8. Ordinary Resolution 7 |
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| Description |
Retention of Mr Ooi Jit Huat as an Independent Non-Executive Director of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 3 | 0 |
| No. of Shares | 250,365,667 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
9. Ordinary Resolution 7 - Tier 2 |
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| Description |
Retention of Mr Ooi Jit Huat as an Independent Non-Executive Director of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 21 | 1 |
| No. of Shares | 606,446,050 | 100 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
Announcement Info
| Company Name | PRICEWORTH INTERNATIONAL BERHAD |
| Stock Name | PWORTH |
| Date Announced | 30 Nov 2020 |
| Category | General Meeting |
| Reference Number | GMA-30112020-00004 |
| Corporate Action ID | MY201130MEET0004 |