GENERAL MEETINGS: Outcome of Meeting
| PINEHILL PACIFIC BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 30 Nov 2020 |
| Time | 10:15 AM |
| Venue(s) |
Securities Services (Holdings) Sdn Bhd, Level 7, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Damansara Heights, 50490 Kuala Lumpur, Wilayah Persekutuan Malaysia |
| Outcome of Meeting | The Board of Directors of Pinehill Pacific Berhad ("PinePac" or "Company") is pleased to announce that all the resolutions as set out in the Notice of the Ninthy-Eighth Annual General Meeting ("98th AGM") of PinePac dated 30 November 2020 were duly passed by way of poll at the 98th AGM of PinePac, which was conducted fully virtual at the Broadcast Venue at Securities Services (Holdings) Sdn Bhd, Level 7, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Damansara Heights,50490 Kuala Lumpur, Wilayah Persekutuan, Malaysia, on 30 November 2020. All the resolutions were voted by poll and the results of the poll were validated by Commercial Quest Sdn. Bhd, the independent scrutineer appointed for the 98th AGM of the Company. The details of the poll results are set out below. This announcement is dated 30 November 2020. |
Voting Results |
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1. Resolution 1 |
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| Description |
To approve the payment of Directors Fees of RM73,500/- for the financial year ended 30 June 2020. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 18 | 9 |
| No. of Shares | 61,522,536 | 72,200 |
| % of Voted Shares | 99.8828 | 0.1172 |
| Result | Accepted | |
2. Resolution 2 |
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| Description |
To approve the payment of benefits payable to the Non-Executive Directors of up to an amount of RM67,500/- from 1 July 2020 until the conclusion of the next Annual General Meeting of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 16 | 11 |
| No. of Shares | 61,519,436 | 75,300 |
| % of Voted Shares | 99.8777 | 0.1223 |
| Result | Accepted | |
3. Resolution 3 |
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| Description |
To re-elect Dato Ong Kim Hoay who retire by rotation pursuant to Clause 100 of the Companys Constitution, and who being eligible, has offered himself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 25 | 4 |
| No. of Shares | 61,543,536 | 54,200 |
| % of Voted Shares | 99.9120 | 0.0880 |
| Result | Accepted | |
4. Resolution 4 |
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| Description |
To re-elect Tan Sri (Dr.) Ketheeswaran M. Kanagaratnam who retire by rotation pursuant to Clause 100 of the Company's Constitution, and who being eligible, has offered himself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 25 | 4 |
| No. of Shares | 61,543,536 | 54,200 |
| % of Voted Shares | 99.9120 | 0.0880 |
| Result | Accepted | |
5. Resolution 5 |
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| Description |
To re-appoint Messrs Grant Thornton Malaysia PLT as Auditors of the Company for the financial year ending 30 June 2021 and to authorise the Directors to fix their remuneration for that year. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 26 | 3 |
| No. of Shares | 61,545,636 | 52,100 |
| % of Voted Shares | 99.9154 | 0.0846 |
| Result | Accepted | |
6. Resolution 6 |
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| Description |
To authorise Dato Ong Kim Hoay who has served as an Independent Non-Executive Director for a cumulative term of more than twelve (12) years, to continue to serve as Independent Non-Executive Director of the Company until the conclusion of the next Annual General Meeting. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 25 | 4 |
| No. of Shares | 61,543,536 | 54,200 |
| % of Voted Shares | 99.9120 | 0.0880 |
| Result | Accepted | |
7. Resolution 7 |
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| Description |
To authorise Dato Nik Mohd Amin Bin Nik Abu Bakar who has served as an Independent Non-Executive Director for a cumulative term of more than twelve (12) years, to continue to serve as Independent Non-Executive Director of the Company until the conclusion of the next Annual General Meeting. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 25 | 4 |
| No. of Shares | 61,543,536 | 54,200 |
| % of Voted Shares | 99.9120 | 0.0880 |
| Result | Accepted | |
8. Resolution 8 |
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| Description |
Authority to issue shares Pursuant to Sections 75 and 76 of the Companies Act 2016. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 21 | 8 |
| No. of Shares | 61,533,336 | 64,400 |
| % of Voted Shares | 99.8955 | 0.1045 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | PINEHILL PACIFIC BERHAD |
| Stock Name | PINEPAC |
| Date Announced | 30 Nov 2020 |
| Category | General Meeting |
| Reference Number | GMA-26112020-00007 |
| Corporate Action ID | MY201126MEET0006 |