GENERAL MEETINGS: Outcome of Meeting
| PETRA ENERGY BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 21 Aug 2020 |
| Time | 11:00 AM |
| Venue(s) |
Meeting Room, Level 3, Menara OBYU, 4, Jalan PJU 8/8A, Bandar Damansara Perdana, 47820 Petaling Jaya, Selangor Darul Ehsan Malaysia |
| Outcome of Meeting | The Board of Directors of Petra Energy Berhad (‘PEB’ or ‘the Company’) wishes to inform that all of the resolutions as per the Notice of the Fourteenth Annual General Meeting (‘14th AGM’) dated 29 June 2020 were duly passed and approved by the shareholders of the Company at the 14th 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.
Details of the results of the polling in respect of all resolutions at the 14th AGM are set out below.
This announcement is dated 21 August 2020. |
Voting Results |
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1. Resolution 1 |
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| Description |
To approve the payment of Directors fees payable to the Non-Executive Directors amounting to RM391,500.00 from 22 August 2020 until the next Annual General Meeting of the Company |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 53 | 7 |
| No. of Shares | 218,857,976 | 39,501 |
| % of Voted Shares | 99.9820 | 0.0180 |
| Result | Accepted | |
2. Resolution 2 |
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| Description |
To approve the payment of Directors benefits up to an amount of RM63,800.00 from 22 August 2020 until the next Annual General Meeting of the Company |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 52 | 8 |
| No. of Shares | 218,854,776 | 42,701 |
| % of Voted Shares | 99.9805 | 0.0195 |
| Result | Accepted | |
3. Resolution 3 |
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| Description |
To approve and ratify the additional payment of Director's fees amounting to RM208,800.00, which was in excess of the earlier approved amount of RM443,700.00, for the period commencing 24 May 2019 until the conclusion of the Fourteenth Annual General Meeting of the Company scheduled to be convened on 21 August 2020 |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 50 | 9 |
| No. of Shares | 218,853,376 | 44,701 |
| % of Voted Shares | 99.9796 | 0.0204 |
| Result | Accepted | |
4. Resolution 4 |
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| Description |
To re-elect Tan Sri Datuk Seri Panglima Sulong bin Matjeraie, who is due to retire in accordance with Clause 117 of the Company's Constitution and being eligible, had offered himself for re-election |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 53 | 5 |
| No. of Shares | 218,863,076 | 34,901 |
| % of Voted Shares | 99.9841 | 0.0159 |
| Result | Accepted | |
5. Resolution 5 |
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| Description |
To re-elect Encik Ahmadi bin Yusoff, who is due to retire in accordance with Clause 117 of the Company's Constitution and being eligible, had offiered himself for re-election |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 50 | 6 |
| No. of Shares | 218,680,176 | 217,601 |
| % of Voted Shares | 99.9006 | 0.0994 |
| Result | Accepted | |
6. Resolution 6 |
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| Description |
To re-appoint Messrs. PricewaterhouseCoopers PLT as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Directors to fix their remuneration |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 49 | 5 |
| No. of Shares | 218,862,766 | 34,901 |
| % of Voted Shares | 99.9841 | 0.0159 |
| Result | Accepted | |
7. Resolution 7 |
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| Description |
Retention of Encik Abdul Rahim bin Abdul Hamid as an Independent Director |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 50 | 5 |
| No. of Shares | 218,862,866 | 34,901 |
| % of Voted Shares | 99.9841 | 0.0159 |
| Result | Accepted | |
8. Resolution 8 |
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| Description |
Authority to Issue Shares pursuant to the Companies Act 2016 |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 49 | 5 |
| No. of Shares | 218,862,860 | 34,901 |
| % of Voted Shares | 99.9841 | 0.0159 |
| Result | Accepted | |
9. Resolution 9 |
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| 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 | 48 | 5 |
| No. of Shares | 125,650,060 | 34,901 |
| % of Voted Shares | 99.9722 | 0.0278 |
| Result | Accepted | |
10. Resolution 10 |
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| Description |
Proposed Renewal of Authority for the Company to Purchase Its Own Shares |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 50 | 4 |
| No. of Shares | 218,866,760 | 31,001 |
| % of Voted Shares | 99.9858 | 0.0142 |
| Result | Accepted | |
Announcement Info
| Company Name | PETRA ENERGY BERHAD |
| Stock Name | PENERGY |
| Date Announced | 21 Aug 2020 |
| Category | General Meeting |
| Reference Number | GMA-20082020-00001 |
| Corporate Action ID | MY200820MEET0001 |