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The Board of Directors of PESTECH International Berhad ("PESTECH" or "the Company") is pleased to announce that all the resolutions as set out in the Notice of the Ninth Annual General Meeting (“9th AGM”) of the Company dated 28 October 2020 were duly approved by the shareholders of the Company at the 9th 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.
This announcement is dated 26 November 2020.
Voting Results
1. Ordinary Resolution 1
Description
To approve the payment of Directors' fees for an amount up to RM210,000/- which is payable on a quarterly basis and Directors' benefits up to RM90,000/- to the Non-Executive Directors for the period commencing from 26 November 2020 until the next Annual General Meeting in year 2021.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
98
13
No. of Shares
491,748,810
7,743
% of Voted Shares
99.9984
0.0016
Result
Accepted
2. Ordinary Resolution 2
Description
To re-elect Mr. Lee Ting Kiat who retires in accordance with Article 118 of the Company's Constitution, and being eligible, has offered himself for re-election.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
103
8
No. of Shares
491,751,240
5,313
% of Voted Shares
99.9989
0.0011
Result
Accepted
3. Ordinary Resolution 3
Description
To re-elect Mr. Lim Peir Shenq who retires in accordance with Article 117 of the Company's Constitution, and being eligible, has offered himself for re-election.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
103
8
No. of Shares
491,751,240
5,313
% of Voted Shares
99.9989
0.0011
Result
Accepted
4. Ordinary Resolution 4
Description
To re-elect Ir. Amir Bin Yahya who retires in accordance with Article 117 of the Company's Constitution, and being eligible, has offered himself for re-election.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
100
11
No. of Shares
491,749,040
7,513
% of Voted Shares
99.9985
0.0015
Result
Accepted
5. Ordinary Resolution 5
Description
To re-appoint Messrs. Grant Thornton Malaysia PLT as the Company's Auditors 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
104
7
No. of Shares
491,751,340
5,213
% of Voted Shares
99.9989
0.0011
Result
Accepted
6. Ordinary Resolution 6
Description
Authority to Issue Shares pursuant to the Companies Act 2016.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
100
11
No. of Shares
459,445,540
32,311,013
% of Voted Shares
93.4295
6.5705
Result
Accepted
7. Ordinary Resolution 7
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
94
7
No. of Shares
98,532,040
5,213
% of Voted Shares
99.9947
0.0053
Result
Accepted
8. Ordinary Resolution 8
Description
Proposed Renewal of Share Buy-Back authority of up to 10% of the total number of issued shares of the Company.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
101
10
No. of Shares
459,450,540
32,306,013
% of Voted Shares
93.4305
6.5695
Result
Accepted
9. Ordinary Resolution 9
Description
Proposed Renewal of the Authority to Allot and Issue New Ordinary Shares in the Company, for the purpose of the Dividend Reinvestment Plan of the Company which will provide the Shareholders of PESTECH with the option to elect to Reinvest their Cash Dividend in PESTECH Shares.