GENERAL MEETINGS: Outcome of Meeting
| PROGRESSIVE IMPACT CORPORATION BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 24 Jun 2021 |
| Time | 10:00 AM |
| Venue(s) |
TIIH Online website at https://tiih.online or https://tiih.com.my (Domain registration number with MYNIC: D1A282781) provided by Tricor Investor & Issuing House Services Sdn. Bhd. Malaysia |
| Outcome of Meeting | The Board of Directors of Progressive Impact Corporation Berhad ("the Company") wishes to announce that all resolutions set out in the Notice of the 29th Annual General Meeting ("29th AGM") dated 27 April 2021 were duly passed at the 29th AGM of the Company held earlier today.
The voting on the resolutions was carried out by way of poll and the results were validated by Asia Securities Sdn Bhd, the independent scrutineer appointed by the Company.
Details of the results of the poll on the resolutions are set out below.
This announcement is dated 24 June 2021. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the payment of the Single Tier Final Dividend of 0.30 sen per share for the financial year ended 31 December 2020. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 51 | 4 |
| No. of Shares | 414,928,811 | 16,400 |
| % of Voted Shares | 99.9960 | 0.0040 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To re-elect Zaidah Binti Mohd Salleh, who shall retire pursuant to Clause 76(3) of the Constitution of the Company, as Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 49 | 6 |
| No. of Shares | 414,928,627 | 16,584 |
| % of Voted Shares | 99.9960 | 0.0040 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To re-elect Dato' Dr Lukman Bin Ibrahim, who shall retire pursuant to Clause 76(3) of the Constitution of the Company, as Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 49 | 6 |
| No. of Shares | 414,928,627 | 16,584 |
| % of Voted Shares | 99.9960 | 0.0040 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To approve the Non-Executive Directors' fees of RM184,800 for the period commencing from the date immediately after the 29th Annual General Meeting up to the date of the next Annual General Meeting to be held in 2022. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 35 | 6 |
| No. of Shares | 38,965,230 | 16,584 |
| % of Voted Shares | 99.9575 | 0.0425 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
||
| Description |
To approve the Directors' benefits of RM252,000 for the period commencing from the date immediately after the 29th Annual General Meeting up to the date of the next Annual General Meeting to be held in 2022. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 33 | 7 |
| No. of Shares | 38,955,130 | 25,684 |
| % of Voted Shares | 99.9341 | 0.0659 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
||
| Description |
To re-appoint Messrs Ernst & Young PLT as Auditors of the Company and authorise the Directors to fix their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 48 | 6 |
| No. of Shares | 414,927,627 | 16,584 |
| % of Voted Shares | 99.9960 | 0.0040 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
Proposed renewal of the 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 | 37 | 6 |
| No. of Shares | 44,550,430 | 16,584 |
| % of Voted Shares | 99.9628 | 0.0372 |
| Result | Accepted | |
8. Ordinary Resolution 8 |
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| Description |
Proposed new shareholders' mandate for recurrent related party transactions of a revenue or trading nature. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 36 | 6 |
| No. of Shares | 44,549,430 | 16,584 |
| % of Voted Shares | 99.9628 | 0.0372 |
| Result | Accepted | |
9. Ordinary Resolution 9 |
||
| Description |
Proposed renewal of shareholders' mandate to purchase its own ordinary shares of up to 10% of the total number of issued shares in the company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 47 | 6 |
| No. of Shares | 414,900,227 | 16,584 |
| % of Voted Shares | 99.9960 | 0.0040 |
| Result | Accepted | |
10. Ordinary Resolution 10 |
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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 | 47 | 6 |
| No. of Shares | 414,900,227 | 16,584 |
| % of Voted Shares | 99.9960 | 0.0040 |
| Result | Accepted | |
11. Ordinary Resolution 11 |
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| Description |
Authority to Datuk Abdul Hamid Bin Sawal who has served as an Independent Non-Executive Director of the Company for a cumulative term of more than nine years, to continue to act as an 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 | 48 | 6 |
| No. of Shares | 414,901,227 | 16,584 |
| % of Voted Shares | 99.9960 | 0.0040 |
| Result | Accepted | |
12. Ordinary Resolution 12 |
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| Description |
Authority to Dato' Hajjah Rosnani Binti Ibarahim who has served as an Independent Non-Executive Director of the Company for a cumulative term of more than nine years, to continue to act as an 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 | 48 | 6 |
| No. of Shares | 414,901,227 | 16,584 |
| % of Voted Shares | 99.9960 | 0.0040 |
| Result | Accepted | |
13. Ordinary Resolution 13 - Tier 1 |
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| Description |
Authority to Lee Weng Chong who has served as an Independent Non-Executive Director of the Company for a cumulative term of more than nine years, to continue to act as an 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 | 10 | 0 |
| No. of Shares | 368,827,797 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
14. Ordinary Resolution 13 - Tier 2 |
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| Description |
Authority to Lee Weng Chong who has served as an Independent Non-Executive Director of the Company for a cumulative term of more than nine years, to continue to act as an 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 | 38 | 6 |
| No. of Shares | 46,073,430 | 16,584 |
| % of Voted Shares | 99.9640 | 0.0360 |
| Result | Accepted | |
Announcement Info
| Company Name | PROGRESSIVE IMPACT CORPORATION BERHAD |
| Stock Name | PICORP |
| Date Announced | 24 Jun 2021 |
| Category | General Meeting |
| Reference Number | GMA-24062021-00016 |
| Corporate Action ID | MY210624MEET0013 |