GENERAL MEETINGS: Outcome of Meeting
| PRESTAR RESOURCES BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 21 Jul 2021 |
| Time | 10:00 AM |
| Venue(s) |
To be deemed held where the Chairman of the Meeting is in Selangor Darul Ehsan and on a fully virtual basis hosted on Securities Services e-Portal at https://sshsb.net.my/ provided by SS E Solutions Sdn. Bhd. Malaysia |
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| Outcome of Meeting | The Board of Directors of Prestar Resources Berhad (“the Company”) wishes to inform that all of the resolutions as per the Notice of the Thirty-Sixth Annual General Meeting ("36th AGM") dated 28 April 2021 were duly passed and approved by the shareholders of the Company at the 36th 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 poll results for Resolutions 13, 14, 15 and 16 are as follows:
This announcement is dated 21 July 2021. |
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Voting Results |
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1. Resolution 1 |
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| Description |
To approve the payment of a single-tier final dividend of 1.0 sen per ordinary share for the financial year ended 31 December 2020. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 89 | 2 |
| No. of Shares | 104,221,536 | 12,000 |
| % of Voted Shares | 99.9885 | 0.0115 |
| Result | Accepted | |
2. Resolution 2 |
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| Description |
To approve the payment of Directors' fees amounting to RM260,083.00 for the financial year ended 31 December 2020. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 77 | 6 |
| No. of Shares | 82,718,915 | 52,100 |
| % of Voted Shares | 99.9371 | 0.0629 |
| Result | Accepted | |
3. Resolution 3 |
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| Description |
To approve an amount of up to RM30,000.00 as benefits payable to the Non-Executive Directors from 23 June 2021 to the next Annual General Meeting of the Company to be held in 2022. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 78 | 8 |
| No. of Shares | 102,681,930 | 52,106 |
| % of Voted Shares | 99.9493 | 0.0507 |
| Result | Accepted | |
4. Resolution 4 |
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| Description |
To re-elect Encik Shamsudin @ Samad Bin Kassim in accordance with Clause 103 of the Company's Constitution. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 84 | 6 |
| No. of Shares | 103,968,530 | 15,006 |
| % of Voted Shares | 99.9856 | 0.0144 |
| Result | Accepted | |
5. Resolution 5 |
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| Description |
To re-elect Mr. Kenny Toh Jin Tat in accordance with Clause 103 of the Company's Constitution. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 86 | 4 |
| No. of Shares | 104,117,436 | 16,100 |
| % of Voted Shares | 99.9845 | 0.0155 |
| Result | Accepted | |
6. Resolution 6 |
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| Description |
To re-elect Dato' Toh Yew Peng in accordance with Clause 118 of the Company's Constitution. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 86 | 3 |
| No. of Shares | 95,970,436 | 13,100 |
| % of Voted Shares | 99.9864 | 0.0136 |
| Result | Accepted | |
7. Resolution 7 |
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| Description |
To re-elect Tuan Haji Fadzlullah Shuhaimi Bin Salleh in accordance with Clause 118 of the Company's Constitution. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 81 | 9 |
| No. of Shares | 104,125,330 | 18,206 |
| % of Voted Shares | 99.9825 | 0.0175 |
| Result | Accepted | |
8. Resolution 8 |
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| Description |
To re-elect Mr. Lou Swee You in accordance with Clause 118 of the Company's Constitution. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 82 | 8 |
| No. of Shares | 104,028,230 | 16,306 |
| % of Voted Shares | 99.9843 | 0.0157 |
| Result | Accepted | |
9. Resolution 9 |
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| Description |
To re-appoint Messrs. BDO PLT as Auditors of the Company until the conclusion of the next Annual General Meeting of the Company and to authorise the Directors to fix their remuneration. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 87 | 4 |
| No. of Shares | 104,221,530 | 12,006 |
| % of Voted Shares | 99.9885 | 0.0115 |
| Result | Accepted | |
10. Resolution 10 |
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| Description |
Authority to Issue Shares pursuant to the Companies Act 2016. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 83 | 8 |
| No. of Shares | 104,177,430 | 56,106 |
| % of Voted Shares | 99.9462 | 0.0538 |
| Result | Accepted | |
11. Resolution 11 |
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| Description |
Proposed Renewal of Share Buy-Back Authority. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 87 | 4 |
| No. of Shares | 104,217,436 | 16,100 |
| % of Voted Shares | 99.9846 | 0.0154 |
| Result | Accepted | |
12. Resolution 12 |
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| Description |
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 66 | 8 |
| No. of Shares | 2,733,180 | 1,219,006 |
| % of Voted Shares | 69.1562 | 30.8438 |
| Result | Accepted | |
13. Resolution 13 |
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| Description |
Retention of Mr. Lou Swee You as an Independent Non-Executive Director. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 83 | 8 |
| No. of Shares | 104,217,230 | 16,306 |
| % of Voted Shares | 99.9844 | 0.0156 |
| Result | Accepted | |
14. Resolution 14 |
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| Description |
Retention of Encik Md. Nahar Bin Noordin as an Independent Non-Executive Director. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 82 | 9 |
| No. of Shares | 104,215,330 | 18,206 |
| % of Voted Shares | 99.9825 | 0.0175 |
| Result | Accepted | |
15. Resolution 15 |
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| Description |
Retention of Tuan Haji Fadzlullah Shuhaimi Bin Salleh as an Independent Non-Executive Director. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 82 | 9 |
| No. of Shares | 104,215,330 | 18,206 |
| % of Voted Shares | 99.9825 | 0.0175 |
| Result | Accepted | |
16. Resolution 16 |
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| Description |
Retention of Dato' Lim Cheang Nyok as an Independent Non-Executive Director. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 82 | 9 |
| No. of Shares | 103,011,530 | 1,222,006 |
| % of Voted Shares | 98.8276 | 1.1724 |
| Result | Accepted | |
Announcement Info
| Company Name | PRESTAR RESOURCES BERHAD |
| Stock Name | PRESTAR |
| Date Announced | 21 Jul 2021 |
| Category | General Meeting |
| Reference Number | GMA-21072021-00004 |
| Corporate Action ID | MY210721MEET0004 |