GENERAL MEETINGS: Outcome of Meeting
| PRICEWORTH INTERNATIONAL BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 29 Jun 2022 |
| Time | 10:00 AM |
| Venue(s) |
To be conducted on a fully virtual basis through live streaming and online remote voting via the remote participation and voting (RPV) facilities hosted on the VirtualeAGM e-portal at www.vpoll.com.my (Domain Registration No. D1A457149) in Malaysia |
| Outcome of Meeting | The Board of Directors of Priceworth International Berhad ("PWI" or "Company") wishes to announce that all the resolutions set out in the Notice of the Twenty-Fifth Annual General Meeting (“25th AGM”) of the Company dated 29 April 2022 were duly passed by the shareholders of the Company by way of poll voting via www.vpoll.com.my as operated by AI Smartual Learning Sdn. Bhd. in Malaysia at the 25th AGM held on 29 June 2022.
The results of the poll were validated by Messrs. Needsbridge Advisory Sdn. Bhd., the Independent Scrutineer appointed by the Company.
This annoucement is dated 29 June 2022. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the payment of Directors' fees and other benefits for an amount of not exceeding RM396,000 to be divided amongst the Directors in such manner as the Directors may determine for the period commencing from the conclusion of the 25th AGM or at any adjournment thereof until the conclusion of the next AGM of the Company to be held in 2023. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 32 | 7 |
| No. of Shares | 740,466,435 | 20,675 |
| % of Voted Shares | 99.9972 | 0.0028 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To re-elect Mr Koo Jenn Man who retires by rotation in accordance with Clause 105(1) of the Companys Constitution and being eligible, has offered himself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 39 | 0 |
| No. of Shares | 740,487,110 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To re-elect Faigdal Bin Kagawahan who retires pursuant to Clause 114 of the Company's Constitution and being eligible, have offered himself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 39 | 0 |
| No. of Shares | 740,487,110 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-elect Ismail Bin Mustaffa who retires pursuant to Clause 114 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 | 38 | 0 |
| No. of Shares | 740,487,070 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To re-appoint Messrs. PKF 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 | 37 | 0 |
| No. of Shares | 740,486,950 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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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 | 37 | 0 |
| No. of Shares | 740,486,950 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
Proposed Renewal of Authority for the Company to Purchase its own Shares of up to Ten Percent (10%) of the Issued Share Capital of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 37 | 0 |
| No. of Shares | 740,486,950 | 0 |
| % of Voted Shares | 37.0000 | 0.0000 |
| Result | Accepted | |
Announcement Info
| Company Name | PRICEWORTH INTERNATIONAL BERHAD |
| Stock Name | PWORTH |
| Date Announced | 29 Jun 2022 |
| Category | General Meeting |
| Reference Number | GMA-29062022-00012 |
| Corporate Action ID | MY220629MEET0012 |