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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 Eleventh Annual General Meeting ("11th AGM") of the Company dated 27 October 2022 were duly approved by the shareholders of the Company at the 11th 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 25 November 2022.
Voting Results
1. Ordinary Resolution 1
Description
To approve the payment of Directors' fees for an amount up to RM240,000/- which is payable on a quarterly basis and Directors' benefits up to RM138,000/- to the Non-Executive Directors for the period commencing from 25 November 2022 until the next Annual General Meeting in year 2023.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
105
38
No. of Shares
539,742,645
10,569,664
% of Voted Shares
98.0793
1.9207
Result
Accepted
2. Ordinary Resolution 2
Description
To re-elect Mr. Lim Pay Chuan 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
128
19
No. of Shares
540,658,850
10,380,847
% of Voted Shares
98.1161
1.8839
Result
Accepted
3. Ordinary Resolution 3
Description
To re-elect Mr. Lim Peir Shenq 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
129
18
No. of Shares
550,954,890
57,182
% of Voted Shares
99.9896
0.0104
Result
Accepted
4. Ordinary Resolution 4
Description
To re-elect Ms. Helen Tan Miang Kieng who retires in accordance with Article 117 of the Company's Constitution, and being eligible, has offered herself for re-election.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
131
17
No. of Shares
550,992,890
47,182
% of Voted Shares
99.9914
0.0086
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
137
11
No. of Shares
540,711,012
10,329,060
% of Voted Shares
98.1255
1.8745
Result
Accepted
6. Ordinary Resolution 6
Description
Authority to Issue Shares pursuant to the Companies Act 2016 and Waiver of Pre-emptive Rights.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
121
25
No. of Shares
550,818,041
78,031
% of Voted Shares
99.9858
0.0142
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
121
18
No. of Shares
37,995,451
12,396
% of Voted Shares
99.9674
0.0326
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
135
14
No. of Shares
553,531,801
8,271
% of Voted Shares
99.9985
0.0015
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.