GENERAL MEETINGS: Outcome of Meeting
Amended Announcements
Please refer to the earlier announcement reference number: GMA-14122022-00004
| PINEHILL PACIFIC BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 19 Dec 2022 |
| Time | 11:00 AM |
| Venue(s) |
Meeting Room of Securities Services (Holdings) Sdn Bhd Level 7, Menara Milenium, Jalan Damanlela Pusat Bandar Damansara, Damansara Heights 50490 Kuala Lumpur, Wilayah Persekutuan Malaysia |
| Outcome of Meeting | The Board of Directors of Pinehill Pacific Berhad ("PinePac" or "Company") is pleased to announce that all the resolutions as set out in the Notice of the One-Hundredth Annual General Meeting ("100th AGM") of PinePac dated 28 October 2022 were duly passed by way of poll at the 100th AGM of PinePac, which was conducted on a virtual basis at the Broadcast Venue at Meeting Room of Securities Services (Holdings) Sdn Bhd, Level 7, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Damansara Heights,50490 Kuala Lumpur, Wilayah Persekutuan, Malaysia, on 19 December 2022.
All the resolutions were voted by poll and the results of the poll were validated by Commercial Quest Sdn. Bhd, the independent scrutineer appointed for the 100th AGM of the Company.
The details of the poll results are set out below. |
Voting Results |
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1. Resolution 1 |
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| Description |
To approve the payment of a single tier first and final dividend of 3.0 sen per ordinary share in respect of the financial year ended 30 June 2022. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 48 | 2 |
| No. of Shares | 58,127,627 | 6,000 |
| % of Voted Shares | 99.9897 | 0.0103 |
| Result | Accepted | |
2. Resolution 2 |
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| Description |
To approve the payment of Directors Fees of RM192,000/- for the financial year ended 30 June 2022. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 35 | 11 |
| No. of Shares | 57,995,425 | 105,202 |
| % of Voted Shares | 99.8189 | 0.1811 |
| Result | Accepted | |
3. Resolution 3 |
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| Description |
To approve the payment of benefits payable to the Non-Executive Directors of up to an amount of RM88,000/- from 1 July 2022 until the conclusion of the next Annual General Meeting of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 31 | 15 |
| No. of Shares | 57,990,321 | 110,306 |
| % of Voted Shares | 99.8101 | 0.1899 |
| Result | Accepted | |
4. Resolution 4 |
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| Description |
To re-elect Dato' Nik Mohd Amin Bin Nik Abu Bakar who retire by rotation pursuant to Clause 100 of the Companys Constitution, and who being eligible, has offered himself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 41 | 8 |
| No. of Shares | 58,075,325 | 56,302 |
| % of Voted Shares | 99.9031 | 0.0969 |
| Result | Accepted | |
5. Resolution 5 |
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| Description |
To re-elect Bala Krishnan Ponniah who retire by rotation pursuant to Clause 100 of the Companys Constitution, and who being eligible, has offered himself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 42 | 7 |
| No. of Shares | 58,075,425 | 56,202 |
| % of Voted Shares | 99.9033 | 0.0967 |
| Result | Accepted | |
6. Resolution 6 |
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| Description |
To re-appoint Messrs Grant Thornton Malaysia PLT as Auditors of the Company for the financial year ending 30 June 2023 and to authorise the Directors to fix their remuneration for that year. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 47 | 3 |
| No. of Shares | 58,124,627 | 9,000 |
| % of Voted Shares | 99.9845 | 0.0155 |
| Result | Accepted | |
7. Resolution 7 (Tier 1) |
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| Description |
To authorise Dato' Ong Kim Hoay who has served as Independent Non-Executive Director for a cumulative term of more than nine (9) years, to continue to serve as Independent Non-Executive Director of the Company up to the conclusion of the next Annual General Meeting. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 2 | 0 |
| No. of Shares | 48,432,524 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
8. Resolution 7 (Tier 2) |
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| Description |
To authorise Dato' Ong Kim Hoay who has served as Independent Non-Executive Director for a cumulative term of more than nine (9) years, to continue to serve as Independent Non-Executive Director of the Company up to the conclusion of the next Annual General Meeting. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 38 | 7 |
| No. of Shares | 9,621,803 | 56,300 |
| % of Voted Shares | 99.4183 | 0.5817 |
| Result | Accepted | |
9. Resolution 8 (Tier 1) |
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| Description |
To authorise Dato' Nik Mohd Amin Bin Nik Abu Bakar who has served as Independent Non-Executive Director for a cumulative term of more than nine (9) years, to continue to serve as Independent Non-Executive Director of the Company up to the conclusion of the next Annual General Meeting. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 2 | 0 |
| No. of Shares | 48,432,524 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
10. Resolution 8 (Tier 2) |
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| Description |
To authorise Dato' Nik Mohd Amin Bin Nik Abu Bakar who has served as Independent Non-Executive Director for a cumulative term of more than nine (9) years, to continue to serve as Independent Non-Executive Director of the Company up to the conclusion of the next Annual General Meeting. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 39 | 8 |
| No. of Shares | 9,642,801 | 56,302 |
| % of Voted Shares | 99.4195 | 0.5805 |
| Result | Accepted | |
11. Resolution 9 |
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| Description |
Authority to Issue Shares Pursuant to Sections 75 and 76 of the Companies Act 2016. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 39 | 11 |
| No. of Shares | 58,072,321 | 61,306 |
| % of Voted Shares | 99.8945 | 0.1055 |
| Result | Accepted | |
Announcement Info
| Company Name | PINEHILL PACIFIC BERHAD |
| Stock Name | PINEPAC |
| Date Announced | 20 Dec 2022 |
| Category | General Meeting |
| Reference Number | GMA-20122022-00001 |
| Corporate Action ID | MY221214MEET0004 |