PIE

5.960

-0.07 (-1.2%)

GENERAL MEETINGS: Outcome of Meeting

P.I.E. INDUSTRIAL BERHAD

Type of Meeting	General
Indicator	Outcome of Meeting
Date of Meeting	19 May 2023
Time	09:00 AM

Venue(s)

Meeting Room 3, Level 1, Ixora Hotel

Jalan Baru,

Bandar Perai Jaya, 13600 Perai,

Penang

Malaysia

Outcome of Meeting

P.I.E. Industrial Berhad ("PIB" or “the Company”) is pleased to announce that all the resolutions as set out in the Notice of the Twenty-Sixth Annual General Meeting (“26th AGM”) dated 20 April 2023 were voted on poll at the 26th AGM of the Company held on 19 May 2023.

The results of the poll were verified by Symphony Corporate Service Sdn Bhd, the Independent Scrutineer appointed by the Company. The details of the poll results are set out in the table below.

This announcement is dated 19 May 2023.

Voting Results

1. Ordinary Resolution 1
Description	To approve the payment of Directors Fees of up to RM90,000 for the financial year ended 31 December 2022.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	18	1
No. of Shares	197,644,385	100
% of Voted Shares	99.9999	0.0001
Result	Accepted

2. Ordinary Resolution 2
Description	To approve the benefits payable (excluding Directors Fees) to the Non-Executive Directors up to an amount of RM40,800 from 1 June 2023 until the next Annual General Meeting (AGM) of the Company.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	46	13
No. of Shares	225,533,482	22,330,800
% of Voted Shares	90.9907	9.0093
Result	Accepted

3. Ordinary Resolution 3
Description	To re-elect Mr Mui Chung Meng who retires by rotation in accordance with Article 102(1) of the Company's Constitution.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	44	1
No. of Shares	225,454,682	100
% of Voted Shares	99.9999	0.0001
Result	Accepted

4. Ordinary Resolution 4
Description	To re-elect Ms Koay San San who retires by rotation in accordance with Article 102(1) of the Company's Constitution.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	38	3
No. of Shares	223,506,182	761,800
% of Voted Shares	99.6603	0.3397
Result	Accepted

5. Ordinary Resolution 5
Description	To re-appoint Messrs. Deloitte PLT as Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	59	1
No. of Shares	247,906,982	800
% of Voted Shares	99.9997	0.0003
Result	Accepted

6. Ordinary Resolution 6
Description	To authorise Directors to allot and issue shares pursuant to Authority to Issue Shares and Waiver of Pre-emptive Rights
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	51	8
No. of Shares	230,022,482	17,833,000
% of Voted Shares	92.8051	7.1949
Result	Accepted

7. Ordinary Resolution 7
Description	To approve the authority to purchase company own shares.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	60	0
No. of Shares	247,916,182	0
% of Voted Shares	100.0000	0.0000
Result	Accepted

8. Ordinary Resolution 8
Description	To approve the Proposed New and Renewal of Shareholders Mandate for Recurrent Related Party Transaction of a Revenue or Trading Nature.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	18	0
No. of Shares	246,200	0
% of Voted Shares	100.0000	0.0000
Result	Accepted

Please refer attachment below.

Attachments

PIB_26th AGM Vote Summary.pdf
262.8 kB

Announcement Info

Company Name	P.I.E. INDUSTRIAL BERHAD
Stock Name	PIE
Date Announced	19 May 2023
Category	General Meeting
Reference Number	GMA-18052023-00001
Corporate Action ID	MY230518MEET0001