General Meeting

15/07/2020

GENERAL MEETINGS: Outcome of Meeting

PENTAMASTER CORPORATION BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 15 Jul 2020
Time 10:00 AM

Venue(s) 
Plot 18 & 19, Technoplex,

Medan Bayan Lepas,

Taman Perindustrian Bayan Lepas,

Phase IV, 11900 Penang

Malaysia

Outcome of Meeting

The Board of Pentamaster Corporation Berhad ("PCB" or "the Company") is pleased to announce that at the Adjourned 18th Annual General Meeting of the Company held on 15 July 2020, all the resolutions set out in the Notice of the Adjourned 18th Annual General Meeting dated 19 June 2020 were duly passed by way of poll.

The results of the poll were duly verified by Commercial Quest Sdn. Bhd., the independent Scrutineer appointed by the Company.

Details of the results of the poll are set out below.

This announcement is dated 15 July 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of a final single tier dividend of 1.5 sen per share for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 248 2
No. of Shares 258,658,626 2,000
% of Voted Shares 99.9992 0.0008
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors fees amounting to RM211,200 to Directors of the Company for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 246 5
No. of Shares 258,659,076 13,450
% of Voted Shares 99.9948 0.0052
Result Accepted

3. Ordinary Resolution 3

Description 
To approve the payment of Directors fees amounting to HKD805,200 (approximately RM459,000 equivalent) per annum to Directors of the subsidiary company commencing from the financial year ending 31 December 2020 and that such fees to the Directors of the subsidiary company shall continue until otherwise resolved.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 239 9
No. of Shares 258,464,981 59,320
% of Voted Shares 99.9771 0.0229
Result Accepted

4. Ordinary Resolution 4

Description 
To approve the payment of benefits of up to RM35,000 to the Non-Executive Directors of the Company from 6 May 2020 until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 244 3
No. of Shares 258,657,601 1,050
% of Voted Shares 99.9996 0.0004
Result Accepted

5. Ordinary Resolution 5

Description 
To approve the payment of benefits of up to RM35,000 to the Non-Executive Directors of the subsidiary company from 6 May 2020 until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 247 5
No. of Shares 258,493,456 38,870
% of Voted Shares 99.9850 0.0150
Result Accepted

6. Ordinary Resolution 6

Description 
To re-elect Mr. Leng Kean Yong as a Director of the Company in accordance with Clause 109(a) and (b) of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 200 49
No. of Shares 240,483,426 18,167,800
% of Voted Shares 92.9759 7.0241
Result Accepted

7. Ordinary Resolution 7

Description 
To re-elect Mr. Lee Kean Cheong as a Director of the Company in accordance with Clause 109(a) and (b) of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 237 12
No. of Shares 254,717,521 3,094,950
% of Voted Shares 98.7995 1.2005
Result Accepted

8. Ordinary Resolution 8

Description 
To re-appoint Messrs. Grant Thornton 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 249 4
No. of Shares 258,521,526 12,000
% of Voted Shares 99.9954 0.0046
Result Accepted

9. Ordinary Resolution 9

Description 
To authorise Mr. Loh Nam Hooi who has served as an Independent Non-Executive Director of the Company for a cumulative term of more than 12 years to continue to act as an Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1 0
No. of Shares 93,280,080 0
% of Voted Shares 100.0000 0.0000
Result Accepted

10. Ordinary Resolution 10

Description 
To empower the Directors to issue and allot up to 10% of the total number of issued shares of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 237 16
No. of Shares 236,803,126 21,859,300
% of Voted Shares 91.5491 8.4509
Result Accepted

11. Ordinary Resolution 11

Description 
To approve the proposed renewal of existing shareholders' mandate and proposed new shareholders' mandate for Recurrent Related Party Transactions of a revenue or trading nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 245 5
No. of Shares 143,810,927 5,050
% of Voted Shares 99.9965 0.0035
Result Accepted

12. Ordinary Resolution 12

Description 
To approve the proposed purchase by the Company of its own shares of up to 10% of its total number of issued shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 249 5
No. of Shares 258,434,726 248,700
% of Voted Shares 99.9039 0.0961
Result Accepted

13. Ordinary Resolution 9 (2nd tier)

Description 
To authorise Mr. Loh Nam Hooi who has served as an Independent Non-Executive Director of the Company for a cumulative term of more than 12 years to continue to act as an Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 207 46
No. of Shares 129,431,796 35,968,750
% of Voted Shares 78.2535 21.7465
Result Accepted





Announcement Info

Company Name PENTAMASTER CORPORATION BERHAD
Stock Name PENTA
Date Announced 15 Jul 2020
Category General Meeting
Reference Number GMA-15072020-00008
Corporate Action ID MY200715MEET0008


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