General Meeting

27/11/2019

GENERAL MEETINGS: Outcome of Meeting

PESTECH INTERNATIONAL BERHAD

Type of Meeting Annual General Meeting
Indicator Outcome of Meeting
Date of Meeting 27 Nov 2019
Time 10:00 AM
Venue 
Zamrud Room, Ground Floor, The Saujana Hotel Kuala Lumpur, Jalan Lapangan Terbang SAAS, 40150 Shah Alam, Selangor Darul Ehsan
Outcome of Meeting

PESTECH International Berhad ("PESTECH") is pleased to announce that all resolutions set out in the Notice of Eighth Annual General Meeting ("8th AGM") dated 29 October 2019 were duly passed by way of poll.

 

The results of the poll were validated by Commercial Quest Sdn. Bhd., the Independent Scrutineer appointed by PESTECH.

 

This announcement is dated 27 November 2019.

Voting Results

Resolution Vote in favour Vote Against Results
No. of Shares % No. of Shares % 
Ordinary Resolution 1

Approval of the payment of Directors fees for an amount up to RM260,000/- which is payable on a quarterly basis and Directors benefits up to RM90,000/- to the Non-Executive Directors for the period commencing from 27 November 2019 until the next Annual General Meeting in year 2020.
 455,132,606 92.085900 39,115,500 7.914100 Carried 
Ordinary Resolution 2

Re-election of Mr. Lim Ah Hock who retires in accordance with Article 95 of the Company's Articles of Association.
 494,233,106 99.997000 15,000 0.003000 Carried 
Ordinary Resolution 3

Re-election of Encik Ibrahim bin Talib who retires in accordance with Article 95 of the Company's Articles of Association.
 491,433,106 99.430400 2,815,000 0.569600 Carried 
Ordinary Resolution 4

Re-appointment of Messrs. Grant Thornton Malaysia as the Company's Auditors for the ensuing year and authorisation for the Board of Directors to fix their remuneration.
 494,233,106 99.997000 15,000 0.003000 Carried 
Ordinary Resolution 5

Authority to issue shares pursuant to the Companies Act 2016.
 455,132,606 92.085900 39,115,500 7.914100 Carried 
Ordinary Resolution 6

Proposed renewal of existing shareholders mandate for recurrent related party transactions of a revenue or trading nature.
 114,485,394 99.986900 15,000 0.013100 Carried 
Ordinary Resolution 7

Proposed renewal of share buy-back authority of up to 10% of the total number of issued shares of the Company.
 455,132,606 92.085900 39,115,500 7.914100 Carried 
Ordinary Resolution 8

Proposed renewal of the authority to allot and issue new ordinary shares in the Company (PESTECH Shares), for the purpose of the Dividend Reinvestment Plan of the Company.
 494,233,106 99.997000 15,000 0.003000 Carried 
Special Resolution

Proposed adoption of New Constitution of the Company.
 494,233,106 99.997000 15,000 0.003000 Carried



Announcement Info

Company Name PESTECH INTERNATIONAL BERHAD
Stock Name PESTECH
Date Announced 27 Nov 2019
Category General Meeting
Reference Number GMA-26112019-00021


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