General Meeting

25/11/2021

GENERAL MEETINGS: Outcome of Meeting

PESTECH INTERNATIONAL BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 25 Nov 2021
Time 10:00 AM

Venue(s) 
Broadcast Venue at No. 26, Jalan Utarid U5/14,

Seksyen U5,

40150 Shah Alam,

Selangor Darul Ehsan,

Malaysia

Outcome of Meeting 
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 Tenth Annual General Meeting (“10th AGM”) of the Company dated 27 October 2021 were duly approved by the shareholders of the Company at the 10th 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 2021.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of a final single-tier dividend of RM0.005 per ordinary share for the financial year ended 30 June 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 168 8
No. of Shares 466,094,887 13,640
% of Voted Shares 99.9971 0.0029
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors fees for an amount up to RM210,000/- which is payable on a quarterly basis and Directors benefits up to RM120,000/- to the Non-Executive Directors for the period commencing from 25 November 2021 until the next Annual General Meeting in year 2022.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 143 31
No. of Shares 466,010,826 91,101
% of Voted Shares 99.9805 0.0195
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mr. Lim Ah Hock 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 167 9
No. of Shares 466,104,513 4,014
% of Voted Shares 99.9991 0.0009
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Mr. Ng Chee Hoong who retires in accordance with Article 117 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 165 11
No. of Shares 466,099,213 9,314
% of Voted Shares 99.9980 0.0020
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Ms. Hoo Siew Lee 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 165 11
No. of Shares 466,099,213 9,314
% of Voted Shares 99.9980 0.0020
Result Accepted

6. Ordinary Resolution 6

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 166 10
No. of Shares 466,066,518 42,009
% of Voted Shares 99.9910 0.0090
Result Accepted

7. Ordinary Resolution 7

Description 
Authority to Issue Shares pursuant to the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 153 23
No. of Shares 447,658,685 18,449,842
% of Voted Shares 96.0417 3.9583
Result Accepted

8. Ordinary Resolution 8

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 156 14
No. of Shares 65,530,117 34,710
% of Voted Shares 99.9471 0.0529
Result Accepted

9. Ordinary Resolution 9

Description 
Proposed New Shareholders' Mandate for Recurrent Related Party Transaction of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 155 15
No. of Shares 65,530,085 34,742
% of Voted Shares 99.9470 0.0530
Result Accepted

10. Ordinary Resolution 10

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 165 11
No. of Shares 466,098,217 10,310
% of Voted Shares 99.9978 0.0022
Result Accepted

11. Ordinary Resolution 11

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.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 160 16
No. of Shares 466,064,780 43,747
% of Voted Shares 99.9906 0.0094
Result Accepted





Announcement Info

Company Name PESTECH INTERNATIONAL BERHAD
Stock Name PESTECH
Date Announced 25 Nov 2021
Category General Meeting
Reference Number GMA-24112021-00007
Corporate Action ID MY211124MEET0007


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