General Meeting

27/07/2020

GENERAL MEETINGS: Outcome of Meeting

PRESTAR RESOURCES BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 27 Jul 2020
Time 10:00 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 Prestar Resources Berhad (“PRESTAR” or “the Company”) wishes to inform that all of the resolutions as per the Notice of the Thirty-Fifth Annual General Meeting ("35th AGM") dated 12 June 2020 were duly passed and approved by the shareholders of the Company at the 35th 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.

 

Details of the poll results for Resolutions 11, 12, 13 and 14 are as follows:

 

Resolution

Total Votes For

Total Vote Against

Results

 

 

No. of Shares

%

No. of Shares

%

 

 

Resolution 11

 

Ordinary Resolution No. 4

Retention of Mr. Lou Swee You as an Independent Non-Executive Director.

 

Tier 1

73,191,400

100.0000

Nil

0.0000

Accepted

 

Tier 2

20,795,438

99.9375

13,000

0.0625

 

Resolution 12

 

Ordinary Resolution No. 5

Retention of Encik Md. Nahar bin Noordin as an Independent Non-Executive Director.

 

Tier 1

73,191,400

100.0000

Nil

0.0000

Accepted

 

Tier 2

19,431,338

99.9331

13,000

0.0669

 

Resolution 13

 

Ordinary Resolution No. 6

Retention of Tuan Haji Fadzlullah Shuhaimi bin Salleh as an Independent Non-Executive Director.

 

Tier 1

73,191,400

100.0000

Nil

0.0000

Accepted

 

Tier 2

20,765,338

99.7929

43,100

0.2071

 

Resolution 14

 

Ordinary Resolution No. 7

Retention of Dato' Lim Cheang Nyok as an Independent Non-Executive Director.

 

Tier 1

73,191,400

100.0000

Nil

0.0000

Accepted

 

Tier 2

20,664,838

99.8883

23,100

0.1117

 

Please refer to the attachment for the details of the poll results.

 

This announcement is dated 27 July 2020.

 

 

Voting Results

1. Resolution 1

Description 
To approve the payment of the single-tier final dividend of 1.0 sen per ordinary share for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 51 1
No. of Shares 93,992,618 13,000
% of Voted Shares 99.9862 0.0138
Result Accepted

2. Resolution 2

Description 
To approve the payment of Directors' fees amounting to RM225,000.00 for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 37 4
No. of Shares 73,990,723 29,000
% of Voted Shares 99.9608 0.0392
Result Accepted

3. Resolution 3

Description 
To approve an amount of up to RM30,000.00 as benefits payable to the Non-Executive Directors from 28 July 2020 to the next Annual General Meeting of the Company to be held in 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 43 4
No. of Shares 92,295,968 29,000
% of Voted Shares 99.9686 0.0314
Result Accepted

4. Resolution 4

Description 
To re-elect Mr. Toh Yew Kar in accordance with Clause 118 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 50 1
No. of Shares 93,989,568 13,000
% of Voted Shares 99.9862 0.0138
Result Accepted

5. Resolution 5

Description 
To re-elect Mr. Toh Yew Seng in accordance with Clause 118 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 50 1
No. of Shares 93,989,568 13,000
% of Voted Shares 99.9862 0.0138
Result Accepted

6. Resolution 6

Description 
To re-elect Encik Md. Nahar Bin Noordin in accordance with Clause 118 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 47 1
No. of Shares 92,602,738 13,000
% of Voted Shares 99.9860 0.0140
Result Accepted

7. Resolution 7

Description 
To re-appoint Messrs. BDO PLT as Auditors of the Company until the conclusion of the next Annual General Meeting of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 49 1
No. of Shares 93,986,838 13,000
% of Voted Shares 99.9862 0.0138
Result Accepted

8. Resolution 8

Description 
Authority to Issue Shares pursuant to the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 48 2
No. of Shares 93,966,838 33,000
% of Voted Shares 99.9649 0.0351
Result Accepted

9. Resolution 9

Description 
Proposed Renewal of Share Buy-Back Authority.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 48 1
No. of Shares 93,966,838 13,000
% of Voted Shares 99.9862 0.0138
Result Accepted

10. Resolution 10

Description 
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 35 3
No. of Shares 2,018,093 23,100
% of Voted Shares 98.8683 1.1317
Result Accepted

11. Resolution 11

Description 
Retention of Mr. Lou Swee You as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 49 1
No. of Shares 93,986,838 13,000
% of Voted Shares 99.9862 0.0138
Result Accepted

12. Resolution 12

Description 
Retention of Encik Md. Nahar Bin Noordin as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 48 1
No. of Shares 92,622,738 13,000
% of Voted Shares 99.9860 0.0140
Result Accepted

13. Resolution 13

Description 
Retention of Tuan Haji Fadzlullah Shuhaimi Bin Salleh as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 46 4
No. of Shares 93,956,738 43,100
% of Voted Shares 99.9541 0.0459
Result Accepted

14. Resolution 14

Description 
Retention of Dato' Lim Cheang Nyok as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 46 3
No. of Shares 93,856,238 23,100
% of Voted Shares 99.9754 0.0246
Result Accepted



Please refer attachment below.



Announcement Info

Company Name PRESTAR RESOURCES BERHAD
Stock Name PRESTAR
Date Announced 27 Jul 2020
Category General Meeting
Reference Number GMA-24072020-00020
Corporate Action ID MY200724MEET0020


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