General Meeting

15/06/2022

GENERAL MEETINGS: Outcome of Meeting

PRESTAR RESOURCES BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 15 Jun 2022
Time 10:00 AM

Venue(s) 
Meeting Room of Securities Services (Holdings) Sdn. Bhd.,

Level 7, Menara Milenium,

Pusat Bandar Damansara, Damansara Heights,

50490 Kuala Lumpur, Wilayah Persekutuan

Malaysia

Outcome of Meeting

The Board of Directors of Prestar Resources Berhad (“the Company”) wishes to inform that all of the resolutions as per the Notice of the Thirty-Seventh Annual General Meeting ("37th AGM") dated 28 April 2022 were duly passed and approved by the shareholders of the Company at the 37th 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 10, 11 and 12 are as follows:

 

Resolutions

Voted in Favour

Voted Against

Results

No. of Shares

%

No. of Shares

%

Resolution 10

 

Ordinary Resolution No. 4

 

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

 

Tier 1

117,106,240

100.0000

Nil

0.0000

Accepted

Tier 2

36,712,340

99.8485

55,708

0.1515

Resolution 11

 

Ordinary Resolution No. 5

 

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

 

Tier 1

117,106,240

100.0000

Nil

0.0000

Accepted

Tier 2

36,730,180

99.8970

37,868

0.1030

Resolution 12

 

Ordinary Resolution No. 6

 

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

 

Tier 1

117,106,240

100.0000

Nil

0.0000

Accepted

Tier 2

36,322,320

98.7877

445,728

1.2123

 

This announcement is dated 15 June 2022.

Voting Results

1. Resolution 1

Description 
To approve the payment of a single-tier final dividend of 2.0 sen per ordinary share for the financial year ended 31 December 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 104 4
No. of Shares 153,846,288 28,000
% of Voted Shares 99.9818 0.0182
Result Accepted

2. Resolution 2

Description 
To approve the payment of Directors' fees amounting to RM350,000.00 for the financial year ended 31 December 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 82 18
No. of Shares 123,128,374 124,629
% of Voted Shares 99.8989 0.1011
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 16 June 2022 to the next Annual General Meeting of the Company to be held in 2023.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 87 17
No. of Shares 150,938,459 120,629
% of Voted Shares 99.9201 0.0799
Result Accepted

4. Resolution 4

Description 
To re-elect Dato' Lim Cheang Nyok in accordance with Clause 118 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 94 13
No. of Shares 153,625,780 55,708
% of Voted Shares 99.9638 0.0362
Result Accepted

5. Resolution 5

Description 
To re-elect Mr. Toh Yew Chin in accordance with Clause 118 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 96 11
No. of Shares 149,503,259 55,388
% of Voted Shares 99.9630 0.0370
Result Accepted

6. Resolution 6

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 99 9
No. of Shares 153,822,740 51,548
% of Voted Shares 99.9665 0.0335
Result Accepted

7. Resolution 7

Description 
Authority to Issue Shares pursuant to the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 95 13
No. of Shares 153,756,260 118,028
% of Voted Shares 99.9233 0.0767
Result Accepted

8. Resolution 8

Description 
Proposed Renewal of Share Buy-Back Authority.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 101 7
No. of Shares 153,838,928 35,360
% of Voted Shares 99.9770 0.0230
Result Accepted

9. Resolution 9

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 82 12
No. of Shares 5,123,515 444,048
% of Voted Shares 92.0244 7.9756
Result Accepted

10. Resolution 10

Description 
Retention of Mr. Lou Swee You as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 95 13
No. of Shares 153,818,580 55,708
% of Voted Shares 99.9638 0.0362
Result Accepted

11. Resolution 11

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 97 11
No. of Shares 153,836,420 37,868
% of Voted Shares 99.9754 0.0246
Result Accepted

12. Resolution 12

Description 
Retention of Dato' Lim Cheang Nyok as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 94 14
No. of Shares 153,428,560 445,728
% of Voted Shares 99.7103 0.2897
Result Accepted





Announcement Info

Company Name PRESTAR RESOURCES BERHAD
Stock Name PRESTAR
Date Announced 15 Jun 2022
Category General Meeting
Reference Number GMA-15062022-00008
Corporate Action ID MY220615MEET0007


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