News

General Meetings: Notice of Meeting

BackAug 27, 2020
Type of Meeting Extraordinary
Indicator Notice of Meeting
Description

Notice of Extraordinary General Meeting ("EGM") Due to the COVID-19 outbreak, the EGM of the Company will be held on a fully virtual basis via remote participation through live stream and online voting.
Date of Meeting 15 Sep 2020
Time 03:00 PM
Venue(s)

Meeting Room, Securities Services (Holdings) Sdn. Bhd.,

Level 7, Menara Milenium, Jalan Damanlela,

Pusat Bandar Damansara, Damansara Heights,

50490 Kuala Lumpur, Wilayah Persekutuan
Malaysia
Date of General Meeting Record of Depositors 09 Sep 2020

Resolutions

1. ORDINARY RESOLUTION 1
Description

Proposed private placement of 79,579,740 new ordinary shares in Prestariang Berhad ("Prestariang" or the "Company") ("Prestariang Share(s)" or "Share(s)")("Placement Share(s)") at an issue price of RM 0.350 per Placement Share together with 79,579,740 free detachable warrants ("Warrant(s)") on the basis of 1 Warrant for every 1 Placement Share issued
Shareholder’s Action For Voting

2. ORDINARY RESOLUTION 2
Description

Proposed renounceable rights issue of up to 176,843,866 new Prestariang Shares ("Rights Share(s)") at an issue price of RM 0.200 per Rights Share, on the basis of 1 Rights Share for every 3 existing Prestariang Shares held, together with up to 176,843,866 Warrants on the basis of 1 Warrant for every 1 Rights Share subscribed for, on an entitlement date to be determined and announced later
Shareholder’s Action For Voting

3. ORDINARY RESOLUTION 3
Description

Proposed establishment of a Long Term Incentive Plan ("LTIP"), which comprises the Proposed Employee Share Option Scheme and the Proposed Share Grant Plan, of up to 15% of the issued share capital of Prestariang (excluding treasury shares, if any) at any point in time during the duration of the LTIP, for the eligible Directors and employees of Prestariang and its subsidiary companies, which are not dormant, who fulfil the eligibility criteria as set out in the By-Laws of the LTIP
Shareholder’s Action For Voting

4. ORDINARY RESOLUTIONS 4
Description

Proposed allocation of LTIP Awards to Paul Chan Wan Siew
Shareholder’s Action For Voting

5. ORDINARY RESOLUTIONS 5
Description

Proposed allocation of LTIP Awards to Ramanathan A/L Sathiamutty
Shareholder’s Action For Voting

6. ORDINARY RESOLUTIONS 6
Description

Proposed allocation of LTIP Awards to Ginny Yeow Mei Ying
Shareholder’s Action For Voting

7. ORDINARY RESOLUTIONS 7
Description

Proposed allocation of LTIP Awards to Baldesh Singh A/L Manmohan Singh
Shareholder’s Action For Voting

8. ORDINARY RESOLUTIONS 8
Description

Proposed allocation of LTIP Awards to Professor Emeritus Dato' Dr. Hassan Bin Said
Shareholder’s Action For Voting

9. ORDINARY RESOLUTIONS 9
Description

Proposed allocation of LTIP Awards to Hafidah Aman Binti Hashim
Shareholder’s Action For Voting


Announcement Info

Company Name PRESTARIANG BERHAD
Stock Name PRESBHD
Date Announced 27 Aug 2020
Category General Meeting
Reference Number GMA-26082020-00016
Corporate Action ID MY200826MEET0016

Attachments

  1. Prestariang_-_Notice_of_EGM.pdf (Size: 125,806 bytes)