News

General Meetings: Outcome Of Meeting

BackSep 15, 2020

PRESTARIANG BERHAD

Type of Meeting Extraordinary
Indicator Outcome of Meeting
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
Outcome of Meeting

Prestariang Berhad ("PRESTARIANG") is pleased to announce that all resolutions set out in the Notice of Extraordinary General Meeting ("EGM") dated 28 August 2020 were duly passed by the shareholders of PRESTARIANG at the EGM held today. All the resolutions tabled were voted by poll and the results of the poll were validated by Commercial Quest Sdn. Bhd., the Independent Scrutineer appointed by PRESTARIANG.

 

This announcement is dated 15 September 2020.

Voting Results

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
Voted For Against
No. of Shareholders 31 6
No. of Shares 237,238,519 749,401
% of Voted Shares 99.6851 0.3149
Result Accepted

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
Voted For Against
No. of Shareholders 29 8
No. of Shares 237,927,215 60,705
% of Voted Shares 99.9745 0.0255
Result Accepted

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
Voted For Against
No. of Shareholders 28 8
No. of Shares 217,850,309 20,137,511
% of Voted Shares 91.5384 8.4616
Result Accepted

4. ORDINARY RESOLUTIONS 4
Description

Proposed allocation of LTIP Awards to Paul Chan Wan Siew
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 28 8
No. of Shares 216,900,409 20,137,511
% of Voted Shares 91.5045 8.4955
Result Accepted

5. ORDINARY RESOLUTIONS 5
Description

Proposed allocation of LTIP Awards to Ramanathan A/L Sathiamutty
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 29 8
No. of Shares 217,850,409 20,137,511
% of Voted Shares 91.5384 8.4616
Result Accepted

6. ORDINARY RESOLUTIONS 6
Description

Proposed allocation of LTIP Awards to Ginny Yeow Mei Ying
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 29 8
No. of Shares 217,850,409 20,137,511
% of Voted Shares 91.5384 8.4616
Result Accepted

7. ORDINARY RESOLUTIONS 7
Description

Proposed allocation of LTIP Awards to Baldesh Singh A/L Manmohan Singh
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 30 7
No. of Shares 218,539,209 19,448,711
% of Voted Shares 91.8279 8.1721
Result Accepted

8. ORDINARY RESOLUTIONS 8
Description

Proposed allocation of LTIP Awards to Professor Emeritus Dato' Dr. Hassan Bin Said
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 29 8
No. of Shares 217,850,409 20,137,511
% of Voted Shares 91.5384 8.4616
Result Accepted

9. ORDINARY RESOLUTIONS 9
Description

Proposed allocation of LTIP Awards to Hafidah Aman Binti Hashim
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 29 8
No. of Shares 217,850,409 20,137,511
% of Voted Shares 91.5384 8.4616
Result Accepted

 

Announcement Info

Company Name PRESTARIANG BERHAD
Stock Name PRESBHD
Date Announced 15 Sep 2020
Category General Meeting
Reference Number GMA-15092020-00001
Corporate Action ID MY200915MEET0001