GENERAL MEETINGS: Outcome of Meeting
| PROGRESSIVE IMPACT CORPORATION BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 16 Jun 2020 |
| Time | 10:00 AM |
| Venue(s) |
Broadcast Venue: PICORP Corporate R&D Gallery 4th Floor, Mercu PICORP, Lot 10, Jalan Astaka U8/84 Bukit Jelutong, 40150 Shah Alam, Selangor Darul Ehsan Malaysia |
| Outcome of Meeting | The Board of Directors of Progressive Impact Corporation Berhad ("the Company") wishes to announce that all resolutions set out in the Notice the 28th Annual General Meeting ("28th AGM") dated 18 May 2020 were duly passed at the 28th AGM of the Company held earlier today.
The voting on the resolutions was carried out by way of poll and the results were validated by Asia Securities Sdn Bhd, the independent scrutineer appointed by the Company.
Details of the results of the poll on the resolutions are set out below.
This announcement is dated 16 June 2020. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the payment of the Single Tier Final Dividend of 0.55 sen per share for the financial year ended 31 December 2019. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 26 | 0 |
| No. of Shares | 428,495,191 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To re-elect Datuk Abdul Hamid bin Sawal, who shall retire pursuant to Clause 76(3) of the Constitution of the Company, as Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 24 | 2 |
| No. of Shares | 428,485,907 | 9,284 |
| % of Voted Shares | 99.9978 | 0.0022 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To re-elect Zaid bin Abdullah, who shall retire pursuant to Clause 76(3) of the Constitution of the Company, as Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 24 | 2 |
| No. of Shares | 428,485,907 | 9,284 |
| % of Voted Shares | 99.9978 | 0.0022 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-elect Lee Weng Chong, who shall retire pursuant to Clause 76(3) of the Constitution of the Company, as Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 24 | 2 |
| No. of Shares | 428,485,907 | 9,284 |
| % of Voted Shares | 99.9978 | 0.0022 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To approve the Non-Executive Directors fees of RM237,600 for the period commencing from the date immediately after the 28th Annual General Meeting up to the date of the next Annual General Meeting to be held in 2021. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 13 | 3 |
| No. of Shares | 55,422,760 | 9,484 |
| % of Voted Shares | 99.9829 | 0.0171 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To approve the Directors benefits of RM264,000 for the period for the period commencing from the date immediately after the 28th Annual General Meeting up to the date of the next Annual General Meeting to be held in 2021. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 13 | 3 |
| No. of Shares | 55,422,760 | 9,484 |
| % of Voted Shares | 99.9829 | 0.0171 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
||
| Description |
To re-appoint Messrs Ernst & Young PLT as Auditors of the Company and authorise the Directors to fix their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 25 | 1 |
| No. of Shares | 428,495,007 | 184 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
8. Ordinary Resolution 8 |
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| Description |
Proposed renewal of the 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 | 15 | 1 |
| No. of Shares | 54,959,060 | 184 |
| % of Voted Shares | 99.9997 | 0.0003 |
| Result | Accepted | |
9. Ordinary Resolution 9 |
||
| Description |
Proposed renewal of shareholders mandate to purchase its own ordinary shares of up to 10% of the total number of issued shares in the company |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 25 | 1 |
| No. of Shares | 428,495,007 | 184 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
10. Ordinary Resolution 10 |
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| Description |
Authority to issue and allot shares pursuant to Sections 75 and 76 of the Companies Act 2016 |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 25 | 1 |
| No. of Shares | 428,495,007 | 184 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
11. Ordinary Resolution 11 |
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| Description |
Authority to Lee Weng Chong who has served as an Independent Non-Executive Director of the Company for a cumulative term of more than nine years, to continue to act as an Independent Non-Executive Director of the Company until the conclusion of the next Annual General Meeting |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 9 | 0 |
| No. of Shares | 372,012,947 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
12. Ordinary Resolution 11 (Tier 2) |
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| Description |
Authority to Lee Weng Chong who has served as an Independent Non-Executive Director of the Company for a cumulative term of more than nine years, to continue to act as an Independent Non-Executive Director of the Company until the conclusion of the next Annual General Meeting |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 14 | 2 |
| No. of Shares | 55,422,960 | 9,284 |
| % of Voted Shares | 99.9833 | 0.0167 |
| Result | Accepted | |
13. Ordinary Resolution 12 |
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| Description |
Authority to Datuk Abdul Hamid Bin Sawal who has served as an Independent Non-Executive Director of the Company for a cumulative term of more than nine years, to continue to act as an Independent Non-Executive Director of the Company until the conclusion of the next Annual General Meeting |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 24 | 2 |
| No. of Shares | 428,485,907 | 9,284 |
| % of Voted Shares | 99.9978 | 0.0022 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | PROGRESSIVE IMPACT CORPORATION BERHAD |
| Stock Name | PICORP |
| Date Announced | 16 Jun 2020 |
| Category | General Meeting |
| Reference Number | GMA-16062020-00023 |
| Corporate Action ID | MY200616MEET0022 |