- General Announcements

Type of Meeting: Annual General Meeting
Indicator: Outcome of Meeting
Date of Meeting: 24 May 2019

 

Time: 09:00 AM
Venue: Function Room 1, Level 1, Ixora Hotel, Jalan Baru, Bandar Perai Jaya, 13600 Perai, Penang
Outcome of Meeting:
P.I.E. Industrial Berhad (“PIE” or “the Company”)
22nd Annual General Meeting duly convened and held on May 24, 2019 (22nd AGM)

On behalf of the Board of Directors of PIE, we wish to inform that Symphony Merchant Sdn Bhd was appointed by PIE as scrutineer to validate the votes cast at the AGM.

Please be informed that a summary of the key matters discussed and deliberated at the AGM will be published at PIE’s corporate website within fourteen (14) days from the date of AGM.

The poll-voting results of the AGM are as follows: 

Resolution Vote in favour Vote Against Results
No. of Shares % No. of Shares %
Resolution 1 - To approve the Declaration of a Special Single Tier Dividend of 2.6 sen per share for the year ended December 31, 2018 201,035,035 100.000000 0 0.000000 Carried
Resolution 2 - To approve the Declaration of a First and Final Single Tier Dividend of 2.4 sen per share for the year ended December 31, 2018 201,033,535 100.000000 0 0.000000 Carried
Resolution 3 - To approve the payment of the Directors’ Fee of up to RM72,000.00 for the financial year ended December 31, 2018 to the Directors 201,009,835 99.990051 20,000 0.009949 Carried
Resolution 4 - To re-elect Chen, Chih-Wen, a director retiring under the provision of Article 98(1) of the Articles of Association of the Company. 200,866,035 99.910717 179,500 0.089283 Carried
Resolution 5 - To re-elect Lee Cheow Kooi, a director retiring under the provision of Article 98(1) of the Articles of Association of the Company 200,920,735 99.940261 120,100 0.059739 Carried
Resolution 6 - To approve the benefits payable (excluding Directors’ Fees) to the Non-Executive Directors up to an amount of RM60,000 from June 1, 2019 until the next Annual General Meeting (AGM) of the Company 200,927,835 99.943295 114,000 0.056705 Carried
Resolution 7 - To re-appoint the retiring Auditors, Messrs. Grant Thornton as Auditors of the Company for the ensuing year and that the Directors be authorized to fix their remuneration 200,987,335 99.988060 24,000 0.011940 Carried
Resolution 8 - To authorise Loo Hooi Beng to continue to serve as Independent Non-Executive Director of the Company 201,000,835 99.990051 20,000 0.009949 Carried
Resolution 9 - To authorise Khoo Lay Tatt to continue to serve as Independent Non-Executive Chairman of the Company 200,977,335 99.990050 20,000 0.009950 Carried
Resolution 10 - To approve the Authority to Issue Shares 200,291,735 99.687636 627,600 0.312364 Carried
Resolution 11 - To approve the Renewal of Authority to Purchase the Company’s Own Shares 201,017,835 100.000000 0 0.000000 Carried
Resolution 12 - To approve the Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature 3,545,850 100.000000 0 0.000000 Carried
Special Resolution - To approve the Proposed Adoption of new Constitution of the Company 201,002,835 100.000000 0 0.000000 Carried