GENERAL MEETINGS: OUTCOME OF MEETING
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 |