GENERAL MEETINGS: Outcome of Meeting
| POWERWELL HOLDINGS BERHAD |
| Type of Meeting | Extraordinary |
| Indicator | Outcome of Meeting |
| Date of Meeting | 25 Sep 2025 |
| Time | 11:00 AM |
| Venue(s) |
Danau 1-2, Kota Permai Golf & Country Club No. 1, Jalan 31/100A Kota Kemuning, Section 31 40460 Shah Alam, Selangor Malaysia |
| Outcome of Meeting | The Board of Directors of Powerwell Holdings Berhad ("the Company") is pleased to announce that all of the resolutions as set out in the Notice of Extraordinary General Meeting of the Company dated 4 September 2025 ("EGM") were duly passed by the shareholders of the Company at the EGM held today. All of the resolutions were voted by poll and the results were validated by Sharepolls Sdn Bhd, the Independent Scrutineer appointed by the Company.
The details of the results of the poll are set out below.
This announcement is dated 25 September 2025. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
Proposed establishment of an employees' share option scheme ("ESOS") of up to 15% of the total number of issued shares of Powerwell (excluding treasury shares, if any) at any point in time
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 25 | 24 |
| No. of Shares | 211,585,570 | 30,057,100 |
| % of Voted Shares | 87.5613 | 12.4387 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
Proposed allocation of up to 80% of the ESOS Options to the Directors and senior management of the Company (i) Tang Yuen Kin (Independent Non-Executive Chairman) |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 27 | 26 |
| No. of Shares | 255,641,262 | 30,070,700 |
| % of Voted Shares | 89.4752 | 10.5248 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
Proposed allocation of up to 80% of the ESOS Options to the Directors and senior management of the Company (ii) Wong Yoke Yen (Managing Director) |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 28 | 24 |
| No. of Shares | 227,740,665 | 30,057,100 |
| % of Voted Shares | 88.3408 | 11.6592 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
Proposed allocation of up to 80% of the ESOS Options to the Directors and senior management of the Company (iii) Soh Wei Wei (Executive Director) |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 28 | 24 |
| No. of Shares | 239,649,767 | 30,057,100 |
| % of Voted Shares | 88.8556 | 11.1444 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
Proposed allocation of up to 80% of the ESOS Options to the Directors and senior management of the Company (iv) Dr. Tou Teck Yong (Senior Independent Non-Executive Director) |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 25 | 27 |
| No. of Shares | 255,539,262 | 30,072,700 |
| % of Voted Shares | 89.4708 | 10.5292 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
Proposed allocation of up to 80% of the ESOS Options to the Directors and senior management of the Company (v) Selma Enolil Binti Mustapha Khalil (Independent Non-Executive Director) |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 25 | 27 |
| No. of Shares | 255,589,262 | 30,072,700 |
| % of Voted Shares | 89.4726 | 10.5274 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
Proposed allocation of up to 80% of the ESOS Options to the Directors and senior management of the Company (vi) Chong Guang Wei (Non-Independent Non-Executive Director) |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 27 | 26 |
| No. of Shares | 255,639,362 | 30,072,600 |
| % of Voted Shares | 89.4745 | 10.5255 |
| Result | Accepted | |
Announcement Info
| Company Name | POWERWELL HOLDINGS BERHAD |
| Stock Name | PWRWELL |
| Date Announced | 25 Sep 2025 |
| Category | General Meeting |
| Reference Number | GMA-19092025-00004 |
| Corporate Action ID | MY250919MEET0004 |