GENERAL MEETINGS: Outcome of Meeting
| P.I.E. INDUSTRIAL BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 16 May 2025 |
| Time | 09:00 AM |
| Venue(s) |
Conference Room, Level 2, P.I.E. Industrial Berhad (Plant 6) 3055, Lorong Jelawat Satu Kawasan Perusahaan Seberang Jaya 13700 Perai, Pulau Pinang Malaysia |
| Outcome of Meeting |
P.I.E. Industrial Berhad ("PIB" or “the Company”) is pleased to announce that all the resolutions as set out in the Notice of the Twenty-Eighth Annual General Meeting (“28th AGM”) dated 17 April 2025 were voted on poll at the 28th AGM of the Company held on 16 May 2025.
The results of the poll were verified by Commercial Quest Sdn Bhd, the Independent Scrutineer appointed by the Company. The details of the poll results are set out in the table below.
This announcement is dated 16 May 2025. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the payment of Directors' Fees of up to RM90,000 for the financial year ended 31 December 2025. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 63 | 0 |
| No. of Shares | 245,550,664 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To approve the benefits payable (excluding Directors' Fees) to the Non-Executive Directors up to an amount of RM90,000 from 1 June 2025 until the next Annual General Meeting ("AGM") of the Company.
|
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 60 | 0 |
| No. of Shares | 245,430,114 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
||
| Description |
To re-elect Mr Wong Thai Sun who retires by rotation in accordance with Article 102(1) of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 45 | 4 |
| No. of Shares | 218,162,464 | 2,729,500 |
| % of Voted Shares | 98.7643 | 1.2357 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-elect Mr Lee Cheow Kooi who retires by rotation in accordance with Article 102(1) of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 45 | 14 |
| No. of Shares | 218,780,414 | 26,642,700 |
| % of Voted Shares | 89.1442 | 10.8558 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
||
| Description |
To re-appoint Messrs. Deloitte PLT as Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 56 | 2 |
| No. of Shares | 244,684,064 | 745,500 |
| % of Voted Shares | 99.6962 | 0.3038 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
||
| Description |
To authorise Directors to allot and issue shares pursuant to Sections 75 and 76 of the Companies Act 2016. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 49 | 13 |
| No. of Shares | 237,933,614 | 7,616,600 |
| % of Voted Shares | 96.8981 | 3.1019 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
||
| Description |
To approve the authority to purchase Company own shares. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 58 | 4 |
| No. of Shares | 238,309,214 | 7,241,000 |
| % of Voted Shares | 97.0511 | 2.9489 |
| Result | Accepted | |
8. Ordinary Resolution 8 |
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| Description |
To approve the Proposed Renewal of Shareholders Mandate for Recurrent Related Party Transaction of a Revenue or Trading Nature. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 56 | 0 |
| No. of Shares | 48,072,079 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | P.I.E. INDUSTRIAL BERHAD |
| Stock Name | PIE |
| Date Announced | 16 May 2025 |
| Category | General Meeting |
| Reference Number | GMA-15052025-00002 |
| Corporate Action ID | MY250515MEET0002 |