Prestariang Berhad 10th Annual General Meeting and Extraordinary General Meeting
25 November 2020 – Prestariang Berhad held both of its 10th Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) on a fully virtual basis, which were broadcasted at 12th Floor, Menara Symphony, No. 5, Jalan Prof. Khoo Kay Kim, Seksyen 13, 46200 Petaling Jaya, Selangor Darul Ehsan, Malaysia.
The virtual AGM was held to pass a total of eleven (11) resolutions, namely;
Resolution 1: To approve the payment of Directors’ fees of RM330,000.00 for the financial year ended 30 June 2020;
Resolution 2: To approve the payment of Directors’ fees of RM450,000.00 for the financial year ending 30 June 2021;
Resolution 3: To approve the payment of Directors’ benefits up to an amount of RM153,000.00 from 26 November 2020 until the next Annual General Meeting of the Company;
Resolution 4 and 5: To re-elect the following Directors who are retiring pursuant to Clause 119 of the Company’s Constitution and being eligible, have offered themselves for re-election:-
Mr. Chan Wan Siew; and
Dr. Abu Hasan Bin Ismail
Resolutions 6 and 7: To re-elect the following Directors who are retiring pursuant to Clause 118 of the Company’s Constitution and being eligible, have offered themselves for re-election:-
Professor Emeritus Dato’ Dr. Hassan Bin Said; and
Puan Hafidah Aman Binti Hashim
Resolution 8: To re-appoint Messrs. Crowe Malaysia PLT as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Directors to fix their remuneration.
Ordinary Resolution 1: authority to issue shares pursuant to the Companies Act 2016;
Ordinary Resolution 2: - proposed renewal of authority for the Company to purchase its own shares of up to 10% of the total number of issued shares of the Company (“proposed renewal of share buy-back authority”);
Ordinary Resolution 3: retention of Independent Non-Executive Director.
The EGM on the other hand was held to pass the Proposed Change of Name of the Company from Prestariang Berhad to AwanBiru Technology Berhad.
Participated by advisors, guests, shareholders, and proxies, the meetings which commenced at 10.00 a.m. and 11.30 a.m. respectively, bridged the shareholders, Board of Directors and Management of the Group.
Concluded at 5.00 p.m. the virtual AGM and EGM went smoothly with all eleven of the proposed resolutions which are set out in the Notice of AGM and the Proposed Change of Name, which was set in the Notice of EGM, carried by the way of poll voting.