Propel Global Bhd today successfully concluded its fourth Annual General Meeting (AGM) held virtually, with the passing of all the resolutions by overwhelming shareholder support.
The resolutions approved by the shareholders include the re-election of directors, the payment of directors' fees and meeting allowances, the re-appointment of auditors, and several key corporate resolutions. These include the Proposed Authority to Issue Shares pursuant to Sections 75 and 76 of the Companies Act 2016 and the Proposed Renewal of Authority for the Group to purchase its' own shares.
The approval of these resolutions ensures that the oil and gas services provider will continue to maintain the flexibility and resources necessary to drive its strategic initiatives and capitalise on future opportunities.
Executive Director cum Group Chief Executive Officer of Propel Global Angeline Lee commented, "This strong endorsement (from the shareholders) reflects the confidence in our strategic vision and our commitment to delivering long-term value for all stakeholders."
Propel Global largely offers oil and gas services ranging from the supply and provision of maintenance services for air-conditioning and ventilation systems, to specialised oilfield services such as pipe recovery, well intervention, diagnostic and sand management, and production enhancement.
