KUALA LUMPUR – PROPEL GLOBAL BERHAD (“Propel Global” or the “Group”), a provider of oil and gas (“O&G”) services, is pleased to announce the successful conclusion of its Fourth Annual General Meeting (“4th AGM”) held virtually today. All resolutions tabled during the AGM were passed with overwhelming shareholder support.
The resolutions approved by 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 Propel Global maintains the flexibility and resources necessary to drive its strategic initiatives and capitalise on future opportunities.
Ms. Angeline Lee, Executive Director / Group Chief Executive Officer of Propel Global commented, “We are deeply grateful for the unwavering trust and support of our shareholders. The resolutions passed today enable Propel Global to stay agile and pursue our growth agenda effectively. This strong endorsement reflects the confidence in our strategic vision and our commitment to delivering long-term value for all stakeholders.”
As Propel Global looks ahead, the Group remains focused on strengthening its market presence across its key business segments, including O&G, technical services, and information and communications technology (“ICT”). Leveraging the support from today’s AGM, Propel Global is well-positioned to advance its initiatives, navigate industry challenges, and unlock new opportunities for sustainable growth.
