[TRIVE] Extraordinary on 09-Dec-2020

Stock
[TRIVE]: TRIVE PROPERTY GROUP BERHAD
Announcement Date
24-Nov-2020
Type
Extraordinary
Date & Time
09-Dec-2020 11:00
Depositor Date
01-Dec-2020
Venue
Level 4, Menara Lean Hoe No. 8, Persiaran Tropicana Tropicana Golf & Country Resort 47410 Petaling Jaya, Selangor
Description
Extraordinary General Meeting The Extraordinary General Meeting will be conducted on a fully virtual basis at the Broadcast Venue via Remote Participation and Voting Facilities.
TRIVE - NOTICE OF EGM.pdf
Outcome

The Board of Directors of Trive Property GroupBerhad ("the Company") is pleased to announce that all resolutions put to the Company's ExtraordinaryGeneral Meeting ("EGM") held today, 09December2020werecarried.

All the resolutions were voted by poll and the results of the poll were validated by Messrs. SharePolls Sdn. Bhd., the independent scrutineers appointed by the Company.

The results of the poll are set out below.

This announcement is dated 09 December2020.

Voting Results

1. Ordinary Resolution 1

Description 
Proposed acquisition of the remaining 40% equity interest in Avenue Escapade Sdn Bhd ("AESB"), an existing 60%-owned subsidiary of the Company, for a total purchase consideration of RM9,912,467 to be satisfied entirely in cash ("Proposed Acquisition")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 23 10
No. of Shares 619,280,798 7,731,483
% of Voted Shares 98.7669 1.2331
Result Accepted

2. Ordinary Resolution 2

Description 
Proposed consolidation of every 25 ordinary shares in TRIVE ("TRIVE Shares" or "Shares") into 1 share ("Proposed Share Consolidation")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 12
No. of Shares 619,637,865 7,374,416
% of Voted Shares 98.8239 1.1761
Result Accepted

3. Ordinary Resolution 3

Description 
Proposed renounceable rights issue of up to 911,041,056 new shares ("Rights Shares") together with up to 531,440,616 free detachable warrants in TRIVE ("Warrants C") on the basis of 12 Rights Shares together with 7 free Warrants C for every 2 consolidated shares held by the entitled shareholders of the Company on an entitlement date to be determined ("Entitlement Date") ("Proposed Rights Issue with Warrants")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 22 11
No. of Shares 621,440,665 5,571,616
% of Voted Shares 99.1114 0.8886
Result Accepted

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