[IVORY] Extraordinary on 25-Nov-2020

Stock
[IVORY]: IVORY PROPERTIES GROUP BERHAD
Announcement Date
09-Nov-2020
Type
Extraordinary
Date & Time
25-Nov-2020 10:00
Depositor Date
18-Nov-2020
Venue
Boardroom, Ivory Tower @ Penang Times Square, 81-11-1, Jalan Dato' Keramat, 10150 George Town, Penang
Description
Ivory Properties Group Berhad - Extraordinary General Meeting ("EGM") The EGM will be conducted on a fully virtual basis through live streaming and online remote voting using Remote Participation and Voting Facilities.
Ivory EGM.pdf
Outcome

The Board of Directors of Ivory Properties Group Berhad ("IPGB" or "the Company") is pleased to announce that the resolutionas set out in the Notice of the Extraordinary General Meeting ("EGM") dated 10November2020 wasduly passed at the EGM of the Company held on 25November 2020.

The resolution was voted by poll and the results of the poll wasverified by Commercial Quest Sdn. Bhd., the independent Scrutineer appointed by the Company. The details of poll results are set out in the table below.

The announcement is dated 25November 2020.

Voting Results

1. Ordinary Resolution

Description 
Proposed acquisition of two (2) pieces of adjoining freehold land from C P Landmark Sdn Bhd and August Line Sdn Bhd by Ivory Utilities Sdn Bhd, a wholly-owned subsidiary of Ivory Properties Group Berhad at a total purchase consideration of RM142,794,956.00.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 51 2
No. of Shares 270,995,213 58,000
% of Voted Shares 99.9786 0.0214
Result Accepted

Remark
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