The Board of Directors of PRG Holdings Berhad ("PRG" or "the Company") is pleased to announce that all the Resolutions set out in the Notice of the Extraordinary General Meeting ("EGM") were duly passed by the shareholders of the Company at the EGM held on 16 August 2024. The results of the poll were validated by Aegis Communication Sdn. Bhd., the Independent Scrutineer appointed by the Company. This announcement is dated 16 August 2024.
Voting Results |
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1. Resolution 1 |
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Description |
Proposed disposal by the Company of 50 units of Picasso Residence Condominium to PRG Land Sdn Bhd, a wholly-owned subsidiary of Furniweb Holdings Limited ("Furniweb") which in turn is a 50.45%-owned subsidiary of the Company, for a total consideration of RM61,982,000 to be satisfied via a combination of cash consideration of RM7,437,840 and the issuance of 321,756,000 new ordinary shares in Furniweb at issue price of HKD0.30 each amounting to RM54,544,160 |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 19 | 2 |
No. of Shares | 20,184,310 | 422 |
% of Voted Shares | 99.9979 | 0.0021 |
Result | Accepted | |
2. Resolution 2 |
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Description |
Proposed diversification of the business of PRG and its subsidiaries to include the property investment business |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 20 | 1 |
No. of Shares | 20,184,710 | 22 |
% of Voted Shares | 99.9999 | 0.0001 |
Result | Accepted | |
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2024-08-19
2024-08-16