[PRG] EGM on 16-Aug-2024

Stock
[PRG]: PRG HOLDINGS BERHAD
Announcement Date
11-Jul-2024
Reference No.
GMA-11072024-00001
Corporate Action ID
MY240711MEET0001
Type
EGM
Date & Time
16-Aug-2024 10:00
Depositor Date
08-Aug-2024
Venue
Broadcast Venue: Unit 4.02, Level 4, Plaza Damansara, Block A Bukit Damansara 50490 Kuala Lumpur
Description
Notice of Extraordinary General Meeting ("EGM")
PRG - Notice of EGM and Administrative Guide.pdf
Outcome
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

1. Resolution 1

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
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

Description 
Proposed diversification of the business of PRG and its subsidiaries to include the property investment business
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

Remark
-
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